Mises Wire

The Fallacy of Calls for a "Manhattan Project" to Solve National Economic Challenges

Bureaucracy and RegulationEconomic Policy


Politicians, academics, and the media often call for a new Manhattan Project to deal with economic issues. But there is a huge difference between technological problems and economic ones.

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The British Agricultural Revolution Gets No Respect

BiographiesEconomic FreedomProtectionism and Free Trade


Most people think the Industrial Revolution catapulted humanity into modern comfort, but this narrative leaves out the agricultural revolution that had to come first.

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The Canaries in the Coal Mines Are No Longer Singing

Booms and BustsThe FedInflationBusiness Cycles


Mortgage companies and realtors are today's canaries. They're in deep trouble, and so are the rest of us. 

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The Federal Reserve Now Is between the Proverbial Rock and a Hard Place

Booms and BustsThe FedBusiness Cycles


The great credit expansion Alan Greenspan began thirty years ago has finally run its course. The Fed no longer can expand credit to fight the oncoming recession.

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The Language Vandals

PhilosophyPhilosophy and Methodology


Language is an institution in society. We need to protect it from vandals in the state-linguistic complex.

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Toleration Does Not Require Calling Evil Good

U.S. History


Bombing private property is bad. So, when someone bombed the pro-eugenics, antihuman Georgia "guidestones," we naturally condemned the bombing. But let's not pretend the monument was a good thing. 

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The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country

The FedInflationU.S. Economy


The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled.

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Turns Out the Elites Like the Administrative State Better than Democracy

Bureaucracy and RegulationCapitalismCronyism and CorporatismDemocracyLaw


The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.

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