Mises Wire

The Fed Can't Fix the Economy, but It Can Break It

Booms and BustsCentral BanksThe FedInflationBusiness Cycles


Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.

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The Wrong Elites

Media and CulturePhilosophyProgressivismStrategyPolitical Theory


Russian oligarchs, American pols, and state-connected billionaires are all cut from the same cloth: they didn't earn, or fully earn, their wealth and position in society. We must withdraw our sanction of these people.

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The "Rules-Based International Order" Is Dead. Washington Killed It.

War and Foreign Policy


From globalization to sanctions, to international institutions like the UN, the US is leading a small global fragment that's little more than NATO and a handful of friends. Meanwhile, two-thirds of the global economy isn't signing on.

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The State: It’s Oligarchs All the Way Down

World History


Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.

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The Fed Cannot Undo the Damage It Has Already Caused

Booms and BustsCentral BanksBusiness Cycles


The Fed's unprecedented monetary expansion has created damage that it cannot undo by switching directions.

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The Return of the Austrians

Money and BanksU.S. Economy


In contrast to the Keynesians and Friedmanites, Rothbard showed how Austrian economists can understand the stagflation phenomenon through price theory and capital theory. Interest rates must be raised in order to flush out malinvestments.

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The Science of Evil: A Personal Review of Political Ponerology

Book Reviews


The literary accounts and studies of the Soviet Union, the Eastern Bloc, and Nazi Germany necessarily failed to grasp the root of the problem—namely, the psychopathological dimension of the inception and development of pathocracy.

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The West's Russia Sanctions Show Why States Want to Weaponize the Financial System

Bureaucracy and RegulationFinancial Markets


States continue to seek new ways to make the financial system an “economic chokepoint” enabling the state to crack down on specific organizations, individuals, or activities.

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