Mises Wire

The Covid Lockdowns Showed Us How Dangerous Social Engineers Have Become



It's fairly easy to destroy the spontaneously created institutions and groups that make up a well-functioning society. But it is nearly impossible to rebuild them once they're destroyed by central planners. 

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Transitory Inflation or Stagflation?

U.S. Economy


Transportation problems mixed with an ongoing government spending spree are pushing prices higher. But output doesn't exactly seem to be roaring ahead. That raises the specter of stagflation. 

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The Ratification Debate: A Standing Army vs. the Militias

U.S. History


Benjamin Rush was indecent enough to let slip the admission that the Constitution was a national government that ultimately eliminated the states. The other Federalists knew that it was not polite to admit this in public.

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The Fed Plans to Raise Interest Rates—Years from Now


The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. 

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Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse


The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that. 

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This Is What Could Trigger Big Growth in CPI Inflation

World History


Whether today's Great Monetary Inflation (which began in 2011) will end with sustained CPI inflation remains a wide-open question at this point. Prices could be reined in as in the 1990s, or a 1970s-style inflation could still be in store.

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The G7's Reckless Commitment To Mounting Debt

Global Economy


The global minimum tax rate will not hurt G7 members or large technology giants, but it will devastate small and dynamic countries that need to attract capital and investment and who cannot afford to have the tax rate of global leading nations.

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Texas Says It Can Enforce Immigration Restrictions. Texas Is Right

U.S. History


However one may feel about immigrants, both historical experience and an honest reading of the US Constitution makes it clear that the federal government is not, in fact, empowered to enforce immigration.

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