Mises Wire

Technology Alone Won't End Poverty. We Need Savings First.

Money and BankingProduction Theory

Blog02/16/2021

Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, expansion in economic growth is not going to emerge.

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The Fight over Economics Is a Fight over Culture

ProgressivismU.S. History

Blog02/15/2021

Explaining good economic theory is about explaining how the other side is ripping you off.

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The World Needs a Gold-Backed Deutsche Mark

Money and BanksWorld HistoryGold Standard

Blog02/12/2021

Reinstating the mark, a peaceful act by a sovereign country, would create a cascade of monetary reform throughout the world. Europe's trading partners would find the cost of necessary imports rising in terms of their local currencies, forcing them to adopt fiscal and monetary responsibility.

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The Depression of the 1780s and the Banking Struggle

U.S. History

Blog02/11/2021

In an unhampered market, there is no such thing as "excess" consumption of imports. But thanks to the creation of monopoly banks like the Bank of North America, an inflationary expansion of bank credit led to an artificial expansion of imports.

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Troop Deployments in Washington Are a Disaster Waiting to Happen

Legal SystemThe Police StateU.S. History

Blog02/10/2021

Placing thousands of troops on the streets of the nation’s capital could be a ticking time bomb. The longer the National Guard is deployed in Washington, the greater the peril of a Kent State–caliber catastrophe. 

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The Dystopian Bubble: George Orwell Meets Charles Mackay

Cronyism and CorporatismMedia and CultureU.S. History

Blog02/09/2021

The opening pages of the new decade feel like we’re living through a combination of George Orwell’s 1984 and Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds.

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The New Right Is All about the Left

Book Reviews

Blog02/08/2021

The clear religious nature of progressivism that emerges is clear. The Left has found that racism is the default setting of man, and a person “is able to escape that fallen state” only through their leftish repentance.

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The Burmese Mess Demonstrates the Incoherence of America's Crusades for Democracy

DemocracyWar and Foreign Policy

Blog02/08/2021

The Biden administration has threatened to intervene in Burma to defend "democracy" which really just means putting back into power a woman who is known to support ethnic cleansing. But she said nice things about "democracy," so she'll get the US's nod. 

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