Mises Wire

Yellen Is Wrong. The US Government Doesn't Always Pay its Debts.

Money and BanksU.S. History


Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.

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You'll Be Shocked the Learn There's Corruption at the Fed

Money and Banks


Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers.

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Yet Again, the Media's Covid Narrative Doesn't Add Up

U.S. History


States with long-lasting lockdowns, covid restrictions, and even mounting vaccine “incentives” have still been hit harder than more laissez-faire states in many cases, even after the virus has had eighteen months to spread well beyond the borders of the initial hot spots.

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Young Americans Resist Biden’s Covid Vaccination Campaign



Federal officials are starting to understand that they can no longer intimidate and threaten their way to universal compliance with covid restrictions.

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Yes, Paul Krugman, Booms Are Unsustainable

U.S. EconomyU.S. History


Austrians do not question booms because they don’t like prosperity or because they have character defects. Rather, Austrians understand that booms involve lines of investment in areas of production that cannot be sustained.

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You Won't Learn Much about Fascism in this Book on "Fascism"

Book Reviews


Jason Stanley's book on fascism is a jumbled mess which seems primarily to exist for the purpose of smearing everything Stanley doesn't like with the label of "fascism." 

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Yield Curve Control: Bubbles and Stagnation

Global Economy


Europe's central bank is taking aggressive action to prevent bond yields from rising … to 0.3 percent in Spain or 0.6 percent in Italy. This is the evidence of a massive bubble.

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Yet Another Study Shows—Yet Again—That Lockdowns Don't Work



"We find no clear, significant beneficial effect of [lockdowns] on case growth in any country….In none of the 8 countries and in none out of the 16 comparisons [examined] were the effects of [lockdowns] significantly beneficial."

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