Mises Wire

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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The Industrial Revolution and the West Indies: Did the Colonies Spark Progress in the Metropole?

World History


The West Indies played a vital role in growing the British economy in the eighteenth century.

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The Myth behind the Federal Power to Strike Down State Laws

Decentralization and SecessionU.S. History


Why do Americans believe that state and local laws are subject to veto by federal policy makers but the federal government is to be the sole judge of its own laws? Federal elites want it that way.

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The Unending Farce of US Sanctions against Russia

Economic PolicyWar and Foreign Policy


While the economic sanctions against Russia are helping to impoverish people in that country, they are doing a lot of damage elsewhere too.

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