Mises Wire

How Fossil Fuel Revolutionized Our Kitchens and Our Food

World History

Blog11/23/2023

Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age.

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How Washington Hawks Helped Create the New "Axis of Evil"

Big GovernmentPoliticsU.S. HistoryWar and Foreign Policy

Blog11/08/2023

Washington never sleeps when it comes to declaring new overseas enemies to destroy. The new “axis of evil” now consists of Russia, Iran, and China.

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Hostage Extraction Needs to be Privatized

War and Foreign PolicyWorld History

Blog11/04/2023

In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.

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How German Exports Lost the Race with China

Bureaucracy and RegulationEuropeGlobal EconomyWorld History

Blog10/31/2023

The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention.

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Hamas, Israel, and the Collapse of the Fiat Global Order

War and Foreign PolicyWorld History

Blog10/12/2023

The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery.

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How the Fed Undermines Prosperity

Booms and BustsThe FedBusiness Cycles

Blog10/12/2023

The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.

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How To Prevent the Boom-Bust Business Cycle

Booms and BustsThe FedInflationBusiness Cycles

Blog10/10/2023

Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.

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How Paper Money Turns Governments into Predators

InflationMoney and BanksWorld History

Blog10/09/2023

Paper money transforms governments from parasites to predators. Once a government can print what it likes, it no longer needs taxes.

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