Mises Wire

Biden Can Now Launch the Nukes and Unleash World War III Whenever He Feels Like It

War and Foreign Policy

Blog01/20/2021

The power to incinerate a billion or more human beings over morning coffee remains in the power of the president. This morning Biden supporters on Twitter were ecstatic over the video of the nuclear launch equipment being handed over to Biden.

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Time Preference, Interest Rates, and Stagflation

Money and Banks

Blog01/20/2021

As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result. 

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Why Governments Want More Centralization—and Less Federalism

Decentralization and SecessionU.S. History

Blog01/20/2021

America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States, united solely for specified joint purposes” has been largely eviscerated.

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The Unwelcome Return of the Real Purveyors of Violence

War and Foreign Policy

Blog01/20/2021

It’s hard to be optimistic about a Biden administration with so many hyperinterventionist Obama retreads. Get ready for new wars and "regime change" operations. 

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Unintended Consequences: Some Problems with National Income Accounting

Value and Exchange

Blog01/20/2021

It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.

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Let's Abolish Those Presidential Medals of Freedom

U.S. History

Blog01/19/2021

Never trust a president's judgment when it comes to what constitutes freedom. The absurd presidential record on Medals of Freedom illustrates this well. 

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It's Time for a National Divorce

Decentralization and Secession

Blog01/19/2021

The polarization reached a peak on January 6, but more peaks are sure to come. Perhaps this year, perhaps down the road. But they’re going to happen, and they could be much worse in the future.

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A Welcome Attack on Churchill and Wilson

Book ReviewsWar and Foreign PolicyWorld History

Blog01/19/2021

What seems to me the great strength of Pankaj Mishra's new book is its demonstration that the atrocities of imperial conquest and rule prefigured the horrors of the European wars of the twentieth century and later wars of conquest as well.

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