Mises Wire

Defaulting on the Debt Is the Moral Thing to Do

U.S. History


Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. 

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Double Your Gift on Mises's Birthday!


The crisis may change, but their answer will remain the same: the sacrifice of our freedom to the whims of would-be central planners. We must keep lit the torch that Ludwig von Mises has passed down to us.

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Debunking Biden's Claim We Must "Protect the Vaccinated from the Unvaccinated"



It is claimed that vaccines are remarkably effective. But it is also claimed the unvaccinated are a grave threat to the vaccinated. How can both be true at the same time?

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Don't Be Fooled by the Fed's Taper Talk

Money and Banks


There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it. 

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Don’t Be Fooled by the Latest Employment Report

U.S. History


Rising employment is certainly good news for the economy and living standards, but there is much more to this story that is concerning for the economy.

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Democracy's Road to Tyranny

DemocracyPolitical Theory

The popular pastime of modern democracies of punishing the diligent and thrifty, while rewarding the lazy, improvident, and unthrifty, is cultivated via the State, fulfilling a demo-egalitarian program based on a demo-totalitarian ideology.

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Decentralization: Why the EU May Be Better Than the US

World History


It's too late for American member states to assert real independence from the central government without facing an avalanche of legal, political, and even military opposition. Europeans would be wise to not put themselves in a similar position.

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Do Austrians "Hate Math"?

Booms and Busts


Quantitative methods are indeed useful and enlightening in the fields of economic history and descriptive economics. For Mises, however, these fields do not fall within the field of economics, narrowly understood. 

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