Mises Wire

World War I: The Great War Was also the Great Enabler of Progressive Governance

The FedU.S. HistoryWar and Foreign PolicyWorld History


Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.

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What I Learned from my Grandfather about Money

Monetary PolicyU.S. History


The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.

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Why "Greedflation" Isn't Real

PricesValue and Exchange


Contrary to myth, businesses can't just set prices at whatever level they want. "Greedy" capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.

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World Dollar Hegemony Is Ending (and That May Be a Good Thing)

InflationWar and Foreign Policy


The dollar's petrodollar status has led the Federal Reserve to irresponsibly inflate the currency. The rest of the world has noticed and is looking for alternatives.

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Without Easy Money from the Fed, Home Prices Will Keep Falling

U.S. Economy


Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.

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Why Proposition 13 and Attacking It Are Both Popular

Big GovernmentBureaucracy and RegulationTaxes and Spending


More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since.

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Why Do Western Celebrities Usually Support Collectivism?



Celebrities in Western countries generally support socialism or some sort of collectivism. While they benefit from supporting collectivism, the poor people they claim to care about suffer under it.

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Why We Need True History and Good Historians

World History


We must do the hard work of writing good history which tells true stories about markets, the modern state, decentralization, and the tyranny of government health officials.

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