Mises Wire

How the Middle-Class Dining Room Revolutionized Domestic Life

World History


For families and friends gathering for Thanksgiving this year, many will assemble in a room called the "dining room." This is a modern luxury made possible by the bourgeois merchants of old.

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How to Think about Regulatory Intervention


Free-market production, albeit imperfect, is driven by entrepreneurs seeking to profit from serving consumers. Government regulations sever this link to consumers wants. 

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How Easy Money Fueled the FTX Crypto Collapse


Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

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How to Think about Monetary Intervention


Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.

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How to Think about Economic Calculation


We should not conflate management with entrepreneurship. It is an error to misconstrue the market process as mere production management. 

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How Fiat Money Enriches the Unproductive



Governments can conjure up money at the printing press—with predictable results. But anyone wanting a Lamborghini will have to produce real wealth to purchase it.

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How the Soviets "Fixed" Inflation, but Ruined the Economy

World History


The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. 

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Honest Money in Dishonest Hands

The FedInflationMoney and BanksGold Standard


While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime.

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