Mises Wire

Decorum Propels DC Deceit

Big GovernmentCronyism and CorporatismPoliticsWar and Foreign Policy


The president's SOTU speech has become an annual presentation of a new set of White House lies. But official Washington believes it is worse to publicly boo false statements than to make them.

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Does Government Create a "Level Playing Field" or Does It Make the Field More Uneven?

Bureaucracy and RegulationProgressivismSocialism


Anticapitalist politicians claim intervention can "level the playing field," but when we look closely, we realize that government itself creates the imbalances.

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Do Correlations Help Define Money?

The FedMoney and BanksGold StandardMonetary Theory


Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

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Don't Call It Capitalism: The Fed's $8 Trillion Hoard of Financial Assets

Money and Banks


Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism."

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Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger

Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange


The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

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Despite Broad Opposition in Congress, US Policy toward the War in Yemen Is Unchanged

War and Foreign Policy


Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.

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Decentralization, Freedom, and Peace Are the Pillars of a Free Society

Decentralization and SecessionU.S. HistoryWorld History


As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.

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Digital Currency: The Fed Moves toward Monetary Totalitarianism

The FedProgressivismSocialismMoney and Banking


One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.

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