India’s Crypto-Clueless Regulators
Even those who vaguely follow the cryptocurrency markets (as I am sure many readers of the Mises Wire do) are likely to have seen the recent news on this front from …
Mises Wire
State Legislatures Are Finally Limiting Governors’ Emergency Powers. But only Some of Them.
Last week, Indiana Governor Eric Holcomb vetoed a bill that would limit gubernatorial authority in declaring emergencies. The bill would allow the General Assembly to call itself into an emergency …
Critics Claim Bitcoin Is a Threat to the Environment. They’re Wrong.
One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency. Bitcoin’s cost per transaction is well known, …
The Inverted Yield Curve and Recession
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] The “yield curve” refers to a graph showing …
What Exactly Is Neoliberalism, and Is It a Bad Thing?
La verità, vi prego, sul neo-liberismo: Il poco che c’è, il tanto che manca (The truth, please, on neoliberalism)by Alberto MingardiMarsilio, 2019333 pages There are few things nowadays that ignite …
Biden’s New Budget Plan Means Trump-Era Mega Spending Will Continue
The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With …
The Tyranny of the “Enlightened” Experts
Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But …
The 200th Anniversary of a Great American Demolition of Tyranny
This year is the 200th anniversary of the publication of one of the best American books on trade policy by one of the most thoughtful and least appreciated political analysts …
Marx, Abstract Labor, and Absurdity
Many readers will be familiar with Robert Paul Wolff’s In Defense of Anarchism, a brilliant criticism of the state’s authority that arrives at conclusions similar to those of Lysander Spooner. …
Big Debt Plus Rising Interest Rates = Big Danger
“Because there’s so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% …