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Michael Munger, a political scientist and economist who teaches at Duke University, argues in his excellent essay “Libertarianism and Public Choice,” included in The Routledge Companion to Libertarianism, that public choice offers a more persuasive defense of free-market libertarianism than

Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008. Original Article: "What Will It Take to End Rampant Home-Price Inflation?" This

While most of the world lifted covid-19 restrictions and learned how to live with the virus, China moved in the opposite direction and doubled down on its zero-covid policy. Other countries, such as Australia and New Zealand, gave up on

The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession. Original Article: "Economic Winter Has Arrived" This Audio Mises Wire is generously sponsored by Christopher Condon. 

Rather than working diplomatically to resolve the civil war in Ukraine that it played a principal role in precipitating (by backing the unconstitutional transfer of power in that country in 2014), the Biden administration spent the months leading up to

Indian tribe sovereignty has long been a much neglected, yet important, tool in decentralizing and limiting government power in the US. Since the early 19th century, it has been recognized by US courts and policymakers that—at least in theory—US governments

The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse. Original Article: "How Bad Were Recessions before the Fed? Not as Bad as They Are Now" This

The Igbos are one of the largest ethnic groups in Nigeria and are celebrated for their successes in entrepreneurship and academia. The Igbos’ success extends outside the borders of Nigeria and cannot be considered a fluke. To account for their accomplishments,

Ben Bernanke once claimed that a monetary gold standard caused economic instability. He failed to mention that his fiat money standard causes the boom-and-bust cycles. Original Article: "Contra Ben Bernanke, the Gold Standard Promotes Economic Stability" This Audio Mises Wire is generously

A sign of our time is the split-personality of the conservatives. Many to the right of center are off on a schizophrenic pursuit of both liberty and collectivism. In domestic affairs this regrettable condition is gradually being recognized for what it