Why China’s Property Bubble Is a Big Deal
China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors. Original Article: "Why China's Property Bubble Is a Big Deal" This Audio
Will the Next “Skyscraper Curse” Be Found in the Digital World?
The vast majority of Mises Wire readers are already familiar with the Austrian business cycle theory. For those who are not, it is an Austrian perspective on what causes the sudden general cluster of business errors that results in a boom-bust
Biden’s Infrastructure Plan Points to Even More Price Inflation
What is the worst thing a government can do when there is high inflation and supply shortages? Multiply spending on energy and material-intensive areas. This is exactly what the US infrastructure plan is doing and—even worse—what other developed nations have decided
The Vampire Economy: Italy, Germany, and the US
What is the link between fascism and socialism? They are stages on a continuum of economic control, one that begins in intervention in the free market, moves toward regimentation and greater rigidity, marches toward socialism as failures increase, and ends
The Interest Rate Question
The Free Market 6, no. 2 (February 1988) The Marxists call it "impressionism": taking social or economic trends of the last few weeks or months and assuming that they will last forever. The problem is not realizing that there are underlying
Realistic Prospects for Secession and Decentralization
This week's show features a panel discussion recorded in late October at our annual Supporters Summit. Panelists Ryan McMaken, Jeff Deist, Mike Maharrey, and Tho Bishop lay out real strategies for achieving decentralization. Includes an introduction by Joey Clark. Recorded in
The Madness of Taxing Unrealized Capital Gains
The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people. Original
Panel: “Strategic Alternatives in Education”
Recorded in St. Petersburg, Florida on October 22, 2021. The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the
Lincoln and the Social Contract
In The Broken Constitution, (Farrar, Straus and Giroux, 2021) Noah Feldman, a professor at Harvard Law School, argues that Abraham Lincoln criticized consent theories of government which allow the legitimacy of secession and defended in their stead majoritarian democracy. In
Panel: “Entrepreneurship vs. The State”
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous "What Must Be Done" speech on the pressing topic of how—and whether—to engage the state. Today his prescription for a bottom-up ideological