By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference? Original Article: "The Economic Superbowl: 1920–21 versus 1930–31" This Audio Mises Wire is generously sponsored by

There is no real housing market in the US. Instead, an unholy trinity of Fannie/Freddie, the US Treasury, and the Federal Reserve Bank operate to distort the market at every turn and drive home prices up dramatically. Mises Institute Senior

Once again, after two decades of silence, the Federal Trade Commission (FTC) is cracking down on Microsoft. For what? Microsoft is accused of monopolistic tendencies in their recent bid to acquire the company Activision Blizzard. What is ironic about the FTC’s

Woke Racism: How a New Religion Has Betrayed Black America by John McWhorter Portfolio/Penguin, 2021, xv + 201 pp. John McWhorter is an eminent linguistics professor who teaches at Columbia. He is himself black, and he argues that “woke” racism does

Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised. Original Article: "The Tea Party, Fifteen Years Later" This Audio Mises Wire is

The late Douglas North was correct to assert that institutions are a determinant of long-term economic growth. However, despite his genius in perceiving connections between economics and other fields, North wrote little on culture. Although leading economists are now beginning

In recent years, we've seen the issue of changing US state borders come up repeatedly. For example, activists in some Colorado counties in 2013 proposed breaking off to form a new state. Since 2021, a similar idea has persisted in

Remember those dystopian futuristic films in which the evil people try to electronically erase the heroes? Social media companies are trying to recreate that scenario. Original Article: "Notes from the Digital Gulag" This Audio Mises Wire is generously sponsored by Christopher Condon. 

By the beginning of the fourth century, the Roman Empire had become a completely different economic reality from what it had been at the beginning of the first century. The denarius argenteus, the empire’s monetary unit during the first two

Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since. Original Article: "Woodrow Wilson's Christmas Grift of 1913" This Audio Mises Wire is generously