Mises Institute

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it. Original article: https://mises.org/mises-wire/zohran-mamdanis-socialism-flunks-basic-economics

Mark Thornton dissects “contagion” hype and argues it’s not a market pathology. He shows why, in a free market, failures reallocate customers, labor, and capital to better firms rather than spread panic. Contagion appears only when government links balance sheets and distorts prices. Mark traces how credit booms set up bust,s and why even the Fed now sits upside-down, while homeowners are “rate-locked” and supply is frozen. The takeaway: politicians and central bankers invoke contagion to demand more power and money—yet their interventions cause the very fragility they decry. See also “Fight Inflation Now” (Minor Issues, episode 72): Mises.org/MI_72 Be sure to follow Minor Issues at https://Mises.org/MinorIssues

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal. Original article: https://mises.org/mises-wire/thanksgiving-celebration-domestic-life

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for. Original article: https://mises.org/mises-wire/thanksgiving-celebration-free-enterprise

50-year mortgages are likely to increase the likelihood of more "owners" becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price.

From the perspective of the state, the ideal society is one composed of single parents raising a small number of children in irreligious households. Original article: https://mises.org/mises-wire/families-are-key-building-alternatives-state

In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism. Original article: https://mises.org/mises-wire/thanksgiving-celebrating-birth-american-free-enterprise

As the economy worsens, expect to see more articles from legacy media about how saving money is actually bad for the economy. It's an old Keynesian myth. Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Mark Thornton traces seven headline “problems” back to one engine: monetary inflation. Drawing on Austrian insights, Mark explains how new money distorts prices and wages; why cheap credit spawns debt booms, asset bubbles, and zombie firms; how deficit finance and central banking turn war into a budget line; and why rising prices erode family formation, savings, and civic trust. He connects the dots to today’s policy mix and sketches a bottom-up remedy: hard budget constraints, sound money, and decentralization that restores real price signals. Mark makes the case that inflation isn’t just “too many dollars”: it’s the hidden subsidy powering them all. Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Is minarchism an antidote for the growing statism and socialism infecting our body politic? Think of it as “statism lite.” Original article: https://mises.org/mises-wire/minarchism-worst-kind-state-idolatry