Monetary Policy in America Is a Mess. Things Are Even Worse in Europe.

High inflation takes off where political forces are too strong to permit the implementation of harsh remedial measures with respect to taxation and monetary policy such as to prevent an implosion of the national currency. In the contemporary global financial marketplace, there has been fluctuating concern about the US heading […]

Fed Transparency Won’t Get Us out of the Mess the Fed Created

In an interview with National Public Radio’s “Morning Edition” program on Thursday, March 25, 2021, Fed chair Jerome Powell said that even with the economy rebounding faster than expected, any change in monetary policy would happen “very, very gradually over time and with great transparency. Rate increases would only be […]

Biden and Janet Yellen Are Pushing a Global Minimum Tax Rate. The EU Is Very Pleased.

It has long been a dream of central planners and interventionists to set a global, uniform tax rates for all regimes. These globalists know that so long as sovereign states have the ability to freely set their own tax rates, some regimes are tempted to engage in “tax competition” in […]

Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians

Georgia has new voter laws, and as could have been anticipated, they are polarizing. For the Left, they are infringements akin to Jim Crow; for the Right, they are commonsense reforms to counter voting fraud. The corporate press—never one to turn down the opportunity to assault a Republican—sides with the […]

Peter Klein: When Policy-Makers Discover The Benefits of Entrepreneurship, They Can’t Resist Intervening

Innovative entrepreneurship is the segment of the entrepreneurial economy that is especially highly focused on innovation via new products and services. Within innovative entrepreneurship there is an even brighter spotlight on NTBF — new technology-based firms that are cutting edge, scalable, and fast-growing. They represent only one form of entrepreneurship, […]

The Marxist Origins of James Burnham’s Foreign Policy

By: David Gordon  A recent post by Francis P. Sempa on the University Bookman site offers valuable information on the genesis of James Burnham’s Cold War global crusading. Burnham, who worked after World War II as a CIA agent, was the dominant intellectual influence behind William Buckley’s efforts at National […]

GDP Hides the Damage from the Covid-19 Lockdowns

Government money printing may goose GDP, but It will do nothing to fix the losses that millions have suffered from covid restrictions and lockdowns.  Original Article: “GDP Hides the Damage from the Covid-19 Lockdowns” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Powered […]

Fedcoin to the Rescue?

By: Robert Aro It could take several years. But “Fedcoin” is on its way and soon will be our reality. The question is: Will Fedcoin make our lives easier or just the Fed’s? The Federal Reserve Bank of Boston is currently working with Massachusetts Institute of Technology (MIT) on the project, with […]

The Economics and Ethics of Government Default, Part III

In the previous installments of this series (part I, part II), I have argued that government default is not only ethical, it is also beneficial to the economy and society as a whole. The one question I left open at the end of part II was the possible consequences for […]

The Tyranny of the “Enlightened” Experts

If you were to stroll through any typical upper-middle-income American neighborhood in 2021, the odds are very high that you’d observe at least one yard sign exuberantly proclaiming something like this: “In this house, we believe that science is real, love is love, no human is illegal … ” and other banal […]

Central Banking as an Engine of Corruption

Much has been written about the famous debate between Thomas Jefferson and Alexander Hamilton over the constitutionality of America’s first central bank, the Bank of the United States (BUS). This was where Jefferson, as secretary of state, enunciated his “strict constructionist” view of the Constitution, making his case to President […]

Big Debt Plus Rising Interest Rates = Big Danger

If there is anything Wall Street banks crave is relief. Primarily relief from the potential for failure and, next, relief from holding much, if any, equity capital. These banks like their capital tiny and their profits huge. Losses should be socialized. After all, we want the ATMs to keep spitting […]

The “Mind Viruses” Creating Social Justice Warriors

The Parasitic Mind: How Infectious Ideas Are Killing Common Senseby Gad Saad. Regnery, 2020xvi + 240 pages Gaad Saad, a psychologist who specializes in applying evolutionary biology to the study of consumer behavior, has written a book of great value, and moreover, it is a book that required great courage […]

The World of Salamanca

The subject of the medieval period highlights the vast gulf that separates scholarly opinion from popular opinion. This is a grave frustration for scholars who have been working to change popular opinion for a hundred years. For most people, the medieval period brings to mind populations living by myths and […]

UBI and the Road to Serfdom

Many people think that a universal basic income (UBI) would be a good substitute for the welfare state. Under this proposal, each person resident in a country would receive a guaranteed income, sufficient to live at a modest level. People would get the money unconditionally. Unlike welfare payments, the UBI […]

Progressivism’s Failures: From Minimum Wages to the Welfare State

As I write, the Democratic Congress is contemplating various measures designed to alleviate poverty levels in the United States. They include: the doubling of the minimum wage; the expansion of child credits. Let’s review both. The Minimum Wage Hike Congress intends to raise the federal minimum wage from $7.25 to […]

Allen Mendenhall—Is Intellectualism Dead?

Allen Mendenhall joins the show to expand last week’s discussion on the intellectual state of America. Are we living in a decidedly anti-intellectual age, or has America always been predisposed toward doers over thinkers? Have Americans simply stopped reading books? Have we lost our ability to think deeply, due to the […]

The Economic Effects of Pandemics: An Austrian Analysis

Traditionally, Austrian theorists have focused with particular interest on the recurrent cycles of boom and recession that affect our economies and on studying the relationship between these cycles and certain characteristic modifications to the structure of capital-goods stages. Without a doubt, the Austrian theory of economic cycles is one of […]

La auditoría anual de la Fed está muy lejos de la transparencia real

By: Robert Aro La noción de «Auditar a la Fed» ha estado presente durante un tiempo. Técnicamente, la Reserva Federal es auditada. El martes, con poca o ninguna fanfarria ni cobertura mediática, hubo un comunicado de prensa anunciando la finalización de los estados financieros auditados de 2020. Profundizando, cada uno […]

Lockdowns and Easy Money Bring a Weak Recovery for Europe

If we looked at most investment bank outlook reports for 2021, one of the main consensus themes was a strong conviction on a rapid and robust eurozone recovery. They were wrong. This week, Capital Economics joined other analysts and downgraded the eurozone growth, highlighting “We now think that the eurozone economy will […]