malinvestment chart

The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments


Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

student debt coin stacks

Subsidizing Higher Education Is Not Creating Widespread External Benefits


Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.

Why This Recession is Different

02/03/2023Mises Media

Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from COVID.

It's Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency


The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.

Ominous Parallels Reconsidered


Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.

More Recession Signs: Money Supply Growth Went Negative Again in December


The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

Argentina and Brazil Look to Establish a Common Currency


Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.

The Fed Is Already Flashing Signs It's Done Raising Rates


The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over. 

Will Powell Pivot as Currency Wars Escalate?

02/02/2023Mises Media

Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week.



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