Mises Wire

There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.

Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.

Monetarists and rational expectations economists believe that if monetary policy is transparent, then increases in the money supply will not have negative effects. The actual results say otherwise, as introducing new money into the economy leads to economic instability.

It is one thing to understand economics and quite another to be able to explain how economics works. Those who favor free markets also need to be able to explain and defend them.

Total war against civilians didn‘t begin with World War II. It was official policy of the Union during the Civil War to lay waste to southern cities, towns, and farms. Tactics northern generals used against civilians became the blueprint for armed forces in Europe and Japan 80 years later.

College professors have suddenly discovered entrepreneurship and are teaching about it in their classes. However, while it is an interesting subject, one cannot teach someone how to be a successful entrepreneur. 

When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they can pass laws regulating prices and the like, they cannot repeal economic laws. Instead, they can only make things worse.

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.

Dreams about “sound management” and “a return to fiscal responsibility” do little more than propagate the idea that central banks will do a good job so long as the right people are in charge.

Bernie Sanders and Alexandria Ocasio-Cortez have toured the country calling for massive government takeover of the economy and other socialist initiatives. For socialists, Sanders and AOC have become the new “Keepers of the Secret” of making socialism viable.