Mises Wire

For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed! 

A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.

All too often, elite mainstream economists' policy recommendations are built on fallacies. We shouldn't listen.

Europe is in crisis, thanks to its progressive leadership. Václav Klaus, former president of the Czech Republic, points out the problems and offers a remedy: free markets.

All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.

Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.

Free-market production, albeit imperfect, is driven by entrepreneurs seeking to profit from serving consumers. Government regulations sever this link to consumers wants. 

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.

As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.