Mises Wire

Keynesians believe that if government spends more, it creates wealth in the process because it is "creating demand." But only wealth generation can create demand for goods.

When Paul Volcker was Fed chairman forty years ago, he did what was necessary to bring down inflation. Unfortunately, the current Fed leadership at best is engaging in Volcker Lite.

Modern socialists claim that Hitler's Nazi regime was the antithesis of socialism. Hitler would have disagreed, as he saw himself and his movement as being primarily socialist.

As prices rise, many people—including economists, who should know better—claim that price increases are inflation. They are not.

Politicians, academics, and the media often call for a new Manhattan Project to deal with economic issues. But there is a huge difference between technological problems and economic ones.

Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.

It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation. 

Forget the talk from Biden and economists like Paul Krugman. Double-digit inflation is here, and it will be with us for a while.

As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change.

Most people think the Industrial Revolution catapulted humanity into modern comfort, but this narrative leaves out the agricultural revolution that had to come first.