Mises Wire

Although Biden presented the formula shortage as caused by "forces" outside the USA, the shortage is homegrown. Bastiat could have explained why.

The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire.

The Federal Reserve continues the proud Greenspan tradition of obfuscation and confusing language to describe its reckless actions.

Airfares may surge 40 percent or more in 2022. This could be the biggest price increase in many decades. 

When the USSR collapsed, it was hoped that Russia would develop a free market economy and respect individual rights. Unfortunately, the situation there is deteriorating.

The Bank of England, the European Central Bank, the American Fed, and the Bank of Japan are all talking a lot about inflation, but none are embracing any real change.

The proposed WHO Pandemic Treaty is nothing less than an exercise in medical totalitarianism. Welcome to the rule of the medical bureaucrat.

The greatness of the nineteenth century consisted in the fact that to some extent the ideas of classical economics became the dominant philosophy of state and society.

Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support.

Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.