Mises Wire

The Ukraine crisis arrives in the middle of an evident slowdown of the largest economies after the placebo effect of massive stimulus plans has already worn off.

The Fed is, effectively, a car driving at night, very fast, with no headlights. That is a real threat, probably to an unprecedented degree.

Even as the USA seeks to expand NATO while it escalates tensions with Russia, the organization is facing internal pressures as some member nations do not agree with Washington's saber-rattling agenda.

Like America's central bank, the European Central Bank can't let interest rates rise without facing some big negative repercussions.

This week's avocado ban—and the behind-the-scenes regulatory regime governing avocado imports—reminds us that there is no such thing as free trade between the US and Mexico.

In 2020, Prime Minister Trudeau expressed alarm that the Trump administration might put down violent protests in US cities. In 2022, he decides a heavy-handed response to peaceful protests is justified.

Justin Trudeau wants to crush the peaceful trucker protest. So he's invoking the Emergencies Act so the regime can pretty much do whatever it wants.

Bloomberg suggests that individuals should not be permitted to make their own stock selections because they are not "qualified" to make such decisions. Instead, governments should help direct their investment choices.

It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do. 

Economics starts and ends with scarcity, an inescapable reality of human existence. Antieconomics, personified today by MMT, starts with abundance and works backward.