Mises Wire

In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector.

Asset price inflation is the process by which "irrational" speculation in asset markets is spurred by monetary inflation. This can occur even without any accompanying goods price inflation.

"You do not exploit people by offering them jobs, even if you could have made them an offer they would have found even more desirable."

After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. 

In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation.

There's nothing wrong with firms focusing on wealth maximization. In fact, this process allows for workers and investors to gain more wealth—and to put that wealth to use helping everyone in society.

Economics is not simply a series of transactions with hidden implications. Rather sound economics understands that long-term effects outlive the short-term effects of every economic principle or policy.

China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. 

In a normal universe, we have a name for this sort of monetary policy: it’s called “extreme dovishness” or “extremely accommodative.” In the bizarro world of 2021, it is anti-inflationary.

The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people.