Mises Wire

Colonialism, imperialism, unfair trade, and more. African politicians look everywhere for the causes of Africa's poverty and chaos but in the mirror.

Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.

The SCOTUS decision on abortion isn't really about the legality of abortion in America. It's all about how far you have to drive to get one. But many progressives can't stand that people have different values in different places. 

Here we are in 2022, worrying about if the world's oldest nuclear powers will be the ones to touch off a global nuclear war. It's not Pakistan or North Korea or "proliferation." It's Washington and Moscow, yet again. 

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality.  

It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

While the Fed governors claim "all is well" and that inflation is "transitory," the bad news continues to pile up. Inflation will be with us for a long time.

The passing of Professor George Ayittey stills a powerful voice for free markets in Africa.