Mises Wire

For more than a century, the Federal Reserve has slowly but surely destroyed this nation‘s once-sound monetary system. As inflation once again undermines our economy, the Fed reacts by making things even worse.

Modern historians often portray post-Civil War “Reconstruction” as a time when well-meaning Republicans tried to aid newly-freed slaves who were being oppressed by their former masters. Using revisionist history, Wanjiru Njoya comes up with different, more realistic, accounts.

Tariffs, like oil prices, may have relevant implications on numerous trade factors, but they do not cause price inflation. Will the Fed blame tariffs like it blamed covid for price inflation? 

Mainstream economics tells us that we need a growing money supply to keep an economy growing. But what if a growing money supply diminishes economic growth? The Austrians have something to tell us about money growth.

Although a new presidential administration and Republican Congress have claimed support for civil liberties, support remains strong for the liberty-destroying FISA law. The more things change, the more they remain the same.

Beef prices are rising again because of government intervention in the monetary system and in regulation of the beef industry. As American beef consumption falls, the entire industry is in trouble.

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an economic and social problem, or is this yet one more false crisis ginned up by intellectual and governing elites?

Gen. William T. Sherman‘s infamous “March to the Sea” is covered almost antiseptically in American history texts. Yet, Sherman‘s actions would have been judged as war crimes had he not been on the winning side.

Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.

In the United States, as in Europe, the advent of national citizenship (as opposed to local citizenship) has mirrored and fueled the growth and centralization of state power overall.