Economics in America: An Immigrant Economist Explores the Land of Inequality
by Angus Deaton
Princeton University Press, 2023; xiii + 273 pp.

Visions of Inequality: From the French Revolution to the End of the Cold War
by Branko Milanovic
Harvard Univerity Press, 2023; 359 pp.

Government-Managed Digital Currency: A Further Threat to Our Freedom

by Paul Gottfried

Whatever the modern self-described liberal democratic administrative state claims to be doing in the name of disadvantaged people is intended primarily and perhaps exclusively to increase government control. Further, whenever the same regime purports to be making our lives more comfortable, more agreeable, we may assume that our freedom and property rights are under assault.

Monetary Policy as Inflationism

Today all governments and central banks operate under the ideology of inflationism. The underlying principle of inflationism is that the quantity and purchasing power of money determined by the free market leads to deflation, recession, and unemployment in the economy. The inflationist ideology is therefore embedded in the very concept of monetary policy, which can be defined as an increase in the supply of money aimed at lowering the purchasing power below the level determined by market forces.

The Mises Institute is different. We don’t change our positions or our ideology to match the current zeitgeist. Rather, we’re in it for the long haul. Our business is to change the minds of both scholars and the general public. Victory in the battle of ideas doesn’t begin in legislative committee rooms. It begins in classrooms and living rooms.

Economic nationalists are once again fawning over Democratic US senator John Fetterman from Pennsylvania. First it was for his opposition to Chinese-owned US farmland. Now he is opposing the acquisition of United States Steel Corporation (US Steel) by a Japanese company. This acquisition, however, should not be blocked.

Tucker Carlson, who recently announced his own new media network, has been making the podcast rounds, talking to hosts of a variety of different ideological backgrounds. An interview a few weeks ago with Dave Smith had a moment that went viral when both men proclaimed Bill Buckley as a great villain of the 20th Century.

Brain-dead Biden and his gang of neocon controllers plan to steal whatever number of votes is needed to “win” the 2024 election for President. But what happens if they push the American people too far? They might think of sending in troops to suppress resistance, just as Lincoln did in the War Between the States, but what if American soldiers refuse to fire on their fellow Americans? Our enemies have an answer. They plan to allow illegal immigrants from Third World countries to join the armed forces. They will have no loyalty to Americans and won’t hesitate to kill them.

Just before leaving town for Christmas break, the US House gave Americans a last-minute holiday gift: a nearly trillion dollar military spending bill filled with lots of goodies for the special interests and the military-industrial complex. Unfortunately, the rest of America got nothing but coal in its stockings.