Ah, spring. That magical time of year when every productive American’s fancy turns to thoughts of how to legally reduce their income tax obligations.
This year, filing an extension and waiting to pay as long as possible has been the ideal tax strategy, thanks in part to the official inflation rate that just hit 8.9%.1
“As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny is at stake.” —Ludwig von Mises
Inspired in part by an unsuccessful plan in 1949 to create a Liberal Institute under the leadership of Ludwig von Mises at the University of Chicago, a newly created Mises Institute Graduate School welcomed its first cohort of master’s degree students in August of 2020. It has since admitted three additional student cohorts and is now accepting applications for its Fall 2022 cohort.
In an earlier article, “No War with China,” I discussed the plans of braindead Biden and the neocon gang that controls him to start a war with China. This of course would be a disaster, but it leads to another question I’d like to talk about this week. Do we have to quarrel with China at all? Why can’t we have peaceful, friendly relations with China? The warmongers say otherwise; let’s look at some of their so-called “arguments.”
Starring Alexander Skarsgård, the recently released film “The Northman” portrays Viking life in stunning and vivid detail. The historical accuracy is said to be unprecedented; Robert Eggers, director of The Northman and other historical tales (The Witch, The Lighthouse), emphasizes his employment of Viking experts to achieve such an accuracy.
Africa has been plagued with rampant inflation and monetary instability over the past fifty years. There have been numerous cases of currency crises and currency resets. Even hyperinflation, the most destructive economic phenomenon, has left its ruinous mark on several African societies.
It’s happening. The Federal Reserve raised the Fed’s Fund Rate to 1.0% and announced their plan to shrink the balance sheet. In the Q & A that followed, Powell shared his thoughts on the possibility of recession and what he thinks about the decision to reduce the nearly $9 trillion balance sheet.
On April 19, 2022, at the Economic Club in New York, the Chicago Federal Reserve Bank president Charles Evans said the Fed is likely to lift by year end its federal funds rate target range close to the neutral range of between 2.25 to 2.50 percent. Furthermore, on April 21, 2022, Fed chairman Jerome Powell corroborated this by stating that the Fed wants to raise its benchmark rate to the neutral level.
“Fascist” these days is little more than a term of abuse for opponents and has no cognitive value, but in what follows I’ll be using it in a precise sense, to designate a supporter of the regime established by Benito Mussolini in Italy. Was Ludwig von Mises in this sense a Fascist or a Fascist sympathizer? The question on its face seems absurd, and so indeed I shall be arguing it is; Mises was a defender of the free market, liberty, and peaceful international relations, in contrast to the state-controlled economy and violence of the Italian dictator.
