Power & Market

It's less and less convincing when the Fed claims it acts “solely to fulfill our congressionally mandated goals of maximum employment and price stability." 

Henry Grady Weaver’s The Mainspring of Human Progress drew out how poverty was almost everyone’s fate throughout world history until the evolution of capitalism made civilization possible.

 The Cold War ideologue James Burnham switched sides after World War II, supporting an imperialist policy he analyzed critically when he was a Trotskyist.

Listen to the Audio Mises Wire version of this article.

As FDR’s gold crackdown showed, tyrants know the importance of controlling money in a time of crisis. It appears cryptocurrency could be central banks' next target. 

Jonathan Culbreath thinks conservatives should embrace MMT. He's wrong---nobody should.

The interest income society pays is just one cost of having a central bank. But what of the actual operating expenses? What are the “brick and mortar” costs of running the Fed?

The notion of “Auditing the Fed’’ has been around for awhile. Technically, the Federal Reserve is audited.

Bureaucracies always benefit from political hysterias. A big one today is that police forces are being infiltrated by white supremacists.

Toshio Murata, a leading Japanese student of Mises, has died at the age of 97.