Power & Market

The Federal Reserve has what the New York Times called its “biggest shindig” of the year at Jackson Hole, Wyoming next week. What mischief are they up to?

In this article, Puster, Hülsmann, and Hoppe explain the reasons for their resignation from the Scientific Advisory Board of the Ludwig von Mises Institute Germany.

The notion that transparency fosters trust fails to account for the indispensable role of privacy. Privacy is not merely a personal preference—it is the guarantor of fungibility.

The US and its Western allies may scoff at this challenge, but it only became possible due to high-handedness (to use the kindest word imaginable) and outright illegality of US actions.

In both cases, the use of nationalism and patriotism by Brazilian governments reveals a recurring strategy: appealing to national pride to divert attention from self-inflicted crises.

Even in Las Vegas—known for inexpensive fun, food, and gambling—hotel occupancy is 67 percent, visitor traffic is down 6.5 percent from a year ago and 7.4 percent from 2019.

Even if fighting words—i.e., racial slurs—constitute a type of “advocacy” to start a fight, they are not a real crime, and no one should face and legal sanctions for the use of mere words.

People dislike inflation, and with good cause. However, we should not use price inflation as a cudgel to beat up our political opponents.

The rise of the internet has replaced manual labor with brain work─which pays way more. And Donald Trump wants to go backwards. That way, more Americans can stand in front of a machine all day.

While it will not shock readers of mises.org, we need frequent reminders that political elites lie and are perhaps even more incentivized to lie to maintain power.