After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime . That may be true, but let it not be said that Americans don’t feel very, very strongly about their own national pension program. I say this because in response
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in sixteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.4 percent year over year in
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 311,000 jobs (seasonally adjusted) in February, which was nearly 100,000 jobs above expectations . The unemployment rate rose slightly from 3.4 percent to 3.6 percent (month over month) but this partly
In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February . Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over month, which was above the expected increase of 210,000. That might sound great to some, but a closer look suggests jobs growth is quite a bit more sedate than
Listen to the Audio Mises Wire version of this article. We’ve entered a new era of politics and government in America, and the Left is pretty happy about it. This week, for example, The Guardian announced, “ Biden’s $1.9tn Covid Relief Bill Marks an End to Four Decades of Reaganism .” From this point of view, “Reaganism” is code for extreme
In 2021, it’s clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From ”stimulus checks” to “paycheck protection,” it’s assumed an entire national workforce can be propped up by federal spending. Moreover, in the
Money supply growth rose for the third month in a row in February, continuing ongoing growth from October’s twenty-one-month low. Even with February’s rise, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During thirteen months between April 2020 and April 2021, money supply
One of the stranger narratives coming out of the controversy over Disney’s “special district” in Florida is the notion that Disney’s Florida property is some sort of truly independent self-governing entity operating without government oversight. Most claims in this regard wildly overestimate the degree to which Disney enjoys self-governance. Some
For parents who rely on baby formula—whether by choice or due to medical necessity—the nationwide baby formula shortage has become increasingly difficult to ignore. According to the Wall Street Journal , Walgreens, Target, CVS, and Kroger have all begun rationing supplies of formula. Covid lockdowns, combined with a product recall by formula
In September 2008, the worsening global financial crisis hit a new phase when Lehman Brothers collapsed and it became undeniable that “hard times” had arrived for most ordinary people. By then, the unemployment rate had been climbing for months, foreclosures had skyrocketed, and the yield curve had been inverted through much of 2006 and 2007.
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.