Mises Wire

The Fed Now Wants Even More Inflation. The Old "2 Percent Target" Wasn't Enough.

InflationThe FedMonetary Policy

Blog09/02/2020

The most important insight of the Fed's move to increase its inflation target is this: central banks don't much like to follow "rules." They make the rules.

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Protectionism and "Weak Dollar" Trade Policy

InflationMonetary Policy

Those who advocate for a "weak dollar" to encourage trade with American firms show how little confidence there is in American industry. Meanwhile, cheapening the dollar punishes savers and ordinary workers.

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A Poor Understanding of Monetary Theory Leads to Disastrous Government Policies

Booms and BustsInflationTaxes and Spending

Blog08/22/2020

Since government creates nothing itself, all interventions are nothing more than transfers of wealth for the benefit of some and the destruction of wealth for everyone else.

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Why Americans Should Adopt the Sweden Model on Covid-19

Health

Blog08/15/2020

At best, lockdowns have deferred death for a short time, but the lockdowns cannot possibly be continued for the long term.

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Calculating GDP Correctly

Other Schools of Thought

Blog08/12/2020

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

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Why I Write

StrategyPolitical Theory

Blog08/11/2020

After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."

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Howard Buffett on Conscription and American Militarism

U.S. HistoryWar and Foreign Policy

"If [the draft bill] is passed, the House will be shoving down the throats of the American people the despotic concept of 'Theirs not to reason why; Theirs but to do and die.'"

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Trump Can Ensure a V-shaped Economic Recovery by Heeding the Lessons of 1921

Blog08/03/2020

Does Trump not realize that if people do not get back to work, there will be no recovery at all?

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