Mises Wire

The Corrupt Bargain and the Preservation of Slavery

Blog7 hours ago

Slavery was now driven into the heart of the new constitution: in the three-fifths clause, in the protection of slave importation for twenty years, in the fugitive slave clause, and even in the congressional power to suppress insurrections within the states.

Read More

The Fed Embraces Its Inner Zimbabwean

Money and Banks

Blog05/06/2021

With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe's playbook.

Read More

Three Reasons Why the Biden Tax Increase Makes No Sense

Taxes and Spending

Blog05/06/2021

Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.

Read More

The Ruling Class Only Cares about Democracy When It Helps Them

Blog05/04/2021

Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections. 

Read More

The "Miracle Recovery" Narrative: We'll Just Print Our Way to Prosperity

Booms and Busts

Blog05/03/2021

With a new round of panic-induced lockdowns, the situation in Europe is one closely resembling a state of national emergency. Yet the official narrative tells us the European economy is robust and flourishing. Time for a reality check.

Read More

The Dark Side of Yield Curve Control Policy

Money and Banking

Blog05/03/2021

The interest control policy is ultimately an admission of “fiscal dominance.” That is, it is increasingly difficult to deny that the state's budget situation is what dictates monetary policy. Now, monetary policy must first serve the interests of the regime itself. 

Read More

The American Rescue Plan: Limits of the Highly Visible

Booms and BustsCronyism and CorporatismEconomic Policy

Blog05/01/2021

In the long run, economic stimulus creates no shortage of losers. The state’s objective is always to extract as many eggs from the golden goose as possible, only now it's not important to keep the goose alive.

Read More

The Fundamental Economic Problem with Biden's Rescue Plan

Political TheoryValue and Exchange

Blog04/30/2021

Do huge wealth redistribution schemes like Biden's new plan actually make people better off? Some people will get a net benefit. How how numerous are they? How many millions will take a net loss? The government has no idea.

Read More
Shield icon wire