Mises Wire

The Fed Is Finally Seeing the Magnitude of the Mess It Created

Money and Banks

Blog09/22/2022

The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with. 

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The Pandemic Is "Over," but the Feds Aren't Giving Up Their Emergency Powers

U.S. History

Blog09/21/2022

Joe Biden says the pandemic is over in an attempt to get a few more votes. But the administration certainly isn't acting like the "pandemic is over" in terms of actual policy.

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The Inflation Reduction Act: Another Unfair and Unjustified State Intervention

Cronyism and CorporatismInflationTaxes and Spending

Blog09/21/2022

One doubts that the so-called Inflation Reduction Act will reduce inflation. However, it will wreak havoc on the US economy with its lethal mix of taxes, regulations, subsidies, and outright crony capitalism.

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Three Cheers for Hoppe

AnarchyDemocracy

The long knives are out for Hans Hoppe again, but the accusations, this time in Mother Jones, miss the mark badly.

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The Truth about American Inequality

U.S. History

"Our welfare spending is probably the highest in the world. It is only “laissez-faire” in the sense that we have ... a very large charitable sector as well."

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The "Stunning Success" of the Green Revolution Is Yet Another Progressive Myth

Economic PolicyProgressivismSocialismWorld History

An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.

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The Fed's "Full Employment" Mandate Is a Mandate for Inflation

Money and Banks

Blog09/17/2022

Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.  

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The Fed Is Wrong to Make Policies Based upon the Phillips Curve

The FedInflationUnemployment

Blog09/15/2022

Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.

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