Mises Wire

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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The Nilar: A Pan-African Gold Currency

Economic PolicyMoney and BanksStrategy

Blog09/13/2022

While African nations often are famous for corruption, poverty, and inflation, there is a way to bring dramatic changes to African economies: a gold-based currency.

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The Enclosure Movement and the Agricultural and Industrial Revolutions

The EntrepreneurFree MarketsWorld History

Blog09/12/2022

While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.

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