Mises Wire

Who Owns Federal Reserve Losses and How Will they Impact Monetary Policy?

Money and Banking

The Fed is losing a lot of money. The Fed's  stated plan is to monetize these losses and still report a positive capital and surplus position through the use of “creative accounting.”

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Back to the Future: Progressives Imagine the Good Old Days of Price Controls

Economic PolicyInflationPrice ControlsProgressivism

Blog06/23/2022

Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.

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The Return of the Anguish of Central Banking: Why the Fed and Inflation Go Hand in Hand

Central BanksThe FedInflation

Blog06/23/2022

The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.

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Why Police Do Nothing While Kids Are Killed

Blog06/22/2022

Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences. 

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Is Google’s LaMDA Woke? Its Software Engineers Sure Are

Anti-PoliticsMedia and Culture

Blog06/22/2022

One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.

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US Household Saving Rate Vanishes, Credit Card Debt Soars

Money and Banks

Blog06/22/2022

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.

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Independence for Chagossians? Time to End Colonialist Policies

Anti-PoliticsDecentralization and SecessionDemocracy

Blog06/21/2022

The Mauritius government still denies Chagossians independence, continuing colonial policies.

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From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes

Booms and BustsThe FedInflation

Blog06/21/2022

Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.

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