Mises Wire

Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed

Money and Banks


June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.

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Is the Constitution a Centralizing or Decentralizing Document?

Decentralization and SecessionU.S. History


People often speak of the Constitution with reverence, as though it were infallible. However, the Constitution was a centralizing document that cast aside the decentralization of the Articles of Confederation.

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Inflation IS Money Supply Growth, Not Prices Denominated in Money

The FedInflation


A common error in economics is to label increases price increases inflation. Inflation actually is an increase in the money supply, and that increase leads ultimately to price hikes.

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

AntipoliticsMedia and Culture


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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Independence for Chagossians? Time to End Colonialist Policies

AntipoliticsDecentralization and SecessionDemocracy


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

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In Defense of Defaulting on the National Debt

Cronyism and CorporatismThe FedU.S. Economy


Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

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Interest Rates Are Rising, but the Fed Continues to Be Reckless

Booms and BustsThe FedInflation


The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.

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Instead of Uniting the World, Globalization Has Set Nation against Nation

AntipoliticsCronyism and CorporatismProtectionism and Free TradeWar and Foreign Policy


The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire.

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