Mises Wire

Political Upheaval Is Not Threatening “Our Democracy.” Our Democracy Is.

Democracy

Blog04/14/2022

The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.

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Putnam on Objective Ethics in Economics

Economic FreedomLiberalismSubjectivism

Blog04/08/2022

While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.

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Putin's Inflation? Homegrown Modern Monetary Theory Is to Blame

Central BanksThe FedMacroeconomicsMonetary Theory

Blog04/04/2022

Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.

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Patents, Legal Monopolies, and the High Prices for Drugs

Bureaucracy and RegulationPrice ControlsPrices

Blog03/17/2022

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

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Price Inflation Hit a New 40-Year High in February. No, It's Not "Putin's Fault."

Blog03/12/2022

The Democrats—since they are assumed to be “in power”—will need some sort of scapegoat for inflation, since it is increasingly eating into Americans’ earnings. So now they're blaming the Russians for what the central bank has done. 

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Progressive Governance Needs a Social Credit State

Big GovernmentLawThe Police State

Blog03/02/2022

While condemning China's social credit system, American, Canadian, and European progressives are becoming dependent on social credit systems to expand their political and governing power.

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Price Inflation Is at the Highest Level since 1982. What Will the Fed Do?

World History

Blog01/12/2022

Yet again, earnings aren't keeping up with inflation, and the Fed is feeling political pressure. But can the economy survive any serious move toward ending massive stimulus? 

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