Mises Wire

The Fed Is Winging It: A 75 Basis Point Hike "Seemed like the Right Thing"

Money and Banking

Blog06/15/2022

When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there."

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Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is

Central BanksThe FedInflationGold StandardInterventionism

Blog06/15/2022

Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.

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No, It's Not "Greed" or "Price Gouging" That's Driving up Gas Prices

Blog06/15/2022

By late 2021, fueled by trillions in newly printed money, gasoline prices had surged to ten-year highs. Now, even in inflation-adjusted terms, gasoline prices are surging to new highs. 

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The Great Reset: Turning Back the Clock on Civilization

Anti-PoliticsEconomic PolicyProgressivismSocialismThe Police State

Blog06/15/2022

The so-called Great Reset is an attempt by wealthy elites and their allies to control people's lives. Their schemes need to be both exposed and resisted.

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On the Digital Future of Markets and Money

BitcoinCentral BanksInflationBusiness CyclesMonetary TheoryMoney and Banking

Blog06/14/2022

Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.

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California Scheming: The Progressive Leadership's New Plan to Impose High-Cost, Low-Quality Medical Care

Economic PolicySocialismTaxes and Spending

Blog06/14/2022

California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective.

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Slowing Money Supply Growth in 2022 Points to Recession

Money Supply

Blog06/13/2022

During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.

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The Inverted Yield Curve and Recession

Booms and BustsCapital and Interest Theory

Blog06/13/2022

Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.

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