Mises Wire

The US Government Is On Track to Top Last Year's Record-Breaking Deficits

Taxes and Spending

Blog1 hour ago

The deficit for the year is pushing $2 trillion. And we still have five months to go until the end of the fiscal year. Only during World War II were the deficits so huge in relation to GDP. Meanwhile, the Fed continues to print money to buy more Federal debt.

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There's No Reprieve in Sight from the "Monetary Repression Tax"

Money and Banking

Blog9 hours ago

There is nothing new in a fiat-money central bank imposing an effective tax on the public’s holdings of government debt by manipulating interest rates. But few thought it could go on this long. 

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The Dystopian Future in Which Almost No One Owns a Car

Bureaucracy and Regulation

Blog05/13/2021

Some advocates of self-driving cars argue that their adoption would mean that very few people would actually own a vehicle anymore. We'd all just rent rides on self-driving Uber cars. This would be a dream come true for advocates of lockdowns and stay-at-home orders. 

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The Media Wants You to Trust Washington Again Now That Trump Is Gone

Media and Culture

Blog05/12/2021

Perhaps reporter Michelle Kosinski is unaware that the Trump-era secrecy she denounced flourished mightily thanks to the beloved Obama administration. Kosinski’s mindset also helps explain why Americans' trust in the media has collapsed.

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The Corrupt Bargain and the Preservation of Slavery

Blog05/10/2021

Slavery was driven into the heart of the new constitution: in the three-fifths clause, in the protection of slave importation for twenty years, in the fugitive slave clause, and even in the congressional power to suppress insurrections within the states.

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The Fed Embraces Its Inner Zimbabwean

Money and Banks

Blog05/06/2021

With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe's playbook.

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Three Reasons Why the Biden Tax Increase Makes No Sense

Taxes and Spending

Blog05/06/2021

Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.

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The Ruling Class Only Cares about Democracy When It Helps Them

Blog05/04/2021

Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections. 

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