Mises Wire

The Fed’s New Policy Risks a Return of the 1970s

The FedMonetary PolicyU.S. History

Blog09/10/2020

The Fed has abandoned its own rules on "price stability" in order to favor what are essentially higher inflation targets. The Fed is now headed down a road it traveled in the 1970s.

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The Fed Promises More Dollar Destruction

InflationThe FedMonetary Policy

Blog09/10/2020

A zero interest rate policy, unlimited asset buying, Wall Street bailouts, etc. This is a never-ending monetary accommodation that leaves you asking: What else will the Fed do after inflation averaging?

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The Evidence Keeps Piling up: Lockdowns Don’t Work

Health

Blog09/09/2020

Extraordinary measures require extraordinary evidence. Have the advocates for lockdowns made their case? The data suggests they have not.

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The Welfare State Did What Slavery Couldn't Do

PovertySocialismU.S. History

Blog09/09/2020

Thomas Sowell concluded that “A vastly expanded welfare state in the 1960s destroyed the black family, which had survived centuries of slavery and generations of racial oppression.”

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The EU's Drive toward Political Centralization Will Doom Its Economy

Big GovernmentDecentralization and SecessionWorld History

Europe needs more than ever the principles that made it successful: decentralization, free trade, and sound markets.

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The Collapsing Universities—and What We Can Do about It

EducationHealth

It is sad that the contemporary American university has sunk so low from the heights of medieval Oxford, Cambridge, Paris, and Salamanca. Fortunately, private alternatives are still available.

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The Fed's Latest Lie: It Can Make Everything Go Back to Normal

Booms and BustsInflationThe Fed

Blog09/03/2020

The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes.

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The Failures of Federal Race-Based Paternalism

ProgressivismU.S. History

Blog09/03/2020

While the Left believes itself to be the friend of the downtrodden, the fact is that the Left supports policies that hinder countless Americans of all backgrounds in attaining economic success for themselves and their families. 

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