Mises Wire

The Usual Suspects Are Pushing War with Russia

World History

Blog6 hours ago

The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic.

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Why Fighting Inflation Is Not a Priority for the Fed

Money and Banks

Blog11 hours ago

"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."

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Understanding the Rothbardian Critique of Free Banking

Money and Banks

Does free banking encourage fraud by tolerating fractional reserves? Here's a summary of the debate.

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Can State Power Cancel Economic Law?

Bureaucracy and Regulation

As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.

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Washington Still Won't Admit the Real Cause of Price Inflation

Majority Rule

Blog01/27/2022

If a politician has no clue about what causes price inflation, she probably isn't going to have any idea about how to fix the problem.

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Why Price Deflation Is Always Good News

Money and Banks

Blog01/27/2022

A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.

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The Fed Has No Real Plan, and Will Likely Soon Chicken Out on Rate Hikes

Blog01/26/2022

Powell repeatedly emphasized that the Fed must remain flexible about monetary tightening. Translation: we don't know what's happening and we're likely to reverse course at any time.

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Will the Fed Pop the Everything Bubble?

Blog01/26/2022

The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. But any tightening is likely to trigger a recession.

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