Mises Wire

Powell Is the New Arthur Burns, Not the New Paul Volcker

U.S. History

Blog32 min ago

With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns who did nothing to end 1970s inflation. 

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War Spending Gives MMTers and the Left a Strong Talking Point

Economic PolicyWar and Foreign Policy

Blog6 hours ago

When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.

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Who Really Makes US Foreign Policy? Who Benefits and Who Loses?

War and Foreign Policy

Blog06/29/2022

US foreign policy is a morass of lobbying, payouts, decisions, and power plays that violates the standards this country claims to promote.

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The Great Reset in Action: Ending Freedom of the Press, Speech, and Expression

LiberalismProgressivism

Blog06/29/2022

Governments never have respected rights of free speech. Today, they restrict freedom of speech and of the press and promote falsehoods in the name of "protecting truth."

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What Will It Take to End Rampant Home-Price Inflation?

U.S. History

Blog06/28/2022

Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008

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How Bad Were Recessions before the Fed? Not as Bad as They Are Now

Booms and BustsThe FedInflationBusiness Cycles

Blog06/28/2022

The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.

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Economic Winter Has Arrived

The FedInflationU.S. EconomyBusiness Cycles

Blog06/28/2022

The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession.

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Contra Ben Bernanke, the Gold Standard Promotes Economic Stability

Booms and BustsThe FedInflation

Blog06/27/2022

Ben Bernanke once claimed that a monetary gold standard caused economic instability. He failed to mention that his fiat money standard causes the boom-and-bust cycles.

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