Mises Wire

Back to the Future: Progressives Imagine the Good Old Days of Price Controls

Economic PolicyInflationPrice ControlsProgressivism


Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.

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Bastiat Predicted the Baby Formula Crisis 170 Years before It Happened

Economic PolicyPrice ControlsProtectionism and Free Trade


Although Biden presented the formula shortage as caused by "forces" outside the USA, the shortage is homegrown. Bastiat could have explained why.

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Baby Formula: Thank Protectionists and the FDA for the Shortage

U.S. Economy


With the shortage have come the usual half-baked bromides about "evil corporations" and how they aren't regulated enough. The real fault lies with welfare statists, Trump-style protectionists, and the FDA. 

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Biden: Inflation Is Everybody’s Fault but Mine

Money and Banks


For the past six months, the regime has repeatedly used whatever bogeyman could be blamed for inflation—so long as the central bank remains blameless. First it was "greed," then it was covid, and now it is "Mr. Putin."

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Biden-in-Wonderland: A $15 Minimum Wage Will Not Increase Business Costs

InflationLabor and WagesUnemployment


In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs -- but boost wages. You do the math.

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Biden Admits That Sanctions Don't Work and They Make Us Poorer


The White House this week admitted sanctions don't work, but Biden thinks it's fine to shrug and say, "Sure, sanctions have failed, and are also causing food shortages, but that's just the price you little people gotta pay!"

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Bubble-Bust in Japan

Booms and Busts


The success of Japan after WWII was due entirely to low taxes, an appreciating currency, and a very high personal savings rate. That all changed when the bubble was born in the late 1980s.

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Biden's "Historic Growth" Is No Such Thing.


Real wages are going down. Debt is skyrocketing. The economy has only partly recovered from an economic disaster. This isn't the "historic growth" Joe Biden wants you to think it is.

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