Mises Wire

Thanks, Fed Economists: Inflation Surges Yet Again as Real Wages Drop

Blog06/10/2022

Not since 1981 has the inflation rate been higher than May's rate of 8.6%. Meanwhile, the Fed's idea of "quantitative tightening" is cutting its portfolio 0.5% over eight months. 

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Interest Rates Are Rising, but the Fed Continues to Be Reckless

Booms and BustsThe FedInflation

Blog06/10/2022

The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.

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Are Technology Shocks Responsible for Business Cycles? In a Word, No.

Booms and BustsEconomic Policy

Blog06/10/2022

The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.

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Why Progressives Love Government "Experts"

U.S. History

Blog06/09/2022

Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe. 

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The Fair Tax Is the Tax That Will Not Die

Economic PolicyTaxes and Spending

Blog06/09/2022

The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.

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What Is Stagflation and What Causes It?

Central BanksInflationUnemployment

Blog06/09/2022

The specter of stagflation is with us again despite Keynesians' claims that a new bout of inflation will lower unemployment. What causes it?

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Rothbard vs. the Religion of Progressivism

History of the Austrian School of EconomicsInterventionism

Blog06/09/2022

Not only must the war against progressivism be fought with a religious fervor, but it must also be, in Rothbard’s words, “openly and gloriously reactionary.”

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Will Punch-Drunk Biden Take America Down with Him?

Anti-PoliticsBureaucracy and RegulationEconomic Policy

Blog06/08/2022

Inflation is at a forty-year high, fuel prices are wreaking havoc, and there's no end in sight. Time for Biden to tell us how good we have it.

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