Mises Wire

The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

Booms and BustsThe FedBusiness Cycles

Blog02/04/2023

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

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The Fed Is Already Flashing Signs It's Done Raising Rates

Money and BanksU.S. History

Blog02/02/2023

The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over. 

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The End of Monetary Hedonism

The FedU.S. Economy

Blog01/31/2023

What happens to a society when spending is encouraged and saving is for chumps? 

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The State Uses Trauma as a Weapon against Innocent People

The Police State

Blog01/26/2023

In its unending quest for power, the state has no problem traumatizing the innocent.

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The New Rules of Engagement

Politics

Blog01/23/2023

All people of goodwill have an obligation to fight the escalation of politics in American life. 

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The Fed’s Quantitative Easing Gamble Costs Taxpayers Billions

Monetary PolicyMoney and BanksU.S. Economy

At current interest rates, the Fed’s operating losses will impact the federal budget for years, requiring new tax revenues to offset the continuing loss of billions of dollars in the Fed’s former remittances to the US Treasury.

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The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off

Money and BanksU.S. History

Blog01/20/2023

The difference between the trillion-dollar coin and the usual debt mechanism is simply the manner in which the taxpayers are exploited to pay for more government spending.

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