Mises Wire

The Fed Gets It Wrong on Money Velocity, Too

The FedInflationMonetary Theory

Blog05/04/2022

Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.

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Proliferation Isn't the Problem. Legacy Nuclear Powers Again Threaten the Globe.

War and Foreign Policy

Blog05/03/2022

Here we are in 2022, worrying about if the world's oldest nuclear powers will be the ones to touch off a global nuclear war. It's not Pakistan or North Korea or "proliferation." It's Washington and Moscow, yet again. 

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Price Indexes Aren't Accurate Measures of Inflation

Central BanksThe FedInflationPrices

Blog05/03/2022

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

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No, It's Not the Putin Price Hike, No Matter What Joe Biden Claims

The FedInflationPrice Controls

Blog05/02/2022

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

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Disney's Special District Is Not a "City-State" or "Private City"

U.S. Economy

Blog05/02/2022

One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality.  

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Roots of Our Current Inflation: A Deeply Flawed Monetary System

Central BanksThe FedInflationBusiness CyclesMoney and BankingMoney Supply

Blog05/02/2022

It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

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A Tribute to Prof. George Ayittey, One of Africa’s Greatest Economists

Free MarketsSocialism

Blog04/30/2022

The passing of Professor George Ayittey stills a powerful voice for free markets in Africa.

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Delusion Reigns at the Eccles Building

The FedInflationUnemployment

While the Fed governors claim "all is well" and that inflation is "transitory," the bad news continues to pile up. Inflation will be with us for a long time.

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