Mises Wire

Patents, Legal Monopolies, and the High Prices for Drugs

Bureaucracy and RegulationPrice ControlsPrices


While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

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Price Inflation Hit a New 40-Year High in February. No, It's Not "Putin's Fault."


The Democrats—since they are assumed to be “in power”—will need some sort of scapegoat for inflation, since it is increasingly eating into Americans’ earnings. So now they're blaming the Russians for what the central bank has done. 

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Progressive Governance Needs a Social Credit State

Big GovernmentLawThe Police State


While condemning China's social credit system, American, Canadian, and European progressives are becoming dependent on social credit systems to expand their political and governing power.

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Price Inflation Is at the Highest Level since 1982. What Will the Fed Do?

World History


Yet again, earnings aren't keeping up with inflation, and the Fed is feeling political pressure. But can the economy survive any serious move toward ending massive stimulus? 

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Price Deflation and the Horrors of Falling TV Prices

Money and Banks


Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.

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Poland's Beef with the EU Shows the Dangers of Political Centralization

Decentralization and SecessionGlobal EconomyWar and Foreign Policy


The more the EU micromanages Polish internal affairs and punishes Poland for the simple act of exercising self-determination, more the benefits of leaving the bloc altogether will continue to increase.

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Price Inflation Hits a 31-Year High as Janet Yellen Insists It's No Big Deal

U.S. Economy


Real wages fell in October as consumer prices, producer prices, and home prices all surge toward multidecade highs. But Janet Yellen isn't concerned. She says the Fed won't allow anything bad to happen.

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Pope Francis Blames Capitalism for World Hunger, Yet Again


Francis should note that the move toward freer markets, in India and China especially, resulted in the huge reduction in extreme poverty we have witnessed over the last few decades.

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