Mises Wire

Putin's Inflation? Homegrown Modern Monetary Theory Is to Blame

Central BanksThe FedMacroeconomicsMonetary Theory


Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.

Read More

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.

Read More

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. 

Read More

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.

Read More

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? 

Read More

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.

Read More

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.

Read More

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.

Read More