Mises Wire

The Federal Reserve is Running Losses. Does This Cost Anyone Anything?

The FedMonetary PolicyU.S. Economy


The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?

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The Interest Rate Shock Will Blow Up the Government’s Ponzi Game

Booms and BustsThe FedFinancial MarketsU.S. Economy


As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.

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The Current US Economic Situation from an Austrian Viewpoint

Booms and BustsBusiness CyclesMoney Supply


Forget the New York Times and other publications that cheerlead for the current regime. Austrian economics spells out the consequences for reckless monetary policies, and those consequences are unavoidable.

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Turkey Is Sustaining Major Inflation. Something Has to Give

Economic PolicyInflationMonetary PolicyWorld History


Inflation in Turkey today is officially running close to 70 percent, but the Turkish economy seems to be booming. Inflationary booms, however, cannot be sustained.

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The Specter of Hyperinflation Looms over the Economy

The FedInflationMonetary PolicyU.S. Economy


While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future.

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The Cato Institute’s Belated, Squishy Stance on the Latest Middle East Crisis

War and Foreign Policy

From Ukraine to the Middle East, some libertarians have found ways to pick sides and cheer on escalations of bloody conflicts.
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The Dollar See-Saws between Two Views on Fiscal Explosion

Big GovernmentEconomic PolicyTaxes and SpendingU.S. Economy


As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long.

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The Dangers of a "Cashless" Economy

Big GovernmentMonetary PolicyProgressivismU.S. Economy


While the ruling elites and the Federal Reserve try to sell digital money as “modern” and “convenient,” it poses threats to financial privacy and civil liberties.

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