Mises Wire

The Fed's unprecedented monetary expansion has created damage that it cannot undo by switching directions.

During February 2022, year-over-year (YOY) growth in the money supply was at 7.1 percent. That's up from January's rate of 6.8 percent, and down from the February 2021 rate of 39.1 percent. Growth peaked in February 2021.

Central banks, and especially the Federal Reserve System, continue to churn up inflation and the boom-and-bust cycles—in the name of "stabilizing" the economy.

Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.

Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.

Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.

The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting. 

“Force is wrong,” Darrow wrote. “A bayonet in the hand of one man is no better than in the hand of another. It is the bayonet that is evil.”

Rothbard the historian explained so well how the true progressive goal was always to remake America domestically by promoting war.

For forty years, we have not compromised with the state nor those who promote it.