Mises Wire

“Rather than try to create a universe like Facebook, I said, ‘Why don’t we go in and buy the parcels of land in these metaverses, and then we can become the landlords?’”

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.

I was astounded at how many despots the World Bank was propping up. Bankrolling tyrants is the equivalent of a Fugitive Slave Act for an entire nation, preventing a mass escape of political victims.

The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO.

Regulatory powers have enabled government agencies to push vaccine mandates in new ways. But the welfare state also offers many ways to "encourage" compliance from nearly everyone. 

A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality.

I don't know how much vaccine mandates have played a role in the massive exodus from the workforce, but I do know it's important to consider the possibility that the two are correlated. 

During November, average hourly earnings increased 4.8 percent, year over year. But with inflation at 6.9 percent, earnings aren’t keeping up. Meanwhile, the Fed will do little for fear of spooking Wall Street.

Easy-money advocates who look to Japan as the model have not understood the fundamental reasons why inflation in Japan remained feeble during three decades of dismal economic performance.

Turgot understood primitive modes of social organization are able to support much smaller numbers of people. If population increased, an egalitarian primitive society would be unable to cope with the added burden.