China Enters the Doom Loop
China's authoritarian gerontocracy has built a Doom Loop with Chinese characteristics, with over half the economy now crashing.
Mises Wire
Monetary Inflation Won’t Create Economic Growth
David Hume, Adam Smith, and Étienne de Condillac observed that money is neither a consumers' good nor a producers' good and that, therefore, its quantity is irrelevant for the wealth of a nation.
Inflation Is a Giant “Skim” on the American People
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.
Thanks to Government, Maui’s Lahaina Fire Became a Deadly Conflagration
While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it.
Family Flourishing and State Denigration
As family life descends into crisis in the USA, many conservatives call for state intervention to “fix” things. It’s state intervention that created the problems in the first place.
Golf Merger Is Opposed by Congress. This Is Misguided
Members of Congress claim to be "concerned" over the proposed merger between LIV Golf and the PGA Tour. They should be supporting it or, even better, backing off completely.
Eurodollars as a Fractional Reserve Market
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.
The European Energy Crisis May Be Back Soon
The European Union should have abandoned ideological decisions and allowed technology, competition, and industry to provide the optimal solution that delivers a competitive and secure supply of energy.
Thatcher’s New Style of Government
The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings.
The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway.
The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill.
