Mises Wire

Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.

Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.

The relative lack of inflation in Japan doesn't mean real wages haven't fallen.

After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.

The end of Roe may force many Americans to recognize that the United States is not one place. It is many places. The key is to reject uniform federal policy. 

Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.

Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.

Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.

Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.

With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation.