The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.
Mises Wire
Argentina and Brazil Look to Establish a Common Currency
Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.
It’s Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency
The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.
Ominous Parallels Reconsidered
Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.
More Recession Signs: Money Supply Growth Went Negative Again in December
The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality.
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.
The Chinese Communist Party Is Creating a Crackdown Economy
China has created a crackdown cycle that is hurting the entrepreneurial spirit.
The Fed Is Already Flashing Signs It’s Done Raising Rates
The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over.
“Stakeholder Capitalism” Is an Incoherent Term
One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.
Is the Japanese Low Inflation–Low Interest Rate Model at an End?
For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.
