Mises Wire

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.

In the name of "protecting workers," progressive legislators put people out of work. For their own good, of course.

Cutting taxes does not add units of currency to the economy. It is the same quantity of currency only a bit more in the pocket of those who earned it.

It's odd for Joe Biden to celebrate an inflation report that still has price inflation growth over 7 percent, especially when real wages are falling and a recession looks more likely every hour. 

While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.

Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings.

The world's central banks ran up their risk, all together, and now the big risks they assumed are turning into losses all around the central bank club.

Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.

John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.