Tax Cuts Do Not Cause Inflation. Printing Does.
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.
Mises Wire
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent
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.
The “Barbarous Relic” Helped Enable a World More Civilized than Today’s
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.
Mises’s Critiques of Social Darwinism and of the Concept of Class Struggle
Progressives claim that capitalism is a form of "social Darwinism." Mises knew better.
Central Banks: Profligacy in Lockstep
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.
The G7 Cap on Russian Oil Is a Subsidy to China
Beijing must be very happy. Thanks to the "price cap," the Asian giant will secure a long-term supply at al attractive price from Russia and sell refined products globally at higher margins.
The World Needs More Energy and Less Energy Regulation
Energy production in the USA and elsewhere is in trouble because of government control. We need more energy and less regulation.
The Corporate Fairy Tale Is Dying as Economic Reality Sets In
For nearly two decades, business, academic, and political elites have spread the fiction that central banks can engineer prosperity by printing more money. Markets now are discrediting that fairy tale.
Teaching Critical Race Theory Isn’t Education; It’s Indoctrination
The more we understand critical race theory, the more we understand that it is not compatible with a free society.
Digital Currency: The Fed Moves toward Monetary Totalitarianism
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.
