And So It Begins: Digital Currency Becomes Possible in our Future
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.
Mises Wire
Economic Growth Requires Savings, Not Money Pumping
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings.
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.
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.
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.
Why Investors Are Obsessed with the Fed “Pivot”
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas.
