Decentralization, Freedom, and Peace Are the Pillars of a Free Society
As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.
Mises Wire
The Fed’s Powell Admits “I Don’t Know What We’ll Do” in 2023
The Fed is winging it, but most on the FOMC believe only two more rate hikes are in the works, and then it's back to flooding the market with easy money.
Father Time versus Central Bankers
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.
Capitalism Does Not Create Social Inequality
Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.
Leviathan Devours Free Range Entrepreneurs
In the name of "protecting workers," progressive legislators put people out of work. For their own good, of course.
Real Wage Growth Falls for the Twentieth Month as Biden Celebrates 7 Percent Inflation
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.
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.
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.
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.
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.
