Mises Wire

Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.

Here we are in 2022, worrying about if the world's oldest nuclear powers will be the ones to touch off a global nuclear war. It's not Pakistan or North Korea or "proliferation." It's Washington and Moscow, yet again. 

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality.  

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

The passing of Professor George Ayittey stills a powerful voice for free markets in Africa.

While the Fed governors claim "all is well" and that inflation is "transitory," the bad news continues to pile up. Inflation will be with us for a long time.

Much of what we might call monopoly capitalism (or crony capitalism) can be tied to intellectual property laws.

The typical mainstream economic view of interest rates ignores an important factor: individual time preferences.