Mises Wire

Russian oligarchs, American pols, and state-connected billionaires are all cut from the same cloth: they didn't earn, or fully earn, their wealth and position in society. We must withdraw our sanction of these people.

The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.

Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves.

The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation.

The Biden administration in its desire to "save" the planet from climate change has decided to destroy one of this country's most productive and important industries in the process, putting the US economy itself in jeopardy.

From globalization to sanctions, to international institutions like the UN, the US is leading a small global fragment that's little more than NATO and a handful of friends. Meanwhile, two-thirds of the global economy isn't signing on.

It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.

Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.

Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.

Do the low inflation rates mean that the purchasing power of Japanese and Swiss citizens has increased relative to other countries over time? The answer seems to be no.