Mises Wire

While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement.

After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.

The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon.

While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital.

The Europeans are welcome to keep NATO going if they like. But the time has come for the United States to exit.

Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.

Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.

Trying to interpret the actions of Vladimir Putin or politics in Russia using Western narratives is likely to end in failure.

The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.

Janet Yellen, who once was the nation's chief inflationist, now says that poor women need easy access to abortion because inflation might work a hardship on them.