Mises Wire

During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.

Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.

Economic libertarianism, with its sole focus on government budgets and taxation, is a highly limiting political strategy. Libertarians should proceed as enemies of the state.

Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss.

Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.

The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.

The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.

Not since 1981 has the inflation rate been higher than May's rate of 8.6%. Meanwhile, the Fed's idea of "quantitative tightening" is cutting its portfolio 0.5% over eight months. 

The specter of stagflation is with us again despite Keynesians' claims that a new bout of inflation will lower unemployment. What causes it?

The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.