Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed
June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.
Mises Wire
Turns Out the Elites Like the Administrative State Better than Democracy
The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.
The Industrial Revolution and the West Indies: Did the Colonies Spark Progress in the Metropole?
The West Indies played a vital role in growing the British economy in the eighteenth century.
Money Supply Growth Fell Again in May as More Recession Alarms Ring
During May 2022, year-over-year (YOY) growth in the money supply was at 6.97 percent. That's down from April's rate of 7.25 percent, and down from May 2021's rate of 15.4 percent. The growth rate peaked in February 2021 at 23.12 percent.
More than Sixty Years after “Liberation,” Cuba Is a Communist Slave State
More than sixty years after being "liberated" by Fidel Castro and communism, Cuba has become a large slave state where people enjoy little freedom.
How Much Did the US Government Pressure Twitter to Ban Alex Berenson?
The American people deserve to know who is trying to shut them up … and why.
Is the Constitution a Centralizing or Decentralizing Document?
People often speak of the Constitution with reverence, as though it were infallible. However, the Constitution was a centralizing document that cast aside the decentralization of the Articles of Confederation.
Nine Ways Debt and Deficit Spending Severely Harm African Societies
Keynesian economics is a scourge to any nation that tries it, and African countries are no exception.
Inflation IS Money Supply Growth, Not Prices Denominated in Money
A common error in economics is to label increases price increases inflation. Inflation actually is an increase in the money supply, and that increase leads ultimately to price hikes.
The Myth behind the Federal Power to Strike Down State Laws
Why do Americans believe that state and local laws are subject to veto by federal policy makers but the federal government is to be the sole judge of its own laws? Federal elites want it that way.
