The State: It’s Oligarchs All the Way Down
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.
Mises Wire
What Causes Exceptionally Low Inflation in Japan and Switzerland?
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.
The Fed Cannot Undo the Damage It Has Already Caused
The Fed's unprecedented monetary expansion has created damage that it cannot undo by switching directions.
Money Supply Growth Heads Back Up: February Growth Up to 7 Percent
During February 2022, year-over-year (YOY) growth in the money supply was at 7.1 percent. That's up from January's rate of 6.8 percent, and down from the February 2021 rate of 39.1 percent. Growth peaked in February 2021.
Commodities Do Not Cause Inflation. Money Printing Does.
Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.
Central Banks: Who Needs Them? No One
Central banks, and especially the Federal Reserve System, continue to churn up inflation and the boom-and-bust cycles—in the name of "stabilizing" the economy.
If Ukraine Joins the EU, It Will Be the Poorest Member by Far
Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.
Clarence Darrow vs. the State
“Force is wrong,” Darrow wrote. “A bayonet in the hand of one man is no better than in the hand of another. It is the bayonet that is evil.”
European Environmentalists Have Made Energy Independence Impossible
Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.
NATO: Our International Welfare Queens
The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting.
