Mises Wire

The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.

Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.

The Fed is losing a lot of money. The Fed's  stated plan is to monetize these losses and still report a positive capital and surplus position through the use of “creative accounting.”

One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.

Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences. 

Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.

The Mauritius government still denies Chagossians independence, continuing colonial policies.

Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

Juneteenth is an example of a fiat holiday, imposed upon the nation by an imperial city to promote a specific cultural agenda.