The Fed’s Inflation Is behind the Supply Chain Mess
The idea that supply chain problems are “driving inflation” gets the causation backward. It’s money supply inflation that’s causing the supply chain problems, not the other way around.
Mises Wire
Where Does Social Order Come From? Not the State.
The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become.
The Tragedy of the Government’s Ban on Human Organ Sales
New tech shows some light at the end of the tunnel. But for decades, government bans on a market for human organs has condemned millions of people to early deaths and immense pain.
Why Mises Rejected Common Notions of “Progress”
"It is not true that the masses are always right … ‘Belief in the common man’ is no better founded than was belief in the supernatural gifts of kings, priests, and noblemen.”
Venezuelans Turn to Gold Nuggets as the Local Currency Implodes
In one region of Venezuela, gold flakes have become the currency of choice in the region, with prices for commodities and services quoted in grams of gold.
Three Reasons to Start Taking Secession Seriously
All polities come to an end sooner or later. The fanciful America-will-last-forever position is something that should seem plausible only to small children or the hopelessly naïve.
How Science So Often Devolves into Quick Fixes and Quackery
One mistake we make is to assume that the people who shout the loudest about their research must thus be right, or even know what they’re talking about.
Will Price Controls Make a Comeback?
Price controls, or antigouging laws, discourage innovation and sometimes can lead to supplies of goods and services being directed to other markets. In other words, price controls lead to shortages.
Why the Fed’s 2 Percent Inflation Standard Is So Bad
The world of the 2 percent target is something truly new and worse than what came before. It’s not the same old monetary policy with slightly higher inflation targets.
Three Ways Government Spending Is Ripping Us Off
Whether through taxes, debt, or inflation, government spending is about ripping off the productive taxpayers. Argentina's inflation and runaway deficits provide a cautionary tale.
