Mises Wire

The knowledge of government planners is much overrated. Instead, we must "trust no man beyond his infinitesimal area of competence; hold him to the very little he knows."

The career of Philip Cortney, a friend of Mises and Hazlitt, provides some interesting insight into the first generation of the American Austrian school.

We're told they're hawks now, but the Fed is still thinking the way it has thought for the entirety of the twelve years since 2009, when today’s QE experiment began.

Conservatism is allegedly grounded in a recognition of the natural limits of humanity. But when it comes to free trade, conservatives throw all that out the window. 

If you believe in Austrian economics, freedom, and peace, join the Mises Institute in our crusade against statism in all its many forms.

The classical gold standard brought the rise of central banks and state-imposed monetary "standardization."  This set the stage for later monetary disasters. 

Fauci-funded and Fauci-supported "AIDS research" consisted of running medical experiments on children, among other horrors. Through it all, Fauci profited handsomely with his many "partners" in Big Pharma.

"Science" is now indistinguishable from politics. As the "acid rain" hysteria showed back in the 1970s and 1980s, "follow the science" is just a political slogan, unrelated to actual science.

The Fed may slow or eliminate new bond purchases but is not planning to sell. Meanwhile, producer prices have skyrocketed and Americans are consuming more but producing less. Get ready for entrenched price inflation.

Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.