Mises Wire

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.

Some inflation hawks are beginning to speak up at the Fed. But will they be enough to put the brakes on the current easy-money experiment?

Increasing the money supply leads to many negative effects that are not measured as price inflation in measures like the CPI.

All of this has happened before, and all of this will happen again.

It is often argued that democracy replaces violent political changes with peaceful ones, but this is not quite as convincing as we are told.

Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.

The Homestead Acts are often held up as proof of how wise and prudent the federal government can be. The actual history of the Acts is less impressive.

With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.

Regulation makes many firms larger and more bureaucratic than they would otherwise be.