Mises Wire

Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is defined by its function as a medium of exchange.

While US politicians are presenting policy prescriptions to make life more affordable, none of them are proposing what really would end this crisis: free markets.

Politicians now are campaigning on “affordability,” but their idea of making things in life more “affordable” consists of numerous interventions into free markets that ultimately make things more costly.

 The money supply has accelerated over the past three months and is now at the highest rate of growth seen in 40 months—since July of 2022.

If Europe wants to excel at tech and innovation, it needs to stop throttling the marketplace with regulations and taxes. Nor should Europe copy the China model of subsidies and corporate welfare.

As leftist politicians claim they will make life more “affordable” by imposing costly government intervention into the markets, others vote with their feet, moving to places with less intervention and more economic sanity.

As the US economy slowly implodes, the government causing the implosion is not done with its economic destruction. The Federal Reserve remains the engine of inflation, while tariffs and other interventions help to finish the job.

Marion Millar has been charged in Scotland with the crime of “malicious communication” due to tweets criticizing gender self-identification. 

The Mexican-War resulted in more territory for the new American empire, but the US government started it under false pretenses. A young US soldier—Ulysses Grant—knew better.

We are living through a historical monetary change. The first nation to adopt sound money and fiscal policies will win. The rest will lose.