June 2022

Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices. Original Article: "Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand

The Alleged Superiority of the Income Tax Orthodox neoclassical economics has long maintained that, from the point of view of the taxed themselves, an income tax is "better than" an excise tax on a particular form of consumption, since, in addition

A familiar question in a standard microeconomics graduate seminar goes something like this: a Pigouvian tax is not market distorting. True or false? The expected answer: true. True? Any fiscal intervention being definitionally a distortion of how a given market would otherwise operate, how can

The recent school shootings have led many people to want to restrict or deny altogether our right to own guns, and in these troubled times, it is all the more essential to bear in mind the reasons for that right.

By late 2021, fueled by trillions in newly printed money, gasoline prices had surged to ten-year highs. Now, even in inflation-adjusted terms, gasoline prices are surging to new highs. Original Article: "No, It's Not "Greed" or "Price Gouging" That's Driving up

Many have read that there is a food crisis looming and there are significant concerns about grain shortages. The main reason for this possible crisis is the Ukraine invasion. However, this is not the full picture. Many countries around the world have a

Introduction Among Federal Reserve officials and many economists, it is fashionable to argue that any losses the Federal Reserve should suffer, no matter how large, will have no operational consequence. Is this true? If so, how does the Fed account for

The so-called Great Reset is an attempt by wealthy elites and their allies to control people's lives. Their schemes need to be both exposed and resisted. Original Article: "The Great Reset: Turning Back the Clock on Civilization" This Audio Mises Wire is

When the Bourbon dynasty was restored to power in France in the early 1800s after Napoleon’s abdication, the French statesman Charles-Maurice de Talleyrand famously said of that family: "They had learned nothing and forgotten nothing." In modern economic parlance, one can

California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective. Original Article: "California Scheming: The Progressive Leadership's New Plan to Impose High-Cost, Low-Quality Medical Care" This Audio