June 2022

(The following text is a revised update of an article that was first published in 2005.) The recent outbreak of price inflation with the jump to an annual rate of 8.6 percent in May 2022 came as a surprise to the

Year-over-year PPI growth came in at over 10 percent for the sixth month in a row. This will put more pressure on the Fed to "do something."  Original Article: "Wholesale Prices Rise More than 10 Percent, Pointing to Continued Price Hikes" This Audio Mises

Here is an often-used tactic employed to defend government police organizations from criticism. Whenever critics point out police incompetence of abuse, defenders counter with: "The next time you need help, call a crack head!" This same phrase was used by

An article in the Washington Post revealed that a Google engineer who had worked with Google’s Responsible AI organization believes that Google’s LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator, is “sentient.” In a Medium blog post, Blake

Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions. Original Article: "Market Success Is about Giving People What They Want" This Audio Mises Wire is

The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the challenges that the economy faces. This apparently strong figure is supporting an average consensus estimate for the second-quarter

Ryan McMaken and Zachary Yost examine some reasons why early Americans hated the idea of a professional standing army, and some of the tactics used to decentralize military power in the US and Switzerland. Recommended Reading "Why We Can't Ignore the Militia Clause

Strange how campaign season leads to the usual political drama over taxes. Republicans have learned the hard way that they should never raise them, at least not in ways that are noticeable. They accuse Democrats of plotting secret increases. The

During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent. Original Article: "Slowing Money Supply Growth in 2022 Points to Recession" This Audio Mises Wire is generously sponsored by Christopher Condon. 

In a recent speech regarding budgetary measures for 2022–23, the Mauritian minister of finance, economic planning and development, Renganaden Padayachy, pledged to continue the efforts to decolonize the Chagos Archipelago. For nigh on fifty-seven years, this issue has been buried