The Five Stages of Totalitarianism
Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss. Original Article: "The Five Stages of Totalitarianism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jamaica’s Experience Shows That Even Draconian Gun Control Will Not Stop Gun Violence
Many are still repulsed by the monstrous actions of Salvador Ramos who brutally gunned down nineteen students and two teachers in the nation's second-deadliest mass shooting. This act of barbarity has rightly aroused intense emotions, but emotional responses to mass
Are Technology Shocks Responsible for Business Cycles? In a Word, No.
The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect. Original Article: "Are Technology Shocks Responsible for Business Cycles? In a Word, No." This Audio Mises Wire is generously sponsored by Christopher Condon.
The Biden Administration’s Ignorant Energy Policies: Higher Gas Prices Are Only the Beginning
While Americans angrily grit their teeth while filling their gas tanks, the very first United States special presidential envoy for climate said: This year, we have to implement those promises and what it means is that we have to decarbonize the
The Menace of Fiscal Inflation
Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to individuals and businesses in 2020 and 2021, which totaled more than $5 trillion, along with the rapid growth of base
The Fair Tax Is the Tax That Will Not Die
The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax. Original Article: "The Fair Tax Is the Tax That Will Not Die" This Audio Mises Wire is generously
For Presidents, Unpopularity Is a Simple PR Problem. Biden Is No Exception
When the United States in 1982 was mired in the worst recession since the end of World War II, supporters of President Ronald Reagan were sure that they had the answer: just let Reagan be Reagan. Conservative friends of mine
The Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing”
The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which
Will Punch-Drunk Biden Take America Down with Him?
Inflation is at a forty-year high, fuel prices are wreaking havoc, and there's no end in sight. Time for Biden to tell us how good we have it. Original Article: "Will Punch-Drunk Biden Take America Down with Him?" This Audio Mises Wire is
Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn’t Understand What It Is
According to the June 1, 2022, Financial Times, Janet Yellen, the US Treasury secretary conceded she was wrong last year about the path inflation would take. Yellen told CNN: There have been unanticipated and large shocks to the economy that have boosted