July 2022

[From For a New Liberty.] Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological? We now realize that, being libertarians, the revolutionaries saw no conflict between moral and political rights on the

Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences.  Original Article: "Why Police Do Nothing While Kids Are Killed" This

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession. Original Article: "US Household Saving Rate Vanishes, Credit Card Debt Soars" This Audio Mises Wire

Most commentary on the Supreme Court's decision in Dobbs v. Jackson Women's Health Organization—which overturns Roe v. Wade—has focused on the decision's effect on the legality of abortion in various states. That's an important issue. It may be, however, that the Dobbs decision's

Cause of the Boom-Bust Business Cycle The primary cause of the recurring “boom and bust” business cycle is central banks like the Federal Reserve creating money out of thin air. This was first explained by Austrian economist Ludwig von Mises over

Milton Friedman (1963) argued that "inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." Nevertheless, in the

For those of us who have loved as well as revered Ludwig von Mises, words cannot express our great sense of loss: of this gracious, brilliant and wonderful man; this man of unblemished integrity; this courageous and lifelong fighter for

In fiscal year 2020, at the height of covid stimulus mania, Congress managed to spend nearly twice what the federal government raised in taxes. Yet in 2021, with Treasury debt piled sky high and spilling over $30 trillion, Congress was able to service

The Mauritius government still denies Chagossians independence, continuing colonial policies. Original Article: "Independence for Chagossians? Time to End Colonialist Policies" This Audio Mises Wire is generously sponsored by Christopher Condon. 

In response to the strengthening of the Consumer Price Index (CPI) growth rate yearly to 8.6 percent in May 2022 from 5.0 percent in May 2021, on Wednesday, June 15, 2022, the US central bank (the Fed) raised the policy