Applying Volcker’s Lessons
[Originally published by Law and Liberty.] The year 2022 has certainly been a tough one for the Federal Reserve. The Fed missed the emergence of the runaway inflation it helped create and continued for far too long to pump up the housing
Federal Reserve Tampering with Interest Rates Distorts the Shape of the Yield Curve
For many commentators, a change in the shape of the differential between the long-term interest rate and the short-term interest rate—i.e., the yield spread provides an indication of the likely direction of the economy in the months ahead. Thus, an
The West Didn’t Become Rich Because of Slavery But in Spite of It
The modern progressive narratives claim that the wealth of the West and especially of the USA was built upon the backs of slaves. In fact, slavery retarded economic growth. Original Article: "The West Didn't Become Rich Because of Slavery But in
The Hardheaded Thought of Ludwig von Mises: Ever Attacked and Ever Triumphant
Such is the intellectual stature of Ludwig von Mises that even many decades after his passing the opponents of classical liberalism and laissez-faire capitalism continue to attack his life’s work. A recent instance of this phenomenon is an article published
Student Loan Debt: The Financial Time Bomb Politicians Want to Ignore
Media reports claim this debt prevents economic recovery. Chuck Schumer would erase it with the flick of a pen. Elizabeth Warren would remove it to free students’ ability to buy a house and form a family. Janet Yellen opines paying
Housing Is Getting Less Affordable. Governments Are Making It Worse.
The average square footage in new single-family houses has been declining since 2015. House sizes tend to fall just during recessionary periods. It happened from 2008 to 2009, from 2001 to 2002, and from 1990 to 1991. But even with strong
Prospects for Right Libertarian Fusionism
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022. The 1989 Rockford Institute meeting picture: Mises.org/1989-Rockford Sponsored by Angela and Roger Box.
“Spend Now, and Deal with the Consequences Later” Is the Worst Policy
Quantitative easing was designed as a tool to provide time for governments to implement structural reforms, boost growth, and strengthen the economy. However, it has become a tool to increase the size of government and take increasingly riskier levels of
Inflation, High Inflation, Hyperinflation
Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it. Original Article: "Inflation, High Inflation, Hyperinflation" This Audio Mises Wire is generously sponsored by Christopher Condon. '
How Austrian Economics Took On the Academy
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.