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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

(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