Thanks, Fed Economists: Inflation Surges Yet Again as Real Wages Drop
The US Bureau of Labor Statistics released new Consumer Price Index data this morning, and it shows price inflation in May surged at the fastest rate since 1981. The overall CPI showed prices increased last month at a rate of 8.6
The New Deal: Admissions against Interest
It would be easy to write a very negative review of Robert Kuttner’s Going Big (New Press, 2022), but it would be a mistake to do. Kuttner is a well-known progressive economist and the founder of the Economic Policy Institute.
Why Russia’s Authoritarian Regime Continues to Enjoy Public Support
Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support. Original Article: "Why Russia's Authoritarian Regime Continues to Enjoy Public Support" This Audio Mises Wire is generously
Are Technology Shocks Responsible for Business Cycles? In a Word, No.
In their writings, Finn Kydland and Edward C. Prescott (K-P), the 2004 Nobel laureates in economics, had hypothesized that a major cause behind boom-bust cycles is technology shocks. In order to assess the importance of this claim, which they labeled the
Uvalde’s Biggest Mistake Was Trusting the Police to “Keep Us Safe”
Knee-jerk support for the police helps gun control advocates by undermining the most fundamental reason for gun ownership: the government's armed enforcers won't keep us safe and are likely to abuse their power. Original Article: "Uvalde's Biggest Mistake Was Trusting the Police to "Keep
Why Progressives Love Government “Experts”
In twenty-first-century America, ordinary people are at the mercy of well-paid, unelected government experts who wield vast power. That is, we live in the age of the technocrats: people who claim to have special wisdom that entitles them to control,
The Fair Plan Is the Tax That Will Not Die
Rep. John Linder (R-GA) has retired from Congress and radio talk show host Neal Boortz has been silent for years, but their tax plan just will not die. Writing in the New York Sun, billionaire businessman and Republican Party donor John
Politicizing Mass Shootings Only Guarantees There Will Be More of Them
Mass shootings are bad enough, but progressives have turned them into political events. They then claim that further politicizing these tragedies will reduce their number. Original Article: "Politicizing Mass Shootings Only Guarantees There Will Be More of Them" This Audio Mises Wire
What Is Stagflation and What Causes It?
The occurrence of stagflation is associated with a situation of general strengthening in the momentum of prices while at the same time the pace of economic activity is declining. A famous stagflation episode occurred during the 1974-75 period, as year-on-year
Rothbard vs. the Religion of Progressivism
[Editors note: The following was the opening address from Dr. Joseph Salerno to this week's Rothbard Graduate Seminar. ] Our main text for the Rothbard Graduate Seminar this week is Murray Rothbard’s Power and Market: Government and the Economy, which contains