From El Salvador to Africa, the Next Currency War Pits Populists against Bankers
The global monetary system is facing historic challenges. First, a decade of easy money and perceived low price inflation convinced our current generation of central bankers that there were no costs to aggressive policy. The result was a monetary binge during
Austrians Have Been Correct about Big Tech: Elon Musk Just Proved Them Right
Big Tech—in particular social media platforms like Twitter—has long been a complicated problem to Austrian economists. Obviously, the de facto position on it would be no state involvement whatsoever. However, this becomes complicated when one recognizes the rampant suppression and deplatforming
African Politicians Must Stop Blaming Others for Africa’s Economic Woes
African politicians tend to blame foreign actors or external factors for the problems at home. This is nothing new nor is it unique to African politicians. Across the world, rulers and politicians do not miss a chance to blame domestic woes
It’s Mid-2022 and the Fed Has Still Done Nothing to Fight Inflation
It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2% inflation standard. Back in
How Russia Uses Immigration and Naturalization to Grow State Power
Moscow has used naturalization and immigration to effect demographic change and encourage conflict between ethnic groups in neighboring states. It has proven to be an effective foreign policy tool. Original Article: "How Russia Uses Immigration and Naturalization to Grow State Power" This
The Fed Gets It Wrong on Money Velocity, Too
"Inflation" is on everyone's lips. Commentators and politicians are quick to point out the perpetrators. It is said that climate change is the cause of rising prices or that a specific war maker is to blame. A popular opinion holds
Stanley Goldfarb on Taking CRT Out of the Exam Room
Our guest is Dr. Stanley Goldfarb, author of the recently-released Take Two Aspirins and Call Me By My Pronouns, a book that details the intrusion of critical race theory and identity politics into medical education and medical practice. He is
Why Social Issues Dominate
Inflation in the US is at forty-year highs, while interest rates on ten-year Treasury notes just hit 3 percent—signaling trouble for home buyers. Truck drivers pay more than $1,000 to fill their rigs with $5 per gallon diesel to deliver
Proliferation Wasn’t the Problem. Legacy Nuclear Powers Again Threaten the Globe.
On Monday the White House again was forced to "calm fears" that the United States is engaging in nuclear brinkmanship. That is, White House spokeswoman Jen Psaki was forced to deny Moscow's claim that the United States and Russia are
Decentralization and the Rise of the West: The European Miracle Revisited
Why did Europe advance economically in the postmedieval period? Bas Spliet looks to the writings of Ralph Raico and Hans-Hermann Hoppe for answers. Original Article: "Decentralization and the Rise of the West: The European Miracle Revisited" This Audio Mises Wire is generously