The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
The huge amounts of monetary inflation of 2020 have indeed been translated into price inflation in 2021. Yet with the Fed now poised to slow things down, we might find asset inflation could suddenly go into reverse. Original Article: "The Economy
Money Supply Growth Is Slowing—That Points to a Slowing Economy
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth. Original Article: "Money Supply Growth Is Slowing—That Points to a Slowing Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Myth of Cost-Push Inflation
Senator Elizabeth Warren recently stated that rising prices were due to corporations increasing their profits. “This isn’t about inflation, this is about price gouging for these guys.” It is simply incorrect. No, corporations have not doubled their profits, and rising prices are not
Can Dikes Be Private?: An Argument against Public Goods Theory
The best that mankind ever knew:Freedom and life are earned by those aloneWho conquer them each day anew. — Johann Wolfgang von Goethe1 According to many economists, we need the state to provide public goods.2 The assertion seems to be so crystal-clear
Who Will Inflate Faster? Europe or the Fed?
The price of the euro in terms of the US dollar closed at 1.135 in November, against 1.156 in October and 1.193 in November last year. The yearly growth rate of the price of the euro in US dollar terms
Why “Macro” Thinking in Economics Is Such a Problem
As someone who teaches public finance (better termed the economics of government), I can’t count how many times I have heard politicians promise “comprehensive” reforms to some major problem. But what such efforts actually produce is always different from what
Tom Woods on the Old Right
We continue our look at leading figures from the Old Right with guest Tom Woods, who helped publish the late Murray Rothbard's The Betrayal of the American Right. Rothbard admired the courageous and revisionist voices promoting the Old Republic, and
The Fed Is Hawkish Now? I’ll Believe It When I See It.
If you did any Fed watching this week, you probably heard all about how Jay Powell has turned (or perhaps returned) to hawkishness, and how the Federal Open Market Committee is all about fighting price inflation now. A particularly cartoonish version of
Van Creveld on the State as an Engine of Murder
In this week’s column, I’d like to discuss an important criticism of the modern state that the historian Martin van Creveld raises in his classic book The Rise and Decline of the State (Cambridge University Press, 1999). By “state,” Van Creveld means
Equality and Envy
There are many reasons why activists and intellectuals oppose inequality. Envy is one of them. Original Article: "Equality and Envy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.