Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion
With inflation running at over 6 percent and interest rates on savings near zero, the Federal Reserve is delivering a negative 6 percent real (inflation-adjusted) return on trillions of dollars in savings. This is effectively expropriating American savers’ nest eggs at the rate of 6 percent a
Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War
Both Bloomberg and the cannabis industry publication Marijuana Moment now report that Republican Congresswoman Nancy Mace is preparing to introduce new legislation ending the federal prohibition on marijuana. According to Bloomberg: A Republican bill to legalize marijuana at the federal level in
In a Free Economy, Prices Would Be Going down, Not Up
In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation. Original Article: "In a Free Economy, Prices Would Be Going down,
What the United States Can Learn from the European City-States
Over the past year and a half, we have seen some of the largest divides in US state policy in recent history. Certain states such as California have implemented heavy lockdowns, mask mandates, curfews, and other restrictions for months on
Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune
Vaccine mandates are much easier to enforce thanks to the spread of government spending, government contracting, and monopolized government services. Original Article: "Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune" This Audio Mises Wire is generously sponsored
Why China’s Property Bubble Is a Big Deal
China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors. Original Article: "Why China's Property Bubble Is a Big Deal" This Audio
Will the Next “Skyscraper Curse” Be Found in the Digital World?
The vast majority of Mises Wire readers are already familiar with the Austrian business cycle theory. For those who are not, it is an Austrian perspective on what causes the sudden general cluster of business errors that results in a boom-bust
Biden’s Infrastructure Plan Points to Even More Price Inflation
What is the worst thing a government can do when there is high inflation and supply shortages? Multiply spending on energy and material-intensive areas. This is exactly what the US infrastructure plan is doing and—even worse—what other developed nations have decided
The Vampire Economy: Italy, Germany, and the US
What is the link between fascism and socialism? They are stages on a continuum of economic control, one that begins in intervention in the free market, moves toward regimentation and greater rigidity, marches toward socialism as failures increase, and ends
The Interest Rate Question
The Free Market 6, no. 2 (February 1988) The Marxists call it "impressionism": taking social or economic trends of the last few weeks or months and assuming that they will last forever. The problem is not realizing that there are underlying