Price Inflation Hits a 31-Year High as Janet Yellen Insists It’s No Big Deal
The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2% on a year-over-year basis in October. That’s the highest YOY rate since December 1990 when the CPI was also up 6.2 percent. October’s rate was up from 5.3 percent in September,
How the Draft Destroys Federalism and Centralizes State Power
The US Senate continues to debate legislation potentially adding women to the military draft in the United States. This week, for instance, Senator Josh Hawley attempted to remove from the 2021 National Defense Authorization Act provisions requiring that “all Americans”
How Nigeria’s Central Bank Inflates the Money Supply
In April 2021 the governor of Edo State, Godwin Obaseki, said that the federal government printed an additional NGN 60 billion (60 billion naira) to be shared between all the states at the Federation Account Allocation Committee (FAAC). This was
The Historical Origins of Modern American War Crimes
In many ways, the American war crimes of Korea and Vietnam were a continuation of American military conduct in the Civil War and during the Indian wars. Original Article: "The Historical Origins of Modern American War Crimes" This Audio Mises Wire is
Is College Worthwhile? A Two-Time Dropout’s Take
President Biden is tub-thumping for Congress to create new federal handouts to make college free for the vast majority of students. But as Ryan McMaken and other commentators on mises.org have pointed out, college is vastly overpriced and overrated nowadays. My
The Federal Reserve’s Assault on Savers Continues
Any economist should have been able to see that having the monetary spigot on full blast to “stimulate” would raise prices down the road. We are now down that road. Original Article: "The Federal Reserve’s Assault on Savers Continues" This Audio Mises
How Should Prices Be Determined?
"How should prices be determined?" To this question we could make a short and simple answer: prices should be determined by the market. The answer is correct enough, but some elaboration is necessary to answer the practical problem concerning the wisdom
How Asset Price Inflation Is Different from Goods Price Inflation
There has been no constant concept of asset price inflation through the modern age of fiat money even amongst those who recognize the condition. The term has become most popular in the present period of inflation targeting coupled with the
A Fat, Comfortable Military Is a “Woke” Military
Over the past decade federal military and intelligence agencies have increasingly embraced so-called woke campaigns and policy positions. Specifically, these government agencies have taken explicitly ideological positions in promoting “pride month” and more recruitment of larger numbers of gay and transgender
Per Bylund: How Austrian Entrepreneurs Succeed
Successful entrepreneurs are Austrians, they just don’t know it yet. This is a famous assertion from Dr. Per Bylund, and we dissect its meaning in the latest Economics For Business podcast. Key Takeaways and Actionable Insights Success starts from a deep understanding of subjective