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It seems supporters of the Biden administration finally settled on a narrative they like for explaining away supply chain shortages. Here’s the administration’s talking point: the US economy is rolling along so well that Americans are demanding huge amounts of goods.

Order and chaos (complete disorder) have long bookended people’s view of their circumstances. For instance, I have read that order versus chaos was the primary division in ancient Egyptian religion, where order also meant justice and chaos meant injustice. Much

In spite of what they say, governments will do nothing about inflation. Even though "money printing" is the real cause of this, governments will just keep blaming red herrings like supply chain problems. Original Article: "Governments Love Inflation, and They Won't

Thanks to capital accumulation and other innovations in the West, life expectancy grew beyond anything previously imagined. The benefits spread from there. Original Article: "How the West Pushed back the Frontiers of Death" This Audio Mises Wire is generously sponsored by Christopher

Last month, the Center for Politics at the University of Virginia released a new study which showed that, at least among those polled, “roughly 4 in 10 (41%) of Biden and half (52%) of Trump voters at least somewhat agree

Since the pandemic started, we have seen major imbalances to supply and demand in the global markets. Supply chain disruptions due to lockdowns and other regulations, restrictions in travel, trade and businesses shutting down while at the same time we

The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar.  The highest denomination currency note of 1 million bolivars, worth less than $.25, was replaced by a one-bolivar note.  At the same time, a 100-bolivar note,

Open a popular magazine of your choice, or even the newspaper of record, and you’ll find a lot of fascinating claims seemingly backed by scientific aura. Eat this superfood and you’ll be healthy; do this minor thing every day and

Protectionism is reviving in Washington on both sides of the political aisle. Democrats are cheering proposals to restrict trade to benefit labor unions and save the environment while some Republicans are reviving Smoot-Hawley style salvation schemes. Protectionist advocates routinely seize

Fed chairman Jerome Powell is increasingly under fire for his apparently inability to take inflation seriously or admit it may be more than “transitory.” There’s been much talk of tapering the Fed’s enormous asset purchases, yet—as is typical for the