Job Growth Surges Again, Fueled by the Fed’s Huge Monetary Overhang
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 311,000 jobs (seasonally adjusted) in February, which was nearly 100,000 jobs above expectations. The unemployment rate rose slightly
Toilet Paper
Mark discusses how the Federal Reserve and Covid restrictions greatly increased the price of cardboard boxes; but, with online sales softening, we should expect suppliers to shift the raw materials used to make boxes (wood pulp) into the production of other
Marx’s Terrifying Vision of “Raw Communism”
[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995). Another important reason for Marx's failure to publish was his candid depiction of the communist society in the essay "Private Property
A Permanent Wartime Economy?
Progressives view all aspects of human life as a struggle against forces of oppression. Earlier this week on BBC, Professor Mariana Mazzucato suggested governments across the West should simply print money not only to help Ukraine, but also to finance
One Year Later in Ukraine: Washington and NATO Got It Very Wrong
The foreign policy "elites" have been wrong about regime change, sanctions, "the lesson of Munich," a "rules-based order," and pretty much everything else. Original Article: "One Year Later in Ukraine: Washington and NATO Got It Very Wrong" This Audio Mises Wire is generously sponsored by
Yearning for Beauty in the Truth of Economic Thinking
Yearning for Beauty in the Truth of Economic Thinking We as a human race have a natural desire for beauty, and we as academics have a tendency to get lost in the weeds and forget this. Mises Institute president Jeff Deist
Is the Silicon Valley Bank’s Failure Another “Canary in the Coal Mine”?
If you watched the Fed Chair Jerome Powell testify before the senate and the House, you heard over and over that banks are well capitalized. The non-sequitur should inspire the Shakespearean quote “Methinks you protest too much.” The very next
The Balfour Declaration
Economics in ActionBy Brian BalfourThales Press, 2022; 306 pp. “Public” high schools are for the most part rotten to the core, and it is widely recognized, if not quite “a truth universally acknowledged,” that they need to be replaced. But what
Readying the War State: Biden Recommits to Protectionism in the SOTU
President Biden's call for more protectionism isn't aimed improving the US economy. Instead, it is about creating a war-footing autarky. Original Article: "Readying the War State: Biden Recommits to Protectionism in the SOTU" This Audio Mises Wire is generously sponsored by Christopher Condon.
Ready for Retirement? Fewer and Fewer Americans Are Saving for that Time
Thus, the nearly half the adults in America who haven’t saved remain childlike and live in barbarism. For those who are saving, volatile markets point to a less-than-cozy retirement for the majority. Last year’s beat down of the average 401(k) plan