Even the Fed Thinks Current Debt Levels Are Unsustainable
A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective? In March 2021, the Department of the Treasury published the 2020 Financial Report of
Where Prices Come From: Menger Explains
Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life. Original Article: "Where
Don’t Be Fooled by the Fed’s Taper Talk
There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it. Original Article: "Don't Be Fooled by the Fed's
Lithuania’s Crackdown on the Unvaccinated
Many Lithuanian politicians are embracing outright segregation of unvaccinated Lithuanians. Fortunately, many Lithuanians are resisting. This fight is not about opposing vaccines, but about protecting basic freedom of choice. Original Article: "Lithuania's Crackdown on the Unvaccinated" This Audio Mises Wire is generously
Happy Hour May Be Getting a Little Happier
Eleven states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit. Original Article: "Happy Hour May Be Getting a Little Happier" This Audio
An End to the Bizarre CDC Rent Moratorium
The “transitory” inflation swamping the country has stubbornly persisted into July. Producer prices posted a second straight 1 percent month-over-month increase, which brought the full-year number to a record 7.8 percent. Twelve-month US export prices rose 17.2 percent, and nearly 22 percent
How to Use Democracy To Deny Human Rights
“You gather the idea that Mauritius was made first, and then heaven; and that heaven was copied after Mauritius.”– Mark Twain Since its rebirth as an independent state in 1968, this paradisaic island has been touted as a paragon of democratic
Some Conservatives Still Pine for the Good Ol’ Days of Cannabis Prohibition
Aron Ravine, a self-described “nudnik,” who writes for National Review thinks so and I suspect others do as well. This thinking, however, is that of an ever-shrinking minority and it is hard to imagine the pro-legalization trend being reversed. Nevertheless, let’s
As the Political Divide Grows, It Makes Sense to Redraw State Boundaries
In the coming decade of heightened political tension, cartographers may have to make serious adjustments to the borders of several American states. The American Left's desire to micromanage activities ranging from people being able to defend themselves to relying on cheap,
Beer: A Short and Bitter History of Regulation
Some think that beer's history of regulation begins with hops, but beer has been hemmed in by government red tape for much longer. Original Article: "Beer: A Short and Bitter History of Regulation" This Audio Mises Wire is generously sponsored by Christopher