Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a 35-Year Low
Money supply growth fell again in January, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. January's drop continues a steep downward trend from the unprecedented highs experienced during much
The Attack of the Subversive Elites
We can be sure that the "natural elites" of which Hans Hoppe wrote are not among the Davos crowd. That group of "elites" has an agenda, and it is not liberty and free markets. Original Article: "The Attack of the Subversive Elites" This
A Permanent Wartime Economy
“Governments create money all the time. We do that for war.” “This whole notion that you run government like you run a household…is a complete myth”Economist Prof Mariana Mazzucato tells #Newsnight Government’s should address social issues through taxhttps://t.co/P0zxS1DNGF pic.twitter.com/I6NLtXgDqN— BBC Newsnight
What Would Happen If American Elites Told the Truth?
What if America’s elite told the truth? It seems a ridiculous question to ask. It’s obvious to most of us here that our politicians, bureaucratic managers, and state-associated business leaders hardly ever tell the truth. What use is it for us
Secession Is Inevitable. War to Prevent It Is Optional.
The answer lies not in doubling down on political unity, maintained through endless violence or threats of violence. Rather, the answer lies in peaceful separation. Original Article: "Secession Is Inevitable. War to Prevent It Is Optional." This Audio Mises Wire is generously sponsored by Christopher
Odds Are Rising That the Fed Will Trigger the Next Bust
From March 17, 2022, to the end of January 2023, the US Federal Reserve (Fed) increased its federal funds rate from practically zero to 4.50–4.75 percent. The rise in lending rates came in response to skyrocketing consumer goods price inflation:
Real Estate Markets Are Addicted to Easy Money
On Friday, residential real estate brokerage firm Redfin released new data on home prices, showing that prices fell 0.6 percent in February, year over year. According to Redfin's numbers, this was the first time that home prices actually fell since
Making Nonsense from Sense: Debunking Neo-Calvinist Economic Thought
Neo-Calvinist economic thought claims that prices and private property cause scarcity. However, they provide no methodology for their claims. Original Article: "Making Nonsense from Sense: Debunking Neo-Calvinist Economic Thought" This Audio Mises Wire is generously sponsored by Christopher Condon.
The “Meritocracy” Was Created by and for the Progressive Ruling Class
The American Left has decided that the so-called meritocracy is a bad thing. In a typical example from the Los Angeles Times this week, Nicholas Goldberg points to a number of issues exploring how merit is not actually the key
We Are All Counterfeiters Now
Intellectuals and politicians often try to verbally summarize or justify conventional thinking in pithy ways. Milton Friedman (in 1965) and Richard Nixon (in 1971) both said different versions of the phrase “we are all Keynesians now.” . . . Friedman and Nixon