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“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.” Original Article: "Mortgage Companies Cash in on Pandemic Relief" This Audio Mises Wire is generously sponsored by Christopher

Wherever blame for the war might lie, for the immense majority of Americans in 1914 it was just another of the European horrors from which our policy of neutrality, set forth by the Founding Fathers of the Republic, had kept

The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. After a massive consensus increase in GDP recovery estimates to 6.5 percent in

Economists often concentrate on narrow technical specialties. In doing so, they sometimes fall into philosophical errors, because they uncritically take for granted assumptions that are philosophically mistaken or at least controversial. The most common instance of this is familiar. Many economists

The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that.  Original Article: "Thanks to Federal Megaspending, the Trade Deficit Has

Minimum-wage laws are again in the news, as Joe Biden and his political allies in Congress seek to push the national minimum from its current level of $7.25 per hour up to $15 per hour. Some politicians, Sen. Bernie Sanders

When the American colonies declared their independence from Britain in 1776, the fundamental principle underlying the new government they created was the principle of liberty. To the Founders, liberty meant freedom from government oppression, because at that time, government was

Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways.  Original Article: "3 Common

According to a popular way of thinking, the central bank can influence the rate of economic expansion by means of monetary policy. It is also held that this influence carries a price, which manifests itself in terms of inflation. For

Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency. Original Article: "3 Common Criticisms of Crypto—and Why They're Wrong​" This Audio Mises Wire is