The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
Every so often, I check my investment portfolio to see how it is doing. (I stay out of stocks these days, but that is due to my personal situation and is not to be taken as investment advice.) Portfolios are
Subsidizing Higher Education Is Not Creating Widespread External Benefits
President Biden’s student debt relief proposal created a storm of controversy. That is not surprising, since it was a transparent (and apparently successful) attempt to buy the votes of an important Democratic constituency, even though it created a target-rich environment
Why This Recession is Different
Back in January Jeff Deist joined the Austrian Economics Discord Server for a live event concerning trends in 2023. Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal
They Won’t Leave Us Alone: The Invasion of Politics
Forget minding your own business. Ours is the age of invasive politics, demanding we take sides no matter how much we would like to be left alone. Original Article: "They Won't Leave Us Alone: The Invasion of Politics" This Audio Mises Wire
It’s Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency
Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal. A similar tone can be found coming from organizations like the World Economic Forum,
Ominous Parallels Reconsidered
Forty years ago, I reviewed Leonard Peikoff’s Ominous Parallels very negatively, and with one exception, of which the less said, the better, this proved to be the most controversial review I have ever written. Perhaps it is time for a
More Recession Signs: Money Supply Growth Went Negative Again in December
Money supply growth fell again in December, falling even further into negative territory after turning negative in November for the first time in twenty-eight years. December's drop continues a steep downward trend from the unprecedented highs experienced during much of
Governments Will Make You Poorer Again
Inflation at an annual rate of 5 percent is not a positive, and it is certainly not falling prices. Inflation is accumulative, and this means we are becoming poorer faster. Original Article: "Governments Will Make You Poorer Again" This Audio Mises Wire is generously
Argentina and Brazil Look to Establish a Common Currency
On Sunday, January 22, Argentine minister of economy Sergio Massa told the Financial Times that Argentina and Brazil were starting preparations for a common currency. We know that this is an old idea as it has been floating at least
Will Powell Pivot as Currency Wars Escalate?
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week. While political pressure mounts at home for the Fed to turn dovish, growing international challenges to the dollar's dominance mount. Ryan and Tho