Why Central Banks Will Choose Recession Over Inflation
While many market participants are concerned about rate increases, they appear to be ignoring the largest risk: the potential for a massive liquidity drain in 2023. Even though December is here, central banks’ balance sheets have hardly, if at all, decreased. Rather
The Tea Party, Fifteen Years Later
December 16, 2022, is the fifteenth anniversary of the modern Tea Party. That fact will come as a surprise to many readers who take the mainstream narrative about the Tea Party at face value. The mainstream account begins on February
The Jobs “Boom” Isn’t So Hot When We Remember Nearly Six Million Men Are Missing from the Workforce
There appears to be a six-million-man gap between the number of men in the prime age group—age 25–54—and the number of those men actually in the workforce. Original Article: "The Jobs "Boom" Isn't So Hot When We Remember Nearly Six Million Men
The Decline of Public Intellectuals
Does 2022 America still have legitimate intellectuals? Professor Paul Gottfried joins Jeff and Bob to consider the state of real and pseudo-intellectualism.
You’ve Got to Be Kidding: Nussbaum Demands Animals Stop Eating Each Other
Sometimes you encounter a proposal that is so daft that you think to yourself, “The author can’t be serious!” In today’s column, I’d like to discuss an example of this sort that comes from one of the world’s most eminent
Spending More Government Money on Healthcare Does Not Improve Health Outcomes
Progressives seem to believe that we improve healthcare outcomes by spending more. This is a recipe for failure. Original Article: "Spending More Government Money on Healthcare Does Not Improve Health Outcomes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Global Rate Hikes Hit the Wall of Debt Maturity
More than ninety central banks worldwide are increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates weighted by GDP, will reach 5.5%. Next year, the federal funds rate is
Born on the Tenth of January
Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder. Original Article: "Born on the Tenth of January" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Fed’s Powell Admits “I Don’t Know What We’ll Do” in 2023
The Federal Reserve's Federal Open Market Committee (FOMC) on Wednesday announced it will raise the target federal funds rate by 50 basis points, bringing the target rate to 4.5 percent. Wednesday's rate hike followed four hikes in a row of
Austerity: A Real Solution to Help Heal the U.S. Economy
Austerity works. We know what it is and don’t like it, but it works. It usually means cutting your consumption and spending, paying down your debts, pawning assets, and working more hours to restore your economic situation. You might invoke “austerity”