The Fed Is Not “a Good Idea that Became Corrupt”: It Always Was Corrupt
It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning. Original Article: "The Fed Is Not "a Good Idea that Became
Fiat and Gold: Two Fixes for a Broken US Monetary Base
In the laboratory of history, great inflation followed by great disinflation opens the road to monetary regime change. Sometimes the road leads to a better place. Think of the US return to gold in 1879 following the inflationary issue of
As Easy Money Crashes, the Political and Legal Effects Appear
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow. Original Article: "As Easy Money Crashes, the Political and Legal Effects Appear" This Audio Mises Wire is generously sponsored by Christopher Condon.
Why Did Trussonomics Fail So Quickly?
Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up. Original Article: "Why Did Trussonomics Fail So Quickly?" This Audio Mises Wire is generously sponsored by Christopher Condon.
After Years of “Stimulus” Come Surging Debt and Falling Wages
For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed! Original Article: "After Years of "Stimulus" Come Surging Debt and Falling Wages" This Audio Mises Wire
Total Employed Workers Fell Again in November as Savings and Incomes Fall
Total employed workers fell for the second month in a row in November, dropping nearly 400,000 workers below the pre-pandemic peak in February 2020. According to new employment data released by the Bureau of Labor Statistics on Friday, the current
Reflections upon the Centennial of Mises’s Socialism
Ludwig von Mises published Die Gemeinwirtschaft: Untersuchungen über den Sozialismus in 1922 (translated into English as Socialism: An Economic and Sociological Analysis, 1951). In more than five hundred pages, the most prominent representative of the Austrian school offers a comprehensive
Economic Progress and Economic Decay: North versus South
They read like Civil War battlefields: Chattanooga, Tennessee; Tuscaloosa, Alabama; Greer, South Carolina; West Point, Georgia; Montgomery, Alabama; Tupelo, Mississippi; Smyrna, Tennessee. They are the towns and small cities in the Deep South where America now builds its cars and
Abolish Seditious Conspiracy Laws
On Tuesday, a District of Columbia jury convicted Stewart Rhodes and Kelly Meggs of seditious conspiracy in relation to the January 6, 2021 riot at the US Capitol building. Three other defendants were acquitted of seditious conspiracy but convicted of
Renewables and EVs in the Grip of Lesseps Syndrome
Most people are familiar with the Panama Canal, but they probably don’t know the first effort to build the Panama Canal, spanning almost a decade, was by France. Facing considerable initial naysaying and ridicule, Ferdinand de Lesseps had the acumen