Without Easy Money, the Tech Sector Faces Hard Times
The tech sector in the US has benefitted from more than a decade of ultra-low interest rates and easy money. But now it looks like the easy-money era may be ending—at least for now—and that means problems for the sector
For the Midterms to Matter, the GOP Needs More MTG, Less McConnell
Firebrands like Marjorie Taylor Greene and Matt Gaetz demand a GOP-controlled Congress hold DC villains accountable. If the GOP refuses to treat Anthony Fauci like the Democrats have treated Steve Bannon, the party remains controlled opposition. Original Article: "For the Midterms to Matter,
In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market
The Federal Reserve is on pace to lose somewhere in the neighborhood of $100 billion over the next year to eighteen months, as the yield on its portfolio of Treasurys and mortgage-backed securities is now being surpassed by the interest
“Antidemocratic” Just Means “Something the Regime Doesn’t Like.”
Marxist regimes used to slap the word "anti-revolutionary" on everything the regimes disliked. Today's regimes use the words "undemocratic" and "anti-democratic" in the same way. Original Article: ""Antidemocratic" Just Means "Something the Regime Doesn't Like."" This Audio Mises Wire is generously sponsored by
Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates
On Wednesday, November 2, 2022, the Fed raised the target for the policy rate by 0.75 percent, to 4.00 percent, for the fourth time in a row. Fed chairman Jerome Powell hinted that the policy rate target is likely to
How to Think about Monetary Intervention
[Chapter 8 of Per Bylund's new book How to Think about the Economy: A Primer.] The Boom-Bust Cycle The economy’s constant flux is not random change but adjustments to the production apparatus in the pursuit of creating value. Value is a moving target because
Will Environmentalists Doom Global Food Supplies?
Ryan McMaken and Tho Bishop talk with economic anthropologist Jovana Diković about how a focus on "solving" global warming endangers the food supply for much of the globe, especially in the developing world. Even rich nations face a world of
The Housing Boom Is Already Over. Get Ready for Even Higher Prices.
As mortgage rates have risen this year, the demand for home purchases has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the 10th straight month in October. The decline in builder sentiment reflects what
It Didn’t Begin with FDR: Currency Devaluation in the Third Century Roman Empire
Roman keynesianism that ruined the empire and destroyed the Roman economy. Original Article: "It Didn't Begin with FDR: Currency Devaluation in the Third Century Roman Empire" This Audio Mises Wire is generously sponsored by Christopher Condon. '
World War I: The Great War Was also the Great Enabler of Progressive Governance
Commentaries about World War I frequently discuss causes and consequences but almost never mention the enablers. At best, they might mention them approvingly, as if we were fortunate to have had the Fed and the income tax, along with the