Real Wages Fall for Nineteenth Month as Price Inflation Barely Cools
The federal government’s Bureau of Labor Statistics released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, but remained near 40-year highs. According to the BLS, Consumer Price Index (CPI) inflation rose 7.7 percent
How the Soviets “Fixed” Inflation, but Ruined the Economy
The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. Original Article: "How the Soviets "Fixed" Inflation, but Ruined the Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Do “Technology Shocks” Create the Boom-Bust Cycles?
Most economists hypothesize that in the real world there are relationships between various economic variables. For instance, the relation between personal consumption expenditure and income after tax can be hypothesized as: Personal consumption = a* Income after tax, With a being a
Are Robots and AI Really Going to Displace All Workers? Probably Not
As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us. Original Article: "Are Robots and AI Really Going to Displace All Workers? Probably
American Chip “Independence”: Protectionism by Another Name
Virtually all aspects of modern, interconnected, and digitized life rely on the processing and memory capabilities of advanced semiconductor computer chips. Electronic devices including smartphones, game consoles, cars, televisions, household appliances, military hardware, and medical equipment rely on these minute,
The Election Won’t Change Much in DC. The Real Battle Is Now in the States.
The votes are still being counted, but one thing is already clear: very little will change in Washington after this election. The House of Representatives will likely be controlled by Republicans, but the majority enjoyed by the GOP in the House
The Red Wave that Wasn’t
On this episode of Radio Rothbard, Tho Bishop and Ryan McMaken break down the results of this year's midterms. American anxiety over inflation and crime failed to create the red wave many expected. While Republicans took back the House, and maybe
Multinational Agrichemical Corporations and the Great Food Transformation
As "decarbonize agriculture" becomes the watchword, powerful multinational agriculture firms have embraced the 2030 UN agenda. Their actions will result in widespread hunger. Original Article: "Multinational Agrichemical Corporations and the Great Food Transformation" This Audio Mises Wire is generously sponsored by Christopher Condon.