The truth will out.
by Matteo Salonia via Mises.org The news from Italy has started to sound like good incipits for a dystopian fantasy novel or like a déjà vu recalling the Soviet Union. A couple of weeks ago, a new decree of the Draghi government established yet more rules restricting the lives of people who have not been injected with the […]
by Anton Balint via Mises.org In September 2010, Stanford University published an article called “Stalin killed millions”, with the punchline: “When it comes to use of the word “genocide,” public opinion has been kinder to Stalin than Hitler”. The sentiment has been echoed more than a decade later, and across the Atlantic ocean, in an […]
by James Bovard via Mises.org The denigration of the Canadian trucker protest convoy exemplifies how freedom is now the biggest villain of the covid-19 pandemic. A Washington Post cartoonist portrayed the trucker convoy as “fascism” incarnate while another Post column derided the “toxic ‘Freedom Convoy.’” Anyone who resists any government command is apparently now a public […]
by Liam Cosgrove via Mises.org On Wednesday, the Federal Open Market Committee (FOMC) held true to its monetary-tightening timeline despite last week’s 10 percent drawdown in most major indices, effectively saying, “10 percent is not enough.” With retail sales numbers that will surely return to trend without more stimulus (see chart), a gridlocked Senate, and the prospect […]
by Daniel Lacalle via Mises.org The history of economic development cannot be understood without the importance of recession periods. Recessions are often the result of the excess accumulated in previous years. Creative destruction after a period of excess used to drive a stronger recovery and continued economic development. That was until risky assets became the […]
by Frank Shostak via Mises.org Most commentators are currently preoccupied with large increases in the Consumer Price Index (CPI), which is labeled as inflation. The yearly growth rate of the CPI stood at 7.0 percent in December against 6.8 percent in November and 1.4 percent in December 2020. Pundits have been blaming the strong increase […]
by Michael Rectenwald via Mises.org Woke supremacy has been taking a toll on Western civilization. The casualties of wokeness are too many and sundry to track. But we should not forget that wokeness was first germinated in higher education, from whence it metastasized to the wider social body. The academy is the cathedral pulpit from […]
by Ryan McMaken via Mises.org The Fed’s Federal Open Market Committee (FOMC) released a new statement today purporting to outline the FOMC’s plans for the next several months. According to the committee’s press release: With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise […]
by Llewellyn H. Rockwell Jr. via Mises.org This talk was delivered at the Doug Casey conference “When Money Dies” in Phoenix on October 1, 2011: “There isn’t anyone around who is willing to stand up and say, ‘I’m a fascist; I think fascism is a great social and economic system.’” Everyone knows that the term fascist […]
by Frank Shostak via Mises.org Recently, a relatively new economics called behavioral economics (BE) has started to gain popularity. Its practitioners, such as Daniel Kahneman, Vernon Smith, and Richard Thaler, were awarded Nobel Prizes for their contribution in the field of BE. The BE framework emerged because of dissatisfaction with the neoclassical theory regarding consumer […]
by Nicolas Gregoris via Mises.org Neil Sedaka said it best – “breaking up is hard to do”. Ask any 16-year-old and they’ll tell you that’s certainly true, but Rep. Marjorie Taylor Greene (R-GA) recently made headlines when she suggested not just a breakup, but a “National Divorce” on social media. Of course, there was the […]
by Jeff Deist via Mises Institute Enough is enough. It is time to stop wearing masks, or at the very least to eliminate mask mandates in all settings. This is especially urgent for children in schools and universities, who suffer the effects of masks for long hours each day despite being at exceedingly low risk for death or […]
by Joakim Book via Mises Institute The historian and economist Deirdre McCloskey often laments the power that pessimism and despair seems to have over us. In her review of Thomas Piketty’s doorstop-sized book on capitalism and inequality—oh, in that long-forgotten blissful past when our media and politics were dominated not by viruses and misinformation and […]
by Frank Shostak via Mises Institute Some commentators attribute the latest sharp increase in the Consumer Price Index to businesses pushing prices of goods higher in order to secure higher profits. (See the New York Times article “Democrats Blast Corporate Profits as Inflation Surges,” January 3, 2022). Note that the yearly growth rate of the Consumer Price […]
by Ryan McMaken via Mises Institute Last month, Colorado governor Jared Polis ended statewide mask mandates and social-distancing provisions, stating that “the emergency is over.“ This, of course, does not mean Colorado is now laissez-fairein terms of covid. Public higher education institutions—thanks to Polis’ tacit approval—still have free rein in terms of imposing vaccine and mask […]
by Doug French via Mises Institute Back to 2020, the federal government’s covid-mandated shutdown of meat production plants hobbled the nation’s meat production capabilities, leaving farmers with nowhere to send their beef. This resulted in them having to cull cattle and other livestock. The uncertainty caused farmers to scale back their production at the time, […]
by Ryan McMaken via Mises Institute Lee esto en Español Money supply growth rose slightly in November, rising above October’s twenty-one-month low. Even with November’s rise, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During thirteen months between April 2020 and April 2021, money supply growth in the United […]
by Tho Bishop via Mises Institute Price inflation is the highest its been since 1982. Real wages are plummeting. Joe Biden’s approval ratings are now on par with George W. Bush’s after both the Iraq War, the financial crisis, and eight years of Jon Stewart. This is with the benefit of Kim family–level devotion from the […]
by Brendan Brown via Mises Institute In the incessant media discussion about whether inflation is transitory there is a big elephant in the room about which all are silent. Perhaps strangely some do not see it. Others for whatever reason pretend it is not there. The elephant is the fantastic surge in US corporate profits that […]
by Daniel Lacalle via Mises Institute The global recovery has slowed down significantly since the peak of the reopening effect in June 2021. What many expected would be a multiyear cycle of above-trend growth is proving to be a more modest bounce. Furthermore, according to Bloomberg Economics, the global economy will likely grow in the […]
by Alex J. Pollock via Mises Institute Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the Bubble peak even after adjustment for consumer price […]
by Laurence M. Vance via Mises Institute The grossly misnamed Equality Act is a government attack on the rights of private property, freedom of assembly, freedom of association, free enterprise, and freedom of contract. According to the official summary of bill (H.R.5): This bill prohibits discrimination based on sex, sexual orientation, and gender identity in […]
by Ryan McMaken via Mises Institute Lee esto en Español A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the […]
by Henry Hazlitt via Mises Institute Lee esto en Español Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, […]
by Jeff Deist via Mises Institute You do not defend a world that is already lost. When was it lost? That you cannot say precisely. It is a point for the revolutionary historian to ponder. We know only that it was surrendered peacefully, without a struggle, almost unawares. There was no day, no hour, no […]