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Woods Exposes the Federal Reserve System
Woods Exposes the Federal Reserve System The first thing to know about Dr. Thomas E. Woods, Jr.’s’ book Our Enemy, the Fed is he’s giving it away. Click the link, get your copy and read the whole book. Clearly, such intellectual charity is not only rare but in the educational spirit of Mises.org. The subject matter is […]
What are Mises’s Six Lessons?
What are Mises’s Six Lessons? Ludwig von Mises’s Economic Policy: Thoughts for Today and Tomorrow has become quite popular recently. The Mises Book Store has sold out of its physical copies, and the PDF, which is available online for free, has seen over 50,000 downloads in the past few days. This surge in interest in Mises’s ideas was started by […]
Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High
Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High “…we can expect the administration and the regime in general to continue gaslighting the public and claiming that greedy capitalists cause inflation.” According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in March rose to a seven-month high, and price inflation […]
The Fraud Inherent in Fractional Reserve Banking
The Fraud Inherent in Fractional Reserve Banking “Our current banking system is not free market capitalism.” Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet […]
The Coming Collapse of the Global Ponzi Scheme
The Coming Collapse of the Global Ponzi Scheme It won’t be long before governments around the world, including the one in Washington, self-destruct. Strong words, but anything less would be naïve. As economist Herbert Stein once said, “If something cannot go on forever, it has a tendency to stop.” Case in point: fiat money political regimes. Interventionist […]
A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises
A Pyrrhic End to 130 Years of Vicious Bad Money and Banking CrisesThe original vicious circle starts with inflationary interventions in an up-to-then well-anchored monetary regime. Consequent asset inflation spawns a banking crisis. That leads to the installation of anticrisis safety structures (one illustration is a novel or enhanced lender of last resort). Alongside a […]
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come Relief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe, government support for consumers and producers is available if needed. China is turning away from its […]
Why the End of the Petrodollar Spells Trouble for the US Regime
Why the End of the Petrodollar Spells Trouble for the US Regime On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the […]
The “Barbarous Relic” Helped Enable a World More Civilized than Today’s
The “Barbarous Relic” Helped Enable a World More Civilized than Today’s One of history’s greatest ironies is that gold detractors refer to the metal as the barbarous relic. In fact, the abandonment of gold has put civilization as we know it at risk of extinction. The gold coin standard that had served Western economies so […]
Are Progressive “Experts” Fallible? Yes, But Don’t Tell Them That
Are Progressive “Experts” Fallible? Yes, But Don’t Tell Them That It can be argued that the world has reached the sorry state it’s in today largely because academics, politicians, “distinguished experts,” and “recognized authorities” did not have the humility to admit their own mistakes or to at least recognize the limits of their knowledge. Of […]
The Mainstream Has the Inflation Story Backwards
The Mainstream Has the Inflation Story Backwards The mainstream blames inflation on “supply chain bottlenecks.” But they have it completely backward. In reality, Federal Reserve-created inflation is causing the supply chain mess. According to Biden administration talking points, the economy is booming. Americans are flush with cash. And they are demanding lots of goods. The […]
We’re Living in a Chaos Economy. Here’s How to End It.
We’re Living in a Chaos Economy. Here’s How to End It. The Federal Reserve has been increasing the money supply at an explosive rate. The federal budget, deficits, and the trade deficit are record levels. Governments, both foreign and domestic, have locked down people, restricting production and consumption. How should this be viewed by an […]
Government “Stimulus” Keeps Having a Diminishing Effect
Government “Stimulus” Keeps Having a Diminishing Effect The United States economy recovered at a 6.5 percent annualized rate in the second quarter of 2021, and gross domestic product (GDP) is now above the prepandemic level. This should be viewed as good news until we put it in the context of the largest fiscal and monetary stimulus in […]
