More than ninety central banks worldwide are increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates weighted by GDP, will reach 5.5%. Next year, the federal funds rate is

Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder. Original Article: "Born on the Tenth of January" This Audio Mises Wire is generously sponsored by Christopher Condon. 

 The Federal Reserve's Federal Open Market Committee (FOMC) on Wednesday announced it will raise the target federal funds rate by 50 basis points, bringing the target rate to 4.5 percent. Wednesday's rate hike followed four hikes in a row of

Austerity works. We know what it is and don’t like it, but it works. It usually means cutting your consumption and spending, paying down your debts, pawning assets, and working more hours to restore your economic situation. You might invoke “austerity”

[This article is the foreword to Breaking Away: The Case of Secession, Decentralization, and Smaller Polities, by Ryan McMaken, available in PDF, at the Mises store, and on Amazon.]  Classical liberal tradition defends the right of secession on many grounds. One

America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash. Original Article: "As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on "Defense"" This Audio Mises

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Derek Dobalian, a California-based attorney, LewRockwell.com contributor, and a friend of the Mises Institute. This week's episode looks at the role Christianity has historically played in

The evidence from the last thirty years is clear. Keynesian policies leave a massive trail of debt, weaker growth and falling real wages. Furthermore, once we look at each so-called stimulus plan, reality shows that the so-called multiplier effect of government

Following the attack on Paul Pelosi, the Capitol Police office has demanded a big budget increase. This is not to increase safety but rather to increase the agency's bureaucratic reach. Original Article: "Paul Pelosi Is Attacked, So Naturally the Capitol Police Want

An excellent new book from Edward Chancellor, The Price of Time, sets out to explain both the theory and history of interest rates across five millennia and countless cultures. The theory is frequently bungled by economists; the history is frequently glossed over by historians.