Developing Countries Don’t Need Wealth Transfers; They Need Free Markets
The standard line among the Great Reset crowd is that capitalism exploits poor nations and causes poverty. In reality, capitalism and free markets have reduced poverty around the world. Original Article: "Developing Countries Don't Need Wealth Transfers; They Need Free Markets" This
Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed
The US Bureau of Labor statistics released new CPI inflation estimates this morning, and the official numbers for June 2022 show price inflation rising to 9.1 percent, year over year. That's the biggest number since November 1981 when the price
Argentina’s Difficult Political Landscape and Libertarian Prospects for Change
Argentina, the mystery of South America. How could a country that was once the most prosperous in the world now rank seventy-third (see figure below)? It is also in sixth place in the Annual Misery Index. How could this happen? What's going on
Our Graduates Need Books
With your support, the Mises Institute can send Mises U students home with a stack of Austrian classics such as Human Action, America's Great Depression, and Economics in One Lesson (see the full list below). After their week of destroying every preconceived, state-curriculum notion
Here We Go Again: The Fed Is Causing Another Recession
The relative lack of inflation in Japan doesn't mean real wages haven't fallen. Original Article: "Here We Go Again: The Fed Is Causing Another Recession" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country
A recent essay on the Mises Wire triggered quite a bit of discussion among a group of Austrian school economists. Paul H. Kupiec and Alex J. Pollock's "Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy?" became
How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy
The relative lack of inflation in Japan doesn't mean real wages haven't fallen. Original Article: "How the BOJ Created "Noninflationary" Money While Ruining the Japanese Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Money Supply Growth Fell Again in May as More Recession Alarms Ring
Money supply growth fell again in May, dropping to a three-month low. May's drop continues a downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply
Turns Out the Elites Like the Administrative State Better than Democracy
If there is a mantra among progressive American political and media elites, it would be “our democracy,” usually preceded by what they believe to be a threat from the Right. For example, progressives deemed the recent reversal of Roe “a threat
Mark Packard On Entrepreneurial Valuation, Part 1: Value Learning
Getting into the minds of customers is the universal need of everyone in business. A new book by Mark Packard, Entrepreneurial Valuation, provides a new understanding of how customers identify value in the constant, never-ending flow of the value learning