The Fed’s Quantitative Easing Gamble Costs Taxpayers Billions
[Reprinted with permission of the authors.] The year 2023 is shaping up to be a challenging one for the Federal Reserve System. The Fed is on track to post its first annual operating loss since 1915. Per our estimates, the loss will
The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist
Davos: Has Globalism Peaked?
Jeff and Bob break down this week's Davos WEF conference and consider whether global elites really have the mechanisms to impose their plans. Johnny Vedmore's analysis of Schwab's origins: Mises.org/HAP379a Scott Greer says America's right-want needs to stop dwelling on Schwab: Mises.org/HAP379b Schwab bragging about
They Won’t Leave Us Alone: The Invasion of Politics
The temptation and crucial flaw of a totalitarian mind are that everyone must play a part in a superstructural battle between good and evil. Standing on the sidelines or taking a neutral position on present topics is not allowed; one
The Borders between US States Are Obsolete
It's been more than 150 years since most state boundaries were drawn in the US. Since then, demographic and political realities have changed enormously. The boundaries should change too. Original Article: "The Borders Between US States Are Obsolete" This Audio Mises Wire is
Does Nozick Think Government Prevents the Hobbesian State or Do Others Misunderstand Him?
Aeon J. Skoble is an outstanding political philosopher, and, to my mind even better, he has honored me by contributing an excellent essay, “Anarchy, Nozick, and Gordon,” to my festschrift, Defending Liberty. In his essay, Skoble responds to my 2009
By pure coincidence, I am the Founding President and Grand Poobah of the newly established National Center for the Valuation of Natural Capital at THE(tm) Ohio State University*
Thirty years ago, I proposed a dissertation topic to establish a set of national income accounts for Green National Income. It was rejected as too grand (and honestly, I had no idea what I was talking about at the time).
A Short Essay on Sound Monetary Policy
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules. Original Article: "A Short Essay on Sound Monetary Policy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor
The line for the self-checkout registers at my neighborhood Albertsons stretched into the store’s produce section. Is this human progress? I wondered, scanning my groceries—this just after I had filled my car’s gas tank at a not-so-convenient convenience store near
Family Destruction and Its Socialist Cheerleaders
Socialists don't just want to take your property; they also are demanding control of your children and loved ones. Original Article: "Family Destruction and Its Socialist Cheerleaders" This Audio Mises Wire is generously sponsored by Christopher Condon.