Mises Institute

We are told that it takes “eternal vigilance” to protect our freedom. But what if the entity taking away our freedom has the weapons and the “law” on its side?

Some economists have claimed that “transparent” monetary policy in which the Fed operates predictably will lessen the chances of the boom and bust cycles happening. It isn’t the lack of transparency that creates business cycles; it is Fed-caused malinvestments.

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

We are reminded time and again that prices emerge from subjective valuation, not objective criteria.

If prices are instrumental in providing needed information to market participants, then inflation can be seen as introducing static into the system, creating more uncertainty and leading to bad choices.

The word “democracy” is almost sacrosanct in modern society, yet what advocates call “our democracy” is not what it claims to be. Real democracy can be found in the workings of the free market, not the political halls.