Mises Institute

The Fed’s Federal Open Market Committee (FOMC) released a new statement today purporting to outline the FOMC’s plans for the next several months. According to the committee’s press release: With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate. The Committee decided to continue to red...

Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the “Great Reset.” Mentioned in the Episode and Other Links of Interest: Klaus Schwab and Prince Charles promoting the “Great Reset” The World Economic Forum’s page on the Great Reset An example of a session from the WEF’s Davos Agenda 2021 conference The WEF’s bio for...

Bob continues his series on Klaus Schwab, explaining the WEF’s plans for redesigning the world, and providing quotes from Schwab’s book on the fourth industrial revolution. Mentioned in the Episode and Other Links of Interest: Part 1 of this series The WEF’s bio for its founder , Klaus Schwab Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset The WEF’s Global Redes...

Most of us, and all of us most of the time, deal with the market economy as a definite type of economic order, a sort of "economic technique" as opposed to the socialist "technique." For this view, it is significant that we call its constructional principle the "price mechanism." Here we move in the world of prices, of markets, of supply and demand, of competition, of wage rates, of interest ra...

2021 was the year of binge spending. 2022 is likely to be a hangover. Original Article: " 2022: The Year of the Hangover? " This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

The history of economic development cannot be understood without the importance of recession periods. Recessions are often the result of the excess accumulated in previous years. Creative destruction after a period of excess used to drive a stronger recovery and continued economic development. That was until risky assets became the biggest concern for policymakers. From the late seventies and e...

The transformation of Jeffersonians into National Republicans continues under President James Madison. Following the Louisiana Purchase, the new administration sets its eyes on Florida and Canada for new American expansion. The result is the disastrous War of 1812 and the rise of a new central bank. Recommended Reading "The Feds Before the Fed" by Scott Trask — Mises.org/LP6_A "Our Oligarchs Ca...

Turkey's President Erdoğan faces a series of crises as the lira collapses and the state's central bank steps in to clean up the mess. Original Article: " Turkey's Economy Is in Big Trouble " This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Contractionary monetary policy may be necessary to slow the rise of inflation, but the recessionary results of this remind us why the Fed's inflationary policy is so dangerous. Original Article: " Inflation or Recession? The Fed Faces a Choice. " This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Woke supremacy has been taking a toll on Western civilization. The casualties of wokeness are too many and sundry to track. But we should not forget that wokeness was first germinated in higher education, from whence it metastasized to the wider social body. The academy is the cathedral pulpit from which the ideological dictates of the elite flow downward to the hoi polloi. According to David A...

Bob critiques a Guardian article from an economist favoring price controls, and explains his argument with Joe Weisenthal about the social benefit of saving actual cash. Mentioned in the Episode and Other Links of Interest: Dr. Keith Smith (of the Surgery Center of Oklahoma) contact page . The Guardian article advocating price controls. Murphy Mises.org critique of Weisenthal . Murphy article o...

"There isn't anyone around who is willing to stand up and say, 'I'm a fascist; I think fascism is a great social and economic system.'" Everyone knows that the term fascist is a pejorative, often used to describe any political position a speaker doesn't like. There isn't anyone around who is willing to stand up and say, 'I'm a fascist; I think fascism is a great social and economic system." But...

Overall, at least 50 percent of the consumer price index in Japan appears to be government controlled, which is reflected in the significant growth of government spending on subsidies. Original Article: " Japan's Inflation Is Hidden behind Central Bank–Financed Subsidies " This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

I was recently on a road trip to Missouri where I saw a sign that indicated that I was on the famed Route 66, a U.S. highway that ran from Chicago to Los Angeles from the 1920s through the 1960s. Although I grew up in South Texas, as a kid I was very familiar with Route 66 because one of my favorite television programs was “Route 66,” which starred Martin Milner and George Maharis. The show fea...

For entrepreneurs, design is not just lines and shapes and colors and decoration, and it’s not just the look and functioning of a website or a building or another object. It’s a process of advancing from an idea or concept to marketplace realization as a customer-desired new service PR product. In fact, according to Professor Henrik Berglund, entrepreneurship is design. Key Takeaways and Action...