On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the U.S. dollar,...
Ludwig von Mises
Price Inflation Slows, But the Economy Keeps Getting Worse
by Ryan McMaken | Jan 26, 2023 | Economics, Featured Articles
The U.S. Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the...
The Idea of Making a ‘Trillion Dollar Coin’ Is Still Dumb
by Ryan McMaken | Jan 24, 2023 | Economics, Featured Articles
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 U.S. might default on some of its debt. Some commentators will insist the U.S. has never defaulted, and that...
Instead of Saving Face, Let’s Save Lives in Ukraine
by Joseph Solis-Mullen | Jan 18, 2023 | Featured Articles, Foreign Policy
Whenever asked about whether the U.S. will change its policy regarding the conflict in Ukraine, to start pushing for Kiev to enter negotiations rather than apparently providing as much money and as many weapons as they ask for, the Biden administration’s refrain has...
1/13/23 Hunter DeRensis on Defend The Guard in 2023
by Scott Horton | Jan 16, 2023 | The Scott Horton Show
Download Episode. Hunter DeRensis joins the show to talk about the year ahead in the effort to pass Defend the Guard legislation. DeRensis reviews what the legislation is and where it stands in state legislatures around the country. The two also discuss some recent...
Joe Biden Is Lying About the Jobs Numbers
by Ryan McMaken | Jan 11, 2023 | Economics, Featured Articles
The personal savings rate is near seventeen-year lows. Credit card debt is at record levels. Millions of prime-age workers have quit the job market, and full-time employment continues to wither. On the other hand, the Biden Administration wants you to think things...
Only a Virtuous People Can Sustain A Republic
by Jeffrey Wernick | Jan 10, 2023 | Featured Articles
Some claim we are a democracy. Others a constitutional republic. Many find it difficult to reconcile the differences. There are those who might agree that our rule of law is based around the Constitution, but completely disagree about how the Constitution should be...
Stop Confusing Globalization With Globalism
by Connor O'Keeffe | Jan 5, 2023 | Economics, Featured Articles
After the 2008 financial crisis, calls rang out across establishment publications and the executive offices of Wall Street that we were witnessing the death of globalization. The calls grew louder and more numerous after Brexit, the election of Donald Trump, the...
Learning Economics From the Catholics
by Connor Mortell | Jan 3, 2023 | Economics, Featured Articles
While the average person thinks economics begins with Adam Smith and his Wealth of Nations, readers of the Mises Wire know that the story goes back much further than that. Members of the Austrian school commonly describe their earliest intellectual predecessors, the...
Where Have All the Working Men Gone?
by Ryan McMaken | Dec 29, 2022 | Economics, Featured Articles
Last week, CNN featured a story called "Men are dropping out of the workforce. Here's why" The article went on to tell us virtually nothing at all about why so many men are leaving the workforce. Although as many as seven million men have stayed out of the workforce...
How COVID Lockdowns Shifted Population Growth
by Ryan McMaken | Dec 27, 2022 | Featured Articles
Florida Governor Ron DeSantis has frequently bragged that Florida is in high demand among people looking to relocate. In a new report released this week from the Census Bureau, it seems that he's been correct. According to the Bureau's report: After decades of rapid...
Self-Determination for Thee, But Not for Me
by Ryan McMaken | Dec 22, 2022 | Featured Articles
Opponents of secession in the United States often choose from several reasons as to why they think no member state of the United States should be allowed to separate from the rest of the confederation. Some antisecessionists say it’s bad for national security reasons....
Capitalism is a Machine of Subjective Value
by Zack Sorenson | Dec 21, 2022 | Economics, Featured Articles
What is economics and why do we care about it? The economy is what we do and why we do it. Reality introduces scarcity to that equation, and competition results. Our desires and values translate into actions, and competition translates those actions into strategies...
Remembering the Tea Party, Fifteen Years Later
by Dale Steinreich | Dec 19, 2022 | Featured Articles, Politics
December 16, 2022, is the fifteenth anniversary of the modern Tea Party. That fact will come as a surprise to many readers who take the mainstream narrative about the Tea Party at face value. The mainstream account begins on February 19, 2009, when Rick Santelli, live...
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Reminder: Volodymyr Zelenskyy Almost Started a World War Based on a Lie
On November 15th, the Associated Press reported that "A senior U.S. intelligence official says Russian missiles crossed into NATO member Poland, killing two people". Since Poland is a member of the North American Treaty Organization, that would mean that America along...
Christopher Hitchens Lied About the Cause of Terrorism
"The suicide murder community is almost perfectly faith based." - Christopher Hitchens On Real Time With Bill Maher, Hitchens claims that because an Islamist in the 1800's used the Koran to justify atrocities, it means that today the issue with Al-Qaeda is due to the...
War is a Euphemism for Mass Murder
To kill one man is to be guilty of a capital crime, to kill ten men is to increase the guilt tenfold, to kill a hundred men is to increase it a hundredfold. This the rulers of the earth all recognize, and yet when it comes to the greatest crime — waging war on another...
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Death By Climate: Down 97% in Last 100 Years
Our schools provide many hours of lessons on climate change, but I wonder how many teachers, let alone pupils, are aware that climate-related deaths have decreased by as much as 97 per cent over the past 100 years, as the OFDA / CRED data show. - Why don’t we ever...
Black Youth Unemployment: Before and After Progressives Started “Helping”
A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
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