The Wall Street Journal today brings word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, ...those higher interest rates are making mortgages more expensive...
Monetary
Elizabeth Warren is Wrong to Call Crypto ‘the Preferred Tool for Terrorists’
by Jennifer Schulp Jack Solowey and Nicholas Anthony | Jan 31, 2023 | Featured Articles
Last week, the Justice Department announced criminal charges against Anatoly Legkodymov for violating anti‐money laundering laws while operating Bitzlato, an off‐shore crypto exchange alleged to have processed over $700 million in illicit funds over several years....
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...
Living in the World Hamilton Designed
by Dave Benner | Jan 19, 2023 | Featured Articles
Today [January 11] in 1757, it is generally believed Alexander Hamilton was born. As John Adams put it, he was “the bastard brat of a Scottish peddler.” Born out of wedlock on the British isle of Nevis, Hamilton would become one of the most influential political...
David Stockman’s Explainer to the 2023 Economy
by David Stockman | Jan 12, 2023 | Economics, Featured Articles
You can count on the knuckleheads at Bloomberg to start off the year with still another dead-wrong proposition. That is, more nonsense about the “strong” labor market—-one so strong that it is purportedly even defying the mighty Fed. The latest US employment report is...
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...
Cops Killed More Than 1,100 People in 2022, Deadliest Year on Record
by Matt Agorist | Jan 4, 2023 | Criminal Justice, Featured Articles
As 2023 begins, American police polish off another deadly year, ending 1,176 lives in 2022. This number is a new record for police killings in America and yet still, it is set to increase by one, on average, every 8 hours. Since 2018, cops in America have killed 5,668...
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...
Omnibus Bill Shows Congress’ Priority Is Not Americans
by Ron Paul | Dec 28, 2022 | Featured Articles, Foreign Policy, Politics
Those hoping for a Christmastime government shutdown were once again disappointed when Congress passed a 4,000-page, $1.7 trillion omnibus appropriations bill that few, if any, Representatives and Senators read before voting on. The Republican leadership celebrated...
Empirically, Interest Rate Manipulation Doesn’t Work
by Thomas Eddlem | Dec 19, 2022 | Economics, Featured Articles
It’s an economic article of faith among almost every school of economic thought that central banks raising interest rates curtails economic growth and lowering interest rates stimulates short-run economic growth. The problem with this assertion by nearly every...
Turning Down the Noise in the CPI Numbers
by David Stockman | Dec 15, 2022 | Economics, Featured Articles
So the talking heads of bubblevision think inflation is abating, but what about this: Federal revenues in November posted at $252 billion—10.3% below last November—while spending came in at $501 billion. And the latter included an ominous +53% rise in Federal debt...
No, Tax Cuts Don’t Cause Inflation
by Daniel Lacalle | Dec 14, 2022 | Economics, Featured Articles
The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the...
The ‘Mother of All Economic Crises’
by Ron Paul | Dec 13, 2022 | Economics, Featured Articles
Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
Blog
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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