Inflation rates are continuing to rise across the globe, with the UK arguably leading this trend. More specifically, the UK inflation rate hit 10.7% in November, and while it dipped slightly from a peak of 11.1% in October, it remained considerably higher than the Bank of England’s target of 2%. This is impacting the cost of energy and food items markedly, creating a cost-of-living crisis as inflation continues to outstrip earnings across multiple industries. With...
Read More »The Mises Institute’s Goal Is a World Free of War and Politics. Will You Stand by Our Side?
Dear Friend, In the midst of this busy Christmas season, I want to make sure you received our year-end letter from Lew Rockwell. If you already responded, thank you! But if not, will you take a minute today to make your most generous contribution and support the Mises Institute? We are all thankful to have the political season of 2022 over, but now the 2024 presidential election looms like a bad moon. The midterms solved nothing and brought no relief to a divided and...
Read More »January 2023
The US dollar's bull market appears to have come to a climactic end late in Q3 22 and early Q4. In the last three months of 2022, the G10 currencies, except the Canadian dollar, rose by more than 5% against the greenback. In addition, six of the G10 currencies appreciated more than 7.5%. Such significant moves are often followed by consolidation and corrections. These countertrend moves can offer new opportunities to adjust currency exposures.Three main...
Read More »Economic Growth Requires Savings, Not Money Pumping
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings. Original Article: "Economic Growth Requires Savings, Not Money Pumping" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags:...
Read More »The Radio Rothbard (Mostly Negative) Predictions for 2023
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look ahead to 2023 with a handful of predictions for the new year. They even manage to find one reason for optimism! Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. [embedded content] Tags: Featured,newsletter
Read More »Behavioral Economics Challenges the Rationality of Consumer Choices
A relatively new area of study in economics, behavioral economics, has started to gain popularity. The behavioral economics framework emerged because of dissatisfaction with the neoclassical theory regarding consumer choice. A major problem with the neoclassical theory is that human beings are presented as if hardwired with a scale of preferences. Regardless of circumstances, this scale is considered to remain the same at all times. Mainstream economics argues that,...
Read More »A (True) Thanksgiving Tale of Socialism in America and Israel
The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content]...
Read More »The Fed’s fed funds target isn’t about funds, it’s about the Fed and it shouldn’t be.
Why does the Federal Reserve still use the federal funds rate as its main policy lever? The answer is control. Not over money itself, rather realizing this policymakers seek instead control over how everyone else thinks about money, finance, and the economy. Listen closely to what's actually being said. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com...
Read More »Wishing all of you a political incorrect Merry Christmas
I had the pleasure to have a conversation with Jerm about left and right, the logic of political correctness, Western Civilization and Christmas.I hope you like it. click on the link below to listen to it https://tntradiolive.podbean.com/e/claudio-grass-on-jerm-warfare-with-jeremy-nell-23-december-2022/ This work is licensed under a Creative Commons Attribution 4.0 International License. Therefore please feel free to share and you can subscribe for...
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