The most recent edition of the US Army War College’s academic journal includes a highly disturbing essay on what lessons the US military should take away from the continuing war in Ukraine. By far the most concerning and most relevant section for the average American citizen is a subsection entitled “Casualties, Replacements, and Reconstitutions” which, to cut right to the chase, directly states, “Large-scale combat operations troop requirements may well require a...
Read More »Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception
The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle. Original Article: Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception [embedded content] Tags: Featured,newsletter...
Read More »Even Though They Are in Long-Term Decline, Labor Unions Still Threaten the Economy
Recently, anyone who pays attention to current events has been assaulted with the news that both the Hollywood actors’ and writers’ unions are striking simultaneously for the first time since 1960. Workers for UPS also recently reached a deal with their employer after threats of a nationwide strike by the Teamsters union. Although many may think that unions are a thing of the past and are no longer relevant, they clearly remain both a political and economic force to...
Read More »August Price Inflation Accelerated, and the Fed Fears More Is in Store
Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations. Original Article: August Price Inflation Accelerated, and the Fed Fears More Is in Store [embedded content] Tags:...
Read More »Our Fall Campaign Starts Today!
The mission of the Mises Institute is simple. We want to spread the ideas of Ludwig von Mises and the scholars he inspired. Ideas that are vital for a free and prosperous civilization. We do this through our student programs, our popular articles, our podcasts, one of the largest free economic libraries available online, and our new animated videos for beginners. Online and in person, we attack the state, the political class, and their crony clients—without exception...
Read More »The State against Anonymity
In the last century, states have had great control over channels of media. In most of the West, lobbying groups and cartels working with “liberal” and “democratic” governments regulated who could broadcast while governments, with their endless pools of money and political force, competed alongside private, or foreign, establishments. South Africa banned television entirely, and then after legalizing it in the ’70s, the industry was still controlled by the state. All...
Read More »There Is No Fed Magic Trick to Achieve a Soft Landing
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn. Original Article: There Is No Fed Magic Trick to Achieve a Soft Landing [embedded content] Tags: Featured,newsletter
Read More »The Chinese Economy: Market Socialism with Chinese Characteristics
China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism. Original Article: The Chinese Economy: Market Socialism with Chinese Characteristics [embedded content] Tags: Featured,newsletter
Read More »The State as Modern-Day Superstition: Unraveling the Illusions of Authority
To progressive elites, the state (at least one run by progressives) is omniscient and all-powerful. To anyone with understanding, the state is an entity usually run by gangsters. Original Article: The State as Modern-Day Superstition: Unraveling the Illusions of Authority [embedded content] Tags: Featured,newsletter
Read More »Touch-and-Go
In this week's episode, Mark interprets the Fed's new economic projections for the economy, in which the Fed "doubles-down" on current economic growth and the economy's prospects moving forward. Essentially, the Fed is saying that they are taking us from the "touch-and-go" economy of the last three years to a touch-and-go landing, where the economy will take off and perform much better than anyone anticipates. Don't bet on it. Be sure to follow Minor Issues...
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