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Tag Archives: Featured

The Fed and the Fate of the Dollar

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023. Special thanks to Murray and Florence M. Sabrin for making this event possible. Read Bob's book Understanding Money Mechanics: Mises.org/Mechanics The Fed and the Fate of the Dollar | Bob Murphy Video of The Fed and the Fate of the Dollar | Bob Murphy [embedded content]...

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Are We Headed for a Recession in 2024?

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023. Special thanks to Murray and Florence M. Sabrin for making this event possible. Are We Headed for a Recession in 2024? | Patrick Newman Video of Are We Headed for a Recession in 2024? | Patrick Newman [embedded content]...

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Four Economic Activities and the Wealth of Nations

Trading, forecasting, aggregating, and innovating—referred to from here on out as the Four—are activities that people have engaged in since the beginning of humanity. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. The Four are key social interactions in human life at both the individual and aggregate levels. In 2022, the value of worldwide global exports amounted...

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Who Changed: Powell or the Market?

Overview:  A poor reception to the 30-year Treasury sale and Federal Reserve Powell pledged to raise rates again, if necessary, not exactly a new ground, but it spooked the doves--driving rates sharply higher and fueling a strong dollar recovery. There was a large five basis point tail on the bond sale. The eight-day rally in the S&P 500 and nine-day advance in the NASDAQ was snapped like dry kindling. The S&P 500 comes into today down on the week. The...

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The Fed Has No Plan, and Is Just Hoping for the Best

The Federal Reserve’s Federal Open Market Committee (FOMC) last week left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021. I say "believe," but perhaps the more appropriate word here is "hope."  That is: the...

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The Invisible Court’s Verdict: You Are Hereby Exiled to Digital Siberia

As in the Gulag it replicates, the innocent are swept up with the guilty in a disconcertingly unjust ratio. The human mind is not particularly well-adapted to polycrisis: we struggle to adapt to the drought, then the earthquake knocks down the village walls, then the tsunami pounds what was left, followed by the epic flooding, then the hurricane batters the survivors, who witness the volcano erupting and wonder what they did to anger the gods and goddesses so...

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False Virtue: The Life and Death of “American Exceptionalism”

The impending decline of the dollar is apparently imposing a real Halloween scare on the American foreign policy establishment. An August 22, 2023, article on the Council on Foreign Relations website entitled “The Future of Dollar Hegemony” explained that  the dollar’s global hegemony gives the U.S. government power to impose crippling sanctions and wage other forms of financial welfare against adversaries. . . . In 2022, more than twelve thousand entities were under...

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Dollar Hegemony Fuels America’s Foreign Crusades

Mises Institute president Thomas DiLorenzo joins Ryan and Tho to discuss the moralistic claims behind American foreign policy. These claims intensified with the American Civil War and became a creed of American nationalists by the twentieth century. With the rise of the global dollar and dollar hegemony, America's foreign crusades became ever larger and more frequent.  "False Virtue: The Life and Death of 'American Exceptionalism'" by Thomas J....

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