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Even Republican stalwarts like current Senate Minority Leader Mitch McConnell are starting to notice that something is shifting in the party. While McConnell announced recently that he would step down as Republican leader in the US Senate, in an interview last week he was adamant that he would continue to serve out his term in the Senate with one purpose in mind: “fighting back against the isolationist movement in my own party.”He sounds worried.What McConnell deems...

Overview: The dollar has been confined to narrow ranges ahead of the US CPI report. Given the backup of US rates and the stronger-than-expected jobs growth, the greenback's performance has been unimpressive. The Reserve Bank of New Zealand signaled that it was in no hurry to cut rates and it helped underpin the New Zealand dollar. Up about 0.2% today, it is leading the G10 currencies higher. Strong earnings from TSMC may have helped underpin the Taiwanese dollar...

Many Americans care about the dangers of mass immigration. Are they right to be concerned? In what follows, I’ll try to show that they are right. Immigration of elements hostile to American values does indeed pose a grave threat. But, if we are libertarians, don’t we have to defend “open borders”? I will argue that we don’t.One of the most obvious reasons mass immigration is a problem is its immense cost—hundreds of billions of dollars. A post from November 2023 that...

According to the Bureau of Labor Statistics' latest price inflation data, CPI inflation in March rose to a seven-month high, and price inflation hasn't proven nearly as transitory as the regime's economists have long predicted. According to the BLS, Consumer Price Index (CPI) inflation rose 3.5 percent year over year during March, without seasonal adjustment. That’s the thirty-seventh month in a row of inflation well above the Fed’s arbitrary 2 percent inflation...

The American economy is not all right. But to see why, you need to look beyond the dramatic numbers we keep seeing in the headlines and establishment talking points.Take, for instance, the latest jobs report. For the third month in a row, the American economy added significantly more jobs than most economists had been expecting—a total of 303,000 for March. On its face, that’s a good number.But as Ryan McMaken laid out over the weekend, things don’t look as strong...

Dr. Paul is right! People need to look at the money issue. Wars, spending, debt accumulation, subsidies, and foreign aid are intimately linked to the money machine known as the Federal Reserve.Central banks have two main purposes: inflate the money supply and bail out the big financial firms. By inflating the money supply, governments can finance their operations cheaply and surreptitiously at our expense. If we wish to expose the state and all its...

Bernie Sanders, Elizabeth Warren, and the Congressional Progressive Caucus recently sent an open letter to the chairman of the Federal Reserve, Jerome Powell, demanding lower interest rates.The letter is full of the economic illiteracy one would expect from progressives, especially those in Congress. For example, it misreads price inflation data and argues that the failure to lower interest rates endangers home affordability and increases income inequality. These...

[unable to retrieve full-text content]When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies. [embedded content] Tags: Featured,newsletter

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter