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Joe Weisenthal is an editor and host at Bloomberg who has recently been using his large Twitter platform to cast stones at the inflation hawks. In one recent thread, Weisenthal mocked the people worried about the falling purchasing power of the US dollar, and claimed in fact that it would be immoral for currency to maintain its value over time. As

In a  recent NYT column , economist Paul Krugman mocks Florida Governor Ron DeSantis, who warned that a central bank digital currency (CBDC) would give the government too much power over Americans. Specifically, DeSantis argued that the feds could use a CBDC to further implement the “woke” agenda, penalizing Floridians if they bought too much gas

Listen to  the  Audio Mises Wire  version  of this article. Amid the controversy over GameStop , many cynics argued that something sinister was clearly afoot because the hedge funds had  shorted 138 percent of the outstanding (floating) shares . In this article I’ll review that particular claim, as well as another seemingly dubious practice,

Listen to  the  Audio Mises Wire  version  of this article. In the wake of February’s tragic power outages in Texas , during which 4.5 million households suffered service interruptions, partisans on both sides have been quick to interpret the events as confirmation of their preferred energy policies. With news images of helicopters deicing frozen

Robert Mundell, winner of the Economics Nobel in 1999 , recently passed away at the age of eighty-eight. As many of the obituaries have explained, Mundell is considered the intellectual father of the euro and was associated with the supply-side revolution in economics in the early 1980s. However, in this article I will focus on his earlier,

In a recent column for the New York Times , the world’s most famous Keynesian, Paul Krugman, attacked Austrian business cycle theory (ABCT). In addition to repeating his decades-old claim that ABCT suffers from an internal contradiction, as well as his charge that the Austrians misdiagnosed the 2008 financial crisis, in his latest piece Krugman

Jeff Deist: You recently completed a series of articles for the Mises Institute, which we will publish in book form, on how money works today. Why is it important for average people to understand the mechanics of the plumbing of central and commercial banks? Bob Murphy: There’s two main reasons. First, it’s intrinsically interesting. That’s why I

President Biden claimed during his Super Bowl interview that “all the economics show” that if the government imposes a $15 minimum wage then “the whole economy rises.” For his part, Nobel laureate Paul Krugman has claimed for years that “[t]here’s just no evidence that raising the minimum wage costs jobs, at least when the starting point is as low

David Friedman recently posted a critique of Austrian economics as laid out in the Rothbardian tradition. In his essay, Friedman repeats a claim he has made before —namely that economists used to agree with the Austrians that utility was ordinal, but after the publication of John von Neumann and Oskar Morgenstern’s work on game theory in 1947, it

The government’s latest report puts the twelve-month official consumer price inflation rate at 8.5 percent, the highest since December 1981: My Worst Professional Mistake Before diving into it, I need to address a problem: my hands-down worst professional mistake occurred during the early years of the Fed’s “QE” (quantitative easing) programs,