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In case you haven’t noticed, America is “deeply divided.” At least, that’s what a seemingly nonstop stream of headlines from major media sources would have us believe. “Trump Leaves America at Its Most Divided since the Civil War,” reads one CNN headline from earlier this year. Meanwhile, in his speeches from the first few months of his

In a follow up to his recent Mises Wire article, “ Paying People Not to Work Won’t Make Us Richer ,” Paul Prentice explains in more detail why monetary and fiscal “stimulus” won’t fix the

If one were to go only on what one reads or sees in the media, one would think it’s the spring of 2020 all over again. The headlines are filled with stories of overcrowded hospitals, overwhelmed medical personnel, and predictions of people dying in parking lots waiting for medical care. The news articles generally quote a staffer of some kind at

In early July, Ron Paul penned a column titled “ It’s Saigon In Afghanistan ,” invoking the imagery of the fall of Saigon in 1975, when US military helicopters scrambled to evacuate personnel from the roof of the US embassy. But Paul suggested that maybe the situation in Afghanistan was “perhaps not as dramatic” as the situation in Saigon

When it comes to policy debates, it’s now pretty clear that if you’d like to sound very quaint and old fashioned, be sure to express some concerns over the size of the federal budget and deficit spending. Such concerns are now taken about as seriously by the average politician in Washington as is the constitutionality of the PATRIOT Act. Virtually

With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond purchases, which would “effectively increase interest rates.“ Much of the discussion over the Fed’s policies on

The policy response to the covid panic of 2020 in the United States was one of the most widespread  direct attacks on fundamental human rights in decades. Overnight—and without any deliberation, debate, or checks and balances—millions of Americans were denied their basic rights to seek employment, to freely assemble, and to engage in religious

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.25 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

Money supply growth fell again in April, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years.  April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly,

It is not uncommon to encounter political theorists and pundits who insist that political centralization is a boon to economic growth. In both cases, it is claimed the presence of a unifying central regime—whether in Brussels or in Washington, DC, for example—is essential in ensuring the efficient and free flow of goods throughout a large