Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of the US dollar was not only possible, but perhaps even imminent. CNN last week also aired its own segment suggesting
As evidenced by a number of recent policy changes in China, Russia, Saudi Arabia, and Brazil, the status of the US dollar as the world’s reserve currency is under coordinated attack. Efforts to dethrone the dollar, however, will require time and luck in favor of antidollar forces. For now, however, the US dollar is the most preferred currency for
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 311,000 jobs (seasonally adjusted) in February, which was nearly 100,000 jobs above expectations . The unemployment rate rose slightly from 3.4 percent to 3.6 percent (month over month) but this partly
Listen to the Audio Mises Wire version of this article. Last month, a group of activists in Weld County, Colorado, began floating the idea that the county should leave Colorado and be annexed by the State of Wyoming. Weld County borders Wyoming on the north and runs southward to the northern part of the Denver metro area. It is the
Dominion Voting Systems is suing MyPillow CEO Mike Lindell for $1.3 billion. This comes in the wake of other Dominion lawsuits against Trump advisors Rudy Giuliani and Sidney Powell. All are accused of lying about Dominion’s supposed complicity in using the company’s vote-counting software to favor presidential candidate Joe Biden in the 2020
As the dust settles following the GameStop frenzy in late January, it is clear that one of the biggest losers in the controversy in Robinhood. Robinhood is a trading app that markets itself as a platform for ordinary retail investors seeking to buy and sell securities without the cost of an expensive broker. Or, more romantically, Robinhood claims
Listen to the Audio Mises Wire version of this article. In many school districts across the nation, public school teachers still don’t want to go back to work. Private sector workers have long been hard at work in kitchens, at construction sites, and in hardware and grocery stores. Meanwhile, from Seattle , to Los Angeles , and to Berkeley,
In January, money supply growth hit a new all-time high, rising slightly above September 2020’s previous high, and remaining well above growth levels that one year ago would have been considered unthinkable. January’s surge in money-supply growth makes January the tenth month in a row of remarkably high growth, and came in the wake of
In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February . Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over month, which was above the expected increase of 210,000. That might sound great to some, but a closer look suggests jobs growth is quite a bit more sedate than
Listen to the Audio Mises Wire version of this article. We’ve entered a new era of politics and government in America, and the Left is pretty happy about it. This week, for example, The Guardian announced, “ Biden’s $1.9tn Covid Relief Bill Marks an End to Four Decades of Reaganism .” From this point of view, “Reaganism” is code for extreme
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.