The Us Bureau of Labor Statistics released new producer price index (PPI) data today , and it’s not good news for consumers. The PPI is a measure of prices at the production phase of goods and services, and is often an indicator of where consumer prices are headed. Prior to 1978, the index was known as the wholesale price index. For April this
For parents who rely on baby formula—whether by choice or due to medical necessity—the nationwide baby formula shortage has become increasingly difficult to ignore. According to the Wall Street Journal , Walgreens, Target, CVS, and Kroger have all begun rationing supplies of formula. Covid lockdowns, combined with a product recall by formula
McDonald’s Corporation has announced that it will permanently leave Russia, closing 850 outlets. The company’s chief executive, Chris Kempczinski, explained that the move was motivated by “the humanitarian crisis caused by the war in Ukraine” and that the current situation does not offer “the same hope and promise that led us to enter the
Both Sweden and Finland have applied for membership within the North Atlantic Treaty Organization this week, with both countries ending their long-standing policy of neutrality. On Wednesday, several NATO members announced they would immediately extend NATO-like military defense to both Finland and Sweden. In a joint statement , Denmark, Iceland,
In this video panel on central bank digital currencies (CBDCs), Mises Institute Senior Fellow Alex Pollock moderates a discussion on what CBDCs could mean for the banking sector and the monetary system overall. Panelists include: Bert Ely, Principal, Ely & Company, Inc. Chris Giancarlo, Senior Counsel, Willkie Digital Works LLP; Former Chairman,
The abortion debate in the United States has become essentially a debate over how much abortion policy ought to be centralized at the federal level. Given that there is no real chance of a nationwide abortion ban, whether or not the US Supreme Court strikes down Roe v. Wade is a question of whether or not abortion policy will become the domain of
Since the Civil War, perhaps no development in American law or politics has done more to expand the de jure power of the federal government than the Incorporation Doctrine. This legal doctrine took a Bill of Rights designed to limit federal power over the states and did exactly the opposite: it greatly expanded the role of the federal government
In response to the Robb Elementary School shooting in Texas this week, one now sees repeated claims that school shootings are somehow “normal” or common in the United States. For example, social media at this moment is teeming with users—assuming they’re not bots—posting about how they’re absolutely terrified of the idea of allowing their children
First it was Columbine. Then it was Parkland. Now, we learn that at Robb Elementary School, police officers again stood around outside a school while the killer was inside with children. NPR reports today : Frustrated onlookers urged police officers to charge into the Texas elementary school where a gunman’s rampage killed 19 children and two
One remarkable aspect of the coverage of the Uvalde shooting is how quickly the narrative has gone praising police heroics to exposing the law enforcement agents’ complete, total, and shameful failure. Simultaneously, police apologists’ excuses have repeatedly changed as well. Among these excuses has been the claim that the Uvalde police were
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.