News
Bank of Japan raises rates to 31-year high, flags more to come
9+ hour, 29+ min ago (136+ words) BOJ says it may "tighten further as it focuses on taming price pressures from the Iran-war-induced energy shock. According to AOC and Bernie Sanders, it is impossible for someone to obtain a billion dollars of income by any means beyond…...
Raising Interest Rates Does Not Counter Inflation
4+ hour, 3+ min ago (163+ words) When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy. Original article: https: //mises. org/mises-wire…...
April Money Supply Growth Hit a 49-Month High. And Prices Soared.
1+ day, 1+ hour ago (125+ words) In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth. Original article: https: //mises. org/mises-wire/april-money-supply-growth-hit-49-month-high-and-prices-soared April Money Supply Growth Hit…...
Federal Reserve surveys warn of rising inflation and food costs in 2026
1+ day, 7+ hour ago (170+ words) It turns out printing $6 trillion during the Covid Panic has some longer term effects." The very term "environmental activist" tells us that Greta and her ilk care not a whit for the betterment of mankind, except in the most theoretical…...
The Fed's Real Job: Propping Up Dollar Reserve Currency Status
3+ day, 2+ hour ago (290+ words) Bob sits down with economists Alexander Salter and Joshua Hendrickson to discuss their new paper arguing that the standard Austrian critique of the Fed while correct, is fundamentally incomplete. They argue that the Fed's actual institutional role is to backstop…...
The Crisis at the Fed That No One Talks About
3+ day, 17+ hour ago (28+ words) Of all the issues facing the Federal Reserve's new chairman, Kevin Warsh, one that gets little public attention is the financial condition of the Fed itself. In...
AI, Creative Destruction, and the Politicization of Economic Change
5+ day, 20+ hour ago (685+ words) The debate is often framed as a struggle between technological progress and employment. But that is not the real issue. The more important question is whether economic decisions will remain economic or become increasingly political. China's response to artificial intelligence…...
Kitco Interview - Warsh Nomination Was the Biggest "Hit Job" on Precious Metals
3+ week, 3+ day ago (203+ words) The American consumer is flashing historic warning signs, yet Wall Street is celebrating record corporate earnings. How are both true at the same time? Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist, joins Kitco News anchor…...
A Scholarly Takedown of MMT: Emmanuel Maggiori on the Theory's Fatal Flaws
6+ day, 21+ hour ago (297+ words) Bob sits down with economist Emmanuel Maggiori to discuss his new book If You Can Just Print Money, Why Do I Pay Taxes? , a carefully researched, point-by-point critique of Modern Monetary Theory that engages MMT on its own terms, drawing…...
Is the US Economy Headed for a Bust?
1+ week, 1+ day ago (828+ words) There is a high likelihood that, due to the past large decline in the yearly growth rate of the money supply, the US economy is heading towards an economic bust. Note that the yearly growth rate of money supply fell…...