Guido Hülsmann’s The Ethics of Money Production is a masterclass both on the fundamentals of money and the disastrous moral consequences of monetary “policy.” Inflation is not only an economic problem which impoverishes us materially, but a deeply corrosive force in society for individuals. There
The French political philosopher Pierre Manent has a view of politics that my readers are likely to reject, and rightly so. He has written a great deal about the French classical liberals, especially Tocqueville, but his heart lies more in the study of the classics.
Thanks to politics, confirmation bias, and bad monetary economics, central banks have a lousy record when it comes to economic forecasts. Original Article: “Why Mainstream Economic Forecasts Are So Often Wrong“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The global economy is likely to make good progress along the path to recovery over the cyclical horizon, especially in the second half of 2021. However, much of this growth is already priced in to markets. Investors should also beware of several macro risks that
Winning two Georgia Senate races gives Democrats control of the U.S. Senate by the narrowest of margins – and for the fourth time in the history of the Republic there will be a 50–50 Senate with Vice President-elect Kamala Harris able to cast the 51st
At the December 2020 meeting of the Federal Open Market Committee (FOMC), the Fed kept the pace and composition of its asset purchases unchanged, but provided new forward guidance, in line with expectations. According to the Fed statement, the current pace of asset purchases will