I have had the great privilege of travelling to 40 American cities in just about as many states and to 15 European countries in the last four months, in the waning days of the great COVID panic, and I have learned many things about our great and self-conscious nation. It may have escaped […]
PM Justin Trudeau has decided to move forward with his cap on nitrogen emissions by reducing fertilizer use even as provincial Agriculture Ministers beg him to stop. As per a Government of Saskatchewan news release, both Alberta and Saskatchewan’s Ministers of Agriculture have expressed «profound disappointment» in Trudeau’s decision to attempt to […]
Readers of the Mises Wire are most likely familiar with the Volcker moment. This was when former Fed chair Paul Volcker, in the face of steep price inflation, skyrocketed rates to nearly 20 percent. While critics of the Volcker moment complain that such a move also skyrocketed unemployment to almost 11 percent, it cannot be […]
Consequently, it does not follow that an increase in government outlays and loose monetary policy will lead to an increase in the economy’s output. It is not possible to lift the overall production without the necessary support from the flow of savings. Assume the baker has decided to build another oven in order […]
Inflation is a mechanism that government people use to fund wars, tyrannical governments, and favors to cronies. Inflation takes away significant fractions of the real value of savings. Savings are accumulated slowly. Inflation depletes savings’ real value quickly. Inflation most greatly hurts the people who earn less income and retirees, whose income doesn’t inflate as much […]
Shares of AT&T fell on Thursday after CEO John Stankey said that customers are starting to put off paying their phone bills – which resulted in the wireless carrier cutting this year’s forecast for free cash flow by $2 billion, Bloomberg reports. Shares fell as much as 11% in early trading, the company’s […]
The Federal Reserve has sabotaged the economy since 1913 with its socialistic interventions. Every single boom created via its artificial credit expansion has resulted in disaster, which includes the Great Depression, which was caused by nearly a decade of inflation that begun as an effort to help finance the government’s involvement in World […]
There’s a ton of focus in financial media about how high energy prices will go, or how low they will fall. However, I think a lesser-understood aspect of this current energy and inflation problem relates to time. The Integral of Energy Prices One reason I’ve been structurally bullish on energy stocks is that […]
Faced with a deepening economic and humanitarian crisis, Sri Lanka called off an ill-conceived national experiment in organic agriculture this winter. Sri Lankan President Gotabaya Rajapaksa promised in his 2019 election campaign to transition the country’s farmers to organic agriculture over a period of 10 years. Last April, Rajapaksa’s government made good on that […]
«Germany’s social peace is in great danger». Unfortunately, as tensions over Russia’s war in Ukraine escalate, officials fear the situation could get worse. On Monday, as we reported last week, Russia is shutting down its main pipeline to Germany, Nord Stream 1, for 10 days of scheduled maintenance. Many in Berlin fear it will never reopen. «The situation on […]