A cashless society would be the nail in the coffin for liberty and freedom, offering centralization, the likes of which Marx could only dream. The existence of a government backdoor or spyware becomes a real possibility, and given the State’s track record, a real likelihood. Then, of course, the ability to track, freeze, and even set expiry dates
In a recent speech , one of the lesser-known Fed Governors, Philip N. Jefferson, discussed the importance of having a home: Beyond location, a home provides both basic needs, such as shelter, and invaluable benefits, such as a sense of personal safety and dignity. It is a refuge in which our minds and bodies can recuperate and regenerate so we are
In a city that looks like Paris meets the Iron Curtain, with nice restaurants, city tours, and where I was even able to shoot an AK-47 at a gun range (after going through training and while under supervision), I attended the 2022 Liberty in our Lifetime event in Prague. Last month the “City of 100 Spires” hosted an international gathering of
Think about it. FTX collapsed (probable theft/ponzi scheme), therefore calls for regulation increase. Should this become reality, consider the implications to follow, starting with a new government agency; let’s call it the Department of Regulating Cryptocurrencies or DORC for short. One of the first decisions the government must determine is the
Who would believe we have made it this far? 6 months of official Quantitative Tightening (QT) has passed. The Fed has been doing what they said they would do (i.e., their actions, not results). The asset reduction for the month of November was almost $80 billion. From Nov. 2 – 30, the US Treasury ( UST ) balance decreased by roughly $60 billion
After raising the Funds Rate by 75-basis points last week, Jerome Powell, Chair of the Federal Reserve, gave candid opinions regarding inflation and the detrimental effects on households. It’s rare to agree with a central banker; yet here we are. In his own words: So, for starters, people are seeing their wage increases, their wage increases eaten
Everyone must be wondering: How high will interest rates go? When will the stock market bottom? What does the future hold? Unfortunately, it all depends on the Fed. They can either slow down, stop, or reverse the Quantitative Tightening (QT) process. Let’s see the options: Slow Down: So far, the Fed’s balance sheet reduction effort has been
The Federal Reserve continues down the asset reduction path, but how long can it last? With various thoughts about the stock market, interest rates, recession, inflation, and possibly employment, the Fed has found itself in a race of few horses, where none can emerge as winner since there is no finish line. Last month in the article: 3 Months of
Every month we see the same headlines, (price) inflation through the roof, and each new month makes a new 40-year inflation high. CNBC shares the not unexpected details: The consumer price index, a key inflation barometer, jumped by 8.2% in September relative to a year earlier. Economists had expected an 8.1% annual increase. Per the news release,
Central Bank Digital Currencies (CBDCs) are coming. History shows that technology has never been stopped, nor restrained, for a significant length of time. Governor Christopher J. Waller commented on some of the risks and benefits that CBDCs can offer. He weighed ideas such as security concerns and how foreign and domestic CBDCs would impact the
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.