In the final Federal Open Market Committee (FOMC) meeting of the year, the Fed did what everyone knew they would. They raised rates. They then proceeded with the usual Fedspeak dance regarding projections for the upcoming year including inflation and rate hikes. The labor market doesn’t normally garner as much attention; but Chair Powell made
This Christmas, try to remember there’s poverty and then there’s “poverty.” In America millions of people have fallen on hard times as their savings continue to erode due to the government intervention and central bank currency inflation of late. This devastation is sobering, while other countries in the world whose socialism is “more advanced”
It could be a coincidence, but probably not, that Joseph Stiglitz commented on corporate profit margins then the following week Federal Reserve Vice Chair Lael Brainard wrote about Bringing Inflation Down , where she too mentioned the problem with high profit margins. In her own words, she found that: Reductions in markups could also make an
Is this really the future we have to look forward to? CNBC has a headline that reads: As inflation hits another record, here are 5 steps you can take to protect your money They could have written about what causes all prices of goods and services to inexplicably rise. They could have explained how handing out stimulus checks to the general
Everyone should start to wonder how the Fed and US Congress make decisions. CNBC wrote an article about the various blunders of our planners called: Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat , illustrating some of the problems faced in our anti-capitalist society. One of the
Despite all that can be said about the Consumer Price Inflation (CPI) calculation , a reading of 7.5% is relatively high compared to the last 40 years . On Monday the Federal Reserve will have a closed door meeting “held under expedited procedures” for: Review and determination by the Board of Governors of the advance and discount rates to be
History was made under the Biden administration last week as the Federal Reserve announced Dr. Susan M. Collins to be named President and CEO of the Federal Reserve Bank of Boston. Her appointment makes her the first African-American female to serve on the Fed’s Board of Directors. Congratulations to Dr. Collins. Unfortunately, given the state of
Federal Reserve Bank of New York President and CEO John C. Williams gave a speech Friday outlining the Fed’s monetary tightening plan, Restoring Balance . He provided succinct details over the central bank’s intended course of action, yet failed to show an understanding of the Fed and Government’s role in causing our economic woes. Thus, there is
The Russia-Ukraine crisis is unfolding. With Biden threatening sanctions, what will this mean for domestic monetary policy? With the Fed’s March meeting several weeks away, Fed Governor Christopher J. Waller explained how he expects the year to unfold; starting with the obvious: Inflation is too high, and I think concerted action is needed to rein
The President of the United States says he has a plan to address inflation. NBC provides an annotated transcript of this week’s State of the Union Address. Some points of interest: Inflation rose 7.5% for January over the previous year, beating the 40-year high set in December. Price increases hit food, electricity and housing, in particular.
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.