In case you haven’t noticed, America is “deeply divided.” At least, that’s what a seemingly nonstop stream of headlines from major media sources would have us believe. “Trump Leaves America at Its Most Divided since the Civil War,” reads one CNN headline from earlier this year. Meanwhile, in his speeches from the first few months of his
The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2 percent on a year-over-year basis in October. That’s the highest YOY rate since December 1990, when the Consumer Price Index was also up 6.2 percent. October’s rate was up from 5.3 percent in September and remains part of a surge in the index since February 2021, when
According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November , year-over-year price inflation rose to 6.8 percent. It hasn’t been that high since June 1982, when the growth rate was at 7.2
In a display of unconvincing enthusiasm, NBC reported today that payroll employment “surged” in February . Specifically, total nonfarm payrolls (seasonally adjusted) grew 379,000 month over month, which was above the expected increase of 210,000. That might sound great to some, but a closer look suggests jobs growth is quite a bit more sedate than
Listen to the Audio Mises Wire version of this article. We’ve entered a new era of politics and government in America, and the Left is pretty happy about it. This week, for example, The Guardian announced, “ Biden’s $1.9tn Covid Relief Bill Marks an End to Four Decades of Reaganism .” From this point of view, “Reaganism” is code for extreme
In 2021, it’s clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From ”stimulus checks” to “paycheck protection,” it’s assumed an entire national workforce can be propped up by federal spending. Moreover, in the
Fear of China and Iran, combined with the more practical desire for continued “free” money from the federal government, will continue to fuel opposition to any serious movement toward secession. Original Article: “ Welfare Payments and Foreign Policy Fears Are the Only Things Holding America Together “ This Audio Mises Wire is generously sponsored
The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America. Original Article: “ The Feds Collect Most of the Taxes in America—So They Have Most of the Power “ This Audio Mises Wire is
The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. Original Article: “ The Fed Plans to Raise Interest Rates— Years from Now “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael
We’re now living in Biden’s America. But what does that mean? It means a continuation of trends already in place: the long slow decline of America’s institutions, and the public’s faith in them. Be sure to follow Radio Rothbard at Mises.org/RadioRothbard
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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.