In the July 26 Financial Times article entitled “Is the Dollar about to Take a Turn?,” Barry Eichengreen writes that the US dollar has had a spectacular run, having risen more than 10 percent against other major currencies since the start of the year. According to Eichengreen, the key reason behind the spectacular strengthening in the US Dollar is
The passion of the green movement has captured the world’s attention with its incessant demands for solutions to taper carbon emissions . Unfortunately, these appeals are rarely questioned due to the clout of environmental activists. We are automatically expected to endorse the assumptions of climate activists or be accused of science
No one knows what the future will bring because the future doesn’t bring anything. People do. You and I and the rest of the world make the future, some more so than others—some a lot more so. The leading future makers of the past century—at least those who entered national politics—have left a long trail of blood and misery, and today’s political
Security state agencies must justify their existence. There are 1,271 counterterrorist, homeland security, and intelligence organizations; 1,931 private sector analogues; 10,000 locations of these organizations; and ~ 854,000 people with top-secret security clearances as of 2010. To make matters worse, the line between private and public is
Should young people go to college? Should parents, grandparents, and teachers urge them to go to college? These are now open questions. Perhaps we should ask whether they “still” should go to college. Not too long ago, the default answer was a resounding yes . College was not only the path to higher earnings, but the gateway to status :
African countries emerged as “independent” nation-states in a context of a debt-based fiat money system, the fiat dollar standard. Independent is in quotation marks because Africa’s countries’ independence is nominal. That is said with due respect and gratitude to all brave men and women who fought, bled, and died to end (direct) colonialism.
The increased division between people based on political affiliation has been recognized by many and has frequently been attributed to technological developments. Outlets like Facebook and Twitter are blamed for increased hostility, disinformation, and hateful attitudes spreading across the political discourse. But maybe politics has itself to
When in March the Federal Reserve finally moved to belatedly embark on a series of rate hikes to slow the hottest inflation in the United States since the 1980s, it signaled impending trouble for many emerging market economies. Often unable to market securities denominated in their own unstable currencies to international investors, many emerging
Jay “The Inflation We Caused Is Transitory” Powell finally did it. On Friday, the Fed chair finally mustered the courage to say that he is going to do the job he has been hired to do: the Fed will not “pivot” to cut interest rates until inflation slows meaningfully and persistently—even if the stock, bond, and housing bear markets become much
The recent hefty depreciation of the yen to a twenty-four-year low against the dollar has raised eyebrows due to the yen’s traditional safe haven role in times of turmoil, such as the war in Ukraine. The yen’s decline had already started when major central banks signaled a tightening of monetary policy to fight inflation while the Bank of Japan
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.