The governmental response to the covid pandemic was to cripple the economy. To compensate for the damage, the Federal Reserve unleashed massive inflation in an attempt to do what the Fed always does in a crisis: bail out the economic actors.

Read the article here: https://mises.org/mises-wire/we-have-not-properly-reckoned-economic-insanity-2020

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

We Have Not Properly Reckoned with the Economic Insanity of 2020

Mark Thornton reviews David Howden’s data-driven guide to long-horizon investing in commodities, useful even for Austrians wary of statistics. Mark highlights how a formal model can still complement Austrian fundamentals and capital-allocation thinking, and he previews an upcoming episode on silver that will build on these results.

Purchase The Almanac of Commodities by David Howden at http://mises.org/almanac

Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Reading Markets the Austrian Way

No one doubts that the US is a politically and culturally divided nation. Contrary to much of public opinion, politicians like Donald Trump did not cause the crisis. Instead, as Lawrence Mead writes, they are a symptom of the government’s assault on our culture.

Original article: https://mises.org/mises-wire/recognizing-roots-current-us-political-turmoil

Recognizing the Roots of the Current US Political Turmoil

Despite the change in the White House, critical race theory is still with us, dominating the academic sectors and being ingrained in progressive culture. We need to better recognize what it is and how it works in order to better refute it.

Original article: https://mises.org/mises-wire/how-recognize-critical-race-theory

How to Recognize Critical Race Theory

September’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.

Original article: https://mises.org/mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus

No, Tariffs Did Not Cause September’s Budget Surplus

For more than 60 years, the US government has enforced a trade embargo against Cuba, ostensibly to force the communist government into collapse. The only thing that has collapsed, however, is the logic in the US policy.

Original article: https://mises.org/mises-wire/brief-history-enduring-american-embargo-against-cuba

A Brief History of the Enduring American Embargo against Cuba

Trump’s team is citing the fentanyl crisis to justify its escalations near Venezuela. But virtually all illicit fentanyl is made and smuggled thousands of miles away. If war or regime change in Venezuela is good for the American people, why hide the true motivations?

Original article: https://mises.org/mises-wire/trump-administration-lying-us-another-war

The Trump Administration Is Lying Us Into Another War

The food stamp program is a way for Pepsico and the Coca-Cola company to legally rip off the taxpayers.

Original article: https://mises.org/mises-wire/how-food-industry-lobbyists-keep-food-stamp-gravy-train-going

How Food Industry Lobbyists Keep the Food-Stamp Gravy Train Going

Henry Hazlett wrote in Economics in One Lesson that each generation has to relearn economic fallacies that government employs when implementing bad policies. New Yorkers are about to learn a lot of new lessons.

Original article: https://mises.org/mises-wire/all-means-elect-mamdani-and-watch-his-socialist-laboratory-work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

Dr. Alex Pollock joins the Human Action Podcast to explain his recent Congressional testimony on the Fed’s growing insolvency and mandate overreach. The Fed now admits to $243 billion in operating losses and nearly $1 trillion in mark-to-market losses, leaving it with negative capital of about $197 billion. Dr. Pollock explains how the central bank transformed itself into “the biggest 1980s-style savings and loan in history” — funding short while buying long, and bleeding cash as interest rates rose.

Rear Dr. Pollock's Testimony: https://Mises.org/HAP523a
Read More from Dr. Pollock: https://Mises.org/HAP523b

How Congress Should Reform the Fed

Murray Rothbard’s view of the origins of World War II has an important lesson for us today.

Original article: https://mises.org/mises-wire/murray-rothbard-and-world-war-ii-origins

Murray Rothbard and World War II Origins

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We Have Not Properly Reckoned with the Economic Insanity of 2020

Mises Institute

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