Mises Institute
Thursday, May 8, 2025
 
 
The Fed Leaves Fed Funds Rate at 4.5% as Economic Storm Clouds Gather
Ryan McMaken
The Fed is now hemmed in by a rising risk of stagflation. It doesn’t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy.
 
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MMT Is Wrong about the History of the Origin of Money
Jonathan Newman
Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money’s history. By taking issue with Carl Menger’s historical version, they expose their own ignorance of how money came about.
 
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Libertarian Applications to Current Problems:
The Problems
 
Government “solutions” create bigger problems.
 
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The REAL ID Means a Real Leviathan
 
In this 2021 article, Jim Fedako warns that REAL ID is about expanding Leviathan’s grip.
 
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Some Straight Talk to the Anti-Free Traders
Oh, I know, you aren’t really against free trade per se. You just demand a “level playing field.” Demanding a level playing field for international trade is a complete waste of time.
 
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Why We Need Deflation and Higher Interest Rates 

Once a recession sets in, markets can only repair themselves if prices are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring recovery.
 
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Does Wealth Inequality Cause Degradation?
In the name of fighting income inequality, pundits in the UK and US are calling for wealth taxes as magic bullets that will restore an imaginary state of income equality.
 
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Real ID Is Not About Keeping You Safe
 
Real ID is the latest example of the government using 9/11 as an excuse to grab more power.
 
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The Misesian
 
Rothbard’s “Anatomy of the State” introduces the state as a unique, coercive institution, distinct from society. The latest Misesian expands on this view, examining historical commentary on the state’s emergence and its central role in modernity.
 
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