Mises Daily Email

Saturday, November 29, 2025

It’s pretty clear now that the Fed’s 2% price-inflation target—which was invented to justify more inflation—has now become politically impossible. The Fed’s de facto target is now 3%, or maybe even 4%, because the Fed doesn’t really care about so-called “price stability.” Hamoon Soleimani explains what that means for us.

And George Ford Smith asks: will AI lead to socialism by causing mass unemployment and political revolution?

Ryan McMaken, Editor-in-Chief

The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability

Hamoon Soleimani

While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.

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Do Markets Ever Reach Equilibrium?

Equilibrium is an imaginary construct that should be used only for analytical purposes. Unfortunately, mainstream economists have claimed it should represent a desired state of economic affairs.

Families Are the Key to Building Alternatives to the State

From the perspective of the state, the ideal society is one composed of single parents raising a small number of children in irreligious households.

Republicans Aren’t Actually Interested In Shrinking Government

DOGE’s early excitement is gone, partly because Republicans buy into the progressive paradigm that government programs provide essential services.

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Interest Is Not the Marginal Product of Capital

In actual markets, the interest rate emerges from time, prices, and capital valuation.

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How 50-Year Mortgages Turn Home Owners into Renters

Taxpayers will pay
the price.

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Contagion

Politicians and central bankers invoke “contagion” to demand more power and money, yet their interventions cause the very fragility they decry.

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No, You’re Not Hurting the Economy by Saving Money

It’s an old Keynesian myth.

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