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We like to think of the "deep state" as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight. Original Article: "Yes, Virginia, There IS a Deep State—and It Is Worse than You Think" This Audio Mises Wire is generously
Ryan McMaken and Zachary Yost discuss new estimates of just how costly a US-China war over Taiwan would be. Things are made even worse by the fact the US is already shopping most of its weapon stockpiles to Ukraine. The US government simply refuses to
I think I cringe that I wrote this: While it is tempting to think of a market transaction resulting in winners and losers, it turns of that this is not the case. A market transaction is not a competition between buyers and sellers, but rather a
The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the United States job market continues to show negative real wage growth, the employment-to-population ratio
The Federal Reserve has yet to get price increases anywhere near its own arbitrary 2-percent goal, but a mild slowing in growth rates has Biden claiming that price inflation is "falling." Original Article: "Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising" This
One of the most helpful insights of Austrian economics for business is the understanding of uncertainty. To complete a sale to a customer is to take that customer on a journey from high uncertainty to lower uncertainty — sufficiently low that they’ll make a purchase and
The fifty-third annual meeting of the World Economic Forum (WEF) brought together fifty-two world leaders, seventeen hundred corporate executives, sundry artists, and other personalities to address “Cooperation in a Fragmented World.” Fragmentation is the nemesis of the World Economic Forum and its United Nations (UN)
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the marketplace is still dealing with the