Mises Institute

On this episode of Power and Market, Patrick Newman joins Ryan and Tho for a discussion on Social Security, generational economic tensions, and the latest inflation numbers (spoiler: they’re bad.)

New price inflation data from the federal government shows that rising prices are outpacing wage growth yet again. Overall inflation is broader and bigger than forecasters have expected, and it's not just being caused by the War in Iran. Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Nobel Prize winner Daron Acemoglu writes that western colonialism of African countries has permanently fixed their institutional direction. This ignores what we know about the history of these nations. Original article: https://mises.org/mises-wire/do-institutions-matter-taking-another-look-claims-daron-acemoglu

Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation. Original article: https://mises.org/mises-wire/you-are-collateral-forty-three-cents-dollar

The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems. Original article: https://mises.org/mises-wire/chinas-economic-miracle-has-run-out-road