Mark Thornton argues that interest is a core price that coordinates time, investment, and growth, and that the Federal Reserve has turned it into an administered number. Mark warns the long-run trend may be turning: bigger states and debts, weaker anti-inflation ideology, and aging populations imply longer, higher for longer. What are the implications? Keep that 2% Covid-era mortgage, expect poor long-bond returns and lower real equity performance, and look for commodities to fare relatively better. Gold’s surge shows some investors already see the shift.

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

Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder.

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Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

Original article: https://mises.org/mises-wire/inflation-interventionism-and-intergenerational-resentment

On this episode of Power and Market, Ryan, Connor, and Tho break down the latest FOMC meeting, the real takeaways from Powell's Fed talk, and the continuing realities of Obamacare.

As Congress scrambles to extend emergency subsidies to keep Obamacare afloat, it can be tempting to view the bill that made healthcare less affordable as a total failure. But that wasn’t the true purpose of the ACA. It was always meant to prop up the faltering crony healthcare system.

Read the article here: https://mises.org/mises-wire/obamacare-was-not-failure

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David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.

Original article: https://mises.org/mises-wire/bursting-bubble-was-fdr

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Original article: https://mises.org/mises-wire/elon-musk-claims-money-will-become-irrelevant-he-right

The US regime is gearing up for another war. Get ready for another regime-change disaster like we got in Afghanistan, Libya, and Syria.

Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

This week Ryan and Zachary Yost take a look at international relations scholar John Mearsheimer’s claim that Europe faces a bleak future as the United States pivots away from NATO. Can Europe thrive without American taxpayers’ money?

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The Mexican-War resulted in more territory for the new American empire, but the US government started it under false pretenses. A young US soldier who fought—Ulysses Grant—knew better, exposing the lies from Washington.

Original article: https://mises.org/mises-wire/unjustified-conflict-grants-memoirs-mexican-american-war