Mises Institute
Saturday, December 5, 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 ([link removed]) what that means for us.
And George Ford Smith asks: will AI lead to socialism ([link removed]) by causing mass unemployment and political revolution?
Ryan McMaken, Editor-in-Chief
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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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Does AI lead to Socialism?
George Ford Smith
The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring about socialism. Neither is true.
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Most popular this week
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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.
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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.
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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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Featured Audio
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The Great Depression: An Austrian Reply to WIRED
Bob walks through a recent WIRED video on “the economics behind the Great Depression.”
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No, You’re Not Hurting the Economy by Saving Money
As the economy worsens, expect to see more articles from legacy media about how saving money is “bad for the economy.”
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The K-Shaped Economy
The “K-shape” isn’t a mystery. As Mark Thornton explains, it’s Cantillon effects from cheap money and Leviathan.
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War Drums for Venezuela and the Financialization of College Football
Connor, Tho, and Ryan review the week.
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The Misesian
In the latest issue of The Misesian, we give readers a sense of what happens at Mises University by featuring lectures and photos from the event, as well as testimonials from students.
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