Audio Mises Wire
Mises Institute
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
Free Markets Promote Peaceful Cooperation and Racial Harmony
By their nature, free markets promote harmony between people and increase overall standards of living. This view is radically different from the ones promoted by Marxists who believe that only “class interests” matter.Original article: Free Markets Promote Peaceful Cooperation and Racial Harmony
Apr 3, • 0:00
Empire as the Price of Bureaucracy
Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.Original article: Empire as the Price of Bureaucracy
Apr 3, • 0:00
Under Trump, Expect No Change to the Monetary Status Quo
The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment. Original article: Under Trump, Expect No Change to the Monetary Status Quo
Feb 8, • 0:00
The Inflationist View of History
Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.Original article: The Inflationist View of History
Feb 8, • 0:00
Inheritance Tax Hikes Threaten Farmers’ Property Rights in the UK
Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.Original article: Inheritance Tax Hikes Threaten Farmers’ Property Rights in the UK
Feb 8, • 0:00
Tariffs Won’t Save the US Dollar
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.Original article: Tariffs Won’t Save the US Dollar
Feb 8, • 0:00
Jimmy Carter’s Legacy Is Much More than Good Deeds Done in His Later Years
Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.Original article: Jimmy Carter’s Legacy Is Much More than Good Deeds Done in His Later Years
Feb 8, • 0:00
Are the Transfer Portal and NIL Ruining College Sports? Explaining the Changes Using Austrian Economics
A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.Original article: Are the Transfer Portal and NIL Ruining College Sports? Explaining the Changes Using Austrian Economics
Feb 8, • 0:00
A Praxeological Critique of the Equation of Exchange and Neutrality of Money
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy. Original article: A Praxeological Critique of the Equation of Exchange and Neutrality of Money
Feb 8, • 0:00
The State Isn’t Santa Claus, It’s the Grinch!
Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.Original article: The State Isn’t Santa Claus, It’s the Grinch!
Feb 8, • 0:00
How the Nanny Campus Will Fight to Keep Taxpayers Hostage
Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness.Original article: How the Nanny Campus Will Fight to Keep Taxpayers Hostage
Jan 31, • 0:00
Is the Fed Loosening or Tightening? It’s Complicated.
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish. Original article: Is the Fed Loosening or Tightening? It’s Complicated.
Jan 31, • 0:00
We Desperately Need Sound Money, Not Tariffs
President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.Original article: We Desperately Need Sound Money, Not Tariffs
Jan 31, • 0:00
Should Central Banks Accommodate Increases in Demand for Money?
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.Original article: Should Central Banks Accommodate Increases in Demand for Money?
Jan 31, • 0:00
Marxism and the Cultural Revolution
The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else.Original article: Marxism and the Cultural Revolution
Jan 31, • 0:00
The Pretense of Knowledge
Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.Original article: The Pretense of Knowledge
Jan 31, • 0:00
America’s Problem with Consumerism Is the Government’s Fault
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.Original article: America’s Problem with Consumerism Is the Government’s Fault
Jan 31, • 0:00
The Poor Man of Nippur and Austrian Economic Principles
The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story.Original article: The Poor Man of Nippur and Austrian Economic Principles
Jan 31, • 0:00
Jamaica and the Failure of the Entrepreneurial State
As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.Original article: Jamaica and the Failure of the Entrepreneurial State
Dec 26, 2024 • 0:00
Disparate Impact Is a Legal Trick
By misusing statistics, the government claims that racial disparities are always caused by racial discrimination and that these disparities can only be rectified by state-directed outcomes. However, government programs have made things much worse.Original article: Disparate Impact Is a Legal Trick
Dec 26, 2024 • 0:00
Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?
Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible.Original article: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?
Dec 26, 2024 • 0:00
Finding Shelter from Monetary Racketeers
We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”Original article: Finding Shelter from Monetary Racketeers
Dec 26, 2024 • 0:00
A Critique of Black Box Economics
Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal mechanisms that make the outcomes possible.Original article: A Critique of Black Box Economics
Dec 26, 2024 • 0:00
Climate Anxiety: A Regime-Created “Illness”
Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.” Original article: Climate Anxiety: A Regime-Created “Illness”
Dec 26, 2024 • 0:00
The Economic and Social Consequences of Rent Control
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.Original article: The Economic and Social Consequences of Rent Control
Dec 26, 2024 • 0:00
Distress in Commercial Real Estate Bonds Hits All-Time High
Commercial real estate in the US faces major problems despite efforts by the Federal Reserve System to prop it up. Bonds used to finance commercial real estate markets are being hit especially hard, and there is no relief in sight.Original article: Distress in Commercial Real Estate Bonds Hits All-Time High
Dec 26, 2024 • 0:00
The Christmas Truce of World War I
Never forget the Christmas truce of World War I, when troops refused to be pawns of empire for one blessed day.Original article: The Christmas Truce of World War I
Dec 24, 2024 • 0:00
“NAFTA Fever” and the Myth of Government-Created Free Markets
Critics of free markets claim that the 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state only got stronger. Original article: “NAFTA Fever” and the Myth of Government-Created Free Markets
Dec 18, 2024 • 0:00
Wealth and Income Inequality Are Essential for Social Cooperation
Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it is necessary for division of labor, which enables social cooperation.Original article: Wealth and Income Inequality Are Essential for Social Cooperation
Dec 18, 2024 • 0:00
The Relevance of the Natural Sciences Methods in Economics
Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.Original article: The Relevance of the Natural Sciences Methods in Economics
Dec 18, 2024 • 0:00
Thanksgiving Day
The great free-market classical liberal William Leggett believed that Americans do not need politicians telling us on which days Americans ought to be thankful.Original article: Thanksgiving Day
Dec 18, 2024 • 0:00
Destroying Creative Destruction: The DMA against Innovation
As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital economy uncreative destruction.Original article: Destroying Creative Destruction: The DMA against Innovation
Dec 18, 2024 • 0:00
The American Addiction to Transfer Payments
Original article: The American Addiction to Transfer Payments
Dec 18, 2024 • 0:00
Caplan’s Errors on the UAE and Open Borders
Economist Bryan Caplan has held up the United Arab Emirates as an example of how open borders can be successful. Caplan clearly does not understand how immigration works in the UAE.Original article: Caplan’s Errors on the UAE and Open Borders
Dec 18, 2024 • 0:00
Post-Election Prospects for Ending DEI
With the demise of the Biden administration, it is time to take a hard look at the DEI programs it imposed. While divisive, simple removal will not solve underlying problems.Original article: Post-Election Prospects for Ending DEI
Dec 18, 2024 • 0:00
Your Kids Are Already Communist, and College Will Make It Worse
Modern American culture is statist to the core. The typical school curriculum tells students that capitalism is evil and socialism is good. This only gets worse in college. Original article: Your Kids Are Already Communist, and College Will Make It Worse
Dec 15, 2024 • 0:00
The Context Behind Donald Trump’s “Takeover” of the American Right
While it is often framed in the media as a battle between principled conservatives and an angry, non-ideological movement focused solely on personal loyalty to Trump, the current civil war on the American right is only the latest chapter in a much older story.Original article: The Context Behind Donald Trump’s “Takeover” of the American Right
Dec 15, 2024 • 0:00
The Complex Legacy of George Orwell
While most of us know George Orwell as an authoritative critic of totalitarianism, few people know he was a committed socialist and a lifelong defender of communist Leon Trotsky. While he understood totalitarianism, he never understood socialism.Original article: The Complex Legacy of George Orwell
Dec 15, 2024 • 0:00
The Battle on Lake Geneva—Mises vs. the Statists at Mont Pelerin
The original Mont Pelerin Society meeting in 1947 featured Ludwig von Mises, whose warnings about the dangers of socialism and totalitarianism had gone unheeded. In the wreckage of World War II, the truth of his message should have been obvious. It wasn't.Original article: The Battle on Lake Geneva—Mises vs. the Statists at Mont Pelerin
Dec 15, 2024 • 0:00
Assumptions in Economics and in the Real World
Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the other hand, is built upon realistic assumptions and the acknowledgement that good economics must reflect human action.Original article: Assumptions in Economics and in the Real World
Dec 15, 2024 • 0:00
Totalitarianism Begins with a Denial of Economics
Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property. Such regimes depend upon historicism and logical relativism.Original article: Totalitarianism Begins with a Denial of Economics
Dec 15, 2024 • 0:00
The Corrupt Nature of DEI
Even though DEI (diversity, equity, and inclusion) has taken a beating in some state legislatures, it still has a corrupting influence, especially in higher education. As Murray Rothbard pointed out, egalitarians are “at war with nature.”Original article: The Corrupt Nature of DEI
Dec 15, 2024 • 0:00
Wanted: Critics of Austrian Economics
Austrian economics today needs critics. It doesn‘t need the critics (like Paul Krugman) who cannot give valid and accurate criticisms, but rather people who actually understand the concepts upon which Austrian thinking is built provide a real challenge.Original article: Wanted: Critics of Austrian Economics
Dec 15, 2024 • 0:00
Historical Revisionism: What It Is and What It Is Not
Historical revisionism is nothing new, and recent attempts to label an “antiracist” approach to history have wrongly been called “revisionist.” To better understand revisionism, one must first be grounded in reality, then apply reality-based thought to studying the past.Original article: Historical Revisionism: What It Is and What It Is Not
Dec 9, 2024 • 0:00
Discrimination and Opportunities for Women
Wage differences between men and women often are automatically attributed to sex discrimination against women. However, as research has shown time and again, other factors are at work. Original article: Discrimination and Opportunities for Women
Dec 9, 2024 • 0:00
How the Government Created Exorbitant Insulin Prices
Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame. Original article: How the Government Created Exorbitant Insulin Prices
Dec 9, 2024 • 0:00
The Limits to Public Opinion and the Failure of Democracy
The watchword among progressives this election season is: “Nothing less than our democracy is at stake.” In truth, democracy itself is not in danger, but one can accurately say that “democracy,” as practiced in the US, endangers our lives.Original article: The Limits to Public Opinion and the Failure of Democracy
Dec 9, 2024 • 0:00
Sound Money Movement Chalks Up Seven State Legislative Victories in 2024
Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions from taxes and attempts by states to restrict Federal Reserve behavior. Gold is alive and well.Original article: Sound Money Movement Chalks Up Seven State Legislative Victories in 2024
Dec 9, 2024 • 0:00
Contrived Scarcity and Antitrust Lawsuits—“It’s Not a Bag, It’s a Birkin”
Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.Original article: Contrived Scarcity and Antitrust Lawsuits—“It’s Not a Bag, It’s a Birkin”
Dec 9, 2024 • 0:00
Entrepreneurial Profit Follows Good Decisions, Not Exploitation
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.Original article: Entrepreneurial Profit Follows Good Decisions, Not Exploitation
Dec 9, 2024 • 0:00
What Is Consent?
Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological individual. However, there are a few pitfalls about which readers should be aware.Original article: What Is Consent?
Dec 9, 2024 • 0:00
A Brief History of Tariffs and Stock Market Crises
Tariffs don‘t just raise consumer prices. They also affect capital flows and, on numerous occasions, have triggered stock market crises. What tariffs don‘t bring is prosperity.Original article: A Brief History of Tariffs and Stock Market Crises
Dec 3, 2024 • 0:00
The Economics of Prepping
While people who “prep” for disaster (called preppers) are ridiculed by political elites and their media, their actions are perfectly rational. In this article, economist Mark Thornton explains why prepping for natural disasters makes economic sense.Original article: The Economics of Prepping
Dec 3, 2024 • 0:00
Does the Fed’s Lowering the Interest Rates Strengthen Economic Growth?
The Fed lowers interest rates ostensibly to “stimulate” the economy. But while the Fed claims it is strengthening the economy, it actually weakens it through its easy-money policies.Original article: Does the Fed’s Lowering the Interest Rates Strengthen Economic Growth?
Dec 3, 2024 • 0:00
Slavery and Collective Guilt
Modern progressives are obsessed with collective guilt, demanding that Americans pay reparations for slavery even though it ended in the US 160 years ago. However, by employing collective guilt and collective punishment, those seeking reparations violate natural law.Original article: Slavery and Collective Guilt
Dec 3, 2024 • 0:00
Markets Made of Glass—How the Fed Destroyed Economic Resilience
For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.Original article: Markets Made of Glass—How the Fed Destroyed Economic Resilience
Dec 3, 2024 • 0:00
The Indian Rope Trick
The political theorist Anthony de Jasay takes on the left‘s ideas of equality, and David Gordon is there to agree—and disagree. Jasay likens the left‘s view of equality to the Indian Rope Trick.Original article: The Indian Rope Trick
Dec 3, 2024 • 0:00
Lessons from Reconstruction
Using state power to enforce social orthodoxy is always a recipe for disaster. Radical Republican governments in the post-war South attempted to do just that, sowing seeds of hatred and discord in the process.Original article: Lessons from Reconstruction
Dec 3, 2024 • 0:00
“Victory Plan” or Deadly Delusion? Zelensky’s Perilous Five-Point Plan
The darling of America‘s political elites, Ukrainian President Volodymyr Zelensky, now touts a “Five-Point Plan” that surely will extend the war and ultimately make his country even worse off. It is time to end this farce.Original article: “Victory Plan” or Deadly Delusion? Zelensky’s Perilous Five-Point Plan
Dec 3, 2024 • 0:00
Don’t Knock Nock
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services. Original article: Don’t Knock Nock
Dec 1, 2024 • 0:00
Nine Months of Javier Milei as President of Argentina: A Critical Assessment
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.Original article: Nine Months of Javier Milei as President of Argentina: A Critical Assessment
Dec 1, 2024 • 0:00
How Intellectual Property Laws Stifle Innovation
Supporters of intellectual property laws claim that people will not innovate unless they are protected by such legislation. In reality, people are more likely to be innovative when they encounter real free markets, not markets characterized by artificial scarcity.Original article: How Intellectual Property Laws Stifle Innovation
Dec 1, 2024 • 0:00
Why Austrian Business Cycle Theory Is Better than Keynesianism
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way. Original article: Why Austrian Business Cycle Theory Is Better than Keynesianism
Dec 1, 2024 • 0:00
Who Sets the Prices for Goods?
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services. Original article: Why Austrian Business Cycle Theory Is Better than Keynesianism
Dec 1, 2024 • 0:00
The Political Theology That Maintains State Power
While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.Original article: The Political Theology That Maintains State Power
Dec 1, 2024 • 0:00
The Establishment Media Is Unaware of Its Growing Irrelevance
The outcry from establishment media figures following the decision by the Washington Post and Los Angeles Times to not endorse a presidential candidate shows how out of touch they have become about how much we rely on them. Original article: The Establishment Media Is Unaware of Its Growing Irrelevance
Dec 1, 2024 • 0:00
What “Capitalism” Really Means
Capitalism is characterized by the private ownership of capital, coming from Lockean homesteading principles, and not from state coercion and force.Original article: What “Capitalism” Really Means
Dec 1, 2024 • 0:00
How to Vote for Liberty
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be “reformed.”Original article: How to Vote for Liberty
Nov 26, 2024 • 0:00
It’s Good to be Skeptical of Elections
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.Original article: It’s Good to be Skeptical of Elections
Nov 26, 2024 • 0:00
Exchange is Not a Zero-Sum Game
One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.Original article: Exchange is Not a Zero-Sum Game
Nov 26, 2024 • 0:00
The Secret Economic Theory Behind the $100,000 Birkin Bag
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.Original article: The Secret Economic Theory Behind the $100,000 Birkin Bag
Nov 26, 2024 • 0:00
Peace as a Prerequisite for Civilization
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of civilization. The outcome of the American war of secession proved that point eloquently.Original article: Peace as a Prerequisite for Civilization
Nov 26, 2024 • 0:00
Today’s Pols Are All Bryanites
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.” But at least even Bryan favored silver money. Today‘s political candidates will crucify us on a cross of paper.Original article: Today’s Pols Are All Bryanites
Nov 26, 2024 • 0:00
Free Markets Don’t Need Government Regulation
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don't need government-based rules because markets effectively regulate themselves.Original article: Free Markets Don’t Need Government Regulation
Nov 26, 2024 • 0:00
Copernicus Was Also Right in Economics
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics. Original article: Copernicus Was Also Right in Economics
Nov 26, 2024 • 0:00
If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
Had Republicans not vastly expanded federal criminal law during the infamous Wall Street prosecutions 40 years ago, lawfare would not have become such a potent political weapon.Original article: If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
Nov 19, 2024 • 0:00
Ten Lessons on US Foreign Policy from Enough Already
In this review of Scott Horton's book, Enough Already, we see that the wars the US has waged for the past quarter century in the Middle East have been a disaster. Millions of deaths and a massive refugee crisis later, the unmistakable verdict is in.Original article: Ten Lessons on US Foreign Policy from Enough Already
Nov 19, 2024 • 0:00
Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.Original article: Why People Pay Higher Prices for Some Goods Relative to Others
Nov 19, 2024 • 0:00
Answering the Confused Critics of Austrian Economics
There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.Original article: Answering the Confused Critics of Austrian Economics
Nov 19, 2024 • 0:00
Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
Kamala Harris claims that she simply wants food prices to be lower. However, her de facto price fixing scheme would create food shortages and raise the real price of food. Of course, when that happens, Harris simply will blame capitalism.Original article: Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
Nov 19, 2024 • 0:00
Nagel on Libertarianism and Other Things
David Gordon takes another look at Thomas Nagel's Equality and Partiality. While he finds some of Nagel's arguments appealing, they still are inferior to Murray Rothbard's systematic interpretation of natural rights.Original article: Nagel on Libertarianism and Other Things
Nov 19, 2024 • 0:00
The Birth of “Irrational Exuberance”
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.Original article: The Birth of “Irrational Exuberance”
Nov 19, 2024 • 0:00
Does the Central Bank Determine Interest Rates?
A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.Original article: Does the Central Bank Determine Interest Rates?
Nov 11, 2024 • 0:00
Who Killed Liberalism? Remembering the Walter Lippmann-Mises Colloquium
With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism. Ludwig von Mises also was there as a lonely voice defending laissez-faire and the free market economy.Original article: Who Killed Liberalism? Remembering the Walter Lippmann-Mises Colloquium
Nov 11, 2024 • 0:00
Keynes Was Not Much Better at Investing than He Was at Understanding Economics
John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.Original article: Keynes Was Not Much Better at Investing than He Was at Understanding Economics
Nov 11, 2024 • 0:00
No Matter the Form, Easy Money Is Still a Fraud
A recent fraudulent check-kiting scheme featured on TikTok bears resemblance to some of the "free money" schemes that have been coming from the Federal Reserve.Original article: No Matter the Form, Easy Money Is Still a Fraud
Nov 11, 2024 • 0:00
How the Bankers Outfoxed the Politicians
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more. The permanent regime of inflation and asset bubbles is the result.Original article: How the Bankers Outfoxed the Politicians
Nov 11, 2024 • 0:00
The Manifestation of Economic Laws Across Societies and Epochs
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.Original article: The Manifestation of Economic Laws Across Societies and Epochs
Nov 11, 2024 • 0:00
The Constitution’s Negative Effects on Free Trade
While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs on goods imported from outside the country. Original article: The Constitution’s Negative Effects on Free Trade
Nov 11, 2024 • 0:00
The Perils of Lawfare
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law in a very questionable way to try to put Donald Trump in prison, while Trump promises to retaliate if he is elected.Original article: The Perils of Lawfare
Nov 11, 2024 • 0:00
The State’s War Against Hate
In its so-called war against “hate,” the state determines who are the villains and then instructs everyone else to hate the “haters.” As one might expect, the state then engages in a campaign of vilification and intimidation against the newly-designated enemy.Original article: The State’s War Against Hate
Nov 6, 2024 • 0:00
Ignore The New Power Demographic at Your Own Risk: Young Male Voters
As American culture becomes dominated by militant feminism, a new voting group of dissenters is arising: young male voters. These are young men that believe that the system is stacked against them, which is why Trump's populism appeals to them.Original article: Ignore The New Power Demographic at Your Own Risk: Young Male Voters
Nov 6, 2024 • 0:00
Survey Says: Disconnects Abound in School Opinions and Knowledge
Original article: Survey Says: Disconnects Abound in School Opinions and Knowledge
Nov 6, 2024 • 0:00
The Myth of the Entrepreneurial State
In its so-called war against “hate,” the state determines who are the villains and then instructs everyone else to hate the “haters.” As one might expect, the state then engages in a campaign of vilification and intimidation against the newly-designated enemy.Original article: The Myth of the Entrepreneurial State
Nov 6, 2024 • 0:00
Why Democracy Has Such Staying Power
Democracy, or at least the “democracy” that ensures the “right people” are elected, is the religion of American progressives. Despite its obvious failures, however, progressives claim that democracy is the Holy Grail of governance. Why people believe this is another question.Original article: Why Democracy Has Such Staying Power
Nov 6, 2024 • 0:00
Freedom of Association and Cancel Culture
As Murray Rothbard often noted, freedom of association is a fundamental right, what he called a “subset of private property rights.” Unfortunately, our modern cancel culture has taken aim at this right, taking away the voluntary nature of human interaction.Original article: Freedom of Association and Cancel Culture
Nov 6, 2024 • 0:00
Mute Buttons: Two Ways the School Complex Muzzles Parents and Students
Government education is a self-perpetuating monster and has been for a long time. While parents and organizations seek accountability, the dynamics driving government education point to a powerful and unaccountable bureaucracy that serves its own interests.Original article: Mute Buttons: Two Ways the School Complex Muzzles Parents and Students
Nov 6, 2024 • 0:00
Whose Property Is It?
Legal philosopher Jeremy Waldron in his book The Rule of Law and the Measure of Property challenges the Lockean view of legitimate property ownership. David Gordon sheds light on Waldron's confusing positions.Original article: Whose Property Is It?
Nov 6, 2024 • 0:00
The American Empire
We have crossed the boundary that lies between Republic and Empire. If you ask when, the answer is that you cannot make a single stroke between day and night; the precise moment does not matter. There was no painted sign to say: “You now are entering Imperium.” Yet it was a very old road and the voice of history was saying: “Whether you know it or not, the act of crossing may be irreversible.”This article appeared in a 1966 issue of Left and Right, edited by Murray Rothbard, and is a condensed v
Nov 5, 2024 • 0:00
The Menace of the State
The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are we to do?Original article: The Menace of the State
Nov 5, 2024 • 0:00
No Matter Who Wins, Half the Country Won’t Believe in the Election
The 2024 election will provide few solutions to the underlying pressures eroding American political norms. Regardless of the outcome, half the country will feel like they live under an occupational government.Original article: No Matter Who Wins, Half the Country Won’t Believe in the Election
Nov 5, 2024 • 0:00
The Reality of Red-State Fascism
It is always a mistake to advocate government action, for there is no way you can fully anticipate how government will be used. Nor can you ever count on a slice of the population to be moral in its advocacy of the uses of the police power.Original article (2004): The Reality of Red-State Fascism
Nov 1, 2024 • 0:00
This Is a Slow-Motion Nationalization of the Economy
As real wages decline and middle-class savings are depleted, the government expands its influence, garnering support from a substantial portion of the populace.Original article: This Is a Slow-Motion Nationalization of the Economy
Oct 29, 2024 • 0:00
Einstein Was the Greatest Physicist but Was Economically Illiterate
Einstein's name is synonymous with brilliance, yet his great intelligence did not translate to logical economic thinking. Instead, Einstein embraced socialism, thinking that one could guide an economy like one guides a mathematical equation.Original article: Einstein Was the Greatest Physicist but Was Economically Illiterate
Oct 29, 2024 • 0:00
The Regime Wants Appalachia To Suffer
Would America’s federal government deliberately undermine recovery efforts to try to achieve its own desired political ends? Of course.Original article: The Regime Wants Appalachia To Suffer
Oct 29, 2024 • 0:00
The Keynesian Multiplier Fairy Tale
One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.Original article: The Keynesian Multiplier Fairy Tale
Oct 29, 2024 • 0:00
We Lose, They Lose: A Reagan-Trump Fusion
In the spirit of a new Cold War, Matthew Kroenig and Dan Negrea have written a new book, We Win, They Lose: Republican Foreign Policy and the New Cold War, which tries to fuse the foreign policies of Ronald Reagan and Donald Trump. The result is a foreign policy Frankenstein.Original article: We Lose, They Lose: A Reagan-Trump Fusion
Oct 29, 2024 • 0:00
Ludwig von Mises, Hero
“In 1988, Murray Rothbard wrote a great monograph called Ludwig von Mises: Scholar, Creator, Hero. I'd like to concentrate today on the third of the qualities, Mises as a hero.”Original article: Ludwig von Mises, Hero
Oct 29, 2024 • 0:00
The Presumption of Liberty
Progressives claim that the state grants us our rights, and that liberty can flourish only in the presence of a powerful state. The truth runs in the opposite direction. Original article: The Presumption of Liberty
Oct 29, 2024 • 0:00
Can America Survive Global De-Dollarization?
While the US dollar is the world's “reserve” currency—at least for now—the reckless spending and money creation policies of the US government place the dollar in peril. Original article: Can America Survive Global De-Dollarization?
Oct 29, 2024 • 0:00
A Major Contribution to Libertarian Social Thinking
John Hasnas has written a new book outlining how societies operate with mutual cooperation and common law. According to David Gordon, it is a major contribution to libertarian social thought.Original article: A Major Contribution to Libertarian Social Thinking
Oct 23, 2024 • 0:00
Simple Counters to Simplistic Critiques of Austrian Economics
Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.Original article: Simple Counters to Simplistic Critiques of Austrian Economics
Oct 23, 2024 • 0:00
“Hate Symbols” and the Meaning of Liberty
Western governments are keen on pursuing “hate crimes” and criminalizing what it calls “hate symbols.” However, these governments reserve to themselves just how one defines “hate,” which is nothing more than an attack upon free speech.Original article: “Hate Symbols” and the Meaning of Liberty
Oct 23, 2024 • 0:00
Repeating the Interventionist Excesses of the Tudor Period
Modern historians romanticize the reign of the Tudors in England, but in reality, they were brutal to their subjects and they centralized power to the detriment of the people. Governments today continue this march against freedom.Original article: Repeating the Interventionist Excesses of the Tudor Period
Oct 23, 2024 • 0:00
The Old Right Opposed Tariffs
The Old Right was a principled band of intellectuals and activists, who fought the “industrial regimentation” of the New Deal. They loathed tariffs and saw protectionism as a species of socialist planning.Original article: The Old Right Opposed Tariffs
Oct 23, 2024 • 0:00
Economic Calculation and the Entrepreneur
The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists. Original article: Economic Calculation and the Entrepreneur
Oct 23, 2024 • 0:00
Understanding the Action Axiom: How It Shapes the Structure of Society
Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life.Original article: Understanding the Action Axiom: How It Shapes the Structure of Society
Oct 23, 2024 • 0:00
Underdog Moicano Wins UFC Fight, Bashes Macron in France, Promotes Hoppe
Vegas expected Renato “Sound Money” Moicano to lose his UFC fight against Benoit Saint Denis. Instead, he won and used the opportunity to promote the work of another Austrian economist. This time, it was Hans-Hermann Hoppe.Original article: Underdog Moicano Wins UFC Fight, Bashes Macron in France, Promotes Hoppe
Oct 23, 2024 • 0:00
Yes, Car Seat Laws Reduce the Birth Rate
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility.Original article: Yes, Car Seat Laws Reduce the Birth Rate
Oct 20, 2024 • 0:00
Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions enhance is more government power.Original article: Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition
Oct 20, 2024 • 0:00
Hayek on the Welfare State
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law. Ludwig von Mises, however, knew that the welfare state is the ubiquitous slippery slope.Original article: Hayek on the Welfare State
Oct 20, 2024 • 0:00
What is Old School Economics?
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system to work, protecting private property, and so on. But there is more.Original article: What is Old School Economics?
Oct 20, 2024 • 0:00
Home Ownership Is Not the American Dream
Home prices continue to rise as the government tries to further intervene into the housing markets, all in the name of the “American Dream.” However, remember that these massive increases in housing prices began when the government decided to make housing more “affordable.”Original article: Home Ownership Is Not the American Dream
Oct 18, 2024 • 0:00
Centralizing Federal Power through Southern Reconstruction
One of the outcomes of the American Civil War was the movement toward centralization of political power in Washington. The Reconstruction regime imposed upon the former Confederate states following the war was an overt attempt to further impose federal power there.Original article: Centralizing Federal Power through Southern Reconstruction
Oct 18, 2024 • 0:00
“I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates
What if we could have eavesdropped on a conversation between Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen? It might have gone as follows.... Original article: “I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates
Oct 18, 2024 • 0:00
The Present Monetary System Is Heading for a Breakdown
As monetary authorities continue to inflate the money supply, they inflict more and more damage upon the currency. Unfortunately, as the economy falters under the inflationary regime, the “solution” always is to ramp up inflation. Original article: The Present Monetary System Is Heading for a Breakdown
Oct 18, 2024 • 0:00
Covid Tyrants Partied While Demanding Lockdowns for Everyone Else
Remember when progressive governments outlawed church gatherings but sanctioned sex orgies? Yes, it really happened. Original article: Covid Tyrants Partied While Demanding Lockdowns for Everyone Else
Oct 11, 2024 • 0:00
Henri Bergson: The Philosopher of Life and Creative Evolution
While Henri Bergson did not point his intellectual abilities toward politics, lesser men who were unscrupulous commandeered his ideas to promote their own collectivist ideologies. Original article: Henri Bergson: The Philosopher of Life and Creative Evolution
Oct 11, 2024 • 0:00
The Battle of the Confederate Monuments
In the past four years, a number of monuments honoring the Confederacy have been torn down or removed. As we have seen before, however, the activism behind this movement will not stop with just taking down Confederate symbols.Original article: The Battle of the Confederate Monuments
Oct 11, 2024 • 0:00
Does Technical Knowledge by Itself Drive Economic Growth?
Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real savings.Original article: Does Technical Knowledge by Itself Drive Economic Growth?
Oct 11, 2024 • 0:00
Past Tense—The Homeless Problem in Star Trek DS9
When discussing the homeless situation in the US, Star Trek does not usually come to mind. However, one episode from about three decades ago was both insightful and prophetic in presenting what would be homelessness in San Francisco.Original article: Past Tense—The Homeless Problem in Star Trek DS9
Oct 11, 2024 • 0:00
Enough Already: Stop Provoking Russia
The Ukraine war rages on and while the media and political classes repeat the “Putin started it” mantra, the evidence points elsewhere. The US government and its European allies have provoked Russia for years, hoping it would lead to an outbreak of war.Original article: Enough Already: Stop Provoking Russia
Oct 11, 2024 • 0:00
What Does ChatGPT Know about Money?
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.Original article: What Does ChatGPT Know about Money?
Oct 11, 2024 • 0:00
The Gradual Leftward Shift in US Politics and Economy
This year's presidential election is presented in stark terms of right and left, Trump on the right and Harris on the left. However, it is more realistic to say that both candidates are to the left of where electoral politics was located just a couple decades ago.Original article: The Gradual Leftward Shift in US Politics and Economy
Oct 7, 2024 • 0:00
Understanding the Basics of Modern Banking
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and how this system undermines economies. Thus, it is important to demystify these systems.Original article: Understanding the Basics of Modern Banking
Oct 7, 2024 • 0:00
The Denarius and the Dollar: Price Controls Then and Now
The more things change, the more they remain the same. In our present age of inflation, we are reminded of how Diocletian and other Roman authorities ordered price controls and other measures to hold down prices. None of these edicts were successful in bringing down prices.Original article: The Denarius and the Dollar: Price Controls Then and Now
Oct 7, 2024 • 0:00
An Economy So Strong It Requires Crisis-Level Fed Action
The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a decision like this, to avoid “spooking markets”, though this veneer is easy to see through.Original article: An Economy So Strong It Requires Crisis-Level Fed Action
Oct 7, 2024 • 0:00
Tariffs, Protectionism, and Why Borders Matter
The political zeitgeist is to embrace protectionism, leading some who support free trade to embrace open borders. However, as Murray Rothbard explained, people and societies are complex entities and what may work for trade does not work for open immigration.Original article: Tariffs, Protectionism, and Why Borders Matter
Oct 7, 2024 • 0:00
The Fed Hits the Panic Button and Slashes the Fed Funds Rate
The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.Original article: The Fed Hits the Panic Button and Slashes the Fed Funds Rate
Oct 7, 2024 • 0:00
Yes, We Should Defend the Term “Capitalism”
Many proponents of free markets have tried to cast aside the name “capitalism” as a descriptor of the market system. They should take caution before doing so.Original article: Yes, We Should Defend the Term “Capitalism”
Oct 7, 2024 • 0:00
The Second Trump Shooter Believed Exactly What the Establishment Media Wanted Him to Believe
After Trump narrowly escaped another assassination attempt, the establishment seems uninterested in the motives of the would-be shooter. Perhaps that’s because he’s echoing the same simplistic narratives about the Ukraine war and Trump that they demand we all believe.Original article: The Second Trump Shooter Believed Exactly What the Establishment Media Wanted Him to Believe
Oct 7, 2024 • 0:00
Do Financial Markets Immediately Provide All Relevant Information?
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.Original article: Do Financial Markets Immediately Provide All Relevant Information?
Sep 26, 2024 • 0:00
Understanding the Real Costs of Slavery: It’s Not Cheap labor
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.”Original article: Understanding the Real Costs of Slavery: It’s Not Cheap labor
Sep 26, 2024 • 0:00
New “Engels” on Marx
It is understood that Marx's theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so is the scenario that leads to the inevitable triumph of communism. That fact, however, doesn't stop Marx's disciples from employing other fallacies.Original article: New “Engels” on Marx
Sep 26, 2024 • 0:00
Why the Family Is Not the Model for the State
Politicians have long claimed that states are like big families, and that political regimes rule in ways similar to how parents raise their families. This is nonsense. Original article: Why the Family Is Not the Model for the State
Sep 26, 2024 • 0:00
“Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One
California's 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn't happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another.Original article: “Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One
Sep 24, 2024 • 0:00
The Bolognese Jurists behind the Proto-Austrians of the Salamanca School
The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions. Original article: The Bolognese Jurists behind the Proto-Austrians of the Salamanca School
Sep 24, 2024 • 0:00
Smashing the Western Illusion of Democracy
When our ruling classes speak of “believing in democracy,” they are speaking of a romantic version of a form of governance that, in real life, is quite different than the sanitized version presented in our media. Original article: Smashing the Western Illusion of Democracy
Sep 24, 2024 • 0:00
Can the State be Justified?
The common belief regarding state power is that it is always justified and there can be no questioning the state's existence. But is that true? Does state power conform to natural law or is it imposed upon subjected people? Original article: Can the State be Justified?
Sep 24, 2024 • 0:00
The Rebellious Old Right
What Murray Rothbard used to call the "Old Right" stood for liberty, freedom of speech, and a free economy. Most importantly, they stood for peace, all in contrast to the "liberals" of their day and ours.Original article: The Rebellious Old Right
Sep 24, 2024 • 0:00
The Stewards of History Desperately Need Mises
Academic historians and archivists have been captured by the hard left and the DEI industry. Not only will the current trends make them bad historians, but it also makes them intolerant people. Mises knew better.Original article: The Stewards of History Desperately Need Mises
Sep 24, 2024 • 0:00
It’s Always Been Hamiltonian Statecraft
The ruling elites of the US are calling for a "return" to "Hamiltonian Statecraft" and to move away from so-called isolationism. However, there has been no time since the end of World War II that the US has been anything but aggressive in its foreign policy.Original article: It’s Always Been Hamiltonian Statecraft
Sep 24, 2024 • 0:00
Diego Garcia and Cocos Islands: Another Example of US Imperialism
The US Armed Forces expand their footprints in the Indian Ocean, not to defend this country, but to expand military power. The Diego Garcia base has left a trail of ruined lives for those forced off their land to make room for yet another military base.Original article: Diego Garcia and Cocos Islands: Another Example of US Imperialism
Sep 19, 2024 • 0:00
Conceptual Clarity in Dismantling Economic Jargon
Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope being that, the more confusing the language, the greater the perceived scholarship. Good economics can and should be clearly logically explained.Original article: Conceptual Clarity in Dismantling Economic Jargon
Sep 19, 2024 • 0:00
Debunking Alarmism over Artificial Intelligence
As AI continues to develop, so does the hysteria that AI will soon take over and relegate us to a dystopian future. We need to realize that, like so many other tools, AI can have good and bad uses, but it cannot control itself.Original article: Debunking Alarmism over Artificial Intelligence
Sep 19, 2024 • 0:00
How to Contradict Yourself about Rights
What is the source of our rights, natural Law or the state? Unfortunately, too many people who should know better choose the latter. David Gordon makes short work of their internal contradictions.Original article: How to Contradict Yourself about Rights
Sep 19, 2024 • 0:00
Governments Had a Major Role in Sustaining Slavery
Despite claims from progressive historians that US slavery was a natural outgrowth of a free market economy, the reality is that slavery would have been much costlier without governments—federal and state—subsidizing it. It is time to set the record straight.Original article: Governments Had a Major Role in Sustaining Slavery
Sep 19, 2024 • 0:00
Is Artificial Intelligence the Next Easy-Money Bust?
While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments.Original article: Is Artificial Intelligence the Next Easy-Money Bust?
Sep 19, 2024 • 0:00
Is GDP an Accurate Measure of Reality?
Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality. Instead, it presents a distorted picture of genuine economic activity and leads to mistaken conclusions about the economy.Original article: Is GDP an Accurate Measure of Reality?
Sep 19, 2024 • 0:00
The Folly of Criminalizing “Hate”
Yet another discouraging trend in law in the UK, Europe, and the US has been the criminalization of what authorities call “hate speech.” However, much of what passes for such “speech” is innocuous at worst and historically has been protected.Original article: The Folly of Criminalizing “Hate”
Sep 19, 2024 • 0:00
Praxeology and Robert Malone’s “Surveillance Capitalism”
How do we guard against misinformation when business firms join with government to promote things that simply are false? As Murray Rothbard noted, people still have reason and the free will to make decisions for themselves.Original article: Praxeology and Robert Malone’s “Surveillance Capitalism”
Sep 12, 2024 • 0:00
Does Any Daylight Remain between Monetary and Fiscal Policy?
Contrary to myths of “Fed independence,” the Federal Reserve and the Treasury Department work closely together to keep monetary inflation going nonstop. Original article: Does Any Daylight Remain between Monetary and Fiscal Policy?
Sep 12, 2024 • 0:00
The Regime’s War on Cash Could Destroy the Economy
Progressive and even many mainstream economists believe that cash is a relic from the past and should be replaced with digital money. There are many good reasons why not to follow this course, and no good reasons to replace cash.Original article: The Regime’s War on Cash Could Destroy the Economy
Sep 12, 2024 • 0:00
The Mises-Hoiles Correspondence: What Might Have Been
From 1949 to 1962, American libertarian R.C. Hoiles and Ludwig von Mises corresponded many times, discussing issues relating to state power. While the correspondence at times was acrimonious, nonetheless, it offered valuable insight into the issues we still face.Original article: The Mises-Hoiles Correspondence: What Might Have Been
Sep 12, 2024 • 0:00
Education: Labeling vs. Tailoring
Despite opposition from government at every turn, homeschooling has developed into an industry with astounding resources and high-quality results. Contrast the individual educational tailoring of homeschooling versus the government's version of individual care: the IEP label.Original article: Education: Labeling vs. Tailoring
Sep 12, 2024 • 0:00
TSA Tyranny Goes Cutesy
The TSA's record for incompetence is astounding, even for a government agency. Any complaints, as this article shows, will be seen as subversion.Original article: TSA Tyranny Goes Cutesy
Sep 12, 2024 • 0:00
Free Speech and Legislative Bans on DEI
The TSA's record for incompetence is astounding, even for a government agency. Any complaints, as this article shows, will be seen as subversion.Original article: Free Speech and Legislative Bans on DEI
Sep 12, 2024 • 0:00
Harris-Walz: The Ticket of Covid Tyranny
While the Harris-Walz campaign doesn't publicize the candidates’ records on the Covid-19 lockdowns and mask mandates, voters should know what they did. Not only did the lockdowns create massive economic damage, but they led to many more deaths than lives saved.Original article: Harris-Walz: The Ticket of Covid Tyranny
Sep 12, 2024 • 0:00
Ireland, Authenticity, and the European Union
While recent European Parliament elections have raised questions about Ireland’s role in the EU, the truth is that Ireland’s historical role in civilizing Europe reminds us that Ireland is more European than the EU itself.Original article: Ireland, Authenticity, and the European Union
Sep 9, 2024 • 0:00
The Wisdom of Herbert Butterfield
Herbert Butterfield, who taught history at Cambridge, had many insights on the sea changes brought about by World War I and the collapse of the Old World Order. The new order that followed, he realized, was not an improvement over what previously existed.Original article: The Wisdom of Herbert Butterfield
Sep 9, 2024 • 0:00
ESG Undermines Social Welfare
Politicians and hedge funds that push “Environmental, Social, and Governance” (ESG) scores and investing do so with the notion of improving social welfare. What they fail to realize is that these concerns are accounted for in human action already.Original article: ESG Undermines Social Welfare
Sep 9, 2024 • 0:00
The Euro Is a Frankenstein-Currency
It may not have been created in the lab of a mad scientist, but the euro is still a manufactured, cobbled-together currency made from a number of national monetary units. Indeed, it is the perfect Frankenstein currency.Original article: The Euro Is a Frankenstein-Currency
Sep 9, 2024 • 0:00
Rothbard on Liberty and Free Will
Modern egalitarians play down the idea of free will, claiming that free will is relevant only if individuals have no interference with their choices. Murray Rothbard, on the other hand, recognized that self-ownership and one's ability to engage in reason is enough to recognize free will.Original article: Rothbard on Liberty and Free Will
Sep 9, 2024 • 0:00
The Dark Spectacle of Maduro: Elon Musk, Lula, and Electoral Fraud
Socialist regimes tend to follow the same playbook: promise much, deliver little, and, in the end, blame capitalism. Venezuela is the latest socialist entity to enter the Failed State Hall of Fame.Original article: The Dark Spectacle of Maduro: Elon Musk, Lula, and Electoral Fraud
Sep 9, 2024 • 0:00
The Incursion into Russia Will Not Solve Ukraine’s Biggest Problem
While the Ukrainian incursion in Russia’s Kursk region is dramatic, the operation does not change the fact that the Ukrainian position in future talks with Russia continues to grow weaker and weaker.Original article: The Incursion into Russia Will Not Solve Ukraine’s Biggest Problem
Sep 9, 2024 • 0:00
American Peronism: Kamala’s Plan to Ruin America’s Economy
Harris promises to reduce prices by printing more money, reducing competition, and attacking businesses. Welcome to the US version of Argentina's “Peronism.”Original article: American Peronism: Kamala’s Plan to Ruin America’s Economy
Sep 4, 2024 • 0:00
What the Media Says about Homeschooling
Even though homeschooling is growing in this country and the educational results are overwhelmingly positive, US progressive journalists naturally believe homeschooling is dangerous and in need of “oversight.”Original article: What the Media Says about Homeschooling
Sep 4, 2024 • 0:00
The Fable of the Economic “Soft Landing”
Keynesians believe that if there is a bout of inflation, central banks can slowly guide the economy to a “soft landing” which minimizes unemployment and income losses. Such policies, however, only lead to further boom-and-bust scenarios.Original article: The Fable of the Economic “Soft Landing”
Sep 4, 2024 • 0:00
Why the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t
A few years ago, the leftist publication The Intercept claimed that inflation only hurts the “one percent,” but is “good” for everyone else. The truth is much different, as the Fed’s inflationary policies have benefited the politically-connected crony class.Original article: Why the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t
Sep 4, 2024 • 0:00
Natural Law and Rothbardian Liberty
Modern mainstream economics bases its theories on utilitarianism. Murray Rothbard, on the other hand, saw economic law as based in natural law. Furthermore, he rejected the legal positivism of our age, again deferring to the law of nature.Original article: Natural Law and Rothbardian Liberty
Sep 4, 2024 • 0:00
FISA: How a Watergate-Era “Reform” Turned into a Mechanism of Massive State Surveillance
The flurry of post-Watergate “reforms” supposedly were passed to counteract government abuse of citizens. Not surprisingly, the FISA program, which was aimed at reducing internal government spying became the means of massive growth of the surveillance state.Original article: FISA: How a Watergate-Era “Reform” Turned into a Mechanism of Massive State Surveillance
Sep 4, 2024 • 0:00
Review: Bitcoin: The Inverse of Clown World
While Bitcoin and other cryptocurrencies can boggle the mind with their complex relationships, nonetheless, we are witnessing the development of a parallel economy that has sprung up in the wake of harmful government intervention.Original article: Review: Bitcoin: The Inverse of Clown World
Sep 4, 2024 • 0:00
Diplomacy, Distrust, and Nuclear War
It has been nearly 80 years since US aircraft dropped two atomic bombs on Japanese cities, but today, nations stockpiled with nuclear weapons engage in reckless foreign policies. It is time to recognize the danger irresponsible western governments pose to everyone else.Original article: Diplomacy, Distrust, and Nuclear War
Sep 4, 2024 • 0:00
Presidential Election or Economic Illiteracy Contest?
While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately, whoever wins in this contest, we lose.Original article: Presidential Election or Economic Illiteracy Contest?
Sep 4, 2024 • 0:00
Why State Enforcement of “Fairness” is Wrong
A recurring myth among progressives is that the state can enforce "fairness." However, given that government cannot even effectively define fairness, one doubts that the state can "enforce" what it doesn't know.Original article: Why State Enforcement of “Fairness” is Wrong
Aug 29, 2024 • 0:00
Be Prepared to Hear More about Taxes, Taxes, Taxes
With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.Original article: Be Prepared to Hear More about Taxes, Taxes, Taxes
Aug 29, 2024 • 0:00
The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor
The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.Original article: The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor
Aug 29, 2024 • 0:00
The Problem with Trump’s Agenda 47 for Homeschoolers
While Donald Trump is trying to appeal to homeschooling families with his Agenda 47 plan, the reality is that by offering tax breaks and subsidies, the federal government ultimately will be able to regulate homeschooling, and federal control will ruin homeschooling as we know it.Original article: The Problem with Trump’s Agenda 47 for Homeschoolers
Aug 29, 2024 • 0:00
Tax the Rich? Not a Good Idea
Taxing "the rich" won't make life more affordable for ordinary people. The true cause of the affordability crisis is inflation caused by central banks. Original article: Tax the Rich? Not a Good Idea
Aug 29, 2024 • 0:00
Is There a Praxeological Ethics?
David Gordon reviews J.W. Rich's new book, Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethics and finds much to like about this volume.Original article: Is There a Praxeological Ethics?
Aug 29, 2024 • 0:00
The Fed’s Fiat Money Is the Real Cause of Price Inflation
Politicians say "greedflation," and profits are what fuels rising prices, but the real culprit is fiat money creation fueled by the central bank. Original article: The Fed’s Fiat Money Is the Real Cause of Price Inflation
Aug 29, 2024 • 0:00
Republicans Declare War on the American Economy
By appealing to tariffs and other forms of economic regulation, Republicans have tossed aside any commitment to free market economics. Unfortunately, their program will lead to more economic stagnation, inflation, and runaway government spending.Original article: Republicans Declare War on the American Economy
Aug 29, 2024 • 0:00
Protecting infant industries doesn’t help the economy
One of the excuses for levying protective tariffs is to protect emerging domestic industries. However, this kind of protectionism, contrary to popular opinion, leaves an economy worse off every time.Original article: Protecting infant industries doesn’t help the economy
Aug 20, 2024 • 0:00
The Chevron decision may also apply to federal land policies in the West
While many are celebrating the Chevron decision that limits the power of federal bureaucracies to interpret federal law, it also may provide an opportunity to change federal policies regarding land ownership in the West.Original article: The Chevron decision may also apply to federal land policies in the West
Aug 20, 2024 • 0:00
The Fed Is Warping the Shape of the Yield Curve
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.Original article: The Fed Is Warping the Shape of the Yield Curve
Aug 20, 2024 • 0:00
China’s competitiveness is driven by low taxation, not by industrial policy
Contrary to popular belief, China's economy depends much less on central planning than in the past. China is strong in EV development, and the success is due not to government subsidies and direction but to plain good economics.Original article: China’s competitiveness is driven by low taxation, not by industrial policy
Aug 20, 2024 • 0:00
Kamala’s press chief tried to censor me
While Kamala Harris accuses Republicans of censoring books and library materials, her press secretary, Brian Fallon, tried to censor opinion articles critical of Eric Holder and the Department of Justice during the Obama years.Original article: Kamala’s press chief tried to censor me
Aug 20, 2024 • 0:00
The rule of law and property rights
While many people currently are likely to view the rule of law as simply a collection of arbitrary rules, it involves private property rights and limits on state power.Original article: The rule of law and property rights
Aug 20, 2024 • 0:00
Hayekian liberty and the predatory state
While F.A. Hayek was a promoter of liberty, his work nonetheless often failed to acknowledge just how predatory the state really is. Murray Rothbard understood that the real enemy is the predatory state.Original article: Hayekian liberty and the predatory state
Aug 20, 2024 • 0:00
The U.S. military machine is unsustainable
The U.S. government is spending trillions of dollars to prop up military ventures around the world. This kind of spending and exhausting of military resources cannot be sustained much longer.Original article: The U.S. military machine is unsustainable
Aug 20, 2024 • 0:00
Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money
The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.Original article: Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money
Aug 15, 2024 • 0:00
The American tradition of abolishing central banks
The United States abolished its first three central banks, and this was followed by a period of immense economic growth. End the Fed? We did it before and can do it again. Original Article: The American tradition of abolishing central banks
Aug 13, 2024 • 0:00
How capitalism defeats racism
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.Original Article: How capitalism defeats racism
Aug 13, 2024 • 0:00
Is the European Union headed for another debt crisis?
With the European economy remaining relatively stagnant and government debt levels climbing to disturbing levels, it's possible that some of these countries will see another debt crisis like we saw in Greece more than a decade ago.Original Article: Is the European Union headed for another debt crisis?
Aug 13, 2024 • 0:00
How should government police the public domain?
Libertarians have no problem dealing with how private property should be policed, but what about those areas we call public spaces? Murray Rothbard, not surprisingly, examined the issue thoroughly and had some insightful ideas.Original Article: How should government police the public domain?
Aug 13, 2024 • 0:00
Bidenomics: New employment numbers say recession is here
Following the release of today’s jobs report, it seems serious cracks are now appearing in the media's narrative on our "strong" economy. Original Article: Bidenomics: New employment numbers say recession is here
Aug 13, 2024 • 0:00
Rachel Maddow’s hunt for imaginary fascists
Rachel Maddow, the leftwing broadcaster, tries her hand at rewriting history. Unfortunately, her tendency to see a fascist hiding behind every bush and tree clouds her writing judgment.Original Article: Rachel Maddow’s hunt for imaginary fascists
Aug 13, 2024 • 0:00
Project 2025: The good, the bad, and the frustrating
With its focus on dismantling the administrative state, Project 2025 represents a refreshingly serious turn for the American right. However, its policy prescriptions remain frustratingly moderate.Original Article: Project 2025: The good, the bad, and the frustrating
Aug 13, 2024 • 0:00
A ‘smart city’ is a city plagued by high taxes and central planning
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.Original Article: A ‘smart city’ is a city plagued by high taxes and central planning
Aug 13, 2024 • 0:00
United in economic stagnation and false fears
In the wake of the Labor Party's huge win in Great Britain, one is reminded that Labor and Conservatives are far more united in their economic and policy viewpoints than they pretend to be.Original Article: United in economic stagnation and false fears
Aug 7, 2024 • 0:00
Time to reject ‘social justice’ and replace it with real justice
Social justice is a nonsensical term that interferes with the attempts to find authentic justice. It is not about equality so much as it is about imposing outcomes incompatible with a free society.Original Article: Time to reject ‘social justice’ and replace it with real justice
Aug 7, 2024 • 0:00
Unelected technocrats are now the nation’s chief executives
For all the regime's talk about "democracy," it is clear at this point that the White House is run by unelected personnel who are accountable only to technocratic elites.Original Article: Unelected technocrats are now the nation’s chief executives
Aug 7, 2024 • 0:00
No exceptions, please!
While defenders of democracy claim to hold fealty to the U.S. Constitution, they are quick to jettison it when they claim that democracy itself is in peril. David Gordon disagrees.Original Article: No exceptions, please!
Aug 7, 2024 • 0:00
Have we been living in an MMT world since 2008?
What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.Original Article: Have we been living in an MMT world since 2008?
Aug 7, 2024 • 0:00
Biden’s parting deluge of deceit deserves damning
The president's latest episode of "transparency" was the same deceitful behavior that has characterized his administration for the past four years. This time, it is employing deceit to "save democracy."Original Article: Biden’s parting deluge of deceit deserves damning
Aug 7, 2024 • 0:00
What Project 2025 says about the Fed
Surprisingly, Project 2025 blames the Fed for exacerbating the cycle of booms and busts, inflating away the value of the dollar, enabling exorbitant deficit spending.Original Article: What Project 2025 says about the Fed
Aug 7, 2024 • 0:00
Kamala Harris is awful
Kamala Harris is more than a continuation of the Obama-Biden progressive interventionism at home and abroad. She's an acceleration. Original Article: Kamala Harris is awful
Aug 7, 2024 • 0:00
How capitalism defeats racism
By appealing to the self-interest of buyers and sellers, capitalism foils attempts by lawmakers to create racially constructed limits on voluntary exchange. Capitalism undermines racism.Original Article: How capitalism defeats racism
Aug 5, 2024 • 0:00
Legal discrimination in apartheid and equity
Under the regime of apartheid, South Africa's government engaged in legal discrimination. In the new South Africa, the government also engages in legal racial discrimination in the name of "equity."Original Article: Legal discrimination in apartheid and equity
Aug 5, 2024 • 0:00
The problem with ‘work or starve’
Critics of capitalism claim that private enterprise gives workers the unhappy choice of either working difficult, low-paying jobs or outright starving. The claim is false and the history of capitalism tells a different story.Original Article: The problem with ‘work or starve’
Aug 5, 2024 • 0:00
Are apartment syndicators incompetent or crooked? The answer is yes
More than two decades ago, the Federal Reserve joined with the federal government to make housing more affordable. The first housing bubble popped in 2008, and a second bubble is on its way to bursting.Original Article: Are apartment syndicators incompetent or crooked? The answer is yes
Aug 5, 2024 • 0:00
Alexander Hamilton’s poisoned legacy
Alexander Hamilton hated decentralization, and wanted a strong central government, high taxes, and a central bank. Hamilton's legacy today dominates in Washington, DC.Original Article: Alexander Hamilton’s poisoned legacy
Aug 5, 2024 • 0:00
The 1866 civil rights revolution
The 1866 civil rights law was historical not because it promised racial equality but because it changed the legal relationship between the states and the federal government.Original Article: The 1866 civil rights revolution
Aug 5, 2024 • 0:00
The degrowth movement is antihuman, and its advocates are fine with that
The degrowth movement seeks to mitigate climate change by ending economic growth, which is really a move to engage in large-scale depopulation.Original Article: The degrowth movement is antihuman, and its advocates are fine with that
Aug 5, 2024 • 0:00
A historical lesson in higher-education self-governance
One of the reasons for the hard-left turn in higher education has been the increasing radicalization of accreditation agencies. It is important for colleges and universities to break away from these agencies and rethink the accreditation process.Original Article: A historical lesson in higher-education self-governance
Aug 5, 2024 • 0:00
The Limitations of Economic Laws
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.Original Article: The Limitations of Economic Laws
Jul 28, 2024 • 0:00
The Absurdity of Intellectual Property Laws
While protecting “intellectual property” has a good sound to it — even among libertarians — such policies are harmful to authentic property rights. We need to pursue another path.Original Article: The Absurdity of Intellectual Property Laws
Jul 28, 2024 • 0:00
The commencement speech someone needs to give
Instead of the usual claptrap that characterizes most graduation speeches, someone needs to give a speech that defends liberty and tells the truth about government and capitalism.Original Article: The commencement speech someone needs to give
Jul 28, 2024 • 0:00
How Corporate Bailouts Inflate the Money Supply
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.Original Article: How Corporate Bailouts Inflate the Money Supply
Jul 28, 2024 • 0:00
The Trump assassination attempt exposes the establishment’s deceitfulness
The Washington political establishment's uniform condemnation of the assassination attempt against Donald Trump does not square with the apocalyptic rhetoric they have used to describe him over the past eight years.Original Article: The Trump assassination attempt exposes the establishment’s deceitfulness
Jul 28, 2024 • 0:00
Natural rights and the American border
Issues of immigration are complex. The current system of open borders, detention and expanding access to welfare is destructive to our body politic. We need to come up with a better system that protects the rights of all.Original Article: Natural rights and the American border
Jul 28, 2024 • 0:00
Government regulation of competitive firms creates monopolies
Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.Original Article: Government regulation of competitive firms creates monopolies
Jul 28, 2024 • 0:00
Fear is the mind killer: America’s dangerous obsession with ‘safety’
Commonsense safety measures are being replaced in our working culture by an impossible “no risk” standard. A culture of “can do” is replaced by the culture of fear.Original Article: Fear is the mind killer: America’s dangerous obsession with ‘safety’
Jul 28, 2024 • 0:00
Anarchy in the UK
With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based upon social cooperation and peaceful resolution of conflicts.Original Article: Anarchy in the UK
Jul 24, 2024 • 0:00
Biden’s student loan gift SAVE is simply a wealth transfer
The Biden administration is determined to do an end run around the courts and ram through yet another student loan forgiveness plan. It is not real “loan forgiveness” but just a massive wealth transfer from lower-income to higher-income groups.Original Article: Biden’s Student Loan Gift SAVE Is Simply a Wealth Transfer
Jul 24, 2024 • 0:00
Praxeology and Animals
Utopians are not satisfied with imposing DEI on humans. They also want the state to treat animals as “oppressed” minorities with positive rights. Original Article: Praxeology and Animals
Jul 24, 2024 • 0:00
The Reality of Human Action
Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true.Original Article: The Reality of Human Action
Jul 24, 2024 • 0:00
Group interests and the ‘good of the whole’
Progressives promote civil rights viewpoints as being “good for the whole” of society. Yet most of the modern civil rights movements and accompanying legislation simply promote the "good" of one group at the expense of others.Original Article: Group interests and the ‘good of the whole’
Jul 24, 2024 • 0:00
Woodrow Wilson and Freedom
For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history.Original Article: Woodrow Wilson and Freedom
Jul 24, 2024 • 0:00
Biden is not running the government. So, who is?
It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why.Original Article: Biden Is Not Running the Government. So, Who Is?
Jul 24, 2024 • 0:00
Though popular, nationalizations ruin economies
When governments seize private firms in the name of nationalization, the moves are usually politically popular. However, it doesn't take long for the nationalized firms to turn into a financial black hole.Original Article: Though popular, nationalizations ruin economies
Jul 24, 2024 • 0:00
Reality Is NOT a Social Construct
Academic elites claim that there is no objective truth, only social constructs. Thus, people can create their own reality in many areas, and everyone else is expected to accept whatever “reality” is presented—or face serious consequences.Original Article: Reality Is NOT a Social Construct
Jul 18, 2024 • 0:00
Bureaucracy: The Death Knell of Higher Education
Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.Original Article: Bureaucracy: The Death Knell of Higher Education
Jul 18, 2024 • 0:00
Milei Snubs the Spanish Political Establishment
Javier Milei’s recent “snub” of Spain's political establishment during a recent visit there may have been a “violation” of diplomatic protocol, but it also was a statement that Spain’s socialism itself is uncivilized.Original Article: Milei Snubs the Spanish Political Establishment
Jul 18, 2024 • 0:00
Varying Interpretations of Truth, or Truth as a Social Construct
As the progressive Left expands its occupation of our institutions, the concept of truth itself becomes little more than a weapon to utilize to achieve political goals.Original Article: Varying Interpretations of Truth, or Truth as a Social Construct
Jul 18, 2024 • 0:00
Human Ignorance Is an Unstable Basis for Liberty and Praxeology
While F.A. Hayek saw human ignorance as the basis for what he called spontaneous order, Ludwig von Mises saw human reason as the basis for praxeology.Original Article: Human Ignorance Is an Unstable Basis for Liberty and Praxeology
Jul 18, 2024 • 0:00
Julian Assange, the Chevron Doctrine, and the case against pessimism
Last week, Julian Assange was freed and the Chevron doctrine was overturned. These are huge wins for liberty. Not long ago, they felt completely out of reach.Original Article: Julian Assange, the Chevron Doctrine, and the Case against Pessimism
Jul 18, 2024 • 0:00
From Milk Runs to MAD to Madness
It has been nearly eighty years since the US used atomic warfare on Japan as a way to end World War II. The legacy of that event is not one of peace but of outright madness.Original Article: From Milk Runs to MAD to Madness
Jul 18, 2024 • 0:00
The State Does Not Create Value-Enhancing Jobs
For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy.Original Article: The State Does Not Create Value-Enhancing Jobs
Jul 18, 2024 • 0:00
Draghi’s Globalist EU Speech Urges Concentration of Power
What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the EU is heading.Original Article: Draghi’s Globalist EU Speech Urges Concentration of Power
Jul 12, 2024 • 0:00
It All Began When the Government Tried to Make Housing More Affordable
The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right.Original Article: It All Began When the Government Tried to Make Housing More Affordable
Jul 12, 2024 • 0:00
Chop the Federal CHIPS Act
For all of the media ballyhoo about the CHIPS Act, it really is a page out of the old five-year plans from the Soviet Union. The CHIPS Act will have the same success as befell the Soviets.Original Article: Chop the Federal CHIPS Act
Jul 12, 2024 • 0:00
The Impact of Interest Rates on Economic Growth: An Austrian Perspective
Even as the Federal Reserve continues to manipulate interest rates to “fight” the results of the business cycle, Austrian economics teaches that business cycles occur because of the manipulation. They never learn.Original Article: The Impact of Interest Rates on Economic Growth: An Austrian Perspective
Jul 12, 2024 • 0:00
Biden’s Blarney on Bank Fees
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers face; inflation and intervention are the real threats.Original Article: Biden’s Blarney on Bank Fees
Jul 12, 2024 • 0:00
Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less
Environmentalists insist on banning fossil fuels and refrigerant gasses in order to end heat waves. That means people will face future heat waves (which will always be with us) without air conditioning, bringing even more heat-related deaths.Original Article: Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less
Jul 12, 2024 • 0:00
The “Equality of Opportunity” Fallacy
A common complaint is that the 1964 Civil Rights Act started in the “right direction,” valuing so-called equality of opportunity, but then went off the rails with “equality of result.” In truth, the act cannot be reconciled with a libertarian society.Original Article: The “Equality of Opportunity” Fallacy
Jul 12, 2024 • 0:00
The Collapse of Real Savings Caused the Great Depression
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.Original Article: The Collapse of Real Savings Caused the Great Depression
Jul 12, 2024 • 0:00
Lysander Spooner’s Flawed War on Poverty
Lysander Spooner was one of this country’s most important libertarians. His views on economics, while flawed, are free market in principle and have some insights Austrians can appreciate.Original Article: Lysander Spooner’s Flawed War on Poverty
Jul 2, 2024 • 0:00
Phony Civil Rights
The expansion of "civil rights" places emphasis upon "positive rights" that apply to specific groups with political privilege. This is a far cry from the concept of rights that helped build a free society in the United States.Original Article: Phony Civil Rights
Jul 2, 2024 • 0:00
Harry Frankfurt, Humbug, and the Battle against Wokery
Philosopher Harry Frankfurt definitely was not a product of modern academe, where wokeness and outright humbug rule. He understood that the equal-outcomes portion of DEI was neither possible nor desirable.Original Article: Harry Frankfurt, Humbug, and the Battle against Wokery
Jul 2, 2024 • 0:00
What Price Charity?
Is charity a right held by everyone or should charity be confined to private, voluntary action within a free market? David Gordon argues for the latter.Original Article: What Price Charity?
Jul 2, 2024 • 0:00
Caitlin Clark, Bullying and the Business of Basketball
Caitlin Clark, with her array of basketball skills, has filled arenas in her inaugural WNBA season. However, the idea of merit clashes with the leftist, egalitarian mindset that dominates in the league, and the early reaction to her success has been discouraging.Original Article: Caitlin Clark, Bullying and the Business of Basketball
Jul 2, 2024 • 0:00
Is Stephanie Kelton Failing Her Academic Responsibility?
Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in the Quarterly Journal of Austrian Economics.Original Article: Is Stephanie Kelton Failing Her Academic Responsibility?
Jul 2, 2024 • 0:00
The UK Blood Scandal Exposes British Elites
The tainted blood scandal in the UK should be a warning to people about the dangers of the National Health Service. Instead, we hear endless promises of reform that never will happen.Original Article: The UK Blood Scandal Exposes British Elites
Jul 2, 2024 • 0:00
The 45-Year-Old Cold War with Iran Is a Failure. It’s Time for a New Approach
The US and Iran have been mortal enemies since 1979. It is clear that the belligerent approach to dealing with Iran has failed. We need to engage policies that promote peace, not warfare.Original Article: The 45-Year-Old Cold War with Iran Is a Failure. It’s Time for a New Approach
Jul 2, 2024 • 0:00
Joe Biden’s Reverse Robin Hood Student Debt Cancellation
President Biden’s student loan forgiveness scheme is really Robin Hood in reverse, transferring wealth from people from lower-income groups to those who are relatively affluent.Original Article: Joe Biden’s Reverse Robin Hood Student Debt Cancellation
Jun 28, 2024 • 0:00
How Washington and the Fed Caused the Commercial Real Estate Crisis
Commercial real estate in the USA is facing a major crisis which could not have been possible without the enabling of the Fed and the draconian restrictions imposed during covid. As commercial real estate prices collapse, the usual suspects call for even more bailouts.Original Article: How Washington and the Fed Caused the Commercial Real Estate Crisis
Jun 28, 2024 • 0:00
The State’s Best-Kept Secret
What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.Original Article: The State’s Best-Kept Secret
Jun 28, 2024 • 0:00
Private Property Comes from Scarcity, Not Law
The socialist elites that dominate our institutions insist that private property is nothing more than a social construct held together by violence. As usual, they misunderstand that scarcity itself, which is the basis for economics, is also the basis for private property.Original Article: Private Property Comes from Scarcity, Not Law
Jun 28, 2024 • 0:00
The State Wants to Nationalize Second Mortgages. What Possibly Can Go Wrong?
As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.Original Article: The State Wants to Nationalize Second Mortgages. What Possibly Can Go Wrong?
Jun 28, 2024 • 0:00
Resisting the Brave New Culture
Murray Rothbard noted that the culture wars are not the result of conservative intransigence but rather of progressive elites’ insistence on forcing new cultural rules on people who don’t want to be coerced.Original Article: Resisting the Brave New Culture
Jun 28, 2024 • 0:00
The Problem with Juneteenth
The abolition of chattel slavery was a great advancement for human liberty. But many of those celebrating Juneteenth today still accept the core assumptions that underlie slavery.Original Article: The Problem with Juneteenth
Jun 28, 2024 • 0:00
The Fallacies of Conservative Protectionists
In its attempt to claim that the concept of free trade is full of fallacies, The American Compass builds its anti-free trade case upon...fallacies.Original Article: The Fallacies of Conservative Protectionists
Jun 28, 2024 • 0:00
Governments Hate Privacy Software
Alex Pertsev, a developer of Tornado Cash, has been sentenced to prison by a Dutch court for helping build a platform that guarantees financial privacy. If there is one thing the state cannot tolerate, it is someone making financial transactions without government agents watching.Original Article: Governments Hate Privacy Software
Jun 25, 2024 • 0:00
The Best Thing Governments Can Do for Business Is Get Out of the Way
Various indexes are used to determine the ease of doing business in countries around the world. Not surprisingly, the nations that allow for protection of private property and have economic freedom also are the most prosperous.Original Article: The Best Thing Governments Can Do for Business Is Get Out of the Way
Jun 25, 2024 • 0:00
Has Interventionism Jeopardized America’s Future?
Thanks to the war uniparty that controls Washington, Americans are mired in endless wars and military and political intervention. As Washington creates legions of new enemies, the future for average Americans grows uncertain.Original Article: Has Interventionism Jeopardized America’s Future?
Jun 25, 2024 • 0:00
How Bad Economic Policies Drive Out Good Entrepreneurs
Like bad money driving out good money, government intervention can also create Gresham’s law conditions for entrepreneurs. Using the political process, bad entrepreneurs can get government to regulate entrepreneurial competition out of business.Original Article: How Bad Economic Policies Drive Out Good Entrepreneurs
Jun 25, 2024 • 0:00
The Quest for Lebensraum
In his 2006 book The Wages of Destruction, Columbia University historian Adam Tooze explains Hitler’s policy of seeking lebensraum (living room). However, Ludwig von Mises (whom Tooze ignores) already explained that policy in his 1944 Omnipotent Government.Original Article: The Quest for Lebensraum
Jun 25, 2024 • 0:00
AI: “Existential Crisis” or Excuse for Cronyism?
As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.Original Article: AI: “Existential Crisis” or Excuse for Cronyism?
Jun 25, 2024 • 0:00
There Are Only Downsides to Prolonging the War in Ukraine
As the war in Ukraine drags on in its third year, Ukraine is bleeding and the future is even more gloomy. Unfortunately, even though it is time to end this conflict, the Biden administration continues to demand this war be fought to the last living Ukrainian.Original Article: There Are Only Downsides to Prolonging the War in Ukraine
Jun 25, 2024 • 0:00
Decolonizers’ Assault on Science
The decolonization movement seeks to destroy both economics and science, all in the name of social justice. In the end, however, what they get is not justice and certainly not order, but rather chaos, and deadly chaos at that.Original Article: Decolonizers’ Assault on Science
Jun 25, 2024 • 0:00
The Biden Administration Uses Fudged Numbers to Justify Imposing Punitive Regulations
In order to vastly expand the regulatory state, the Biden administration is using fake cost-benefit ratios to make its regulations seem less costly and more beneficial. This is clearly fraudulent, but no bureaucrat will be charged with any crimes.Original Article: The Biden Administration Uses Fudged Numbers to Justify Imposing Punitive Regulations
Jun 21, 2024 • 0:00
The Lesson of the Trump Conviction
The case against Donald Trump was utterly ridiculous. Yet he was convicted anyway. Opponents of the political establishment need to understand why. Original Article: The Lesson of the Trump Conviction
Jun 21, 2024 • 0:00
The Unsustainable AI-Driven Lending Boom
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.Original Article: The Unsustainable AI-Driven Lending Boom
Jun 21, 2024 • 0:00
From Profits to Pandering: How Government Turned Universities and Businesses into DEI Bureaucracies
Long before government mandates and pressure infected businesses and universities with the DEI virus, Ludwig von Mises explained how bureaucracies infect the decision-making process. Original Article: From Profits to Pandering: How Government Turned Universities and Businesses into DEI Bureaucracies
Jun 21, 2024 • 0:00
How People Can Better Fight Inflation
Ordinary people cannot stop the Fed and the government from inflating the currency, but they can take measures to shield themselves from some of its harmful effects. Mark Thornton presents a few ideas on how it can be done.Original Article: How People Can Better Fight Inflation
Jun 21, 2024 • 0:00
The Socialist Road to Destruction amid So-Called Good Intentions
Socialists pride themselves on their supposed good intentions even as they fashion policies that create havoc and harm the people socialists claim to be helping. Ludwig von Mises called it destructionism.Original Article: The Socialist Road to Destruction amid So-Called Good Intentions
Jun 21, 2024 • 0:00
Do You Know Who’s Hitting You?
While our political “leaders” insist that the government is “protecting” us, it offers the same kind of “protection” that mobsters offer: pay us to “protect” you, or we burn down your place with you in it.Original Article: Do You Know Who’s Hitting You?
Jun 21, 2024 • 0:00
The Menace of Political Show Trials
In the aftermath of Donald Trump's conviction in Manhattan—a political show trial, to be sure—David Gordon reviews Danilo Zolo’s, Victor’s Justice, which examined the Nuremberg Trials following World War II.Original Article: The Menace of Political Show Trials
Jun 21, 2024 • 0:00
Coyning US into War
David Gordon reviews How to Run Wars, by Christopher J. Coyne and Abigail R. Hall. Their tone is satirical, aimed at showing the folly and corruption that marks the policies of the foreign policy elites.Original Article: Coyning US into War
Jun 18, 2024 • 0:00
Debunking Robert Reich’s Debunking
Robert Reich is an economic fallacy machine, and he has begun a ten-week series in which he claims to debunk economic myths. Of course, to do so, he has to create economic myths and present them as factual.Original Article: Debunking Robert Reich’s Debunking
Jun 18, 2024 • 0:00
No Honor Among Government Thieves: The Evil of Asset Forfeiture
Asset forfeiture is another term for state-sponsored theft. Reform of this pernicious policy is almost impossible because of the incentives set up by governments at all levels.Original Article: No Honor Among Government Thieves: The Evil of Asset Forfeiture
Jun 18, 2024 • 0:00
Distinguishing Libertarian Philosophy from Political Strategy
What makes a libertarian society libertarian? Certainly, one must begin—as did Murray Rothbard—not only with the nonaggression principle, but also with the unequivocal protection of private property rights.Original Article: Distinguishing Libertarian Philosophy from Political Strategy
Jun 18, 2024 • 0:00
Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics
One of the problems in presenting economic concepts to a public audience is that too many people in the academic world do not comprehend the simple presence of opportunity cost. Original Article: Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics
Jun 18, 2024 • 0:00
Does Increasing the Money Supply also Increase Economic Growth?
Keynesian economists believe that the key to increasing economic growth is increasing the supply of money in circulation. Money, however, is a means of exchange, not a means of payments. The difference is vital to understanding economics.Original Article: Does Increasing the Money Supply also Increase Economic Growth?
Jun 18, 2024 • 0:00
Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee
The Tennessee Board of Regents for higher education is finding that their DEI efforts are not successful, and the Tennessee legislature has become skeptical. It might be better to scrap the DEI collectivist “solutions” altogether.Original Article: Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee
Jun 18, 2024 • 0:00
Civilization Depends upon Economic Freedom
Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical propositionOriginal Article: Civilization Depends upon Economic Freedom
Jun 18, 2024 • 0:00
Can Data by Itself Inform Us about the Real World?
Mainstream economists insist that data alone can explain economic events, permitting them to test economic theories. In truth, without sound theory, data is meaningless.Original Article: Can Data by Itself Inform Us about the Real World?
Jun 13, 2024 • 0:00
Switzerland Still Cherishes its Traditional Neutrality
Switzerland has been a neutral country for about five hundred years. Sweden also has a tradition of neutrality, but it has recently changed its position, to its own detriment.Original Article: Switzerland Still Cherishes its Traditional Neutrality
Jun 13, 2024 • 0:00
Central Banks Are Destroying Our Economies
Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.Original Article: Central Banks Are Destroying Our Economies
Jun 13, 2024 • 0:00
Don’t Call It Free Trade
According to an article in The Atlantic, Washington is turning away from its previous commitment to “free trade.” However, there never was a “free trade consensus” because Washington always has sought state-managed trade.Original Article: Don’t Call It Free Trade
Jun 13, 2024 • 0:00
Why Does America Have a Lack of Libertarian Representation?
Even though the US had a semilibertarian revolution, there are few libertarians in representative governance.Original Article: Why Does America Have a Lack of Libertarian Representation?
Jun 13, 2024 • 0:00
Smugglers: True Heroes of Liberty
Even though our legal authorities treat smugglers as criminals, smugglers actually are promoters of liberty who usually break unjust laws. The US was practically founded on smuggling.Original Article: Smugglers: True Heroes of Liberty
Jun 13, 2024 • 0:00
Judy Shelton’s Lasting Legacies
While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money.Original Article: Judy Shelton’s Lasting Legacies
Jun 13, 2024 • 0:00
US Arms Sales Are a Clear and Present Danger
The US government’s recent arms sale to Israel is a reminder that arms sales have become a significant part of US foreign policy, as well as a major source of instability around the world.Original Article: US Arms Sales Are a Clear and Present Danger
Jun 13, 2024 • 0:00
Why Politicians Cannot Be Trusted with Just War Theory
Politicians will invoke the venerable just war theory when they believe they can manipulate the facts in their favor. In truth, it is the rare government that engages in a justified conflict.Original Article: Why Politicians Cannot Be Trusted with Just War Theory
Jun 7, 2024 • 0:00
Homeschoolers Don’t Need Government Regulation
Government schooling advocates are demanding that homeschoolers be regulated by public school authorities. Perhaps homeschooling advocates should be monitoring the government.Original Article: Homeschoolers Don’t Need Government Regulation
Jun 7, 2024 • 0:00
Understanding Reason Is Paramount to Understanding Liberty
Contra critical theorists, who claim human reason is nothing more than a social construct, reason is both understandable and universal. We cannot abandon it, for if we do, we abandon liberty itself.Original Article: Understanding Reason Is Paramount to Understanding Liberty
Jun 7, 2024 • 0:00
Creative Destruction in American Higher Education: Schumpeter in Action
We are seeing Joseph Schumpeter's concept of creative destruction at work in higher education. The shake-up will continue.Original Article: Creative Destruction in American Higher Education: Schumpeter in Action
Jun 7, 2024 • 0:00
What Israel Is Doing to Gaza Is a Choice
Israel’s defenders act like Netanyahu and his allies have had no choice but to react to October 7 in the manner that they have. But that isn’t true.Original Article: What Israel Is Doing to Gaza Is a Choice
Jun 7, 2024 • 0:00
The Intellectual Poverty of Racial Polylogism
The watchword in higher education today is decolonization, which depends upon what Ludwig von Mises called racial polylogism. Mises understood that polylogism undermines the very foundations of scientific thought.Original Article: The Intellectual Poverty of Racial Polylogism
Jun 7, 2024 • 0:00
The Consequences of California’s New Minimum Wage Law
Supporters of the new California minimum wage law for fast-food restaurants claim it will bolster economic opportunity for lower-income people. It actually will be a wealth transfer from the poor to the rich.Original Article: The Consequences of California’s New Minimum Wage Law
Jun 7, 2024 • 0:00
The Case for Abolishing Regulatory Agencies
Contrary to popular belief, regulatory agencies do not improve the quality of our lives, nor do they provide safety or security. They need to be abolished, as free markets provide their own effective forms of regulation.Original Article: The Case for Abolishing Regulatory Agencies
May 23, 2024 • 0:00
Man, Economy, and Financial Markets
Do Austrian theories also apply to financial markets?Original Article: Man, Economy, and Financial Markets
May 23, 2024 • 0:00
No, Mises Was not Wrong about the Middle of the Road
Ludwig von Mises was ridiculed for his assertion that “middle of the road” leads to socialism in the end. As the federal government swallows increasing amounts of the economy, we see that Mises was right.Original Article: No, Mises Was not Wrong about the Middle of the Road
May 23, 2024 • 0:00
Lending without Saving Brings Recession and Poverty
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn. Original Article: Lending without Saving Brings Recession and Poverty
May 23, 2024 • 0:00
They Want to Scare You with Myths of “Unhampered Capitalism”
Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government.Original Article: They Want to Scare You with Myths of “Unhampered Capitalism”
May 23, 2024 • 0:00
As the Dollar Falters, Gold Becomes Insurance, Not Speculation
Many people are selling their gold to make ends meet. Others are buying gold as insurance against mounting price inflation. Original Article: As the Dollar Falters, Gold Becomes Insurance, Not Speculation
May 17, 2024 • 0:00
How Does Money in Our Possession Acquire Value?
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.Original Article: How Does Money in Our Possession Acquire Value?
May 17, 2024 • 0:00
War Hysteria Fuels New Attacks on Free Speech
Unfortunately, these assaults on the First Amendment continue to find support even among people who pretend to be in support of freedom and opposed to federal power.Original Article: War Hysteria Fuels New Attacks on Free Speech
May 17, 2024 • 0:00
The Hush-Money Case against Trump Is Ridiculous and Revealing
Despite the media definitions of the Trump trial as a “hush money trial,” the actual criminal charges are contrived and legally unprecedented. This is a show trial.Original Article: The Hush-Money Case against Trump Is Ridiculous and Revealing
May 17, 2024 • 0:00
Profit Is Not Plunder
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.Original Article: Profit Is Not Plunder
May 17, 2024 • 0:00
Thinking Properly about Public Welfare
For most Americans, the debate is about what size the welfare state should be. But why is there a welfare state at all? Original Article: Thinking Properly about Public Welfare
May 17, 2024 • 0:00
Zwolinski Tries to Take Rothbard to the Mat
In a recent symposium on Murray Rothbard's For a New Liberty, philosopher Matt Zwolinski takes issue with Rothbard on Murray’s views of freedom and property rights.Original Article: Zwolinski Tries to Take Rothbard to the Mat
May 17, 2024 • 0:00
Blowback in the African Coup Belt
The decades of American and European intervention in Africa are coming to an end, and things are even worse for American interests there. Perhaps overthrowing governments and trying to dictate political outcomes wasn’t a good idea.Original Article: Blowback in the African Coup Belt
May 17, 2024 • 0:00
The American Labor Market: Fact vs. Fiction
Progressive historians, journalists, and politicians claim that the Industrial Revolution and the growth of industry brought poverty and exploitation to American workers. The truth is much different, even if it is rarely heard.Original Article: The American Labor Market: Fact vs. Fiction
May 14, 2024 • 0:00
No, Milei Is Not a Fascist
Despite the accusations that Javier Milei is a fascist in libertarian clothes, many of his reforms have been successful in reversing some of the damage done to Argentina's economy by real fascists.Original Article: No, Milei Is Not a Fascist
May 14, 2024 • 0:00
Free-Market Profit Comes From Voluntary Exchange, not Exploitation
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.Original Article: Free-Market Profit Comes From Voluntary Exchange, not Exploitation
May 14, 2024 • 0:00
Somaliland Needs Self-Determination
Somalia is a country invented by European intervention. The region known as Somaliland ought to be free to secede from this imperialist creation. Original Article: Somaliland Needs Self-Determination
May 14, 2024 • 0:00
State Coercion and the Injustice of Apartheid
In publicly opposing apartheid, William H. Hutt saw how legal segregation kept black South Africans from pursuing legitimate economic goals. To Hutt, apartheid deprived people of equality of economic opportunity, which kept them in poverty.Original Article: State Coercion and the Injustice of Apartheid
May 14, 2024 • 0:00
The TikTok Ban Is the Next Patriot Act
Congress claims to have targeted TikTok because China's government allegedly uses it to spy on Americans. Besides dealing with a nonexistent threat, the bill gives the federal government vast new powers to misuse.Original Article: The TikTok Ban Is the Next Patriot Act
May 14, 2024 • 0:00
What Can Carl Menger Teach Us about Falafel Sandwiches?
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.Original Article: What Can Carl Menger Teach Us about Falafel Sandwiches?
May 14, 2024 • 0:00
Can There Be an Alliance between Austrian and Feminist Schools of Economics?
While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.Original Article: Can There Be an Alliance between Austrian and Feminist Schools of Economics?
May 14, 2024 • 0:00
An Optimistic Strategy for Liberty
A strategy for liberty must be both optimistic and realistic. Murray Rothbard understood that important point and laid out strategies and their moral justification.Original Article: An Optimistic Strategy for Liberty
May 12, 2024 • 0:00
The War on Poverty Makes Poverty Worse
Government officials like to claim they are doing something about reducing poverty. The trouble is, of course, that what they are doing makes things worse. Here on Income Tax Day, we recommend that next time, they should do nothing.Original Article: The War on Poverty Makes Poverty Worse
May 12, 2024 • 0:00
Is “Havana Syndrome” Russian Aggression or Another Media Conspiracy Theory?
According to a recent 60 Minutes broadcast, Russian agents are suspected of launching microwave rays at US diplomats abroad. The problem is that many of these stories are technologically implausible. Maybe skepticism is in order here.Original Article: Is “Havana Syndrome” Russian Aggression or Another Media Conspiracy Theory?
May 12, 2024 • 0:00
How the “Informal” Economy Creates Free Markets in Bolivia
Bolivia has been mired in poverty, hyperinflation, and state control of the economy for generations. It is time for a change, and the Alasitas Fair is leading the way.Original Article: How the “Informal” Economy Creates Free Markets in Bolivia
May 12, 2024 • 0:00
Abolish all Treason and Sedition Laws
States know that treason and sedition laws are about much more than matters of law and order. They are essential components of enhancing state power. Original Article: Abolish all Treason and Sedition Laws
May 12, 2024 • 0:00
Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back
On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.Original Article: Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back
May 12, 2024 • 0:00
The Intellectual Humility of the Spontaneous Order
F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning.Original Article: The Intellectual Humility of the Spontaneous Order
May 12, 2024 • 0:00
Artificially Low Interest Rates Are Creating Economic Chaos
In this review of Edward Chancellor’s The Price of Time, Joakim Book notes that a market economy cannot function correctly when central bankers manipulate interest rates.Original Article: Artificially Low Interest Rates Are Creating Economic Chaos
May 12, 2024 • 0:00
What Is the Purpose of Economic Theory?
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.Original Article: What Is the Purpose of Economic Theory?
May 7, 2024 • 0:00
Opposing Military Intervention: Loving Dictators or Hating War?
Why have some Americans opposed this nation’s involvement in foreign wars? According to Jacob Heilbrunn of The National Interest, it is because those Americans love bloody dictators like Adolph Hitler.Original Article: Opposing Military Intervention: Loving Dictators or Hating War?
May 7, 2024 • 0:00
How EU Law Has Made the Internet Less Free for Everyone Else
Like the Biden administration, the European Union elites are seeking to crush free speech on the Internet in the name of preventing “hate speech” and “disinformation.” Of course, the EU ruling classes won’t have to worry about being censored.Original Article: How EU Law Has Made the Internet Less Free for Everyone Else
May 7, 2024 • 0:00
Creating Wealth: The Cantillon or the Smith Way
Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development. Original Article: Creating Wealth: The Cantillon or the Smith Way
May 7, 2024 • 0:00
Mises in Argentina: Lessons of the Past for Today
In 1959, Ludwig von Mises gave lectures on economics in Argentina, where the economy was in steep decline. In the 1920s, Argentina was one of the world's wealthiest countries, but decades of Peronism and inflation started the country on the long road to poverty.Original Article: Mises in Argentina: Lessons of the Past for Today
May 7, 2024 • 0:00
Thanks to Government Animal Control, Stray Animals Rule My Neighborhood
Animal control officers are supposed to, well, control animals in a municipal area. But thanks to animal control policies, it's the stray animals that are in control of our author’s town.Order a free copy of Murray Rothbard's What Has Government Done to Our Money? at Mises.org/Money.Original Article: Thanks to Government Animal Control, Stray Animals Rule My Neighborhood
May 7, 2024 • 0:00
What the Campus Protesters and Their Critics Get Right and Wrong
While these students are right to oppose the horrific Israeli attacks on Gaza, many of the protests reflect leftist groupthink and typical higher education collectivism.Original Article: What the Campus Protesters and Their Critics Get Right and Wrong
May 7, 2024 • 0:00
Economic Education Has Become Economic Disinformation
The attempt by the mainstream economics profession to create economic literacy has turned into a movement to promote economic illiteracy.Order a free copy of Murray Rothbard's What Has Government Done to Our Money? at Mises.org/Money.Original Article: Economic Education Has Become Economic Disinformation
May 7, 2024 • 0:00
Privatize Driver’s Licenses
People often stubbornly hold to false beliefs, one of them being that government regulation of driving prevents chaos. However, the opposite seems to be true: government involvement in anything, including driving a car, creates the chaos we claim we want to avoid.Original Article: Privatize Driver’s Licenses
May 5, 2024 • 0:00
Conservatives Are Wrong on Economics. Here’s How to Fix the Problem.
While conservatives and followers of Austrian economics often have much in common, many conservatives are against free trade and free exchange. Austrians need to carefully explain why those beliefs are harmful.Original Article: Conservatives Are Wrong on Economics. Here’s How to Fix the Problem.
May 5, 2024 • 0:00
Cowardice, Not Courage, Led House Republicans to Side with the Democrats
The New York Times recently characterized House Republicans that voted to extend government domestic spying and continue to fund wars in the Middle East and Ukraine as “the adults in the room.” This is ironic, as real adults would not spend the country into oblivion. Original Article: Cowardice, Not Courage, Led House Republicans to Side with the Democrats
May 5, 2024 • 0:00
Does Libertarianism Reject Communities? Libertarianism Actually Strengthens Them
A common knock on libertarianism is that it is so individualistic that it rejects the concept of community. (Think of the political cartoon in which the libertarian lifeguard let people drown.) In truth, strong communities also need free individuals.Original Article: Does Libertarianism Reject Communities? Libertarianism Actually Strengthens Them
May 5, 2024 • 0:00
The FBI and CIA Are Enemies of the American People
The only answer lies in eviscerating their budgets, abolishing their enabling legislation, and encouraging aggressive lawfare against the regime in retribution for these agencies' many crimes.Original Article: The FBI and CIA Are Enemies of the American People
May 5, 2024 • 0:00
Low Time Preference Leads to Civilization
Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications. Original Article: Low Time Preference Leads to Civilization
May 5, 2024 • 0:00
Javier Milei vs. the Status Quo
Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition.Original Article: Javier Milei vs. the Status Quo
May 5, 2024 • 0:00
Why the West Is Giving Up on Individual Rights
Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism.Original Article: Why the West Is Giving Up on Individual Rights
May 5, 2024 • 0:00
Biden Perpetuates Washington’s Idiotic Steel Trade Policies
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago. Original Article: Biden Perpetuates Washington’s Idiotic Steel Trade Policies
May 2, 2024 • 0:00
Butler, Butt Out!
Feminist theorist Judith Butler is calling for mandatory education to confront children with modern gender theory. As David Gordon points out, she wants to use coercion to force people to accept her theories.Original Article: Butler, Butt Out!
May 1, 2024 • 0:00
Can There Be Justice Outside of the State? Yes
People have come to believe that only the state is morally qualified to create and maintain a system of justice. However, given that the state itself acts unjustly, perhaps it is time to look outside of the state.Original Article: Can There Be Justice Outside of the State? Yes
Apr 30, 2024 • 0:00
Wokism, Marxism and the Failures of Academic “Liberalism”
The academic world is supposed to serve as a beacon of enlightenment. Instead, as Wanjiru Njoya demonstrates, it promotes a failed liberalism.Original Article: Wokism, Marxism and the Failures of Academic “Liberalism”
Apr 30, 2024 • 0:00
Anarchy, State and Utopia: Robustly against Redistributive Taxation for 50 Years
Robert Nozick’s Anarchy, State and Utopia turns fifty this year, and this libertarian classic has stood the test of time.Original Article: Anarchy, State and Utopia: Robustly against Redistributive Taxation for 50 Years
Apr 30, 2024 • 0:00
We Need to Do with the State What We Have Done to Slavery
While chattel slavery exists in some parts of the world, it mostly has been abolished. Perhaps we should do the same thing to the state.Original Article: We Need to Do with the State What We Have Done to Slavery
Apr 30, 2024 • 0:00
Is Libertarianism Just Another Form of Critical Theory?
Libertarianism is criticized on all sides, but a new criticism has emerged that claims libertarianism is little more than another form of critical theory. Like the other complaints, this one is based on fallacious thinking.Original Article: Is Libertarianism Just Another Form of Critical Theory?
Apr 30, 2024 • 0:00
The UK Is Reverting to Railway Socialism
Great Britain are shifting back toward railway nationalization. Of course, the vaunted railway privatization of the 1990s wasn’t real privatization at all. Original Article: The UK Is Reverting to Railway Socialism
Apr 30, 2024 • 0:00
How Statism Destroyed Argentina
In less than a century, Argentina went from being one of the world’s wealthiest nations to one that struggles with poverty and massive inflation. Human Action provides lasting wisdom to improve life in that country.Original Article: How Statism Destroyed Argentina
Apr 23, 2024 • 0:00
Artificial Intelligence and Irrational Fears
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.Original Article: Artificial Intelligence and Irrational Fears
Apr 23, 2024 • 0:00
Iran's Attack on Israel Provides an Opportunity to De-escalate
Recent Iranian missile strikes on Israel in response to its earlier attack on the Iranian consulate in Syria have escalated the prospects of all-out war in the Middle East. There is an alternative to expanding the war: de-escalation.Original Article: Iran's Attack on Israel Provides an Opportunity to De-escalate
Apr 23, 2024 • 0:00
Murray Rothbard Understood the Importance of Self-Ownership
As Murray Rothbard noted, reason is a powerful tool to help us discern how to thrive in our world. Government, through propaganda and interference with education, seeks to stifle reason and replace it with obedience to the state.Original Article: Murray Rothbard Understood the Importance of Self-Ownership
Apr 23, 2024 • 0:00
The Nigerian People vs. NYSC Decree No. 24 of 1973: An Austro-libertarian Review
For the past fifty years, Nigeria’s government has required young people to “serve” for a year under the National Youth Service Corp. This more resembles slavery than service.Original Article: The Nigerian People vs. NYSC Decree No. 24 of 1973: An Austro-libertarian Review
Apr 23, 2024 • 0:00
California’s Crony Capitalist Minimum Wage Law
California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble if it has ties to the governor.Original Article: California’s Crony Capitalist Minimum Wage Law
Apr 23, 2024 • 0:00
The Hazards of "Colorblind Equality"
While “colorblind equality” has a better ring to it than the DEI regime, nonetheless, the concept is unworkable and actually contributes to worsening racial outcomes. Original Article: The Hazards of "Colorblind Equality"
Apr 23, 2024 • 0:00
Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.Original Article: Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates
Apr 23, 2024 • 0:00
Bureaucracy: Applying Mises’s Insights to Our Present Day
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Original Article: Bureaucracy: Applying Mises’s Insights to Our Present Day
Apr 16, 2024 • 0:00
Looking Back at the Crossroads: Liberty or Socialism
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Original Article: Looking Back at the Crossroads: Liberty or Socialism
Apr 16, 2024 • 0:00
A Tale of Two Bureaucracies
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Original Article: A Tale of Two Bureaucracies
Apr 16, 2024 • 0:00
Hazlitt Against Keynes on Unemployment and Wages: A Lesson for Modern Macroeconomics
Henry Hazlitt's The Failure of the New Economics remains the best criticism of J.M. Keynes's General Theory.Original Article: Hazlitt Against Keynes on Unemployment and Wages: A Lesson for Modern Macroeconomics
Apr 16, 2024 • 0:00
Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse.Original Article: Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Apr 16, 2024 • 0:00
Bureaucracy and Grove City College: How One College Resisted the Bureaucratization of Higher Education
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.Original Article: Bureaucracy and Grove City College: How One College Resisted the Bureaucratization of Higher Education
Apr 16, 2024 • 0:00
Federal Judges Co-Opted America's State Constitutions
In the early republic, debates over constitutional rights were centered on state bills of rights. But, over time the state charters were gradually co-opted by federal judges and courts.Original Article: Federal Judges Co-Opted America's State Constitutions
Apr 16, 2024 • 0:00
The Fraud Inherent in Fractional Reserve Banking
Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years.Original Article: The Fraud Inherent in Fractional Reserve Banking
Apr 16, 2024 • 0:00
Failing to Make the Case for Race-Based Reparations
In reviewing Reconsidering Reparations by Olúfẹ́mi O. Táíwò, David Gordon and Wanjiru Njoya point out the book's many fallacies and the lack of a coherent theory of justice by the author.Original Article: Failing to Make the Case for Race-Based Reparations
Apr 9, 2024 • 0:00
Two Cheers for Vivek Ramaswamy for His Commentary on the Fed
While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives.Original Article: Two Cheers for Vivek Ramaswamy for His Commentary on the Fed
Apr 9, 2024 • 0:00
California’s Latest Hustle: Utility Bills Based on Ratepayers' Income
California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong?Original Article: California’s Latest Hustle: Utility Bills Based on Ratepayers' Income
Apr 9, 2024 • 0:00
How State Intervention Fueled Haiti's Descent into Chaos
As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them.Original Article: How State Intervention Fueled Haiti's Descent into Chaos
Apr 9, 2024 • 0:00
Police Dogs Have Abolished Constitutional Due Process
Congress and the courts have eviscerated the Constitution to empower police dogs. The injustices are massive, but the authorities don't care.Original Article: Police Dogs Have Abolished Constitutional Due Process
Apr 9, 2024 • 0:00
Who Really Works Against the Public?
“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction.Original Article: Who Really Works Against the Public?
Apr 9, 2024 • 0:00
Personal Medical Bankruptcy: Made in DC
When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies.Original Article: Personal Medical Bankruptcy: Made in DC
Apr 9, 2024 • 0:00
CNN Is Wrong. Deflation Is a Good Thing
A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward.Original Article: CNN Is Wrong. Deflation Is a Good Thing
Apr 9, 2024 • 0:00
The Swiss National Bank vs. the Federal Reserve: The Fed's Capital Losses in Perspective
Do you like your central bank capital positive or negative? The Fed is bankrupt, but even after taking recent losses, the Swiss National Bank still has positive capital. Original Article: The Swiss National Bank vs. the Federal Reserve: The Fed's Capital Losses in Perspective
Apr 3, 2024 • 0:00
Banning TikTok Will Not Make Americans Safer
Once again, Congress is threatening to ban TikTok over “national security concerns.” But as long as Washington continues its unnecessary and provocative posturing around China’s coasts, Americans will never be safe.Original Article: Banning TikTok Will Not Make Americans Safer
Apr 3, 2024 • 0:00
Protectionism Doesn't Decrease "Food Insecurity"; It Increases It
In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course.Original Article: Protectionism Doesn't Decrease "Food Insecurity"; It Increases It
Apr 3, 2024 • 0:00
From Athens to Vienna: Understanding a System of Ethics
In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course.Original Article: From Athens to Vienna: Understanding a System of Ethics
Apr 3, 2024 • 0:00
Sebag and Natural Money
In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.Original Article: Sebag and Natural Money
Apr 3, 2024 • 0:00
Marx, Class Conflict, and the Ideological Fallacy
According to Marx, all ideas represent class-based interests, leaving no room for objective truth. The problem is that Marxists claim to hold to objective truth, but manage to contradict themselves.Original Article: Marx, Class Conflict, and the Ideological Fallacy
Apr 3, 2024 • 0:00
Connecticut’s Housing Shortage Is Rooted in Government Policies
While Connecticut authorities call on "experts" to help them quell the state's housing shortage, they fail to consider the policies that have caused it.Original Article: Connecticut’s Housing Shortage Is Rooted in Government Policies
Apr 3, 2024 • 0:00
The Presumption of Innocence Is under Attack
As the government expands the reach of civil rights law, one of the casualties is the presumption of innocence. The new rule seems to be “guilty until proven guilty.”Original Article: The Presumption of Innocence Is under Attack
Apr 3, 2024 • 0:00
No, the Civil War Did Not Forever Settle the Matter of Secession
By the logic of "we tried it before," the Soviet victory over Lithuania in 1953 meant that the question of independence was settled forever, and that Irish secession was forever verboten after the Easter Rebellion failed. Original Article: No, the Civil War Did Not Forever Settle the Matter of Secession
Mar 27, 2024 • 0:00
Wealth, Wisdom, and Prosperity: The Ancient Capitalist Tradition of India
While modern India is known for adopting socialism in the 1940s, it has an older tradition of free markets. It is time to rediscover that tradition.Original Article: Wealth, Wisdom, and Prosperity: The Ancient Capitalist Tradition of India
Mar 27, 2024 • 0:00
The Welfare State Prolongs Recessions
Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.Original Article: The Welfare State Prolongs Recessions
Mar 27, 2024 • 0:00
No Such Thing as a Neutral Fed
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either.Original Article: No Such Thing as a Neutral Fed
Mar 27, 2024 • 0:00
For Socialists, It Doesn't Matter if Socialism "Works." What Matters Is Power.
When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation.Original Article: For Socialists, It Doesn't Matter if Socialism "Works." What Matters Is Power.
Mar 27, 2024 • 0:00
Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who
When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way.Original Article: Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who
Mar 27, 2024 • 0:00
The Tyranny of the 1964 Civil Rights Act
While “wokeness” seems to be a new phenomenon, the problems are tied to a sixty-year-old “landmark” law: the 1964 Civil Rights Act. This law, unfortunately, promotes government tyranny in the name of freedom.Original Article: The Tyranny of the 1964 Civil Rights Act
Mar 27, 2024 • 0:00
The Folly of Rent Control in New York City (Again)
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments.Original Article: The Folly of Rent Control in New York City (Again)
Mar 21, 2024 • 0:00
Separating Information from Disinformation: Threats from the AI Revolution
While fears that AI will morph into something like the Terminator and try to destroy the world, the real threat from AI is that the authorities will use it to produce propaganda and public lies.Original Article: Separating Information from Disinformation: Threats from the AI Revolution
Mar 21, 2024 • 0:00
The Economics of the AI Revolution
Artificial intelligence has much to contribute as a consumption good and a producer’s good. However, there also are limitations in what AI can do, given it susceptible to the GIGO rule: Garbage in, garbage out.Original Article: The Economics of the AI Revolution
Mar 21, 2024 • 0:00
Free Markets and the Antidiscrimination Principle
The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should be able to engage in discrimination.Original Article: Free Markets and the Antidiscrimination Principle
Mar 21, 2024 • 0:00
Understanding the AI Revolution
The “AI” in our present real-world hype is nothing like the sci-fi “creatures” of film; AI machines are nowhere near conscious beings.Original Article: Understanding the AI Revolution
Mar 21, 2024 • 0:00
The Great Depression and Great Depression II: Similarities, Differences
The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?Original Article: The Great Depression and Great Depression II: Similarities, Differences
Mar 21, 2024 • 0:00
No, There Is Not a Perfect Open Border System between the States
Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of.Original Article: No, There Is Not a Perfect Open Border System between the States
Mar 21, 2024 • 0:00
Be on the Lookout for These Lies in Biden’s State of the Union Address
In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will not address the damage his administration has done to the economy.Original Article: Be on the Lookout for These Lies in Biden’s State of the Union Address
Mar 21, 2024 • 0:00
Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.Original Article: Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Mar 14, 2024 • 0:00
Covid Showed Us Who Really Rules America
It is during "emergencies" when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.Original Article: Covid Showed Us Who Really Rules America
Mar 14, 2024 • 0:00
Getting the Great Depression (Almost) Right -- And Totally Wrong
Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.Original Article: Getting the Great Depression (Almost) Right -- And Totally Wrong
Mar 14, 2024 • 0:00
Why the Bubble Economy Isn't the Real Economy
Many of the high-flying businesses that received massive publicity turned out to be the creation of a bubble economy. Not all businesses are flashes in a pan; many of them continue to serve as the backbone of our economy.Original Article: Why the Bubble Economy Isn't the Real Economy
Mar 14, 2024 • 0:00
A Principled View of Nations and Nationalism
As Murray Rothbard has noted, there is an important distinction between nation and state. The former is a voluntary association of people while the latter is coercive and predatory. Progressives, of course, claim the opposite.Original Article: A Principled View of Nations and Nationalism
Mar 14, 2024 • 0:00
How the US Regime Subsidizes Immigration—both Legal and Illegal
Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.Original Article: How the US Regime Subsidizes Immigration—both Legal and Illegal
Mar 14, 2024 • 0:00
The Myth of National Defense Spending
Many economic think tanks espouse that national defense spending benefits Americans at large. It doesn’t. The notion that military spending "bolsters" the economy is yet another Keynesian fable.Original Article: The Myth of National Defense Spending
Mar 14, 2024 • 0:00
The Supreme Court to Decide if New York Regulators Can Arbitrarily Target the NRA
Next month, the US Supreme Court will hear arguments on whether New York regulatory authorities can target the NRA simply because of the organization’s political viewpoints.Original Article: The Supreme Court to Decide if New York Regulators Can Arbitrarily Target the NRA
Mar 8, 2024 • 0:00
How State-Funding of Activist Groups Makes Britain Less Safe
Activist pro-immigration groups in Great Britain, while being heavily funded by government money, are using that money to stop orderly immigration and replace it with chaos. Taxpayers are not only on the hook to fund these groups, but also bear the brunt of immigration failures.Original Article: How State-Funding of Activist Groups Makes Britain Less Safe
Mar 8, 2024 • 0:00
Who Hijacked Our Free Will?
We may be governed by incompetent elites, but even they have not taken away our free will and ability to think for ourselves. We can look to Mises and Rothbard for inspiration.Original Article: Who Hijacked Our Free Will?
Mar 8, 2024 • 0:00
The Death of Easy Money Has Been Greatly Exaggerated
Central banks have had the chutzpah to claim credit for slowing down the rise of consumer prices. The truth is they have taken advantage of the supply boost from fading pandemic dislocations to pursue continued monetary inflation.Original Article: The Death of Easy Money Has Been Greatly Exaggerated
Mar 8, 2024 • 0:00
US States Have a Long History of Defaulting
As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.Original Article: US States Have a Long History of Defaulting
Mar 8, 2024 • 0:00
Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism
Christianity Today and other Christian publications are touting a book that claims to be based upon “biblical critical theory.” It’s yet another version of Marxism that is neither critical nor biblical. It’s just more Marxism.Original Article: Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism
Mar 8, 2024 • 0:00
Misunderstanding Both Lincoln and Basic Economics
Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.Original Article: Misunderstanding Both Lincoln and Basic Economics
Mar 8, 2024 • 0:00
Another Reason Why Individual Freedom Is So Much Better than Central Planning
Progressives believe that restricting individual liberty permits better social outcomes. In truth, it is individual liberty that allows societies to function best.Original Article: Another Reason Why Individual Freedom Is So Much Better than Central Planning
Mar 8, 2024 • 0:00
The Outrageous Persecution of Julian Assange
As officials feign outrage over the death of Alexei Navalny and the jailing of Evan Gershkovich, the US government tries to imprison a journalist for breaking truly incriminating stories.Original Article: The Outrageous Persecution of Julian Assange
Mar 3, 2024 • 0:00
The Awesome Verbal Punching Power of Thomas Paine
While Thomas Paine might be one of the most obscure "Founding Fathers" of this country, he was a powerful intellect who helped move people to choose liberty and independence.Original Article: The Awesome Verbal Punching Power of Thomas Paine
Mar 3, 2024 • 0:00
No, "Science" Has Not Proven Mises Wrong on Socialism
Socialists never give up trying to prove that socialism can maintain a functioning economy. Some have dragged out a nearly forty year old study as their exhibit A.Original Article: No, "Science" Has Not Proven Mises Wrong on Socialism
Mar 3, 2024 • 0:00
The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking
When governments go to war, the nation’s monetary system usually descends into the pit of inflation. The War of 1812 was no exception, and its monetary excesses led to the Panic of 1819.Original Article: The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking
Mar 3, 2024 • 0:00
Hubris Runs Rampant at the Fed
In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.Original Article: Hubris Runs Rampant at the Fed
Mar 3, 2024 • 0:00
The Right Is Wrong to Pursue Term Limits
While term limits is a near-article of faith by many on the right, the concept is flawed at its inception and the results are worse than anticipated.Original Article: The Right Is Wrong to Pursue Term Limits
Mar 3, 2024 • 0:00
To the European Union: Don't Tread on Us
As the European Union becomes increasingly dominated by progressive elites, it becomes more authoritarian and contemptuous of the rights of those the Union purports to serve.Original Article: To the European Union: Don't Tread on Us
Mar 3, 2024 • 0:00
How Governor Whitmer Doomed Detroit Autoworkers
In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested. Original Article: How Governor Whitmer Doomed Detroit Autoworkers
Feb 26, 2024 • 0:00
Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article: Does the Balance of Payments Determine Exchange Rates?
Feb 26, 2024 • 0:00
The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve
While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state. Original Article: The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve
Feb 26, 2024 • 0:00
Javier Milei Understands the Road to Serfdom
Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers. Original Article: Javier Milei Understands the Road to Serfdom
Feb 26, 2024 • 0:00
Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?
The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit. Original Article: Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?
Feb 26, 2024 • 0:00
What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much
Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire. Original Article: What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much
Feb 26, 2024 • 0:00
The Double-Edged Sword of School Choice
School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control. Original Article: The Double-Edged Sword of School Choice
Feb 26, 2024 • 0:00
After Trump, Then What?
There will be life after Trump one way or another, but in the long run, it seems as though the ruling party always wins. Original Article: After Trump, Then What?
Feb 26, 2024 • 0:00
Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?
The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit. Original Article: Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?
Feb 26, 2024 • 0:00
What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much
Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire. Original Article: What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much
Feb 26, 2024 • 0:00
How Governor Whitmer Doomed Detroit Autoworkers
In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested. Original Article: How Governor Whitmer Doomed Detroit Autoworkers
Feb 26, 2024 • 0:00
Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article: Does the Balance of Payments Determine Exchange Rates?
Feb 26, 2024 • 0:00
Javier Milei Understands the Road to Serfdom
Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers. Original Article: Javier Milei Understands the Road to Serfdom
Feb 26, 2024 • 0:00
The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve
While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state. Original Article: The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve
Feb 26, 2024 • 0:00
The Double-Edged Sword of School Choice
School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control. Original Article: The Double-Edged Sword of School Choice
Feb 26, 2024 • 0:00
After Trump, Then What?
There will be life after Trump one way or another, but in the long run, it seems as though the ruling party always wins. Original Article: After Trump, Then What?
Feb 26, 2024 • 0:00
Forget Being the World's Policeman; the Federal Government Can't Even Keep DC Safe
While US taxpayers pay billions for military missions around the world in the name of “keeping us safe,” the federal government fails to keep residents of the nation’s capital safe from violent crime. Original Article: Forget Being the World's Policeman; the Federal Government Can't Even Keep DC Safe
Feb 20, 2024 • 0:00
Social Insecurity: It’s Not Wrong to be Concerned about Facts
Social Security is headed for reduced benefits, and no amount of political rhetoric or even tax increases will solve that problem. The numbers do not lie. Original Article: Social Insecurity: It’s Not Wrong to be Concerned about Facts
Feb 20, 2024 • 0:00
Forget Being the World's Policeman; the Federal Government Can't Even Keep DC Safe
While US taxpayers pay billions for military missions around the world in the name of “keeping us safe,” the federal government fails to keep residents of the nation’s capital safe from violent crime. Original Article: Forget Being the World's Policeman; the Federal Government Can't Even Keep DC Safe
Feb 20, 2024 • 0:00
How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction
When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction
Feb 20, 2024 • 0:00
Social Insecurity: It’s Not Wrong to be Concerned about Facts
Social Security is headed for reduced benefits, and no amount of political rhetoric or even tax increases will solve that problem. The numbers do not lie. Original Article: Social Insecurity: It’s Not Wrong to be Concerned about Facts
Feb 20, 2024 • 0:00
How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction
When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction
Feb 20, 2024 • 0:00
An Open Letter to Walter E. Block
Block’s call for total war and the indiscriminate slaughter of innocent civilians in Gaza is the complete and uninhibited rejection and renunciation of the nonaggression principle that constitutes one of the very cornerstones of the Rothbardian system. Original Article: An Open Letter to Walter E. Block
Feb 18, 2024 • 0:00
Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well. Original Article: Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
Feb 18, 2024 • 0:00
Understanding the Trump Phenomenon: It's Not What the Elites Think
Political and economic elites predicted a doomsday scenario when Trump was elected in 2016, but the reality of his presidency didn’t come close to matching the apocalyptic rhetoric that accompanied it. Original Article: Understanding the Trump Phenomenon: It's Not What the Elites Think
Feb 18, 2024 • 0:00
An Open Letter to Walter E. Block
Block’s call for total war and the indiscriminate slaughter of innocent civilians in Gaza is the complete and uninhibited rejection and renunciation of the nonaggression principle that constitutes one of the very cornerstones of the Rothbardian system. Original Article: An Open Letter to Walter E. Block
Feb 18, 2024 • 0:00
Legacies of Injustice and Racial Inequality
Progressives argue that free markets stand in the way of economic and racial equality. In fact, free markets are the only vehicle that can help make people more equal. Original Article: Legacies of Injustice and Racial Inequality
Feb 18, 2024 • 0:00
Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well. Original Article: Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
Feb 18, 2024 • 0:00
Legacies of Injustice and Racial Inequality
Progressives argue that free markets stand in the way of economic and racial equality. In fact, free markets are the only vehicle that can help make people more equal. Original Article: Legacies of Injustice and Racial Inequality
Feb 18, 2024 • 0:00
Understanding the Trump Phenomenon: It's Not What the Elites Think
Political and economic elites predicted a doomsday scenario when Trump was elected in 2016, but the reality of his presidency didn’t come close to matching the apocalyptic rhetoric that accompanied it. Original Article: Understanding the Trump Phenomenon: It's Not What the Elites Think
Feb 18, 2024 • 0:00
A Short History of the Right to Self-Determination
Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide. Original Article: A Short History of the Right to Self-Determination
Feb 14, 2024 • 0:00
Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well. Original Article: Washington’s Planned Theft of Credit Card Benefits
Feb 14, 2024 • 0:00
Climate Deniers Deny Socialism. That's Why the Regime Hates Them.
So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants. Original Article: Climate Deniers Deny Socialism. That's Why the Regime Hates Them.
Feb 14, 2024 • 0:00
Are We Really All in This Together?
Whenever governing elites create a new crisis, they insist that “we're all in this together.” It’s time to ignore their lies altogether. Original Article: Are We Really All in This Together?
Feb 14, 2024 • 0:00
Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well. Original Article: Washington’s Planned Theft of Credit Card Benefits
Feb 14, 2024 • 0:00
A Short History of the Right to Self-Determination
Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide. Original Article: A Short History of the Right to Self-Determination
Feb 14, 2024 • 0:00
Are We Really All in This Together?
Whenever governing elites create a new crisis, they insist that “we're all in this together.” It’s time to ignore their lies altogether. Original Article: Are We Really All in This Together?
Feb 14, 2024 • 0:00
Climate Deniers Deny Socialism. That's Why the Regime Hates Them.
So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants. Original Article: Climate Deniers Deny Socialism. That's Why the Regime Hates Them.
Feb 14, 2024 • 0:00
If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works
Scott R. Sehon tries to be intellectually honest in his critique of capitalism and his endorsement of socialism, but David Gordon writes that Sehon needs to better know the arguments favoring capitalism. Original Article: If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works
Feb 10, 2024 • 0:00
Are Free Markets More Dangerous than Regulated Markets?
Is the regulatory choice a tradeoff between safety or “breaking a few eggs” via free markets? The logic of allowing for free and unhampered markets is compelling. Original Article: Are Free Markets More Dangerous than Regulated Markets?
Feb 10, 2024 • 0:00
Biden and Forgotten Federal Financial Tyranny
Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like. The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide. Original Article: Biden and Forgotten Federal Financial Tyranny
Feb 10, 2024 • 0:00
Biden's Middle East Policy Puts Americans at Risk
The Biden administration’s Middle East policies are going to produce the same kind of blowback that led to the 9/11 attacks. The more reckless Biden becomes, the more American lives are placed at risk. Original Article: Biden's Middle East Policy Puts Americans at Risk
Feb 10, 2024 • 0:00
Biden and Forgotten Federal Financial Tyranny
Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like. The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide. Original Article: Biden and Forgotten Federal Financial Tyranny
Feb 10, 2024 • 0:00
Are Free Markets More Dangerous than Regulated Markets?
Is the regulatory choice a tradeoff between safety or “breaking a few eggs” via free markets? The logic of allowing for free and unhampered markets is compelling. Original Article: Are Free Markets More Dangerous than Regulated Markets?
Feb 10, 2024 • 0:00
If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works
Scott R. Sehon tries to be intellectually honest in his critique of capitalism and his endorsement of socialism, but David Gordon writes that Sehon needs to better know the arguments favoring capitalism. Original Article: If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works
Feb 10, 2024 • 0:00
Biden's Middle East Policy Puts Americans at Risk
The Biden administration’s Middle East policies are going to produce the same kind of blowback that led to the 9/11 attacks. The more reckless Biden becomes, the more American lives are placed at risk. Original Article: Biden's Middle East Policy Puts Americans at Risk
Feb 10, 2024 • 0:00
A Field Guide to Dubious Fact-Checking
Fact-checking has become a veritable industry in the media. However, the conclusions of “fact checkers” mysteriously seem to align with the opinions of elites. That’s their story, and political, educational, and social elites are sticking to it. Original Article: A Field Guide to Dubious Fact-Checking
Feb 7, 2024 • 0:00
Social Media Should Not Be Blamed for the Consequences of Democracy
Social media tends to be blamed for the overall nastiness of public discourse. Instead of condemning this form of communication, condemn the fuel that feeds this conflagration: democracy. Original Article: Social Media Should Not Be Blamed for the Consequences of Democracy
Feb 7, 2024 • 0:00
Government Banks Would Be a Dangerous Tool for Progressive Ideologues
Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes. Original Article: Government Banks Would Be a Dangerous Tool for Progressive Ideologues
Feb 7, 2024 • 0:00
Government Banks Would Be a Dangerous Tool for Progressive Ideologues
Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes. Original Article: Government Banks Would Be a Dangerous Tool for Progressive Ideologues
Feb 7, 2024 • 0:00
Social Media Should Not Be Blamed for the Consequences of Democracy
Social media tends to be blamed for the overall nastiness of public discourse. Instead of condemning this form of communication, condemn the fuel that feeds this conflagration: democracy. Original Article: Social Media Should Not Be Blamed for the Consequences of Democracy
Feb 7, 2024 • 0:00
A Field Guide to Dubious Fact-Checking
Fact-checking has become a veritable industry in the media. However, the conclusions of “fact checkers” mysteriously seem to align with the opinions of elites. That’s their story, and political, educational, and social elites are sticking to it. Original Article: A Field Guide to Dubious Fact-Checking
Feb 7, 2024 • 0:00
Bastiat versus MMT
One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat. Original Article: Bastiat versus MMT
Feb 6, 2024 • 0:00
Bye Bye Willie: The Political Rent-Seeker
Intellectual property laws provide another example of how government stifles innovation and competition. Original Article: Bye Bye Willie: The Political Rent-Seeker
Feb 6, 2024 • 0:00
Rising Interest Rates and the "Great Reset" Bubble
While the “Great Reset” involves an unholy alliance between governments and big businesses, implementing its policies is impossible without central banks suppressing interest rates. Now that rates are rising, people are finding firsthand the real costs of the “Great Reset.” Original Article: Rising Interest Rates and the "Great Reset" Bubble
Feb 6, 2024 • 0:00
Jacobin Capitalism?
In his review of Claes G. Ryn's The Failure of American Conservatism, David Gordon points out that Austrian economic methodology is not a value-laden Jacobin experiment, but rather a workable explanation of how a successful economy works. Original Article: Jacobin Capitalism?
Feb 6, 2024 • 0:00
Bastiat versus MMT
One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat. Original Article: Bastiat versus MMT
Feb 5, 2024 • 0:00
Bye Bye Willie: The Political Rent-Seeker
Intellectual property laws provide another example of how government stifles innovation and competition. Original Article: Bye Bye Willie: The Political Rent-Seeker
Feb 5, 2024 • 0:00
Jacobin Capitalism?
In his review of Claes G. Ryn's The Failure of American Conservatism, David Gordon points out that Austrian economic methodology is not a value-laden Jacobin experiment, but rather a workable explanation of how a successful economy works. Original Article: Jacobin Capitalism?
Feb 5, 2024 • 0:00
Rising Interest Rates and the "Great Reset" Bubble
While the “Great Reset” involves an unholy alliance between governments and big businesses, implementing its policies is impossible without central banks suppressing interest rates. Now that rates are rising, people are finding firsthand the real costs of the “Great Reset.” Original Article: Rising Interest Rates and the "Great Reset" Bubble
Feb 5, 2024 • 0:00
Does Government Spending and Money Expansion Create New Wealth or Destroy It?
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it. Original Article: Does Government Spending and Money Expansion Create New Wealth or Destroy It?
Jan 30, 2024 • 0:00
Reflections on the Libertarian Role in Society
As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian thinking. Liberty is a goal still worth pursuing. Original Article: Reflections on the Libertarian Role in Society
Jan 30, 2024 • 0:00
The War on Producers and Entrepreneurs Is Based on False Notions of Profits
Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers. Original Article: The War on Producers and Entrepreneurs Is Based on False Notions of Profits
Jan 30, 2024 • 0:00
Reflections on the Libertarian Role in Society
As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian thinking. Liberty is a goal still worth pursuing. Original Article: Reflections on the Libertarian Role in Society
Jan 30, 2024 • 0:00
The War on Producers and Entrepreneurs Is Based on False Notions of Profits
Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers. Original Article: The War on Producers and Entrepreneurs Is Based on False Notions of Profits
Jan 30, 2024 • 0:00
Does Government Spending and Money Expansion Create New Wealth or Destroy It?
Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it. Original Article: Does Government Spending and Money Expansion Create New Wealth or Destroy It?
Jan 30, 2024 • 0:00
The Government Is Making the Economy Appear Better than It Is
By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well. Original Article: The Government Is Making the Economy Appear Better than It Is
Jan 29, 2024 • 0:00
The Decisive Driving Force to Victory for Javier Milei
Javier Milei has begun his presidency by taking action against much of Argentina’s vast welfare state. One hopes it is the beginning to a successful term in office. Original Article: The Decisive Driving Force to Victory for Javier Milei
Jan 29, 2024 • 0:00
Can Classical Economics Explain the Approaching Fiscal Disaster?
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem. Original Article: Can Classical Economics Explain the Approaching Fiscal Disaster?
Jan 29, 2024 • 0:00
Can Classical Economics Explain the Approaching Fiscal Disaster?
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem. Original Article: Can Classical Economics Explain the Approaching Fiscal Disaster?
Jan 28, 2024 • 0:00
The Decisive Driving Force to Victory for Javier Milei
Javier Milei has begun his presidency by taking action against much of Argentina’s vast welfare state. One hopes it is the beginning to a successful term in office. Original Article: The Decisive Driving Force to Victory for Javier Milei
Jan 28, 2024 • 0:00
The Government Is Making the Economy Appear Better than It Is
By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well. Original Article: The Government Is Making the Economy Appear Better than It Is
Jan 28, 2024 • 0:00
The December Jobs Report Is Mostly Bad News
The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe. Original Article: The December Jobs Report Is Mostly Bad News
Jan 28, 2024 • 0:00
The December Jobs Report Is Mostly Bad News
The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe. Original Article: The December Jobs Report Is Mostly Bad News
Jan 28, 2024 • 0:00
Why Open Borders Don't Work for Small Countries
The arguments of open-borders advocates may be applicable in some corners of the developed world. However, for small countries next to larger ones, open borders bring serious geopolitical consequences. Original Article: Why Open Borders Don't Work for Small Countries
Jan 24, 2024 • 0:00
Why Society Doesn't Need the State
Thomas Hill Green, an eighteenth-century English philosopher, didn't believe it was possible to have a good society without a powerful state. David Gordon explains why Green’s argument fails to impress. Original Article: Why Society Doesn't Need the State
Jan 24, 2024 • 0:00
Jamaica Still Struggles Economically, But There Is Hope for the Future
The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy. Original Article: Jamaica Still Struggles Economically, But There Is Hope for the Future
Jan 24, 2024 • 0:00
Jamaica Still Struggles Economically, But There Is Hope for the Future
The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy. Original Article: Jamaica Still Struggles Economically, But There Is Hope for the Future
Jan 24, 2024 • 0:00
Why Society Doesn't Need the State
Thomas Hill Green, an eighteenth-century English philosopher, didn't believe it was possible to have a good society without a powerful state. David Gordon explains why Green’s argument fails to impress. Original Article: Why Society Doesn't Need the State
Jan 24, 2024 • 0:00
Why Open Borders Don't Work for Small Countries
The arguments of open-borders advocates may be applicable in some corners of the developed world. However, for small countries next to larger ones, open borders bring serious geopolitical consequences. Original Article: Why Open Borders Don't Work for Small Countries
Jan 24, 2024 • 0:00
The Nation’s Reading Instruction Disaster
Much of the failure of American schools is due to the adherence to a flawed system of teaching students how to read. Homeschoolers often don‘t seem to have that problem, and there is a good reason why.Original article: The Nation’s Reading Instruction Disaster
Jan 23, 2024 • 0:00
Subjective Valuation Versus Arbitrary Valuation
One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.Original article: Subjective Valuation Versus Arbitrary Valuation
Jan 23, 2024 • 0:00
Ralph Raico: A Great Historian
Ralph Raico presents the fundamental political problem of the twentieth century, which remains our fundamental political problem today: How can war—given its appalling destruction—be avoided?Original article: Ralph Raico: A Great Historian
Jan 23, 2024 • 0:00
The Establishment’s “Principles” Are Fake
The Biden administration, and the political establishment more broadly, is scrambling to ram through policies that a majority of voters just voted against. Their actions expose that their supposed commitment to democracy is a lie.Original article: The Establishment’s “Principles” Are Fake
Jan 23, 2024 • 0:00
Bitcoiners’ Guide to Austrian Economics
Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet.Original article: Bitcoiners’ Guide to Austrian Economics
Jan 23, 2024 • 0:00
“Personnel Is Policy” Means the Rule of Law Is Dying
Those carrying out government directives are even less bound by law than they were a few years ago, and talk about new bureaucrats is beginning to resemble the Kremlinology of the Cold War.Original article: “Personnel Is Policy” Means the Rule of Law Is Dying
Jan 23, 2024 • 0:00
The Economics of Medical Waiting Rooms
"Hurry up and wait" is often the reality of medical care. We shouldn't be surprised to know that long lines and government intervention go together.Original article: The Economics of Medical Waiting Rooms
Jan 23, 2024 • 0:00
A Reply to Shostak: Can Increases in the Gold Supply Cause a Business Cycle?
In replying to a previous article by Frank Shostak, Douglas French writes that if an increase in the supply of gold ultimately leads to an expansion of bank credit, that is enough to start the boom-and-bust cycles, even if there is no central bank to accelerate the process.Original article: A Reply to Shostak: Can Increases in the Gold Supply Cause a Business Cycle?
Jan 23, 2024 • 0:00
Can an Easy Money Policy Increase Employment of "Idle Resources"?
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works. Original Article: Can an Easy Money Policy Increase Employment of "Idle Resources"?
Jan 21, 2024 • 0:00
The Establishment Is Unmasking Itself
American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands. Original Article: The Establishment Is Unmasking Itself
Jan 21, 2024 • 0:00
Can an Easy Money Policy Increase Employment of "Idle Resources"?
When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works. Original Article: Can an Easy Money Policy Increase Employment of "Idle Resources"?
Jan 21, 2024 • 0:00
Yemen: The Forgotten Neoconservative-Supported War in the Middle East
While Western attention is on the Israel-Hamas conflict, war quietly rages in Yemen with predictable destruction. Not surprisingly, US interventionism is fueling this fight. Original Article: Yemen: The Forgotten Neoconservative-Supported War in the Middle East
Jan 21, 2024 • 0:00
The Establishment Is Unmasking Itself
American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands. Original Article: The Establishment Is Unmasking Itself
Jan 21, 2024 • 0:00
Yemen: The Forgotten Neoconservative-Supported War in the Middle East
While Western attention is on the Israel-Hamas conflict, war quietly rages in Yemen with predictable destruction. Not surprisingly, US interventionism is fueling this fight. Original Article: Yemen: The Forgotten Neoconservative-Supported War in the Middle East
Jan 21, 2024 • 0:00
History versus Economics: Explaining the Causes of the Great Depression
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling. Original Article: History versus Economics: Explaining the Causes of the Great Depression
Jan 18, 2024 • 0:00
Why Argentina Needs Free Cities
For most of the past century, Argentina has seen the destruction wrought by collectivism. To reverse the damage, the nation must allow decentralization, beginning with free cities. Original Article: Why Argentina Needs Free Cities
Jan 18, 2024 • 0:00
Why Argentina Needs Free Cities
For most of the past century, Argentina has seen the destruction wrought by collectivism. To reverse the damage, the nation must allow decentralization, beginning with free cities. Original Article: Why Argentina Needs Free Cities
Jan 18, 2024 • 0:00
History vs Economics: Explaining the Causes of the Great Depression
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling. Original Article: History vs Economics: Explaining the Causes of the Great Depression
Jan 18, 2024 • 0:00
History versus Economics: Explaining the Causes of the Great Depression
While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling. Original Article: History versus Economics: Explaining the Causes of the Great Depression
Jan 18, 2024 • 0:00
Resurrecting the Failed Policy of Rent Control
When it comes to housing, the solution to the problem of affordability is rather straightforward: build more. Slapping price controls on housing in the form of “rent control” only makes things worse. Original Article: Resurrecting the Failed Policy of Rent Control
Jan 18, 2024 • 0:00
The Anti-Semitism Controversy on College Campuses Is the Direct Result of Identity Politics
The recent campus protests following the Hamas-Israel conflict have been framed as either antiapartheid or anti-Semitic. The conflict is much deeper, being rooted in toxic identity politics. Original Article: The Anti-Semitism Controversy on College Campuses Is the Direct Result of Identity Politics
Jan 18, 2024 • 0:00
Resurrecting the Failed Policy of Rent Control
When it comes to housing, the solution to the problem of affordability is rather straightforward: build more. Slapping price controls on housing in the form of “rent control” only makes things worse. Original Article: Resurrecting the Failed Policy of Rent Control
Jan 18, 2024 • 0:00
The Anti-Semitism Controversy on College Campuses Is the Direct Result of Identity Politics
The recent campus protests following the Hamas-Israel conflict have been framed as either antiapartheid or anti-Semitic. The conflict is much deeper, being rooted in toxic identity politics. Original Article: The Anti-Semitism Controversy on College Campuses Is the Direct Result of Identity Politics
Jan 18, 2024 • 0:00
Can Trump Save the Dollar?
While the US dollar still is the world‘s “reserve” currency, its abuse by the Federal Reserve and federal government has weakened it precipitously. While President-elect Trump recognizes the threats to the dollar, is he willing to do what needs to be done to change the situation?Original article: Can Trump Save the Dollar?
Jan 15, 2024 • 0:00
Real Democracy Can Only Be Freedom
Democracy is the watchword with the ruling classes, yet a democratic political system does not protect individual freedoms. Indeed, democracy often has become the main road to socialism. It‘s time for some honest discussion.Original article: Real Democracy Can Only Be Freedom
Jan 15, 2024 • 0:00
Slavery—Cronyism, Opportunity Cost, & Deadweight Loss
A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy.Original article: Slavery—Cronyism, Opportunity Cost, & Deadweight Loss
Jan 15, 2024 • 0:00
The Missing Secret
Modern academics are relentless in trying to find any nuances they can from the works of Karl Marx, but they miss the larger issues with his work. Marx was alive and active when the marginalists logically took apart his value theory, but hope springs eternal for Marx‘s supporters.Original article: The Missing Secret
Jan 15, 2024 • 0:00
Dred Scott, Politics, and the “Living” Constitution
Some legal “experts” are claiming that the Supreme Court‘s infamous 1857 Dred Scott decision is still used in current law. That, of course, is nonsense. In fact, soon after its passage, many northern states essentially nullified “Scott” at the state level.Original article: Dred Scott, Politics, and the “Living” Constitution
Jan 15, 2024 • 0:00
The Second Trump Term and the “Sanctions Industrial Complex”
Washington has wielded the sanctions weapon against nearly a third of all nations on earth. It is time to rethink these policies, and one hopes the incoming Trump administration will do just that and change course.Original article: The Second Trump Term and the “Sanctions Industrial Complex”
Jan 15, 2024 • 0:00
Trump’s Economic Policies: The Good, The Bad, and the Uncertain
President-elect Trump has promised changes in economic policies. How well they work and how they will affect us remains to be seen. Here is a look at proposals that have promise—and proposals that are likely to cause harm.Original article: Trump’s Economic Policies: The Good, The Bad, and the Uncertain
Jan 15, 2024 • 0:00
Progressivism and the Murder of a Health Insurance CEO
Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place.Original article: Progressivism and the Murder of a Health Insurance CEO
Jan 15, 2024 • 0:00
Reflections on the Rothbard Graduate Seminar
The Rothbard Graduate Seminar (RGS) provides an opportunity to learn about Austrian economics at a high level. Original Article: Reflections on the Rothbard Graduate Seminar
Jan 14, 2024 • 0:00
The Escalating Tensions in the Red Sea Are a Bad Omen
With the Houthis in Yemen firing on commercial ships in the Red Sea, the US is contemplating yet another Middle East conflict. As we see again, aggression leads to more aggression. Original Article: The Escalating Tensions in the Red Sea Are a Bad Omen
Jan 14, 2024 • 0:00
Privatizing Roads Solves the Problem of Road Closures
All of us have experienced government road closures and the traffic and safety nightmares they create. Private roads may be the answer to solving the problem. Original Article: Privatizing Roads Solves the Problem of Road Closures
Jan 14, 2024 • 0:00
Reflections on the Rothbard Graduate Seminar
The Rothbard Graduate Seminar (RGS) provides an opportunity to learn about Austrian economics at a high level. Original Article: Reflections on the Rothbard Graduate Seminar
Jan 14, 2024 • 0:00
Privatizing Roads Solves the Problem of Road Closures
All of us have experienced government road closures and the traffic and safety nightmares they create. Private roads may be the answer to solving the problem. Original Article: Privatizing Roads Solves the Problem of Road Closures
Jan 14, 2024 • 0:00
The Escalating Tensions in the Red Sea Are a Bad Omen
With the Houthis in Yemen firing on commercial ships in the Red Sea, the US is contemplating yet another Middle East conflict. As we see again, aggression leads to more aggression. Original Article: The Escalating Tensions in the Red Sea Are a Bad Omen
Jan 14, 2024 • 0:00
When Medical Authorities Went Totalitarian: Understanding Covid Policies and Protocols
The response to the covid-19 outbreak is better understood as a tool of the national security state rather than as a public health measure. Original Article: When Medical Authorities Went Totalitarian: Understanding Covid Policies and Protocols
Jan 12, 2024 • 0:00
The Problems with Post-Trump Populism
As both progressives and conservatives turn authoritarian, libertarian populism inspired by Murray Rothbard provides an alternative to the statist nonsense that dominates political discourse. Original Article: The Problems with Post-Trump Populism
Jan 12, 2024 • 0:00
Modern Portfolio Theory Is Mistaken: Diversification Is Not Investment
While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments. Original Article: Modern Portfolio Theory Is Mistaken: Diversification Is Not Investment
Jan 12, 2024 • 0:00
Modern Portfolio Theory Is Mistaken: Diversification Is Not Investment
While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments. Original Article: Modern Portfolio Theory Is Mistaken: Diversification Is Not Investment
Jan 12, 2024 • 0:00
When Medical Authorities Went Totalitarian: Understanding Covid Policies and Protocols
The response to the covid-19 outbreak is better understood as a tool of the national security state rather than as a public health measure. Original Article: When Medical Authorities Went Totalitarian: Understanding Covid Policies and Protocols
Jan 12, 2024 • 0:00
The Problems with Post-Trump Populism
As both progressives and conservatives turn authoritarian, libertarian populism inspired by Murray Rothbard provides an alternative to the statist nonsense that dominates political discourse. Original Article: The Problems with Post-Trump Populism
Jan 12, 2024 • 0:00
Marx’s Misanthropy
Marx is often portrayed as motivated by love of the working class, but, starting from the time he was a university student, he displayed contempt and hatred for the masses he deemed beneath him.Original article: Marx’s Misanthropy
Jan 10, 2024 • 0:00
Paul Krugman Rides into the Sunset
After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if one wishes to be honest.Original article: Paul Krugman Rides into the Sunset
Jan 10, 2024 • 0:00
What Has Government Done to Our Money?
The Mises Institute is giving away copies of Murray Rothbard's classic, What Has Government Done to Our Money? and it will change how one sees our nation's monetary history. Rothbard presents a clear case for sound money as a basis for civilization itself.Original article: What Has Government Done to Our Money?
Jan 10, 2024 • 0:00
Book Review: The Age of Debt Bubbles
The world is awash in debt bubbles, but politicians continue to spend, which requires even more central bank intervention—and more bubbles. Max Rangeley has edited The Age of Debt Bubbles, which details the dangers we face and how to stop the current madness.Original article: Book Review: The Age of Debt Bubbles
Jan 10, 2024 • 0:00
Employed Workers Dwindle and Full-Time Jobs Fall as the Fed Readies More Easy Money
In November, employed workers flatlined yet again as full-time work dropped for the tenth month in a row. Naturally, the Fed plans interest rate cuts. Original article: Employed Workers Dwindle and Full-Time Jobs Fall as the Fed Readies More Easy Money
Jan 10, 2024 • 0:00
Critical Race Theory and Racial Polylogism
Long before the term "Critical Race Theory" was coined, Ludwig von Mises already was critiquing what he called "racial polylogism," which claims that what passes for truth depends upon racial identity. While people might hold different perspectives, truth still is truth.Original article: Critical Race Theory and Racial Polylogism
Jan 10, 2024 • 0:00
Slash Military Spending: “Defense” Budgets are Bigger than Ever Before
Even though the Pentagon has failed seven audits in a row, defense spending is now 60 percent higher (in real terms) than its old Cold War peak. Original article: Slash Military Spending: “Defense” Budgets are Bigger than Ever Before
Jan 10, 2024 • 0:00
Minimum Wage Laws Can’t Repeal the Laws of Economics
A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.Original article: Minimum Wage Laws Can’t Repeal the Laws of Economics
Jan 10, 2024 • 0:00
A Free and Open Internet Is a Threat to the Establishment
Using the rhetoric of “protecting democracy,” American ruling elites have tried to censor the internet because they don’t like the results of democracy when information no longer is filtered by the political classes. Original Article: A Free and Open Internet Is a Threat to the Establishment
Jan 9, 2024 • 0:00
The Economic Wisdom of Antony C. Sutton's The War on Gold
Economist Antony C. Sutton understood one of the most fundamental economic truths: gold is money. Thorsten Polleit reviews Sutton’s classic book, The War on Gold. Original Article: The Economic Wisdom of Antony C. Sutton’s The War on Gold
Jan 9, 2024 • 0:00
Authorities in Jamaica Endorse Cancel Culture
Jamaicans are willing to accept authoritarian behavior from the state in the name of rejecting colonialism. Original Article: Authorities in Jamaica Endorse Cancel Culture
Jan 9, 2024 • 0:00
Government Prohibitions on Raw Milk Are Ignorant and Dangerous
Since government regulates nearly everything, it is not surprising that regulations often prohibit the sale and consumption of raw milk. Like many other regulations, these prohibitions reflect political favoritism, not health science. Original Article: Government Prohibitions on Raw Milk Are Ignorant and Dangerous
Jan 9, 2024 • 0:00
Government Prohibitions on Raw Milk Are Ignorant and Dangerous
Since government regulates nearly everything, it is not surprising that regulations often prohibit the sale and consumption of raw milk. Like many other regulations, these prohibitions reflect political favoritism, not health science. Original Article: Government Prohibitions on Raw Milk Are Ignorant and Dangerous
Jan 9, 2024 • 0:00
The Economic Wisdom of Antony C. Sutton’s The War on Gold
Economist Antony C. Sutton understood one of the most fundamental economic truths: gold is money. Thorsten Polleit reviews Sutton’s classic book, The War on Gold. Original Article: The Economic Wisdom of Antony C. Sutton’s The War on Gold
Jan 9, 2024 • 0:00
Authorities in Jamaica Endorse Cancel Culture
Jamaicans are willing to accept authoritarian behavior from the state in the name of rejecting colonialism. Original Article: Authorities in Jamaica Endorse Cancel Culture
Jan 9, 2024 • 0:00
A Free and Open Internet Is a Threat to the Establishment
Using the rhetoric of “protecting democracy,” American ruling elites have tried to censor the internet because they don’t like the results of democracy when information no longer is filtered by the political classes. Original Article: A Free and Open Internet Is a Threat to the Establishment
Jan 9, 2024 • 0:00
De-Bamboozling the Critical Race Theory of Court Intellectuals
There finally is pushback against Critical Race Theory that has infected higher education and most of our other institutions. Unfortunately, CRT concepts are so embedded in our body politic that the only way to combat them is through revisionist history.Original article: De-Bamboozling the Critical Race Theory of Court Intellectuals
Jan 7, 2024 • 0:00
William Rawle and Secession
William Rawle was a well-respected lawyer, legal scholar, an abolitionist, and a believer in the right of states to secede. He described this in A View of the Constitution of the United States of America, which many claimed to have read while at West Point prior to the Civil War.Original article: William Rawle and Secession
Jan 7, 2024 • 0:00
Want to Cut Federal Workers? Just Cut Spending.
These days, most federally-funded workers are “private” contract and grant workers. These jobs will quickly disappear if we‘re serious about spending cuts. Original article: Want to Cut Federal Workers? Just Cut Spending.
Jan 7, 2024 • 0:00
Self-Described “Austrian” Is New Leader of UK Conservative Party: Should Kemi Badenoch Give Us Hope?
In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future?Original article: Self-Described “Austrian” Is New Leader of UK Conservative Party: Should Kemi Badenoch Give Us Hope?
Jan 7, 2024 • 0:00
New Austrian Insights
It should be clear from the articles in this book that the Austrian School is thriving. Per Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention.Original article: New Austrian Insights
Jan 7, 2024 • 0:00
The Keynesian Liquidity Trap Fable
A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny.Original article: The Keynesian Liquidity Trap Fable
Jan 7, 2024 • 0:00
Atomic Salvation: Did the Atom Bombs Save 500,000 to 32 Million Lives?
The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped atomic bombs on Hiroshima and Nagasaki. The myth lives on to this day that the bombs ended the war prematurely, saving millions of lives.Original article: Atomic Salvation: Did the Atom Bombs Save 500,000 to 32 Million Lives?
Jan 7, 2024 • 0:00
Federal Power and Statist Racecraft
In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part by pitting recently-freed slaves against southern whites. The outcome was obvious, leading to more than a century of violent racial clashes, all the while strengthening federal power.Original article: Federal Power and Statist Racecraft
Jan 7, 2024 • 0:00
Do Destroyed Monuments Represent a Past Not Worth Defending?
Many cities and states in this country have been tearing down or destroying monuments because they represent part of a past that progressives and leftists believe should not have existed. Yet each time we tear down something, we potentially lose part of an important heritage. Original Article: Do Destroyed Monuments Represent a Past Not Worth Defending?
Jan 6, 2024 • 0:00
Markets versus State Healthcare Systems: Some Points of Contention
Progressives claim that state-sponsored healthcare systems are superior to market-based systems. Their arguments don’t add up. Original Article: Markets versus State Healthcare Systems: Some Points of Contention
Jan 6, 2024 • 0:00
Biden's "AI Bill of Rights" May Just Be Another Censorship Plan
President Joe Biden is promoting his “AI Bill of Rights,” which looks to be an attempt to censor political opposition. Naturally, political and media elites are enthusiastically endorsing it. Original Article: Biden's ""AI Bill of Rights"" May Just Be Another Censorship Plan
Jan 6, 2024 • 0:00
DC's Debt Trap
Federal debt is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty. Original Article: DC's Debt Trap
Jan 6, 2024 • 0:00
Markets versus State Healthcare Systems: Some Points of Contention
Progressives claim that state-sponsored healthcare systems are superior to market-based systems. Their arguments don’t add up. Original Article: Markets versus State Healthcare Systems: Some Points of Contention
Jan 6, 2024 • 0:00
Do Destroyed Monuments Represent a Past Not Worth Defending?
Many cities and states in this country have been tearing down or destroying monuments because they represent part of a past that progressives and leftists believe should not have existed. Yet each time we tear down something, we potentially lose part of an important heritage. Original Article: Do Destroyed Monuments Represent a Past Not Worth Defending?
Jan 6, 2024 • 0:00
DC's Debt Trap
Federal debt is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty. Original Article: DC's Debt Trap
Jan 6, 2024 • 0:00
Biden's "AI Bill of Rights" May Just Be Another Censorship Plan
President Joe Biden is promoting his “AI Bill of Rights,” which looks to be an attempt to censor political opposition. Naturally, political and media elites are enthusiastically endorsing it. Original Article: Biden's ""AI Bill of Rights"" May Just Be Another Censorship Plan
Jan 6, 2024 • 0:00
Truth Is the Biggest Threat to Democracy in DC
It seems U.S. government officials are entitled to blindfold and deceive the American people to avoid “intruding” on foreign leaders planning a military attack? This theory of democracy gets curiouser and curiouser. Original Article: Truth Is the Biggest Threat to Democracy in DC
Jan 4, 2024 • 0:00
Zoning Laws: Wolves in Sheep's Clothing
While zoning laws do not explain all homelessness in this country, they help make housing less affordable, putting more people on the streets who no longer can pay for a place to live. Original Article: Zoning Laws: Wolves in Sheep's Clothing
Jan 4, 2024 • 0:00
The Bill of Rights: The Only Good Part of the Constitution
The Bill of Rights turns 232 years old today. Adopted in 1791 as a consolation prize for the Anti-Federalists, it has been the most important part of American legal history since the 18th century. Original Article: The Bill of Rights: The Only Good Part of the Constitution
Jan 4, 2024 • 0:00
The Bill of Rights: The Only Good Part of the Constitution
The Bill of Rights turns 232 years old today. Adopted in 1791 as a consolation prize for the Anti-Federalists, it has been the most important part of American legal history since the 18th century. Original Article: The Bill of Rights: The Only Good Part of the Constitution
Jan 4, 2024 • 0:00
Zoning Laws: Wolves in Sheep's Clothing
While zoning laws do not explain all homelessness in this country, they help make housing less affordable, putting more people on the streets who no longer can pay for a place to live. Original Article: Zoning Laws: Wolves in Sheep's Clothing
Jan 4, 2024 • 0:00
What an Old Coin Collection Tells Us about Money from the Past
A coin collection can tell a lot about this nation's monetary history, and especially what happened nearly 60 years ago after the government debased U.S. coinage. This history is not having a happy ending. Original Article: What an Old Coin Collection Tells Us about Money from the Past
Jan 4, 2024 • 0:00
Truth Is the Biggest Threat to Democracy in DC
It seems U.S. government officials are entitled to blindfold and deceive the American people to avoid “intruding” on foreign leaders planning a military attack? This theory of democracy gets curiouser and curiouser. Original Article: Truth Is the Biggest Threat to Democracy in DC
Jan 4, 2024 • 0:00
What an Old Coin Collection Tells Us about Money from the Past
A coin collection can tell a lot about this nation's monetary history, and especially what happened nearly 60 years ago after the government debased U.S. coinage. This history is not having a happy ending. Original Article: What an Old Coin Collection Tells Us about Money from the Past
Jan 3, 2024 • 0:00
The Secret Passage: How Amzalak and Salazar Helped Ludwig von Mises Escape the Nazis
In 1940, shortly after Nazi armies ran across Europe and conquered France, Ludwig von Mises and his wife, Margit, escaped to the US after a harrowing journey through hostile territory. Here is their story.Original article: The Secret Passage: How Amzalak and Salazar Helped Ludwig von Mises Escape the Nazis
Jan 2, 2024 • 0:00
The Fed’s “Price Stability” Schemes Sow Economic Chaos
The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy.Original article: The Fed’s “Price Stability” Schemes Sow Economic Chaos
Jan 2, 2024 • 0:00
Why It’s Time To Abolish the Department of Education
Created as a sop to the teachers‘ unions, the Department has presided over huge declines in student academic performances and has played a vital role in politicizing formal learning at all levels. Original article: Why It’s Time To Abolish the Department of Education
Jan 2, 2024 • 0:00
Prices Are Not Measurements of Value
One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.Original article: Prices Are Not Measurements of Value
Jan 2, 2024 • 0:00
US Bond Yields Rise as Reserve Currency Status Wanes
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.Original article: US Bond Yields Rise as Reserve Currency Status Wanes
Jan 2, 2024 • 0:00
Another Merit of Medieval Bolognese Canons
The Austrian School of economics traces its roots to the School of Salamanca in medieval times. The scholastics of Salamanca, in turn, were influenced by the canon jurists from the University of Bologna, demonstrating the rich and historic roots of Austrian economics.Original article: Another Merit of Medieval Bolognese Canons
Jan 2, 2024 • 0:00
From Indentureship to Entrepreneurship
Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean-Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings.Original article: From Indentureship to Entrepreneurship
Jan 2, 2024 • 0:00
North and South in Antiracist Revisionism
Modern “antiracist” historians have pursued the myth that the virtuous North engaged in warfare with the South in order to free slaves and end chattel slavery. The historical record, however, tells a much different story.Original article: North and South in Antiracist Revisionism
Jan 2, 2024 • 0:00
Let them Merge: Foreign Acquisition of US Steel
Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts. Original Article: Let them Merge: Foreign Acquisition of US Steel
Dec 29, 2023 • 0:00
America's Corn Crop Comes from "Corny" Subsidies
America's famous Corn Belt should better be known as the nation's Subsidy Belt. Original Article: America's Corn Crop Comes from "Corny" Subsidies
Dec 29, 2023 • 0:00
Federal Student Loans Drive Up College Tuition Levels
Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt. Original Article: Federal Student Loans Drive Up College Tuition Levels
Dec 29, 2023 • 0:00
Let them Merge: Foreign Acquisition of US Steel
Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts. Original Article: Let them Merge: Foreign Acquisition of US Steel
Dec 29, 2023 • 0:00
Federal Student Loans Drive Up College Tuition Levels
Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt. Original Article: Federal Student Loans Drive Up College Tuition Levels
Dec 29, 2023 • 0:00
America's Corn Crop Comes from "Corny" Subsidies
America's famous Corn Belt should better be known as the nation's Subsidy Belt. Original Article: America's Corn Crop Comes from "Corny" Subsidies
Dec 29, 2023 • 0:00
Will Powell's Pivot Bail Out Biden?
With a doveish pivot, Jerome Powell is declaring victory over inflation. It would be extraordinarily naive to ignore the influence of next year’s presidential election on the Fed’s new outlook. Original Article: Will Powell's Pivot Bail Out Biden?
Dec 26, 2023 • 0:00
The Immorality of COP28
As the delegates gather for COP28 to set an agenda to "fight climate change," we should remember what they are seeking to do: destroy the world's economy as we have known it. Original Article: The Immorality of COP28
Dec 26, 2023 • 0:00
COP28: Climate Catastrophism Wins as the World Loses
World elites gathered in yet another attempt to remake the world in a different image, with so-called climate change invoked as the catalyst for the meeting. As one can imagine, their "good" society is not very good for those who are not elites. Original Article: COP28: Climate Catastrophism Wins as the World Loses
Dec 26, 2023 • 0:00
Political Authorities and Covid: Creating Crises in the Name of Public Health
In the name of dealing with a so-called public health crisis, U.S. political and medical elites created even more crises. David Gordon reviews Tom Woods' new book that deconstructs the disastrous decisions made by progressive politicians and medical authorities. Original Article: Political Authorities and Covid: Creating Crises in the Name of Public Health
Dec 26, 2023 • 0:00
COP28: Climate Catastrophism Wins as the World Loses
World elites gathered in yet another attempt to remake the world in a different image, with so-called climate change invoked as the catalyst for the meeting. As one can imagine, their "good" society is not very good for those who are not elites. Original Article: COP28: Climate Catastrophism Wins as the World Loses
Dec 26, 2023 • 0:00
Political Authorities and Covid: Creating Crises in the Name of Public Health
In the name of dealing with a so-called public health crisis, U.S. political and medical elites created even more crises. David Gordon reviews Tom Woods' new book that deconstructs the disastrous decisions made by progressive politicians and medical authorities. Original Article: Political Authorities and Covid: Creating Crises in the Name of Public Health
Dec 26, 2023 • 0:00
The Immorality of COP28
As the delegates gather for COP28 to set an agenda to "fight climate change," we should remember what they are seeking to do: destroy the world's economy as we have known it. Original Article: The Immorality of COP28
Dec 26, 2023 • 0:00
Will Powell's Pivot Bail Out Biden?
With a doveish pivot, Jerome Powell is declaring victory over inflation. It would be extraordinarily naive to ignore the influence of next year’s presidential election on the Fed’s new outlook. Original Article: Will Powell's Pivot Bail Out Biden?
Dec 26, 2023 • 0:00
Unraveling the Roots of the German Mark's Collapse
A century ago, the German reichsmark went into freefall as the most famous hyperinflation in history exploded the German economy. The repercussions still are with us. Original Article: Unraveling the Roots of the German Mark's Collapse
Dec 23, 2023 • 0:00
Africa Doesn't Need More Government Aid; It Needs Free Markets
Africa, while being rich in natural resources, is hobbled by government corruption, socialistic policies, and a lack of economic freedom. One only can hope for change. Original Article: Africa Doesn't Need More Government Aid; It Needs Free Markets
Dec 23, 2023 • 0:00
Can a Libertarian Find Hope in Prison? Maybe
One usually does not equate libertarian thinking with a US prison, but prison life does offer some surprises, especially when it comes to internal governance Original Article: Can a Libertarian Find Hope in Prison? Maybe
Dec 23, 2023 • 0:00
Africa Doesn't Need More Government Aid; It Needs Free Markets
Africa, while being rich in natural resources, is hobbled by government corruption, socialistic policies, and a lack of economic freedom. One only can hope for change. Original Article: Africa Doesn't Need More Government Aid; It Needs Free Markets
Dec 23, 2023 • 0:00
Unraveling the Roots of the German Mark's Collapse
A century ago, the German reichsmark went into freefall as the most famous hyperinflation in history exploded the German economy. The repercussions still are with us. Original Article: Unraveling the Roots of the German Mark's Collapse
Dec 23, 2023 • 0:00
Can a Libertarian Find Hope in Prison? Maybe
One usually does not equate libertarian thinking with a US prison, but prison life does offer some surprises, especially when it comes to internal governance Original Article: Can a Libertarian Find Hope in Prison? Maybe
Dec 23, 2023 • 0:00
Henry Kissinger: War Criminal and Enemy of Mankind
Get ready to see George W. Bush, Michelle Obama, Mitch McConnell, and Hillary Clinton all mourn together at Kissinger's funeral as they hail one of the regime's most devoted apologists. Original Article: Henry Kissinger: War Criminal and Enemy of Mankind
Dec 22, 2023 • 0:00
The Anatomy of the Statist
Statists reveal their belief in the almighty state in many different ways, but they all want the same outcome: more government control over our lives. Original Article: The Anatomy of the Statist
Dec 22, 2023 • 0:00
President Biden Is Wrong. Military Spending Does Not Produce Wealth
In his latest defense of bloated military spending, President Joe Biden claims that the military budget creates real wealth. Instead, military spending is destroying it. Original Article: President Biden Is Wrong. Military Spending Does Not Produce Wealth
Dec 22, 2023 • 0:00
President Biden Is Wrong. Military Spending Does Not Produce Wealth
In his latest defense of bloated military spending, President Joe Biden claims that the military budget creates real wealth. Instead, military spending is destroying it. Original Article: President Biden Is Wrong. Military Spending Does Not Produce Wealth
Dec 22, 2023 • 0:00
The Anatomy of the Statist
Statists reveal their belief in the almighty state in many different ways, but they all want the same outcome: more government control over our lives. Original Article: The Anatomy of the Statist
Dec 22, 2023 • 0:00
The Immorality of Protectionism
Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness. Original Article: The Immorality of Protectionism
Dec 22, 2023 • 0:00
The First Enemies of Free Markets Were Conservatives, Not Socialists
British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists. Original Article: The First Enemies of Free Markets Were Conservatives, Not Socialists
Dec 21, 2023 • 0:00
The Fed-Enabled Apartment Bubble Is Unraveling
Thanks to Federal Reserve intervention, apartments and apartment buildings have turned into giant malinvestments. Once again, a federal entity intervenes in markets presumably to make them work better, but things end in a crisis. Original Article: The Fed-Enabled Apartment Bubble Is Unraveling
Dec 21, 2023 • 0:00
Henry Kissinger: War Criminal and Enemy of Mankind
Get ready to see George W. Bush, Michelle Obama, Mitch McConnell, and Hillary Clinton all mourn together at Kissinger's funeral as they hail one of the regime's most devoted apologists. Original Article: Henry Kissinger: War Criminal and Enemy of Mankind
Dec 21, 2023 • 0:00
The Immorality of Protectionism
Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness. Original Article: The Immorality of Protectionism
Dec 21, 2023 • 0:00
The First Enemies of Free Markets Were Conservatives, Not Socialists
British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists. Original Article: The First Enemies of Free Markets Were Conservatives, Not Socialists
Dec 21, 2023 • 0:00
The Fed-Enabled Apartment Bubble Is Unraveling
Thanks to Federal Reserve intervention, apartments and apartment buildings have turned into giant malinvestments. Once again, a federal entity intervenes in markets presumably to make them work better, but things end in a crisis. Original Article: The Fed-Enabled Apartment Bubble Is Unraveling
Dec 21, 2023 • 0:00
Friedman versus Rothbard
Murray Rothbard and Milton Friedman didn’t only disagree on the subject of economics. They also sharply disagreed on the direction American conservatism needed to go. Original Article: Friedman versus Rothbard
Dec 20, 2023 • 0:00
The Path to True Freedom is Systematic Privatization
Anarchocapitalism does not fall into the same category as socialism, whose establishment and maintenance require violence. Anarchocapitalism arises spontaneously from the removal of barriers that stand against the natural order of things. Original Article: The Path to True Freedom is Systematic Privatization
Dec 20, 2023 • 0:00
Biden Is Providing an Opportunity for a New "Outreach to the Deplorables"
As the Biden administration doubles down in its determination to create a more progressive nation, it inadvertently is creating more opportunities to promote libertarian alternatives. Original Article: Biden Is Providing an Opportunity for a New "Outreach to the Deplorables"
Dec 19, 2023 • 0:00
Understanding Anti-Capitalist Fallacies
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on. Original Article: Understanding Anti-Capitalist Fallacies
Dec 19, 2023 • 0:00
Friedman versus Rothbard
Murray Rothbard and Milton Friedman didn’t only disagree on the subject of economics. They also sharply disagreed on the direction American conservatism needed to go. Original Article: Friedman versus Rothbard
Dec 18, 2023 • 0:00
The Path to True Freedom is Systematic Privatization
Anarchocapitalism does not fall into the same category as socialism, whose establishment and maintenance require violence. Anarchocapitalism arises spontaneously from the removal of barriers that stand against the natural order of things. Original Article: The Path to True Freedom is Systematic Privatization
Dec 18, 2023 • 0:00
Biden Is Providing an Opportunity for a New "Outreach to the Deplorables"
As the Biden administration doubles down in its determination to create a more progressive nation, it inadvertently is creating more opportunities to promote libertarian alternatives. Original Article: Biden Is Providing an Opportunity for a New "Outreach to the Deplorables"
Dec 18, 2023 • 0:00
Understanding Anti-Capitalist Fallacies
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on. Original Article: Understanding Anti-Capitalist Fallacies
Dec 18, 2023 • 0:00
What Would Mises Think? Austria Is Applying (Some) Austrian Economics
While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property. Original Article: What Would Mises Think? Austria Is Applying (Some) Austrian Economics
Dec 17, 2023 • 0:00
It’s Time to Bust the Myth of Fed Omnipotence
One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve. Original Article: It’s Time to Bust the Myth of Fed Omnipotence
Dec 16, 2023 • 0:00
How Fossil Fuel Revolutionized Our Kitchens and Our Food
Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age. Original Article: How Fossil Fuel Revolutionized Our Kitchens and Our Food
Dec 16, 2023 • 0:00
After Ukraine, Realpolitik Will Be the New Interventionist Status Quo
Between war weariness and the inability of the US government to pay war bills, reality is going to come to the fore even if Washington doesn't like it. Original Article: After Ukraine, Realpolitik Will Be the New Interventionist Status Quo
Dec 15, 2023 • 0:00
Student Loans: The Continuing Crisis That Is Getting Worse
The student loan program is descending into chaos and the Biden administration is clueless about what to do. Furthermore, the value of a college education continues to fall while college costs increase. Original Article: Student Loans: The Continuing Crisis That Is Getting Worse
Dec 15, 2023 • 0:00
What Would Mises Think? Austria Is Applying (Some) Austrian Economics
While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property. Original Article: What Would Mises Think? Austria Is Applying (Some) Austrian Economics
Dec 14, 2023 • 0:00
It’s Time to Bust the Myth of Fed Omnipotence
One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve. Original Article: It’s Time to Bust the Myth of Fed Omnipotence
Dec 14, 2023 • 0:00
How Fossil Fuel Revolutionized Our Kitchens and Our Food
Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age. Original Article: How Fossil Fuel Revolutionized Our Kitchens and Our Food
Dec 14, 2023 • 0:00
After Ukraine, Realpolitik Will Be the New Interventionist Status Quo
Between war weariness and the inability of the US government to pay war bills, reality is going to come to the fore even if Washington doesn't like it. Original Article: After Ukraine, Realpolitik Will Be the New Interventionist Status Quo
Dec 14, 2023 • 0:00
Student Loans: The Continuing Crisis That Is Getting Worse
The student loan program is descending into chaos and the Biden administration is clueless about what to do. Furthermore, the value of a college education continues to fall while college costs increase. Original Article: Student Loans: The Continuing Crisis That Is Getting Worse
Dec 14, 2023 • 0:00
Inflationary Expectations Do Not Cause Inflation
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply. Original Article: Inflationary Expectations Do Not Cause Inflation
Dec 14, 2023 • 0:00
As the US Treasury Runs Out of Creditors, Its Options Dwindle
With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult. Original Article: As the US Treasury Runs Out of Creditors, Its Options Dwindle
Dec 14, 2023 • 0:00
Should We Embrace the Stateless Roman Political Thought?
The concept of the state has more to do with the worldview of ancient Greek philosophers than with the Roman Empire. We could learn a few things about statelessness from the Romans. Original Article: Should We Embrace the Stateless Roman Political Thought?
Dec 13, 2023 • 0:00
Remembering the Great Henry Hazlitt on His Birthday
Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death. Original Article: Remembering the Great Henry Hazlitt on His Birthday
Dec 13, 2023 • 0:00
Inflationary Expectations Do Not Cause Inflation
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply. Original Article: Inflationary Expectations Do Not Cause Inflation
Dec 12, 2023 • 0:00
As the US Treasury Runs Out of Creditors, Its Options Dwindle
With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult. Original Article: As the US Treasury Runs Out of Creditors, Its Options Dwindle
Dec 12, 2023 • 0:00
Should We Embrace the Stateless Roman Political Thought?
The concept of the state has more to do with the worldview of ancient Greek philosophers than with the Roman Empire. We could learn a few things about statelessness from the Romans. Original Article: Should We Embrace the Stateless Roman Political Thought?
Dec 12, 2023 • 0:00
Remembering the Great Henry Hazlitt on His Birthday
Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death. Original Article: Remembering the Great Henry Hazlitt on His Birthday
Dec 12, 2023 • 0:00
Overcoming Chinese Communist GDP Myths
While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures. Original Article: Overcoming Chinese Communist GDP Myths
Dec 12, 2023 • 0:00
Bourne Again
David Gordon reviews Only a Voice, by George Scialabba, dealing with the author's comments on antiwar progressives Randolph Bourne and Dwight Macdonald. Original Article: Bourne Again
Dec 12, 2023 • 0:00
Napoleon: Europe's First Egalitarian Despot
For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power. Original Article: Napoleon: Europe's First Egalitarian Despot
Dec 11, 2023 • 0:00
Today Is the Best Day of the Year to Rob a Bank
Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies. Original Article: Today Is the Best Day of the Year to Rob a Bank
Dec 11, 2023 • 0:00
Overcoming Chinese Communist GDP Myths
While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures. Original Article: Overcoming Chinese Communist GDP Myths
Dec 10, 2023 • 0:00
Bourne Again
David Gordon reviews Only a Voice, by George Scialabba, dealing with the author's comments on antiwar progressives Randolph Bourne and Dwight Macdonald. Original Article: Bourne Again
Dec 10, 2023 • 0:00
Napoleon: Europe's First Egalitarian Despot
For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power. Original Article: Napoleon: Europe's First Egalitarian Despot
Dec 10, 2023 • 0:00
Today Is the Best Day of the Year to Rob a Bank
Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies. Original Article: Today Is the Best Day of the Year to Rob a Bank
Dec 10, 2023 • 0:00
The United States Needs Its Own Javier Milei
While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening. Original Article: The United States Needs Its Own Javier Milei
Dec 10, 2023 • 0:00
What Would Happen If the US Stopped Supporting Ukraine?
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace. Original Article: What Would Happen If the US Stopped Supporting Ukraine?
Dec 9, 2023 • 0:00
Are Businesses Entitled to a Fair Profit?
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.” Original Article: Are Businesses Entitled to a Fair Profit?
Dec 9, 2023 • 0:00
Can Government Regulate Artificial Super Intelligence?
The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake. Original Article: Can Government Regulate Artificial Super Intelligence?
Dec 8, 2023 • 0:00
Millions and Billions and Trillions—Oh My!
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government. Original Article: Millions and Billions and Trillions—Oh My!
Dec 8, 2023 • 0:00
The United States Needs Its Own Javier Milei
While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening. Original Article: The United States Needs Its Own Javier Milei
Dec 7, 2023 • 0:00
What Would Happen If the US Stopped Supporting Ukraine?
The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace. Original Article: What Would Happen If the US Stopped Supporting Ukraine?
Dec 7, 2023 • 0:00
Are Businesses Entitled to a Fair Profit?
One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.” Original Article: Are Businesses Entitled to a Fair Profit?
Dec 7, 2023 • 0:00
Can Government Regulate Artificial Super Intelligence?
The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake. Original Article: Can Government Regulate Artificial Super Intelligence?
Dec 7, 2023 • 0:00
Millions and Billions and Trillions—Oh My!
In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government. Original Article: Millions and Billions and Trillions—Oh My!
Dec 7, 2023 • 0:00
Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
Dec 7, 2023 • 0:00
Libertarianism and the Importance of Understanding Causality
A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality. Original Article: Libertarianism and the Importance of Understanding Causality
Dec 7, 2023 • 0:00
Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists
Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever. Original Article: Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists
Dec 6, 2023 • 0:00
America the Obese: How Taxpayers Are Forced to Ruin Their Health
Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity. Original Article: America the Obese: How Taxpayers Are Forced to Ruin Their Health
Dec 6, 2023 • 0:00
Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
Dec 6, 2023 • 0:00
Libertarianism and the Importance of Understanding Causality
A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality. Original Article: Libertarianism and the Importance of Understanding Causality
Dec 6, 2023 • 0:00
Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists
Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever. Original Article: Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists
Dec 6, 2023 • 0:00
America the Obese: How Taxpayers Are Forced to Ruin Their Health
Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity. Original Article: America the Obese: How Taxpayers Are Forced to Ruin Their Health
Dec 6, 2023 • 0:00
Progressive Interventionism Is Ruining American Healthcare
Sen. Elizabeth Warren is at it again: demanding government intervention in the nation's healthcare system to deal with problems caused by earlier government intervention. Original Article: Progressive Interventionism Is Ruining American Healthcare
Dec 5, 2023 • 0:00
The Legacy of Legacy Admissions Is Not What the Critics Claim
Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them. Original Article: The Legacy of Legacy Admissions Is Not What the Critics Claim
Dec 5, 2023 • 0:00
Cryptocurrency: Integrity Destroyer or Policy Scapegoat?
Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source. Original Article: Cryptocurrency: Integrity Destroyer or Policy Scapegoat?
Dec 4, 2023 • 0:00
The Taxman Cometh
Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains. Original Article: The Taxman Cometh
Dec 4, 2023 • 0:00
Progressive Interventionism Is Ruining American Healthcare
Sen. Elizabeth Warren is at it again: demanding government intervention in the nation's healthcare system to deal with problems caused by earlier government intervention. Original Article: Progressive Interventionism Is Ruining American Healthcare
Dec 3, 2023 • 0:00
The Legacy of Legacy Admissions Is Not What the Critics Claim
Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them. Original Article: The Legacy of Legacy Admissions Is Not What the Critics Claim
Dec 3, 2023 • 0:00
Cryptocurrency: Integrity Destroyer or Policy Scapegoat?
Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source. Original Article: Cryptocurrency: Integrity Destroyer or Policy Scapegoat?
Dec 3, 2023 • 0:00
The Taxman Cometh
Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains. Original Article: The Taxman Cometh
Dec 3, 2023 • 0:00
The TSA Is Still Crazy after All These Years
In the past two decades, the TSA has proven it is ineffective in providing real security for airline passengers. However, its growing incompetence is matched only by its increasing intrusion into travelers' lives. Original Article: The TSA Is Still Crazy after All These Years
Dec 3, 2023 • 0:00
The Worse-than-Medieval Economics of Climate Technocrats
Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics. Original Article: The Worse-than-Medieval Economics of Climate Technocrats
Dec 2, 2023 • 0:00
The More Complex the Society, The Less Government Control We Need
Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less. Original Article: The More Complex the Society, The Less Government Control We Need
Dec 2, 2023 • 0:00
Is ExxonMobil's Acquisition of Pioneer Natural Resources a "Threat to Democracy"?
According to a Brown University professor, ExxonMobil threatens our democratic republic by purchasing another company. The totalitarian woke atmosphere in American higher education is the real threat. Original Article: Is ExxonMobil's Acquisition of Pioneer Natural Resources a "Threat to Democracy"?
Dec 1, 2023 • 0:00
The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction
While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows. Original Article: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction
Dec 1, 2023 • 0:00
The TSA Is Still Crazy after All These Years
In the past two decades, the TSA has proven it is ineffective in providing real security for airline passengers. However, its growing incompetence is matched only by its increasing intrusion into travelers' lives. Original Article: The TSA Is Still Crazy after All These Years
Dec 1, 2023 • 0:00
The Worse-than-Medieval Economics of Climate Technocrats
Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics. Original Article: The Worse-than-Medieval Economics of Climate Technocrats
Dec 1, 2023 • 0:00
The More Complex the Society, The Less Government Control We Need
Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less. Original Article: The More Complex the Society, The Less Government Control We Need
Dec 1, 2023 • 0:00
Is ExxonMobil's Acquisition of Pioneer Natural Resources a "Threat to Democracy"?
According to a Brown University professor, ExxonMobil threatens our democratic republic by purchasing another company. The totalitarian woke atmosphere in American higher education is the real threat. Original Article: Is ExxonMobil's Acquisition of Pioneer Natural Resources a "Threat to Democracy"?
Dec 1, 2023 • 0:00
The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction
While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows. Original Article: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction
Dec 1, 2023 • 0:00
Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently
Ten years ago, I discovered the Mises Institute. This is the advice I wish I could send back to my younger self. Original Article: Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently
Nov 30, 2023 • 0:00
From the Invisible Hand to the Invisible Sleight-of-Hand
Advocates of unbacked paper money claim that theirs is the “civilized” choice, as opposed to gold, or what Keynes called “that barbarous relic.” These inflationists, however, are the ones wrecking civilization as we have known it. Original Article: From the Invisible Hand to the Invisible Sleight-of-Hand
Nov 30, 2023 • 0:00
Time Preference Is the Key Driver of Interest Rates
Forget the other mainstream explanations for interest. Time preference explains this phenomenon and gives a true picture of why interest exists in the first place. Original Article: Time Preference Is the Key Driver of Interest Rates
Nov 29, 2023 • 0:00
Statist Ideology and War: Israel versus Hamas
As this author previously has noted, the ideology of statism is responsible for much of the violence that plagues the world. We see this played out in Israel's aggressive retaliatory attacks in Gaza in response to the October 7 killings by Hamas. Original Article: Statist Ideology and War: Israel versus Hamas
Nov 29, 2023 • 0:00
Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently
Ten years ago, I discovered the Mises Institute. This is the advice I wish I could send back to my younger self. Original Article: Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently
Nov 28, 2023 • 0:00
From the Invisible Hand to the Invisible Sleight-of-Hand
Advocates of unbacked paper money claim that theirs is the “civilized” choice, as opposed to gold, or what Keynes called “that barbarous relic.” These inflationists, however, are the ones wrecking civilization as we have known it. Original Article: From the Invisible Hand to the Invisible Sleight-of-Hand
Nov 28, 2023 • 0:00
Time Preference Is the Key Driver of Interest Rates
Forget the other mainstream explanations for interest. Time preference explains this phenomenon and gives a true picture of why interest exists in the first place. Original Article: Time Preference Is the Key Driver of Interest Rates
Nov 28, 2023 • 0:00
Statist Ideology and War: Israel versus Hamas
As this author previously has noted, the ideology of statism is responsible for much of the violence that plagues the world. We see this played out in Israel's aggressive retaliatory attacks in Gaza in response to the October 7 killings by Hamas. Original Article: Statist Ideology and War: Israel versus Hamas
Nov 28, 2023 • 0:00
There's No Easy Way Out of This Debt Spiral
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. Original Article: There's No Easy Way Out of This Debt Spiral
Nov 28, 2023 • 0:00
October's Sobering Jobs Report Adds to Mounting Bad Economic News
Data on employed persons, wages, and other measures point to trouble ahead in an economy already strained by growing bankruptcies, mounting debts, and disappearing savings. Original Article: October's Sobering Jobs Report Adds to Mounting Bad Economic News
Nov 28, 2023 • 0:00
There's No Easy Way Out of This Debt Spiral
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. Original Article: There's No Easy Way Out of This Debt Spiral
Nov 27, 2023 • 0:00
October's Sobering Jobs Report Adds to Mounting Bad Economic News
Data on employed persons, wages, and other measures point to trouble ahead in an economy already strained by growing bankruptcies, mounting debts, and disappearing savings. Original Article: October's Sobering Jobs Report Adds to Mounting Bad Economic News
Nov 27, 2023 • 0:00
The "Climate Emergency": Fueled by Twenty-First-Century Marxism
The eternal “climate emergency” is upon us. While doomsday is said to be around the corner, the reality is that the only thing rising is the level of government control. Original Article: The "Climate Emergency": Fueled by 21st Century Marxism
Nov 27, 2023 • 0:00
The "Climate Emergency": Fueled by 21st Century Marxism
The eternal “climate emergency” is upon us. While doomsday is said to be around the corner, the reality is that the only thing rising is the level of government control. Original Article: The "Climate Emergency": Fueled by 21st Century Marxism
Nov 27, 2023 • 0:00
The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. Original Article: The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
Nov 27, 2023 • 0:00
The "Climate Emergency": Fueled by Twenty-First-Century Marxism
The eternal “climate emergency” is upon us. While doomsday is said to be around the corner, the reality is that the only thing rising is the level of government control. Original Article: The "Climate Emergency": Fueled by 21st Century Marxism
Nov 27, 2023 • 0:00
The Federal Reserve Is Running Losses. Does This Cost Anyone Anything?
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. Original Article: The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
Nov 27, 2023 • 0:00
Israel Isn’t the Brilliant Friend of Freedom the Beltway Claims It to Be
While Israel receives praise for being a "democracy" in the undemocratic Middle East, its surveillance policies mirror those of China, which is decidedly not democratic. Original Article: Israel Isn’t the Brilliant Friend of Freedom the Beltway Claims It to Be
Nov 26, 2023 • 0:00
<em>Killers of the Flower Moon</em> Is about Government Failure
The newly-released movie "Killers of the Flower Moon" depicts what happens when politically-connected people can use the state to carry out nefarious deeds. Unfortunately, government failure is one lesson that is sure to be lost here. Original Article: Killers of the Flower Moon Is about Government Failure
Nov 25, 2023 • 0:00
Is Migration a Tool of the Consumptive Class?
An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do. Original Article: Is Migration a Tool of the Consumptive Class?
Nov 25, 2023 • 0:00
Israel Isn't the Brilliant Friend of Freedom the Beltway Claims It to Be
While Israel receives praise for being a “democracy” in the undemocratic Middle East, its surveillance policies mirror those of China, which is decidedly not democratic. Original Article: Israel Isn’t the Brilliant Friend of Freedom the Beltway Claims It to Be
Nov 24, 2023 • 0:00
Killers of the Flower Moon Is about Government Failure
The newly released movie "Killers of the Flower Moon" depicts what happens when politically connected people can use the state to carry out nefarious deeds. Unfortunately, government failure is one lesson that is sure to be lost here. Original Article: Killers of the Flower Moon Is about Government Failure
Nov 24, 2023 • 0:00
Is Migration a Tool of the Consumptive Class?
An unfortunate consequence of increased wealth is the growth of the parasitic consumptive class of political and cultural elites. Labor migrations often follow in the wake of damage that elites do. Original Article: Is Migration a Tool of the Consumptive Class?
Nov 24, 2023 • 0:00
The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was. Original Article: The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
Nov 23, 2023 • 0:00
Contra CATO: COVID-19 Vaccinations Are Not a Free Market Victory
A Cato Institute associate has declared the development of the covid-19 vaccines to be a free-market “triumph.” The only thing that has triumphed in this sorry episode has been the rapid growth of coercive government power. Original Article: Contra CATO: COVID-19 Vaccinations Are Not a Free Market Victory
Nov 23, 2023 • 0:00
Hostage Extraction Needs to be Privatized
In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards. Original Article: Hostage Extraction Needs to be Privatized
Nov 22, 2023 • 0:00
Liberty: Stifled by the Stockholm Syndrome
Governments regularly suppress freedom—yet few complain. One wonders if Stockholm syndrome is at work. Original Article: Liberty: Stifled by the Stockholm Syndrome
Nov 22, 2023 • 0:00
The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was. Original Article: The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
Nov 21, 2023 • 0:00
Contra CATO: COVID-19 Vaccinations Are Not a Free Market Victory
A Cato Institute associate has declared the development of the covid-19 vaccines to be a free-market “triumph.” The only thing that has triumphed in this sorry episode has been the rapid growth of coercive government power. Original Article: Contra CATO: COVID-19 Vaccinations Are Not a Free Market Victory
Nov 21, 2023 • 0:00
Hostage Extraction Needs to be Privatized
In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards. Original Article: Hostage Extraction Needs to be Privatized
Nov 21, 2023 • 0:00
Liberty: Stifled by the Stockholm Syndrome
Governments regularly suppress freedom—yet few complain. One wonders if Stockholm syndrome is at work. Original Article: Liberty: Stifled by the Stockholm Syndrome
Nov 21, 2023 • 0:00
You're Paying for the Israel War. You'll Also Pay for the Refugees.
Resettling Gazans in America—at taxpayer expense—will be sold as a "humanitarian" effort, but anyone who sees through the propaganda will see that it's really all a cynical effort to please Israeli politicians. Original Article: You're Paying for the Israel War. You'll Also Pay for the Refugees.
Nov 21, 2023 • 0:00
Blaming the Free Market (Even Where It Doesn't Exist)
Nobel Prize winner Angus Deaton claims that the free market cannot provide adequate medical care. Of course, he goes on to describe government failure but calls it a free market. Original Article: Blaming the Free Market (Even Where It Doesn't Exist)
Nov 21, 2023 • 0:00
American History Is a Preview of the Israel-Palestine End Game
How the Israel-Gaza war ends is easy to imagine because it's following a path that has been trod many times before. We've seen it many times during conflicts between settler populations and indigenous populations worldwide Original Article: American History Is a Preview of the Israel-Palestine End Game
Nov 20, 2023 • 0:00
Affective Polarization Is Making Us Dumber
Original Article: Affective Polarization Is Making Us Dumber
Nov 20, 2023 • 0:00
You're Paying for the Israel War. You'll Also Pay for the Refugees.
Resettling Gazans in America—at taxpayer expense—will be sold as a "humanitarian" effort, but anyone who sees through the propaganda will see that it's really all a cynical effort to please Israeli politicians. Original Article: You're Paying for the Israel War. You'll Also Pay for the Refugees.
Nov 19, 2023 • 0:00
Blaming the Free Market (Even Where It Doesn't Exist)
Nobel Prize winner Angus Deaton claims that the free market cannot provide adequate medical care. Of course, he goes on to describe government failure but calls it a free market. Original Article: Blaming the Free Market (Even Where It Doesn't Exist)
Nov 19, 2023 • 0:00
American History Is a Preview of the Israel-Palestine End Game
How the Israel-Gaza war ends is easy to imagine because it's following a path that has been trod many times before. We've seen it many times during conflicts between settler populations and indigenous populations worldwide Original Article: American History Is a Preview of the Israel-Palestine End Game
Nov 19, 2023 • 0:00
Affective Polarization Is Making Us Dumber
One way to combat intellectual atrophy is to learn from Ibram Kendi’s mistakes and do the opposite. Original Article: Affective Polarization Is Making Us Dumber
Nov 19, 2023 • 0:00
Coauthor of War College Journal Article Tries to Backtrack on Call for "Partial Conscription"
After an earlier article by Zachary Yost on a call by military “experts” to reinstate the military draft, the authors of the original paper are trying to back off on their original recommendation. But there is no doubt as to what they want the government to do. Original Article: Coauthor of War College Journal Article Tries to Backtrack on Call for "Partial Conscription"
Nov 19, 2023 • 0:00
Statism Is the Cause of the Israel-Hamas War
This latest Middle East conflict is ultimately little more than gang warfare. We oppose it as a matter of principle. Original Article: Statism Is the Cause of the Israel-Hamas War
Nov 18, 2023 • 0:00
China’s Inefficient and Unsustainable Central Planning
China's so-called economic miracle is running into the ground as the reality of central planning becomes increasingly obvious and an economic reckoning looms. Original Article: China’s Inefficient and Unsustainable Central Planning
Nov 17, 2023 • 0:00
How German Exports Lost the Race with China
The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention. Original Article: How German Exports Lost the Race with China
Nov 17, 2023 • 0:00
Coauthor of War College Journal Article Tries to Backtrack on Call for "Partial Conscription"
After an earlier article by Zachary Yost on a call by military “experts” to reinstate the military draft, the authors of the original paper are trying to back off on their original recommendation. But there is no doubt as to what they want the government to do. Original Article: Coauthor of War College Journal Article Tries to Backtrack on Call for "Partial Conscription"
Nov 16, 2023 • 0:00
Statism Is the Cause of the Israel-Hamas War
This latest Middle East conflict is ultimately little more than gang warfare. We oppose it as a matter of principle. Original Article: Statism Is the Cause of the Israel-Hamas War
Nov 16, 2023 • 0:00
China's Inefficient and Unsustainable Central Planning
China's so-called economic miracle is running into the ground as the reality of central planning becomes increasingly obvious and an economic reckoning looms. Original Article: China’s Inefficient and Unsustainable Central Planning
Nov 16, 2023 • 0:00
How German Exports Lost the Race with China
The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention. Original Article: How German Exports Lost the Race with China
Nov 16, 2023 • 0:00
The Specter of Hyperinflation Looms over the Economy
While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future. Original Article: The Specter of Hyperinflation Looms over the Economy
Nov 16, 2023 • 0:00
Turkey Is Sustaining Major Inflation. Something Has to Give
Inflation in Turkey today is officially running close to 70 percent, but the Turkish economy seems to be booming. Inflationary booms, however, cannot be sustained. Original Article: Turkey Is Sustaining Major Inflation. Something Has to Give
Nov 16, 2023 • 0:00
Canadian Digital Protectionism Gravely Threatens Free Speech
Under the guise of "modernizing" communications, the Canadian government is vastly expanding its power to regulate social media and threaten free speech. Original Article: Canadian Digital Protectionism Gravely Threatens Free Speech
Nov 15, 2023 • 0:00
Kendi's Critical Race Theory Is a Failed Marxist Doctrine
While Ibrahim Kendi's infamous antiracism center at Boston University implodes, the doctrines espoused by the center continue to present false social narratives. Original Article: Kendi's Critical Race Theory Is a Failed Marxist Doctrine
Nov 15, 2023 • 0:00
The Specter of Hyperinflation Looms over the Economy
While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future. Original Article: The Specter of Hyperinflation Looms over the Economy
Nov 15, 2023 • 0:00
Turkey Is Sustaining Major Inflation. Something Has to Give
Inflation in Turkey today is officially running close to 70 percent, but the Turkish economy seems to be booming. Inflationary booms, however, cannot be sustained. Original Article: Turkey Is Sustaining Major Inflation. Something Has to Give
Nov 15, 2023 • 0:00
Canadian Digital Protectionism Gravely Threatens Free Speech
Under the guise of "modernizing" communications, the Canadian government is vastly expanding its power to regulate social media and threaten free speech. Original Article: Canadian Digital Protectionism Gravely Threatens Free Speech
Nov 15, 2023 • 0:00
Kendi's Critical Race Theory Is a Failed Marxist Doctrine
While Ibrahim Kendi's infamous antiracism center at Boston University implodes, the doctrines espoused by the center continue to present false social narratives. Original Article: Kendi's Critical Race Theory Is a Failed Marxist Doctrine
Nov 15, 2023 • 0:00
Pushing the False Narrative of U.S. Isolationism
Americans have been fed the myth that US foreign policy from 1919 to 1941 was isolationist. In reality, US policies destabilized already volatile international relations. Original Article: Pushing the False Narrative of U.S. Isolationism
Nov 14, 2023 • 0:00
Mises on the History of Warfare
As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects. Original Article: Mises on the History of Warfare
Nov 14, 2023 • 0:00
Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid. Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
Nov 13, 2023 • 0:00
Federal Flood Insurance Drains Taxpayers
Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars. Original Article: Federal Flood Insurance Drains Taxpayers
Nov 13, 2023 • 0:00
Reason versus Emotion in Economics: A Praxeological Response
The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error. Original Article: Reason versus Emotion in Economics: A Praxeological Response
Nov 12, 2023 • 0:00
Pushing the False Narrative of U.S. Isolationism
Americans have been fed the myth that US foreign policy from 1919 to 1941 was isolationist. In reality, US policies destabilized already volatile international relations. Original Article: Pushing the False Narrative of U.S. Isolationism
Nov 11, 2023 • 0:00
Mises on the History of Warfare
As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects. Original Article: Mises on the History of Warfare
Nov 11, 2023 • 0:00
Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid. Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
Nov 11, 2023 • 0:00
Federal Flood Insurance Drains Taxpayers
Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars. Original Article: Federal Flood Insurance Drains Taxpayers
Nov 11, 2023 • 0:00
No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors
The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender. Original Article: No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors
Nov 11, 2023 • 0:00
Cut through the Media Noise, and Remember the Economic Priorities
Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money. Original Article: Cut through the Media Noise, and Remember the Economic Priorities
Nov 11, 2023 • 0:00
The Dollar See-Saws between Two Views on Fiscal Explosion
As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long. Original Article: The Dollar See-Saws between Two Views on Fiscal Explosion
Nov 10, 2023 • 0:00
The Dangers of a "Cashless" Economy
While the ruling elites and the Federal Reserve try to sell digital money as “modern” and “convenient,” it poses threats to financial privacy and civil liberties. Original Article: "The Dangers of a ""Cashless"" Economy
Nov 10, 2023 • 0:00
Reason versus Emotion in Economics: A Praxeological Response
The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error. Original Article: Reason versus Emotion in Economics: A Praxeological Response
Nov 10, 2023 • 0:00
No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors
The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender. Original Article: No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors
Nov 10, 2023 • 0:00
Cut through the Media Noise, and Remember the Economic Priorities
Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money. Original Article: Cut through the Media Noise, and Remember the Economic Priorities
Nov 10, 2023 • 0:00
The Dollar See-Saws between Two Views on Fiscal Explosion
As the Biden administration ramps up new government spending—and budget deficits—to unheard-of peacetime levels, reality sets in. No economy and no currency can withstand this explosive assault for very long. Original Article: The Dollar See-Saws between Two Views on Fiscal Explosion
Nov 10, 2023 • 0:00
The Dangers of a "Cashless" Economy
While the ruling elites and the Federal Reserve try to sell digital money as “modern” and “convenient,” it poses threats to financial privacy and civil liberties. Original Article: "The Dangers of a ""Cashless"" Economy
Nov 10, 2023 • 0:00
If the Fed Goes, The State Will Soon Follow
The leviathan US state would not be possible without the Fed underwriting its growth. But the Fed is not all-powerful, nor can it continue to exist by only creating chaos. Original Article: If the Fed Goes, The State Will Soon Follow
Nov 9, 2023 • 0:00
The Fate or Wealth of Nations: AI, Robotics and Automation
The AI and robotics revolution continues. As entrepreneurs find new ways to use these things profitably, the overall wealth of nations increases. Original Article: The Fate or Wealth of Nations: AI, Robotics and Automation
Nov 9, 2023 • 0:00
Can the American Government Wage a Just War?
Murray Rothbard asked this question and concluded that the current American regime, if the wisdom of Aquinas’ words is taken seriously, cannot wage a just war. Original Article: Can the American Government Wage a Just War?
Nov 8, 2023 • 0:00
Is a Welfare State Consistent with Libertarianism?
David Gordon reviews Dan Moller's book Governing Least: A New England Libertarianism, in which the author examines the issue of a welfare state in a libertarian society. Original Article: Is a Welfare State Consistent with Libertarianism?
Nov 8, 2023 • 0:00
If the Fed Goes, The State Will Soon Follow
The leviathan US state would not be possible without the Fed underwriting its growth. But the Fed is not all-powerful, nor can it continue to exist by only creating chaos. Original Article: If the Fed Goes, The State Will Soon Follow
Nov 8, 2023 • 0:00
The Fate or Wealth of Nations: AI, Robotics and Automation
The AI and robotics revolution continues. As entrepreneurs find new ways to use these things profitably, the overall wealth of nations increases. Original Article: The Fate or Wealth of Nations: AI, Robotics and Automation
Nov 8, 2023 • 0:00
Can the American Government Wage a Just War?
Murray Rothbard asked this question and concluded that the current American regime, if the wisdom of Aquinas’ words is taken seriously, cannot wage a just war. Original Article: Can the American Government Wage a Just War?
Nov 8, 2023 • 0:00
Is a Welfare State Consistent with Libertarianism?
David Gordon reviews Dan Moller's book Governing Least: A New England Libertarianism, in which the author examines the issue of a welfare state in a libertarian society. Original Article: Is a Welfare State Consistent with Libertarianism?
Nov 8, 2023 • 0:00
What is Software Quality? An Austrian Approach
Even something that seems as objective as software development falls under the Austrian view of subjective utility. Original Article: What is Software Quality? An Austrian Approach
Nov 7, 2023 • 0:00
Fighting the Surveillance State Begins with the Individual
Fed up with the state's surveillance regime? There are ways to use available technology to frustrate government efforts to spy on you. Original Article: The Parasitic Rich Men North of Richmond
Nov 7, 2023 • 0:00
The Parasitic Rich Men North of Richmond
Oliver Anthony's popular song, "Rich Men North of Richmond," describes the parasitic world of the Beltway. One hopes people understand the damage the political classes have done. Original Article: The Parasitic Rich Men North of Richmond
Nov 6, 2023 • 0:00
Rothbard, Milei and the New Right in Argentina
Instead of the usual statist candidates, Argentine voters have to opportunity to elect a Rothbardian who is calling for radical free-market changes in the nation's economy. Original Article: Rothbard, Milei and the New Right in Argentina
Nov 6, 2023 • 0:00
What is Software Quality? An Austrian Approach
Even something that seems as objective as software development falls under the Austrian view of subjective utility. Original Article: What is Software Quality? An Austrian Approach
Nov 5, 2023 • 0:00
Fighting the Surveillance State Begins with the Individual
Fed up with the state's surveillance regime? There are ways to use available technology to frustrate government efforts to spy on you. Original Article: Fighting the Surveillance State Begins with the Individual
Nov 5, 2023 • 0:00
The Parasitic Rich Men North of Richmond
Oliver Anthony's popular song, "Rich Men North of Richmond," describes the parasitic world of the Beltway. One hopes people understand the damage the political classes have done. Original Article: The Parasitic Rich Men North of Richmond
Nov 5, 2023 • 0:00
Rothbard, Milei and the New Right in Argentina
Instead of the usual statist candidates, Argentine voters have to opportunity to elect a Rothbardian who is calling for radical free-market changes in the nation's economy. Original Article: Rothbard, Milei and the New Right in Argentina
Nov 5, 2023 • 0:00
Can Electricity Providers Promise 100 Percent Green Energy? Probably Not.
Residential electricity sources are becoming yet another form of “virtue signaling.” Original Article: Can Electricity Providers Promise 100 Percent Green Energy? Probably Not.
Nov 5, 2023 • 0:00
Destroying Liberty Through State Protection: The First Amendment
Leave it to government judges and politicians to turn constitutional protections of free speech into new ways to centralize and grow state power. Original Article: Destroying Liberty Through State Protection: The First Amendment
Nov 4, 2023 • 0:00
Thinking outside the State
Modern minds are so oriented toward state power that people often fail to understand there is a better way. Instead of “thinking outside the box,” we should think outside the state. Original Article: Thinking outside the State
Nov 4, 2023 • 0:00
Making Money While Making Sense of Chaos: Understanding the World of the Traders
Robert Murphy explains how traders make money in a world of uncertainty and diabolical risk. Original Article: Making Money While Making Sense of Chaos: Understanding the World of the Traders
Nov 3, 2023 • 0:00
Don't Fall for Biden's Latest Talking Point
President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy. Original Article: Don't Fall for Biden's Latest Talking Point
Nov 3, 2023 • 0:00
Back to the Future Morphs into Dystopia
Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New York or Death Wish. Original Article: Back to the Future Morphs into Dystopia
Nov 2, 2023 • 0:00
Can Electricity Providers Promise 100 Percent Green Energy? Probably Not.
Residential electricity sources are becoming yet another form of “virtue signaling.” Original Article: Can Electricity Providers Promise 100 Percent Green Energy? Probably Not.
Nov 2, 2023 • 0:00
Destroying Liberty Through State Protection: The First Amendment
Leave it to government judges and politicians to turn constitutional protections of free speech into new ways to centralize and grow state power. Original Article: Destroying Liberty Through State Protection: The First Amendment
Nov 2, 2023 • 0:00
Thinking outside the State
Modern minds are so oriented toward state power that people often fail to understand there is a better way. Instead of “thinking outside the box,” we should think outside the state. Original Article: Thinking outside the State
Nov 2, 2023 • 0:00
Making Money While Making Sense of Chaos: Understanding the World of the Traders
Robert Murphy explains how traders make money in a world of uncertainty and diabolical risk. Original Article: Making Money While Making Sense of Chaos: Understanding the World of the Traders
Nov 2, 2023 • 0:00
Don't Fall for Biden's Latest Talking Point
President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy. Original Article: Don't Fall for Biden's Latest Talking Point
Nov 2, 2023 • 0:00
The Spirit of the Establishment Will Thrive under a "Populist Opposition" Government
Is a true populist US government on the horizon? Probably not. Original Article: The Spirit of the Establishment Will Thrive under a "Populist Opposition" Government
Nov 2, 2023 • 0:00
The Objective Science of Subjective Value
While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals. Original Article: The Objective Science of Subjective Value
Nov 1, 2023 • 0:00
Thanks to the Combination of the Fed and IP, Snow White 2024 Is a Terrible Movie
Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story. Original Article: Thanks to the Combination of the Fed and IP, Snow White 2024 Is a Terrible Movie
Nov 1, 2023 • 0:00
A Rothbardian Critique of Effective Altruism
"Effective altruism" has become a buzzword with modern progressives who seek to combine state power and billionaire-funded nonprofits to redirect resources. Original Article: A Rothbardian Critique of Effective Altruism
Oct 31, 2023 • 0:00
Back to the Future Morphs into Dystopia
Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New York or Death Wish. Original Article: Back to the Future Morphs into Dystopia
Oct 31, 2023 • 0:00
The Spirit of the Establishment Will Thrive under a "Populist Opposition" Government
Is a true populist US government on the horizon? Probably not. Original Article: The Spirit of the Establishment Will Thrive under a "Populist Opposition" Government
Oct 31, 2023 • 0:00
The Objective Science of Subjective Value
While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals. Original Article: The Objective Science of Subjective Value
Oct 31, 2023 • 0:00
Thanks to the Combination of the Fed and IP, Snow White 2024 Is a Terrible Movie
Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story. Original Article: Thanks to the Combination of the Fed and IP, Snow White 2024 Is a Terrible Movie
Oct 31, 2023 • 0:00
The Inherent Evils of Centrism
Most people will claim to be political and social “moderates” yet actually accept extreme socialist viewpoints. Original Article: The Inherent Evils of Centrism
Oct 31, 2023 • 0:00
Government-Enforced Paid Family Leave Is Not Pro-Family
Christianity Today magazine enthusiastically endorses government-enforced family leave, calling it “pro-family.” Government coercion, however, is still violence, not something to be championed. Original Article: Government-Enforced Paid Family Leave Is Not Pro-Family
Oct 30, 2023 • 0:00
Rothbard on Suits for Defamation
David Gordon explains Murray Rothbard's famous assertion that laws against libel and slander should not be on the books. Original Article: Rothbard on Suits for Defamation
Oct 30, 2023 • 0:00
A Rothbardian Critique of Effective Altruism
"Effective altruism" has become a buzzword with modern progressives who seek to combine state power and billionaire-funded nonprofits to redirect resources. Original Article: A Rothbardian Critique of Effective Altruism
Oct 29, 2023 • 0:00
The Inherent Evils of Centrism
Most people will claim to be political and social “moderates” yet actually accept extreme socialist viewpoints. Original Article: The Inherent Evils of Centrism
Oct 29, 2023 • 0:00
Government-Enforced Paid Family Leave Is Not Pro-Family
Christianity Today magazine enthusiastically endorses government-enforced family leave, calling it “pro-family.” Government coercion, however, is still violence, not something to be championed. Original Article: Government-Enforced Paid Family Leave Is Not Pro-Family
Oct 29, 2023 • 0:00
Rothbard on Suits for Defamation
David Gordon explains Murray Rothbard's famous assertion that laws against libel and slander should not be on the books. Original Article: Rothbard on Suits for Defamation
Oct 29, 2023 • 0:00
Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions
Even when Congress tries to restrict government agencies from illegally gathering information on people, the agencies simply exploit legal loopholes or just break the law—without consequences. Original Article: Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions
Oct 29, 2023 • 0:00
How the Fed Undermines Prosperity
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves. Original Article: How the Fed Undermines Prosperity
Oct 28, 2023 • 0:00
Why Must Supply Precede Demand? Understanding Economic Foundations
Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied. Original Article: Why Must Supply Precede Demand? Understanding Economic Foundations
Oct 28, 2023 • 0:00
The Regime Plans More for Us Than Just Hillary Clinton’s "Deprogramming" Demands
While Hillary Clinton’s call to have Trump supporters “deprogrammed” has been met with snickers, her attitude is in line with most of this country’s governing elites. Original Article: The Regime Plans More for Us Than Just Hillary Clinton’s "Deprogramming" Demands
Oct 27, 2023 • 0:00
Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
The US government doesn't just blow money in the US. Indeed, the reach of its wasteful spending spans the globe, and Congress seems incapable of stopping it. Original Article: Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
Oct 27, 2023 • 0:00
Police Mergers Are Not the Answer, but Privatization Is
Some small municipalities in Pennsylvania have disbanded their police departments, so others want to tax them for “depending” on state police. There is an even better course of action: allow private policing. Original Article: Police Mergers Are Not the Answer, but Privatization Is
Oct 26, 2023 • 0:00
Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions
Even when Congress tries to restrict government agencies from illegally gathering information on people, the agencies simply exploit legal loopholes or just break the law—without consequences. Original Article: Government Agencies Exploit Data Brokers as End-Around to Legal Restrictions
Oct 26, 2023 • 0:00
How the Fed Undermines Prosperity
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves. Original Article: How the Fed Undermines Prosperity
Oct 26, 2023 • 0:00
Why Must Supply Precede Demand? Understanding Economic Foundations
Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied. Original Article: Why Must Supply Precede Demand? Understanding Economic Foundations
Oct 26, 2023 • 0:00
The Regime Plans More for Us Than Just Hillary Clinton’s "Deprogramming" Demands
While Hillary Clinton’s call to have Trump supporters “deprogrammed” has been met with snickers, her attitude is in line with most of this country’s governing elites. Original Article: The Regime Plans More for Us Than Just Hillary Clinton’s "Deprogramming" Demands
Oct 26, 2023 • 0:00
Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
The US government doesn't just blow money in the US. Indeed, the reach of its wasteful spending spans the globe, and Congress seems incapable of stopping it. Original Article: Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing
Oct 26, 2023 • 0:00
Government Is the Hidden Hand Directing the Culture Wars
American culture wars are not the product of religious fundamentalists or even activist groups. They exist because of state interference in the private lives of individuals. Original Article: Government Is the Hidden Hand Directing the Culture Wars
Oct 26, 2023 • 0:00
How Inflationary Money Causes the Affordability Crisis
The affordability crisis is upon us. Housing, food, you name it, life is becoming expensive. The government blames business, but perhaps government officials should look in the mirror. Original Article: How Inflationary Money Causes the Affordability Crisis
Oct 25, 2023 • 0:00
No, We Cannot Afford to Fund Yet Another War
US government officials from President Biden to Secretary Yellen think the US can fund endless wars, but the American people are suffering in reality. Original Article: No, We Cannot Afford to Fund Yet Another War
Oct 25, 2023 • 0:00
Is There Inflation in Government-Financed Goods and Services?
Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases. Original Article: Is There Inflation in Government-Financed Goods and Services?
Oct 24, 2023 • 0:00
Police Mergers Are Not the Answer, but Privatization Is
Some small municipalities in Pennsylvania have disbanded their police departments, so others want to tax them for “depending” on state police. There is an even better course of action: allow private policing. Original Article: Police Mergers Are Not the Answer, but Privatization Is
Oct 24, 2023 • 0:00
Government Is the Hidden Hand Directing the Culture Wars
American culture wars are not the product of religious fundamentalists or even activist groups. They exist because of state interference in the private lives of individuals. Original Article: Government Is the Hidden Hand Directing the Culture Wars
Oct 24, 2023 • 0:00
How Inflationary Money Causes the Affordability Crisis
The affordability crisis is upon us. Housing, food, you name it, life is becoming expensive. The government blames business, but perhaps government officials should look in the mirror. Original Article: How Inflationary Money Causes the Affordability Crisis
Oct 24, 2023 • 0:00
No, We Cannot Afford to Fund Yet Another War
US government officials from President Biden to Secretary Yellen think the US can fund endless wars, but the American people are suffering in reality. Original Article: No, We Cannot Afford to Fund Yet Another War
Oct 24, 2023 • 0:00
Rothbard on a Priori History
Rothbard warned against the assumption that because democracies are “better” than dictatorships, they are necessarily more peace loving. Original Article: Rothbard on a Priori History
Oct 24, 2023 • 0:00
Taking a Closer Look at the Vaunted Scandinavian Welfare States
While politicians like Bernie Sanders and AOC tout the Scandinavian welfare model for the USA, there are a few things to understand about these countries and the economies that support their welfare programs. Original Article: Taking a Closer Look at the Vaunted Scandinavian Welfare States
Oct 23, 2023 • 0:00
How a Trickle Can Turn into a Flood
Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending. Original Article: How a Trickle Can Turn into a Flood
Oct 23, 2023 • 0:00
Is There Inflation in Government-Financed Goods and Services?
Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases. Original Article: Is There Inflation in Government-Financed Goods and Services?
Oct 22, 2023 • 0:00
Rothbard on a Priori History
Rothbard warned against the assumption that because democracies are “better” than dictatorships, they are necessarily more peace loving. Original Article: Rothbard on a Priori History
Oct 22, 2023 • 0:00
Taking a Closer Look at the Vaunted Scandinavian Welfare States
While politicians like Bernie Sanders and AOC tout the Scandinavian welfare model for the USA, there are a few things to understand about these countries and the economies that support their welfare programs. Original Article: Taking a Closer Look at the Vaunted Scandinavian Welfare States
Oct 22, 2023 • 0:00
How a Trickle Can Turn into a Flood
Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending. Original Article: How a Trickle Can Turn into a Flood
Oct 22, 2023 • 0:00
Fed Forecasts: Financial Sport or Costly Distraction?
Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best. Original Article: Fed Forecasts: Financial Sport or Costly Distraction?
Oct 22, 2023 • 0:00
What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view. Original Article: What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Oct 21, 2023 • 0:00
Economics and the Real World
Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter. Original Article: Economics and the Real World
Oct 21, 2023 • 0:00
Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
From the various compromises pushed by "Beltway Libertarians" to the anti-free market rhetoric of conservative Sohrab Ahmari, government intervention has a lot of new friends. This will not end well. Original Article: Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
Oct 20, 2023 • 0:00
Cotton Pickin' Sanctions
On yet another crusade, US authorities have sanctioned Chinese cotton imports. The sanctions won't change Chinese policies but they will create hardships for many. Original Article: Cotton Pickin' Sanctions
Oct 20, 2023 • 0:00
Living Libertarian: Brief Biographies
Why do people become libertarians? What attracts them to Austrian economics? Original Article: Living Libertarian: Brief Biographies
Oct 19, 2023 • 0:00
Fed Forecasts: Financial Sport or Costly Distraction?
Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best. Original Article: Fed Forecasts: Financial Sport or Costly Distraction?
Oct 19, 2023 • 0:00
What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view. Original Article: What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom
Oct 19, 2023 • 0:00
Economics and the Real World
Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter. Original Article: Economics and the Real World
Oct 19, 2023 • 0:00
Tyranny, Inc.: How "Beltway Libertarians" Failed to Convince Conservatives
From the various compromises pushed by "Beltway Libertarians" to the anti-free market rhetoric of conservative Sohrab Ahmari, government intervention has a lot of new friends. This will not end well. Original Article: Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives
Oct 19, 2023 • 0:00
Cotton Pickin' Sanctions
On yet another crusade, US authorities have sanctioned Chinese cotton imports. The sanctions won't change Chinese policies but they will create hardships for many. Original Article: Cotton Pickin' Sanctions
Oct 19, 2023 • 0:00
Assessing the BRICS Expansion: Debunking Expectations
Although there has been excitement and fanfare over the recent BRICS meetings and proclamations, it is doubtful that these economies’ performance can match their rhetoric. Original Article: Assessing the BRICS Expansion: Debunking Expectations
Oct 19, 2023 • 0:00
Real Economic Growth Depends on Savings
Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy. Original Article: Real Economic Growth Depends on Savings
Oct 18, 2023 • 0:00
Do Monarchs Always Have Low Time Preferences?
Hans Hoppe theorized that monarchs, as opposed to democratically-elected political authorities, would have lower time preferences and would be less likely to engage in reckless government spending. Unfortunately, at least one Medieval Danish king acted like a modern politician. Original Article: Do Monarchs Always Have Low Time Preferences?
Oct 18, 2023 • 0:00
The US Military Is Laying the Groundwork to Reinstitute the Draft
Not satisfied with the futile and destructive wars it has fought in this century, leaders of the US Armed Forces now want reinstatement of the draft. Instead, perhaps our government should give peace a chance. Original Article: The US Military Is Laying the Groundwork to Reinstitute the Draft
Oct 17, 2023 • 0:00
Living Libertarian: Brief Biographies
Why do people become libertarians? What attracts them to Austrian economics? Original Article: Living Libertarian: Brief Biographies
Oct 17, 2023 • 0:00
Assessing the BRICS Expansion: Debunking Expectations
Although there has been excitement and fanfare over the recent BRICS meetings and proclamations, it is doubtful that these economies’ performance can match their rhetoric. Original Article: Assessing the BRICS Expansion: Debunking Expectations
Oct 17, 2023 • 0:00
Real Economic Growth Depends on Savings
Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy. Original Article: Real Economic Growth Depends on Savings
Oct 17, 2023 • 0:00
Do Monarchs Always Have Low Time Preferences?
Hans Hoppe theorized that monarchs, as opposed to democratically-elected political authorities, would have lower time preferences and would be less likely to engage in reckless government spending. Unfortunately, at least one Medieval Danish king acted like a modern politician. Original Article: Do Monarchs Always Have Low Time Preferences?
Oct 17, 2023 • 0:00
The State against Anonymity
Governments are using intimidation to regulate independent journalists on the decentralized internet. Original Article: The State against Anonymity
Oct 17, 2023 • 0:00
Chess, Trans Athletes, and Free Markets in Sports
Is there a way out of the seemingly intractable demands that trans athletes who are "transitioning" from male to female be permitted to compete with female athletes? There may be a free-market solution. Original Article: Chess, Trans Athletes, and Free Markets in Sports
Oct 16, 2023 • 0:00
Hamas, Israel, and the Collapse of the Fiat Global Order
The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery. Original Article: Hamas, Israel, and the Collapse of the Fiat Global Order
Oct 16, 2023 • 0:00
The US Military Is Laying the Groundwork to Reinstitute the Draft
Not satisfied with the futile and destructive wars it has fought in this century, leaders of the US Armed Forces now want reinstatement of the draft. Instead, perhaps our government should give peace a chance. Original Article: The US Military Is Laying the Groundwork to Reinstitute the Draft
Oct 15, 2023 • 0:00
The State against Anonymity
Governments are using intimidation to regulate independent journalists on the decentralized internet. Original Article: The State against Anonymity
Oct 15, 2023 • 0:00
Chess, Trans Athletes, and Free Markets in Sports
Is there a way out of the seemingly intractable demands that trans athletes who are "transitioning" from male to female be permitted to compete with female athletes? There may be a free-market solution. Original Article: Chess, Trans Athletes, and Free Markets in Sports
Oct 15, 2023 • 0:00
Hamas, Israel, and the Collapse of the Fiat Global Order
The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery. Original Article: Hamas, Israel, and the Collapse of the Fiat Global Order
Oct 15, 2023 • 0:00
Oil Export Bans Make for Crude Politics
In the wake of the Arab Oil Embargo of 50 years ago, Congress banned U.S. export sales of crude oil. The results were different than what government "experts" imagined. Original Article: Oil Export Bans Make for Crude Politics
Oct 15, 2023 • 0:00
Dollarization in Argentina Will Not Promote Freedom
While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations. Original Article: Dollarization in Argentina Will Not Promote Freedom
Oct 14, 2023 • 0:00
Bank CEOs Have Their Heads in the Clouds
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits. Original Article: Bank CEOs Have Their Heads in the Clouds
Oct 14, 2023 • 0:00
Is It Just War or Unjustified Slaughter of Innocents?
The recent attacks by Hamas on Israeli civilians have led to justified outrage. But will Israel's response also kill innocent people? Murray Rothbard has words of wisdom on this subject. Original Article: Is It Just War or Unjustified Slaughter of Innocents?
Oct 13, 2023 • 0:00
Get the US Out of the Middle East
Hamas's invasion of Israel happened in spite of decades of US intervention and spending in favor of Tel Aviv. Yet, this ongoing conflict has nothing at all to do with the safety and security of the United States itself. It's time for the US to get out. Original Article: Get the US Out of the Middle East
Oct 13, 2023 • 0:00
Oil Export Bans Make for Crude Politics
In the wake of the Arab Oil Embargo of 50 years ago, Congress banned U.S. export sales of crude oil. The results were different than what government "experts" imagined. Original Article: Oil Export Bans Make for Crude Politics
Oct 12, 2023 • 0:00
Dollarization in Argentina Will Not Promote Freedom
While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations. Original Article: Dollarization in Argentina Will Not Promote Freedom
Oct 12, 2023 • 0:00
Bank CEOs Have Their Heads in the Clouds
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits. Original Article: Bank CEOs Have Their Heads in the Clouds
Oct 12, 2023 • 0:00
Is It Just War or Unjustified Slaughter of Innocents?
The recent attacks by Hamas on Israeli civilians have led to justified outrage. But will Israel's response also kill innocent people? Murray Rothbard has words of wisdom on this subject. Original Article: Is It Just War or Unjustified Slaughter of Innocents?
Oct 12, 2023 • 0:00
Get the US Out of the Middle East
Hamas's invasion of Israel happened in spite of decades of US intervention and spending in favor of Tel Aviv. Yet, this ongoing conflict has nothing at all to do with the safety and security of the United States itself. It's time for the US to get out. Original Article: Get the US Out of the Middle East
Oct 12, 2023 • 0:00
It’s Time for Some Debt and Entitlement Alarmism
Climate alarmism dominates the news cycle, but perhaps people be more alarmed by massive federal budget deficits and runaway entitlement spending. Original Article: It’s Time for Some Debt and Entitlement Alarmism
Oct 12, 2023 • 0:00
The Central Bank Policy Interest Rate vs the Natural Rate
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate. Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
Oct 12, 2023 • 0:00
Dollarization Puts Foreign Economies at the Mercy of the US Regime
Some free-market advocates are pushing for dollarization in Argentina. But the devastating US sanctions against Panama in 1989 show us how dollarization helps the US exercise more hegemonic power over foreign economies. Original Article: Dollarization Puts Foreign Economies at the Mercy of the US Regime
Oct 11, 2023 • 0:00
The Left Is Now Telling Us (Ukrainian) Nazis Aren't So Bad After All
Members of the Canadian Parliament recently applauded a Ukrainian member of the Nazi Waffen-SS during World War II. Apparently, it's now okay to be a Nazi so long as you're fighting the Russians. Original Article: The Left Is Now Telling Us (Ukrainian) Nazis Aren't So Bad After All
Oct 11, 2023 • 0:00
Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Haiti famously won its independence from France during a slave revolt, but being independent has not brought political stability or prosperity. Instead, Haitians struggle to get by in the Western Hemisphere's poorest country. Original Article: Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Oct 10, 2023 • 0:00
It’s Time for Some Debt and Entitlement Alarmism
Climate alarmism dominates the news cycle, but perhaps people be more alarmed by massive federal budget deficits and runaway entitlement spending. Original Article: It’s Time for Some Debt and Entitlement Alarmism
Oct 10, 2023 • 0:00
The Central Bank Policy Interest Rate vs the Natural Rate
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate. Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
Oct 10, 2023 • 0:00
Dollarization Puts Foreign Economies at the Mercy of the US Regime
Some free-market advocates are pushing for dollarization in Argentina. But the devastating US sanctions against Panama in 1989 show us how dollarization helps the US exercise more hegemonic power over foreign economies. Original Article: Dollarization Puts Foreign Economies at the Mercy of the US Regime
Oct 10, 2023 • 0:00
The Left Is Now Telling Us (Ukrainian) Nazis Aren't So Bad After All
Members of the Canadian Parliament recently applauded a Ukrainian member of the Nazi Waffen-SS during World War II. Apparently, it's now okay to be a Nazi so long as you're fighting the Russians. Original Article: The Left Is Now Telling Us (Ukrainian) Nazis Aren't So Bad After All
Oct 10, 2023 • 0:00
Can We Find a Basis for Private Property Rights?
While Murray Rothbard believed that self-ownership formed the basis for private property rights, other philosophers disagree. Original Article: Can We Find a Basis for Private Property Rights?
Oct 10, 2023 • 0:00
No, Governor, Rights Are NOT Government-Issued Privileges That You Can Suspend
The recent executive order by New Mexico's governor suspending gun rights in part of the state demonstrates not only her ignorance of the law, but also her greater ignorance of the origin of rights. Original Article: No, Governor, Rights Are NOT Government-Issued Privileges That You Can Suspend
Oct 9, 2023 • 0:00
Why the Fed's Tight Rate Stance Damages the Economy
In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market. Original Article: Why the Fed's Tight Rate Stance Damages the Economy
Oct 9, 2023 • 0:00
Inflation: Government’s Insidious Form of Theft
While court economists such as Paul Krugman insist that inflation is government's way of ensuring full employment, in reality, inflation is one of the many ways governments steal from productive people. Original Article: Inflation: Government’s Insidious Form of Theft
Oct 9, 2023 • 0:00
Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Haiti famously won its independence from France during a slave revolt, but being independent has not brought political stability or prosperity. Instead, Haitians struggle to get by in the Western Hemisphere's poorest country. Original Article: Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Oct 7, 2023 • 0:00
Can We Find a Basis for Private Property Rights?
While Murray Rothbard believed that self-ownership formed the basis for private property rights, other philosophers disagree. Original Article: Can We Find a Basis for Private Property Rights?
Oct 7, 2023 • 0:00
No, Governor, Rights Are NOT Government-Issued Privileges That You Can Suspend
The recent executive order by New Mexico's governor suspending gun rights in part of the state demonstrates not only her ignorance of the law, but also her greater ignorance of the origin of rights. Original Article: No, Governor, Rights Are NOT Government-Issued Privileges That You Can Suspend
Oct 7, 2023 • 0:00
Why the Fed's Tight Rate Stance Damages the Economy
In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market. Original Article: Why the Fed's Tight Rate Stance Damages the Economy
Oct 7, 2023 • 0:00
Welcome to the Twenty-First Century American Bankruptcy Show
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time. Original Article: Welcome to the Twenty-First Century American Bankruptcy Show
Oct 7, 2023 • 0:00
Cultural Appropriation: The Nontheft of Something No One Owns
Progressives have created a new thought crime: cultural appropriation. However, one cannot appropriate something that is not owned by anyone else. Original Article: Cultural Appropriation: The Nontheft of Something No One Owns
Oct 7, 2023 • 0:00
Would You Hire an AI-powered McRobot or a Human Employee?
The decision to use artificial intelligence–powered robots in the fast food industry depends upon differences in costs and performance between humans and robots. State minimum wage laws are pushing the industry toward robots. Original Article: Would You Hire an AI-powered McRobot or a Human Employee?
Oct 6, 2023 • 0:00
The House Showdown: Separating Truth from Outright Falsehoods
Read the New York Times (or even National Review) and you'll learn that the budget standoff is between congressional “adults” and right-wing House nutjobs. This is not the case. Original Article: The House Showdown: Separating Truth from Outright Falsehoods
Oct 6, 2023 • 0:00
Inflation: Government’s Insidious Form of Theft
While court economists such as Paul Krugman insist that inflation is government's way of ensuring full employment, in reality, inflation is one of the many ways governments steal from productive people. Original Article: Inflation: Government’s Insidious Form of Theft
Oct 5, 2023 • 0:00
Welcome to the Twenty-First Century American Bankruptcy Show
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time. Original Article: Welcome to the Twenty-First Century American Bankruptcy Show
Oct 5, 2023 • 0:00
Cultural Appropriation: The Nontheft of Something No One Owns
Progressives have created a new thought crime: cultural appropriation. However, one cannot appropriate something that is not owned by anyone else. Original Article: Cultural Appropriation: The Nontheft of Something No One Owns
Oct 5, 2023 • 0:00
Would You Hire an AI-powered McRobot or a Human Employee?
The decision to use artificial intelligence–powered robots in the fast food industry depends upon differences in costs and performance between humans and robots. State minimum wage laws are pushing the industry toward robots. Original Article: Would You Hire an AI-powered McRobot or a Human Employee?
Oct 5, 2023 • 0:00
The House Showdown: Separating Truth from Outright Falsehoods
Read the New York Times (or even National Review) and you'll learn that the budget standoff is between congressional “adults” and right-wing House nutjobs. This is not the case. Original Article: The House Showdown: Separating Truth from Outright Falsehoods
Oct 5, 2023 • 0:00
The Austrian School's Deductive Approach: A Beacon for Economic Understanding
Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis. Original Article: The Austrian School's Deductive Approach: A Beacon for Economic Understanding
Oct 5, 2023 • 0:00
American Prosperity Is Greater than Most of Us Realize
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else. Original Article: American Prosperity Is Greater than Most of Us Realize
Oct 5, 2023 • 0:00
Forced Isolation of Patients in the ICU Is Barbaric and Counterproductive
When covid restrictions were at their tightest, many people died alone in ICUs, as friends and family were kept away in the name of "public health." A more accurate assessment of the policy is to call it barbaric. Original Article: Forced Isolation of Patients in the ICU Is Barbaric and Counterproductive
Oct 4, 2023 • 0:00
A Procapitalist Philosopher
While philosophy is a discipline that has been hijacked by the Left, once in a while a philosopher comes along and surprises us. Original Article: A Procapitalist Philosopher
Oct 4, 2023 • 0:00
Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates
As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well. Original Article: Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates
Oct 3, 2023 • 0:00
The Austrian School's Deductive Approach: A Beacon for Economic Understanding
Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis. Original Article: The Austrian School's Deductive Approach: A Beacon for Economic Understanding
Oct 3, 2023 • 0:00
American Prosperity Is Greater than Most of Us Realize
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else. Original Article: American Prosperity Is Greater than Most of Us Realize
Oct 3, 2023 • 0:00
Forced Isolation of Patients in the ICU Is Barbaric and Counterproductive
When covid restrictions were at their tightest, many people died alone in ICUs, as friends and family were kept away in the name of "public health." A more accurate assessment of the policy is to call it barbaric. Original Article: Forced Isolation of Patients in the ICU Is Barbaric and Counterproductive
Oct 3, 2023 • 0:00
A Procapitalist Philosopher
While philosophy is a discipline that has been hijacked by the Left, once in a while a philosopher comes along and surprises us. Original Article: A Procapitalist Philosopher
Oct 3, 2023 • 0:00
Let's Examine Some REAL Crimes Committed by Presidents
The ruling classes have determined that crimes are political in nature. Thus, Donald Trump faces criminal charges while actual crimes by other presidents go uncharged and unpunished. Original Article: Let's Examine Some REAL Crimes Committed by Presidents
Oct 3, 2023 • 0:00
Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy
Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid. Original Article: Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy
Oct 2, 2023 • 0:00
Mises versus Hayek on the Future of Civilization
While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things. Original Article: Mises versus Hayek on the Future of Civilization
Oct 2, 2023 • 0:00
Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates
As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well. Original Article: Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates
Oct 2, 2023 • 0:00
Let's Examine Some REAL Crimes Committed by Presidents
The ruling classes have determined that crimes are political in nature. Thus, Donald Trump faces criminal charges while actual crimes by other presidents go uncharged and unpunished. Original Article: Let's Examine Some REAL Crimes Committed by Presidents
Oct 2, 2023 • 0:00
Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy
Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid. Original Article: Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy
Oct 2, 2023 • 0:00
Mises versus Hayek on the Future of Civilization
While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things. Original Article: Mises versus Hayek on the Future of Civilization
Oct 2, 2023 • 0:00
States Are Dying from Corruption and the Exponential
The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR. Original Article: States Are Dying from Corruption and the Exponential
Oct 1, 2023 • 0:00
Statism Stands against Free Trade and Free Association
Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry. Original Article: Statism Stands against Free Trade and Free Association
Sep 30, 2023 • 0:00
Physician Burnout: Another Consequence of Medical Socialism
Obamacare's forced electronic medical recordkeeping is denying patients the care they need. Original Article: Physician Burnout: Another Consequence of Medical Socialism
Sep 30, 2023 • 0:00
Totalitarian Ideals and Not Living by Lies
More than forty years ago, Aleksandr Solzhenitsyn urged his fellow Russians “not to live by lies.” In our politicized age, his words ring truer than ever. Original Article: Totalitarian Ideals and Not Living by Lies
Sep 29, 2023 • 0:00
The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do
If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But "hope" is all the Fed has. Original Article: The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do
Sep 29, 2023 • 0:00
Why Stabilization Policy is Destabilizing
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea. Original Article: Why Stabilization Policy is Destabilizing
Sep 28, 2023 • 0:00
States Are Dying from Corruption and the Exponential
The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR. Original Article: States Are Dying from Corruption and the Exponential
Sep 28, 2023 • 0:00
Statism Stands against Free Trade and Free Association
Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry. Original Article: Statism Stands against Free Trade and Free Association
Sep 28, 2023 • 0:00
Physician Burnout: Another Consequence of Medical Socialism
Obamacare's forced electronic medical recordkeeping is denying patients the care they need. Original Article: Physician Burnout: Another Consequence of Medical Socialism
Sep 28, 2023 • 0:00
Totalitarian Ideals and Not Living by Lies
More than forty years ago, Aleksandr Solzhenitsyn urged his fellow Russians “not to live by lies.” In our politicized age, his words ring truer than ever. Original Article: Totalitarian Ideals and Not Living by Lies
Sep 28, 2023 • 0:00
The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do
If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But "hope" is all the Fed has. Original Article: The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do
Sep 28, 2023 • 0:00
Toward a Heideggerian Libertarianism?
Can there be a bridge between Heideggerian metaphysics and practical political philosophy? Original Article: Toward a Heideggerian Libertarianism?
Sep 28, 2023 • 0:00
Why the "Just Wage" Theory Doesn't Make Much Sense
Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine. Original Article: Why the "Just Wage" Theory Doesn't Make Much Sense
Sep 27, 2023 • 0:00
How a CBDC Created Chaos and Poverty in Nigeria
The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed. Original Article: How a CBDC Created Chaos and Poverty in Nigeria
Sep 27, 2023 • 0:00
Does Technical Knowledge Always Lead to Economic Growth?
Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true. Original Article: Does Technical Knowledge Always Lead to Economic Growth?
Sep 26, 2023 • 0:00
Why Stabilization Policy is Destabilizing
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea. Original Article: Why Stabilization Policy is Destabilizing
Sep 26, 2023 • 0:00
Toward a Heideggerian Libertarianism?
Can there be a bridge between Heideggerian metaphysics and practical political philosophy? Original Article: Toward a Heideggerian Libertarianism?
Sep 26, 2023 • 0:00
Why the "Just Wage" Theory Doesn't Make Much Sense
Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine. Original Article: Why the "Just Wage" Theory Doesn't Make Much Sense
Sep 26, 2023 • 0:00
How a CBDC Created Chaos and Poverty in Nigeria
The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed. Original Article: How a CBDC Created Chaos and Poverty in Nigeria
Sep 26, 2023 • 0:00
Understanding Hegel from a Straussian Viewpoint
While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men. Original Article: Understanding Hegel from a Straussian Viewpoint
Sep 26, 2023 • 0:00
Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception
The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle. Original Article: Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception
Sep 25, 2023 • 0:00
August Price Inflation Accelerated, and the Fed Fears More Is in Store
Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations. Original Article: August Price Inflation Accelerated, and the Fed Fears More Is in Store
Sep 25, 2023 • 0:00
Does Technical Knowledge Always Lead to Economic Growth?
Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true. Original Article: Does Technical Knowledge Always Lead to Economic Growth?
Sep 24, 2023 • 0:00
Understanding Hegel from a Straussian Viewpoint
While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men. Original Article: Understanding Hegel from a Straussian Viewpoint
Sep 24, 2023 • 0:00
Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception
The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle. Original Article: Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception
Sep 24, 2023 • 0:00
August Price Inflation Accelerated, and the Fed Fears More Is in Store
Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations. Original Article: August Price Inflation Accelerated, and the Fed Fears More Is in Store
Sep 24, 2023 • 0:00
There Is No Fed Magic Trick to Achieve a Soft Landing
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn. Original Article: There Is No Fed Magic Trick to Achieve a Soft Landing
Sep 24, 2023 • 0:00
The Chinese Economy: Market Socialism with Chinese Characteristics
China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism. Original Article: The Chinese Economy: Market Socialism with Chinese Characteristics
Sep 23, 2023 • 0:00
The State as Modern-Day Superstition: Unraveling the Illusions of Authority
To progressive elites, the state (at least one run by progressives) is omniscient and all-powerful. To anyone with understanding, the state is an entity usually run by gangsters. Original Article: The State as Modern-Day Superstition: Unraveling the Illusions of Authority
Sep 23, 2023 • 0:00
Is the US Banking System a House of Cards Waiting to Topple?
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it. Original Article: Is the US Banking System a House of Cards Waiting to Topple?
Sep 22, 2023 • 0:00
Striking Autoworkers Will Only Harm Their Own Livelihoods
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected. Original Article: Striking Autoworkers Will Only Harm Their Own Livelihoods
Sep 22, 2023 • 0:00
"Debanking": The Latest Assault on Freedom of Speech
In their war against free speech, progressive governments are now denying dissidents use of the banking system. Original Article: ""Debanking": The Latest Assault on Freedom of Speech"
Sep 21, 2023 • 0:00
There Is No Fed Magic Trick to Achieve a Soft Landing
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn. Original Article: There Is No Fed Magic Trick to Achieve a Soft Landing
Sep 21, 2023 • 0:00
The Chinese Economy: Market Socialism with Chinese Characteristics
China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism. Original Article: The Chinese Economy: Market Socialism with Chinese Characteristics
Sep 21, 2023 • 0:00
The State as Modern-Day Superstition: Unraveling the Illusions of Authority
To progressive elites, the state (at least one run by progressives) is omniscient and all-powerful. To anyone with understanding, the state is an entity usually run by gangsters. Original Article: The State as Modern-Day Superstition: Unraveling the Illusions of Authority
Sep 21, 2023 • 0:00
Is the US Banking System a House of Cards Waiting to Topple?
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it. Original Article: Is the US Banking System a House of Cards Waiting to Topple?
Sep 21, 2023 • 0:00
Striking Autoworkers Will Only Harm Their Own Livelihoods
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected. Original Article: Striking Autoworkers Will Only Harm Their Own Livelihoods
Sep 21, 2023 • 0:00
America's Big Three Entitlement Bankruptcies Are Inevitable
The vast American welfare system is imploding. Future tax revenues will not come close to meeting future obligations. Something must give. Original Article: America's Big Three Entitlement Bankruptcies Are Inevitable
Sep 21, 2023 • 0:00
Is China Colonizing Jamaica?
Some Jamaicans complain that the Chinese are "colonizing" the country because of their economic success there. Actually, their success is due to entrepreneurship and plain hard work. Original Article: "Is China Colonizing Jamaica?"
Sep 20, 2023 • 0:00
The Original Oracle of Omaha: Howard Homan Buffett
Before there was Warren Buffett, known as much for his progressive politics as his acumen with money, there was his father, Howard Homan Buffett, a libertarian of the Old Right. Original Article: "The Original Oracle of Omaha: Howard Homan Buffett"
Sep 20, 2023 • 0:00
Are Markets Tyrannical? Where Christian Conservatives Are Mistaken
A number of Christian conservatives are claiming that markets are as coercive as government. Try boycotting the FBI or your local police the next time they do something outrageous. Original Article: "Are Markets Tyrannical? Where Christian Conservatives Are Mistaken"
Sep 19, 2023 • 0:00
"Debanking": The Latest Assault on Freedom of Speech
In their war against free speech, progressive governments are now denying dissidents use of the banking system. Original Article: ""Debanking": The Latest Assault on Freedom of Speech"
Sep 19, 2023 • 0:00
America's Big Three Entitlement Bankruptcies Are Inevitable
The vast American welfare system is imploding. Future tax revenues will not come close to meeting future obligations. Something must give. Original Article: America's Big Three Entitlement Bankruptcies Are Inevitable
Sep 19, 2023 • 0:00
Is China Colonizing Jamaica?
Some Jamaicans complain that the Chinese are "colonizing" the country because of their economic success there. Actually, their success is due to entrepreneurship and plain hard work. Original Article: "Is China Colonizing Jamaica?"
Sep 19, 2023 • 0:00
The Original Oracle of Omaha: Howard Homan Buffett
Before there was Warren Buffett, known as much for his progressive politics as his acumen with money, there was his father, Howard Homan Buffett, a libertarian of the Old Right. Original Article: "The Original Oracle of Omaha: Howard Homan Buffett"
Sep 19, 2023 • 0:00
Gold Will Destroy the Keynesian Fallacies
Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency. Original Article: "Gold Will Destroy the Keynesian Fallacies"
Sep 19, 2023 • 0:00
Marxist States Never "Wither Away" as Marx Predicted
David Gordon continues his analysis of Graham Priest’s book, Capitalism: Its Nature and Its Replacement. While Priest might not understand either Marxism or capitalism, his book has useful insights. Original Article: "Marxist States Never "Wither Away" as Marx Predicted"
Sep 18, 2023 • 0:00
Government Imposed "Competition" Harms Competition
President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron. Original Article: "Government Imposed "Competition" Harms Competition"
Sep 18, 2023 • 0:00
Are Markets Tyrannical? Where Christian Conservatives Are Mistaken
A number of Christian conservatives are claiming that markets are as coercive as government. Try boycotting the FBI or your local police the next time they do something outrageous. Original Article: "Are Markets Tyrannical? Where Christian Conservatives Are Mistaken"
Sep 17, 2023 • 0:00
Gold Will Destroy the Keynesian Fallacies
Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency. Original Article: "Gold Will Destroy the Keynesian Fallacies"
Sep 17, 2023 • 0:00
Marxist States Never "Wither Away" as Marx Predicted
David Gordon continues his analysis of Graham Priest’s book, Capitalism: Its Nature and Its Replacement. While Priest might not understand either Marxism or capitalism, his book has useful insights. Original Article: "Marxist States Never "Wither Away" as Marx Predicted"
Sep 17, 2023 • 0:00
Government Imposed "Competition" Harms Competition
President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron. Original Article: "Government Imposed "Competition" Harms Competition"
Sep 17, 2023 • 0:00
China’s Maneuvering and the New Balance of Power
Washington is paranoid of current Chinese actions. However, it is Washington that has been the aggressor in world affairs. Original Article: "China’s Maneuvering and the New Balance of Power"
Sep 17, 2023 • 0:00
The USDA’s War on Small Farms
The Biden administration is unleashing the USDA on small farmers, attempting to regulate them out of business. This is done to protect not the public's health, but politically connected agriculture interests. Original Article: "The USDA’s War on Small Farms"
Sep 16, 2023 • 0:00
Bidenomics: A Boom That Awaits an Inevitable Bust
While unemployment currently is low and the rate of inflation has fallen somewhat, Bidenomics is setting off a boom that is unsustainable. We know what happens next. Original Article: "Bidenomics: A Boom That Awaits an Inevitable Bust"
Sep 16, 2023 • 0:00
The Great Phony Disinflation Enters Its Finale
Supposedly, the "big news" is the decline of inflation. However, the monetary and political forces driving the latest bout of inflation have not gone away. Original Article: "The Great Phony Disinflation Enters Its Finale"
Sep 15, 2023 • 0:00
Dollar Hegemony Is Ending Due to Geopolitical Changes
Since the end of World War II, the US dollar has been the world's reserve currency. That status may well change because US monetary authorities insist on inflating the dollar into oblivion. Original Article: "Dollar Hegemony Is Ending Due to Geopolitical Changes"
Sep 15, 2023 • 0:00
China’s Maneuvering and the New Balance of Power
Washington is paranoid of current Chinese actions. However, it is Washington that has been the aggressor in world affairs. Original Article: "China’s Maneuvering and the New Balance of Power"
Sep 14, 2023 • 0:00
The USDA’s War on Small Farms
The Biden administration is unleashing the USDA on small farmers, attempting to regulate them out of business. This is done to protect not the public's health, but politically connected agriculture interests. Original Article: "The USDA’s War on Small Farms"
Sep 14, 2023 • 0:00
Bidenomics: A Boom That Awaits an Inevitable Bust
While unemployment currently is low and the rate of inflation has fallen somewhat, Bidenomics is setting off a boom that is unsustainable. We know what happens next. Original Article: "Bidenomics: A Boom That Awaits an Inevitable Bust"
Sep 14, 2023 • 0:00
The Great Phony Disinflation Enters Its Finale
Supposedly, the "big news" is the decline of inflation. However, the monetary and political forces driving the latest bout of inflation have not gone away. Original Article: "The Great Phony Disinflation Enters Its Finale"
Sep 14, 2023 • 0:00
Dollar Hegemony Is Ending Due to Geopolitical Changes
Since the end of World War II, the US dollar has been the world's reserve currency. That status may well change because US monetary authorities insist on inflating the dollar into oblivion. Original Article: "Dollar Hegemony Is Ending Due to Geopolitical Changes"
Sep 14, 2023 • 0:00
Beyond Crisis: The Ratchet Effect and the Erosion of Liberty
After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect. Original Article: "Beyond Crisis: The Ratchet Effect and the Erosion of Liberty"
Sep 14, 2023 • 0:00
Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory
While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself. Original Article: "Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory"
Sep 14, 2023 • 0:00
The Coming Collapse of the Global Ponzi Scheme
In the global Ponzi scheme, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein wrote in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.” Original Article: "The Coming Collapse of the Global Ponzi Scheme"
Sep 13, 2023 • 0:00
America Since 9/11: 22 Years of Lies and Despotism
In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world. Original Article: "America Since 9/11: 22 Years of Lies and Despotism"
Sep 13, 2023 • 0:00
Beyond Crisis: The Ratchet Effect and the Erosion of Liberty
After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect. Original Article: "Beyond Crisis: The Ratchet Effect and the Erosion of Liberty"
Sep 12, 2023 • 0:00
Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory
While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself. Original Article: "Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory"
Sep 12, 2023 • 0:00
The Coming Collapse of the Global Ponzi Scheme
In the global Ponzi scheme, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein wrote in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.” Original Article: "The Coming Collapse of the Global Ponzi Scheme"
Sep 12, 2023 • 0:00
America Since 9/11: 22 Years of Lies and Despotism
In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world. Original Article: "America Since 9/11: 22 Years of Lies and Despotism"
Sep 12, 2023 • 0:00
No, Small Countries Are Not at an Economic Disadvantage
Being large doesn't make a country wealthy, nor does being small shrink a country's economy. Original Article: "No, Small Countries Are Not at an Economic Disadvantage"
Sep 12, 2023 • 0:00
What Mises Really Thought about Fascism
When Mises wrote that the fascists had "saved European civilization," he could have been describing Francisco Franco of Spain, who kept Spain from becoming a communist dictatorship. Original Article: "What Mises Really Thought about Fascism"
Sep 12, 2023 • 0:00
Is the Monopoly Board Game Like Real Markets?
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life. Original Article: "Is the Monopoly Board Game Like Real Markets?"
Sep 11, 2023 • 0:00
Regulation in the Free Market: It’s Not What Most People Believe
Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety. Original Article: "Regulation in the Free Market: It’s Not What Most People Believe"
Sep 11, 2023 • 0:00
No, Small Countries Are Not at an Economic Disadvantage
Being large doesn't make a country wealthy, nor does being small shrink a country's economy. Original Article: "No, Small Countries Are Not at an Economic Disadvantage"
Sep 10, 2023 • 0:00
What Mises Really Thought about Fascism
When Mises wrote that the fascists had "saved European civilization," he could have been describing Francisco Franco of Spain, who kept Spain from becoming a communist dictatorship. Original Article: "What Mises Really Thought about Fascism"
Sep 10, 2023 • 0:00
Is the Monopoly Board Game Like Real Markets?
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life. Original Article: "Is the Monopoly Board Game Like Real Markets?"
Sep 10, 2023 • 0:00
Regulation in the Free Market: It’s Not What Most People Believe
Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety. Original Article: "Regulation in the Free Market: It’s Not What Most People Believe"
Sep 10, 2023 • 0:00
AI Lacks the Entrepreneurial Intelligence to Plan an Economy
Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur. Original Article: "AI Lacks the Entrepreneurial Intelligence to Plan an Economy"
Sep 10, 2023 • 0:00
Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration
While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it. Original Article: "Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration"
Sep 9, 2023 • 0:00
Inflation Is a Giant "Skim" on the American People
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected. Original Article: "Inflation Is a Giant "Skim" on the American People"
Sep 9, 2023 • 0:00
Family Flourishing and State Denigration
As family life descends into crisis in the USA, many conservatives call for state intervention to "fix" things. It's state intervention that created the problems in the first place. Original Article: "Family Flourishing and State Denigration"
Sep 8, 2023 • 0:00
Let Staten Island Secede!
If Staten Island is allowed to secede, our national technocrats fear that might open up countless similar demands for self-determination across the nation. For the elites, the current status quo works quite well and they want to keep it that way. Original Article: "Let Staten Island Secede!"
Sep 8, 2023 • 0:00
AI Lacks the Entrepreneurial Intelligence to Plan an Economy
Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur. Original Article: "AI Lacks the Entrepreneurial Intelligence to Plan an Economy"
Sep 7, 2023 • 0:00
Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration
While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it. Original Article: "Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration"
Sep 7, 2023 • 0:00
Inflation Is a Giant "Skim" on the American People
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected. Original Article: "Inflation Is a Giant "Skim" on the American People"
Sep 7, 2023 • 0:00
Family Flourishing and State Denigration
As family life descends into crisis in the USA, many conservatives call for state intervention to "fix" things. It's state intervention that created the problems in the first place. Original Article: "Family Flourishing and State Denigration"
Sep 7, 2023 • 0:00
Let Staten Island Secede!
If Staten Island is allowed to secede, our national technocrats fear that might open up countless similar demands for self-determination across the nation. For the elites, the current status quo works quite well and they want to keep it that way. Original Article: "Let Staten Island Secede!"
Sep 7, 2023 • 0:00
Golf Merger Is Opposed by Congress. This Is Misguided
Members of Congress claim to be "concerned" over the proposed merger between LIV Golf and the PGA Tour. They should be supporting it or, even better, backing off completely. Original Article: "Golf Merger Is Opposed by Congress. This Is Misguided"
Sep 7, 2023 • 0:00
Eurodollars as a Fractional Reserve Market
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars. Original Article: "Eurodollars as a Fractional Reserve Market"
Sep 7, 2023 • 0:00
Thatcher's New Style of Government
The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings. Original Article: "Thatcher's New Style of Government"
Sep 6, 2023 • 0:00
The Bombing of Hiroshima: The Crime and the Cover-Up
The real effects of the atomic bomb on Hiroshima were hidden from Americans until the New Yorker published an exposé in 1946. Americans finally were confronted with the truth—even if they didn't want to believe it. Original Article: "The Bombing of Hiroshima: The Crime and the Cover-Up"
Sep 6, 2023 • 0:00
The Problem with Public Transit
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame. Original Article: "The Problem with Public Transit"
Sep 5, 2023 • 0:00
Golf Merger Is Opposed by Congress. This Is Misguided
Members of Congress claim to be "concerned" over the proposed merger between LIV Golf and the PGA Tour. They should be supporting it or, even better, backing off completely. Original Article: "Golf Merger Is Opposed by Congress. This Is Misguided"
Sep 5, 2023 • 0:00
Eurodollars as a Fractional Reserve Market
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars. Original Article: "Eurodollars as a Fractional Reserve Market"
Sep 5, 2023 • 0:00
Thatcher's New Style of Government
The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings. Original Article: "Thatcher's New Style of Government"
Sep 5, 2023 • 0:00
The Bombing of Hiroshima: The Crime and the Cover-Up
The real effects of the atomic bomb on Hiroshima were hidden from Americans until the New Yorker published an exposé in 1946. Americans finally were confronted with the truth—even if they didn't want to believe it. Original Article: "The Bombing of Hiroshima: The Crime and the Cover-Up"
Sep 5, 2023 • 0:00
"National Greatness" Is Not the Appropriate Response to "Wokeism"
Many conservatives, in trying to steer the USA away from "wokeism," fail to understand that their “national greatness” schemes are just as harmful. Original Article: ""National Greatness" Is Not the Appropriate Response to "Wokeism""
Sep 5, 2023 • 0:00
France's Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse
The rioting in France is not due to racism nor is it the logical end of immigration. Instead, it is rooted in France's minimum wage and other labor restrictions that lead to unemployment and resentment. Original Article: "France's Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse"
Sep 4, 2023 • 0:00
Easy Money Is a Much Bigger Economic Problem than Debt
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits. Original Article: "Easy Money Is a Much Bigger Economic Problem than Debt"
Sep 4, 2023 • 0:00
The Problem with Public Transit
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame. Original Article: "The Problem with Public Transit"
Sep 3, 2023 • 0:00
"National Greatness" Is Not the Appropriate Response to "Wokeism"
Many conservatives, in trying to steer the USA away from "wokeism," fail to understand that their “national greatness” schemes are just as harmful. Original Article: ""National Greatness" Is Not the Appropriate Response to "Wokeism""
Sep 3, 2023 • 0:00
France's Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse
The rioting in France is not due to racism nor is it the logical end of immigration. Instead, it is rooted in France's minimum wage and other labor restrictions that lead to unemployment and resentment. Original Article: "France's Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse"
Sep 3, 2023 • 0:00
Easy Money Is a Much Bigger Economic Problem than Debt
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits. Original Article: "Easy Money Is a Much Bigger Economic Problem than Debt"
Sep 3, 2023 • 0:00
Politics Has Infected Everything in Our Society, Especially the Media
Modern American media has become so politicized that a once-venerable institution now cannot be trusted. Original Article: "Politics Has Infected Everything in Our Society, Especially the Media"
Sep 3, 2023 • 0:00
Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty
The open protocols on the internet would seem to create chaos, but it turns out that they produce the opposite results, encouraging a digital spontaneous order. Original Article: "Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty"
Sep 2, 2023 • 0:00
Voting with Their Feet: The Lure of Migration
People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet. Original Article: "Voting with Their Feet: The Lure of Migration"
Sep 2, 2023 • 0:00
CBDCs: The Ultimate Tool of Financial Intrusion
While the government promotes CBDCs as tools for "inclusion," it is more likely that they will be another vehicle for federal intrusion. Original Article: "CBDCs: The Ultimate Tool of Financial Intrusion"
Sep 1, 2023 • 0:00
The Unwelcome Return of Covid Restrictions and Lockdowns
The covid restriction machinery is being ramped up in time for fall, despite the fact that covid poses little danger. Original Article: "The Unwelcome Return of Covid Restrictions and Lockdowns"
Sep 1, 2023 • 0:00
How Conscription Ended Fifty Years Ago
For the past fifty years, the US has not had a military draft. Unfortunately, the end of conscription did not mean US military interventions abroad ended. Original Article: "How Conscription Ended Fifty Years Ago"
Aug 31, 2023 • 0:00
Politics Has Infected Everything in Our Society, Especially the Media
Modern American media has become so politicized that a once-venerable institution now cannot be trusted. Original Article: "Politics Has Infected Everything in Our Society, Especially the Media"
Aug 31, 2023 • 0:00
Economic Calculation Is Nonbinary
Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes. Original Article: "Economic Calculation Is Nonbinary"
Aug 31, 2023 • 0:00
What Is the Right Inflation Target for Central Banks?
The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why. Original Article: "What Is the Right Inflation Target for Central Banks?"
Aug 30, 2023 • 0:00
Flying into Foolishness: The DOJ "Saves" Consumers from Low-Cost Airlines
The DOJ claims that it has "protected" consumers by standing in the way of a partnership between JetBlue and American Airlines. The only thing the DOJ protected was higher-cost flying. Original Article: "Flying into Foolishness: The DOJ "Saves" Consumers from Low-Cost Airlines"
Aug 30, 2023 • 0:00
Real Progress versus the Progressives
Progressives have distinguished themselves in the past half century by being against progress. That trend is unlikely to change. Original Article: "Real Progress versus the Progressives"
Aug 29, 2023 • 0:00
Do Monopolies Cause Inflation?
Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible. Original Article: "Do Monopolies Cause Inflation?"
Aug 29, 2023 • 0:00
Why Governments Love Political "Crimes" Like Treason and Sedition
In a free society, political crimes like treason and "seditious libel" are few and far between. Under despotic regimes, on the other hand, political crimes multiply. Original Article: "Why Governments Love Political "Crimes" Like Treason and Sedition"
Aug 28, 2023 • 0:00
How the Soviets Used Common Criminals to Destroy the Regime's Enemies
In the Gulag, political prisoners were systematically terrorized by ordinary criminals with the encouragement of the authorities. It was hoped this would help the regime liquidate the state's ideological enemies. Original Article: "How the Soviets Used Common Criminals to Destroy the Regime's Enemies"
Aug 28, 2023 • 0:00
Not Even a Pencil Could Exist without Fossil Fuels
Leonard Read's famous "I, Pencil" explained the workings of the market in terms of the creation of a simple pencil. However, we should not forget that the reviled fossil fuels are involved at every turn. Original Article: "Not Even a Pencil Could Exist without Fossil Fuels"
Aug 27, 2023 • 0:00
Yellow Trucking Goes Bankrupt, Thanks in Part to Onerous Labor Laws
Yellow Trucking Company has filed for bankruptcy and ceases to exist as a viable firm. Much of the blame is due to the Teamsters Union which has a long a violent history. Original Article: "Yellow Trucking Goes Bankrupt, Thanks in Part to Onerous Labor Laws"
Aug 26, 2023 • 0:00
The British NHS More Resembles a Statist Cult Than Advanced Healthcare
The seventy-fifth-anniversary celebration of the British National Health Service masked the real failures of this system, one that only can become worse over time. Original Article: "The British NHS More Resembles a Statist Cult Than Advanced Healthcare"
Aug 26, 2023 • 0:00
The Killing and Destruction Must Stop: It Is Time to End the Ukraine War
The Ukraine war brings death and destruction with no end in sight. Instead of encouraging more fighting, Western political leaders need to face reality and find a way to end this conflict. Original Article: "The Killing and Destruction Must Stop: It Is Time to End the Ukraine War"
Aug 25, 2023 • 0:00
The State Protects Itself While Crime against Ordinary People Surges
The regime has increasingly been consumed with paranoia over threats to itself—propagandistically termed "threats to democracy"—while real crime against private citizens is clearly not a priority at all. Original Article: "The State Protects Itself While Crime against Ordinary People Surges"
Aug 25, 2023 • 0:00
The Simplicity and Significance of Mutual Economic Exchange
The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life. Original Article: "The Simplicity and Significance of Mutual Economic Exchange"
Aug 24, 2023 • 0:00
Statism and the Unmaking of Reality
Murray Rothbard wrote that egalitarianism was a war against nature. Statism has become a war against reality. Original Article: "Statism and the Unmaking of Reality"
Aug 24, 2023 • 0:00
2SLGBTQ+IA and the Law
The activists went from "We want to be left alone to live our lives" to "we want to control your lives too." Now the movement has state power on its side and bullies all opponents. Original Article: "2SLGBTQ+IA and the Law"
Aug 23, 2023 • 0:00
Socialism Cannot Work, Not Even in an AI-Driven Economy
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation. Original Article: "Socialism Cannot Work, Not Even in an AI-Driven Economy"
Aug 23, 2023 • 0:00
The Government Wants to Turn Blockchain Firms into Servants of the State
Federal prosecutors and other law enforcement agents are turning blockchain firms into government subsidiaries. The real goal is to criminalize what really are lawful, private exchanges. Original Article: "The Government Wants to Turn Blockchain Firms into Servants of the State"
Aug 22, 2023 • 0:00
Why Government Pollution Control Fails
Mainstream economists are quick to claim that environmental problems are caused by "market failure" that can be "fixed" by government intervention. However, the intervention itself is the problem. Original Article: "Why Government Pollution Control Fails"
Aug 22, 2023 • 0:00
Has World War III Already Begun?
The recent actions of the Federal Reserve are reminiscent of central bank activities in wartime. Original Article: "Has World War III Already Begun?"
Aug 21, 2023 • 0:00
What Marxists Say about "Market Socialism"
Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented. Original Article: "What Marxists Say about "Market Socialism""
Aug 21, 2023 • 0:00
Progressives Have Corrupted Not Only Money, but Its History as Well
Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong. Original Article: "Progressives Have Corrupted Not Only Money, but Its History as Well"
Aug 20, 2023 • 0:00
Even in Slave Economies, the Division of Labor Was Inescapable
Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves. Original Article: "Even in Slave Economies, the Division of Labor Was Inescapable"
Aug 19, 2023 • 0:00
Hail the Speculators! They Take the Necessary Economic Risks in Our Economy
Speculators are reviled in the media and by politicians and academics. Yet the speculators are the ones taking risks to ensure the rest of us can have more economic certainty. Original Article: "Hail the Speculators! They Take the Necessary Economic Risks in Our Economy"
Aug 19, 2023 • 0:00
They Didn't Listen: The Reality of Hayek’s Bestseller
In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right. Original Article: "They Didn't Listen: The Reality of Hayek’s Bestseller"
Aug 18, 2023 • 0:00
A Higher Minimum Wage Won't Improve Life in Pennsylvania
Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers. Original Article: "A Higher Minimum Wage Won't Improve Life in Pennsylvania"
Aug 18, 2023 • 0:00
The American Revolutionaries Didn't Need a Central Government. Neither Do We.
Rothbard on the American Revolution: "There was no particular need for the formal trappings and permanent investing of a centralized government, even for victory in war." Original Article: "The American Revolutionaries Didn't Need a Central Government. Neither Do We."
Aug 17, 2023 • 0:00
FedNow Isn't a CBDC, but It Is Dangerous
While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse. Original Article: "FedNow Isn't a CBDC, but It Is Dangerous"
Aug 17, 2023 • 0:00
Can Fractional Reserve Banking Survive the Twenty-First Century?
Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress. Original Article: "Can Fractional Reserve Banking Survive the Twenty-First Century?"
Aug 16, 2023 • 0:00
How East Germany's Stasi Perfected Mass Surveillance
The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital methods. Modern tech now makes the job a lot easier. Original Article: "How East Germany's Stasi Perfected Mass Surveillance"
Aug 16, 2023 • 0:00
The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway.
The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill. Original Article: "The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway."
Aug 15, 2023 • 0:00
Censorship through the Centuries: Free Speech Suppression by the Government and the Mainstream Media
While Americans believe the First Amendment protects their speech, the US government and mainstream media have joined together to suppress speech that does not coincide with government policies. Original Article: "Censorship through the Centuries: Free Speech Suppression by the Government and the Mainstream Media"
Aug 15, 2023 • 0:00
Taking Back the Meaning of "Inflation"
By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood. Original Article: "Taking Back the Meaning of "Inflation""
Aug 14, 2023 • 0:00
The Dead End of Catholic Nationalism
The Christian nationalist state is one in which civil rulers—for a time—regard the Church as a convenient ally. Once this comes to an end, however, the "Christian" state transforms into a state hostile to those it was once designed to protect. Original Article: "The Dead End of Catholic Nationalism"
Aug 14, 2023 • 0:00
"Greed" Didn't Kill the Pac-12. Entrepreneurial Failure Did
The fall of the Pac-12 is an unfortunate end to a proud collegiate institution. But its death isn’t the fault of uncurable greed but of the conference’s own inability to be competitive in the game. Original Article: ""Greed" Didn't Kill the Pac-12. Entrepreneurial Failure Did"
Aug 13, 2023 • 0:00
Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated
The usual answer is that secondhand smoke is bad. But if value is subjective, perhaps secondhand smoke also can be seen as a public good. Original Article: "Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated"
Aug 12, 2023 • 0:00
How People Determine the Value of a Good
In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value. Original Article: "How People Determine the Value of a Good"
Aug 12, 2023 • 0:00
Cracked-Up Slobodian
Professor Quinn Slobodian believes that free markets must lead to tyrannical worker exploitation, and socialism is the only solution. In truth, market competition is the answer. Original Article: "Cracked-Up Slobodian"
Aug 11, 2023 • 0:00
Cultural Change Is Necessary for Capital Development
In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result. Original Article: "Cultural Change Is Necessary for Capital Development"
Aug 11, 2023 • 0:00
The Debt Ceiling Debate Was Pure Theater
When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham. Original Article: "The Debt Ceiling Debate Was Pure Theater"
Aug 10, 2023 • 0:00
Bidenomics Is Yet Another Version of Failed Industrial Policy
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well. Original Article: "Bidenomics Is Yet Another Version of Failed Industrial Policy"
Aug 10, 2023 • 0:00
Pennsylvania Legislators Want Higher Unemployment, Government Dependency, and Crime
Pennsylvania legislators don't claim to be putting people out of work or killing job opportunities. They claim they just want workers to earn more pay. Original Article: "Pennsylvania Legislators Want Higher Unemployment, Government Dependency, and Crime"
Aug 9, 2023 • 0:00
The Soviet Abuse of Indigenous Peoples
Socialists and communists claim to support the rights of "indigenous" peoples. However, that support rings hollow given how the USSR abused the native peoples of Siberia, all while American socialists and communists uncritically supported the Soviet Union. Original Article: "The Soviet Abuse of Indigenous Peoples"
Aug 9, 2023 • 0:00
States Can Curb Federal Power through "Soft Secession"
The use of interstate compacts by US states shows that the states don't need the federal government to dictate or manage interstate relations. Original Article: "States Can Curb Federal Power through "Soft Secession""
Aug 8, 2023 • 0:00
Egalitarianism as a Revolt against Safety
Some residents of St. Louis, fed up with the nonprotection from the city's police, have hired private security to deal with the problem. The egalitarian Left, of course, doesn't like that. Original Article: "Egalitarianism as a Revolt against Safety"
Aug 8, 2023 • 0:00
Shrinkflation and Skimpflation Are Eating Our Lunch
Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation. Original Article: "Shrinkflation and Skimpflation Are Eating Our Lunch"
Aug 7, 2023 • 0:00
The United States vs. Donald J. Trump
Trump is essentially being prosecuted for questioning the outcome of an election, and federal paranoia about protecting its own aura of legitimacy is entering a new highly aggressive phase. Original Article: "The United States vs. Donald J. Trump"
Aug 7, 2023 • 0:00
Outside the Universe?
David Gordon take a critical look at Markus Gabriel's Moral Progress in Dark Times, and although he finds parts that are disturbing, he also discovers important areas of agreement. Original Article: "Outside the Universe?"
Aug 6, 2023 • 0:00
Wind and Solar Are NOT Cheaper than Coal and Oil
President Biden makes the false claim that wind- and solar-generated electricity are cheaper than power generated from coal and oil. Original Article: "Wind and Solar Are NOT Cheaper than Coal and Oil"
Aug 5, 2023 • 0:00
Is Boycotting Target a Legitimate Protest or an Act of Terrorism?
According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies. Original Article: "Is Boycotting Target a Legitimate Protest or an Act of Terrorism?"
Aug 5, 2023 • 0:00
Want to Follow Your Dreams? The First Step Involves Hard Work
Adults tell young people to follow their dreams, but one cannot follow one's vision without realizing what it takes to get there. Original Article: "Want to Follow Your Dreams? The First Step Involves Hard Work"
Aug 4, 2023 • 0:00
Social Justice and the Free-Rider Problem
The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice. Original Article: "Social Justice and the Free-Rider Problem"
Aug 4, 2023 • 0:00
Paleoconservatives Need Better Critics
To seriously threaten the regime, one must attack it at its roots. This would require rejecting the modern civil rights legal regime, something modern Buckleyite conservatives and James Lindsay-style liberals are not interested in, and unites paleoconservatives and paleolibertarians. Original Article: "Paleoconservatives Need Better Critics"
Aug 3, 2023 • 0:00
Belgian Colonialism of the Congo: Facts and Fiction
Like many colonial ventures, Belgium's involvement in the Congo had some successes—and many failures. Original Article: "Belgian Colonialism of the Congo: Facts and Fiction"
Aug 3, 2023 • 0:00
Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages
In this new age of decentralized and democratized content creation, union members' demands may simply be based on wishful thinking for a bygone era. Original Article: "Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages"
Aug 2, 2023 • 0:00
When Slave Owners Chose Federal Power over Local Sovereignty
Although they professed to support "states' rights," many proslavery activists wanted a stronger federal government that could force slavery on the western territories and deny local sovereignty to territorial residents. Original Article: "When Slave Owners Chose Federal Power over Local Sovereignty"
Aug 2, 2023 • 0:00
Modern Socialism Is Forced Socialization
Modern socialism is based upon state interference in normal human relationships, economic and otherwise. It is as disastrous as the older state-planning model. Original Article: "Modern Socialism Is Forced Socialization"
Jul 28, 2023 • 0:00
The Tao and the Synergy of the Spontaneous Order
More than two thousand years ago, the ancient Chinese Tao presented ideas that are reflected in F.A. Hayek's concept of spontaneous order. Original Article: "The Tao and the Synergy of the Spontaneous Order"
Jul 27, 2023 • 0:00
Mises and Nationalism
At a time when ethnic politics were tearing Europe apart, Ludwig von Mises believed that such ethnic devotion did more harm than good. Original Article: "Mises and Nationalism"
Jul 26, 2023 • 0:00
To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"
Jul 25, 2023 • 0:00
Why Do We Act against Our Self-Interest?
Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others. Original Article: "Why Do We Act against Our Self-Interest?"
Jul 20, 2023 • 0:00
Why Mises’s Theory of Economic Calculation Still Is Relevant Today
Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy. Original Article: "Why Mises’s Theory of Economic Calculation Still Is Relevant Today"
Jul 20, 2023 • 0:00
The Backstops for Banks Are Full of Holes
The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices. Original Article: "The Backstops for Banks Are Full of Holes"
Jul 18, 2023 • 0:00
How US States Could Pave the Way for Currency Competition
The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action. Original Article: "How US States Could Pave the Way for Currency Competition"
Jul 17, 2023 • 0:00
How Should We Regulate the Sun (Since Our Government Regulates Nearly Everything Else)?
Do we have a right to sunlight? How do we assert those rights? Murray Rothbard provides some answers. Original Article: "How Should We Regulate the Sun (Since Our Government Regulates Nearly Everything Else)?"
Jul 14, 2023 • 0:00
Banks Create Money out of Thin Air. What Could Possibly Go Wrong?
How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out. Original Article: "Banks Create Money out of Thin Air. What Could Possibly Go Wrong?"
Jul 13, 2023 • 0:00
Is the Banking Crisis Being Orchestrated?
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident. Original Article: "Is the Banking Crisis Being Orchestrated?"
Jul 12, 2023 • 0:00
Misreading Mill
Patrick Deneen writes that the nonaggression principle promotes a liberalism that is harmful to society, as evidenced by John Stuart Mill's idea of the tyranny of public opinion. Original Article: "Misreading Mill"
Jul 10, 2023 • 0:00
The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World
It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy. Original Article: "The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World"
Jul 10, 2023 • 0:00
The Argentinian Zombie Currency
Argentina is one of the world's poster children for hyperinflation. Unfortunately, monetary reforms aren't working because the authorities are not serious about having a sound currency. Original Article: "The Argentinian Zombie Currency"
Jul 10, 2023 • 0:00
Wall Street to the Fed: Inflation Is Over. Give Us More Easy Money!
The problem here not that the central bank is "setting" the "wrong" interest rate. The problem is the Fed has long been relentlessly forcing down interest rates to satisfy various politically determined "needs." Original Article: "Wall Street to the Fed: Inflation Is Over. Give Us More Easy Money!"
Jul 9, 2023 • 0:00
Call Rent Control What It Really Is: Theft
Rent control is all the rage with progressives, with several states and localities trying to impose it. However, when people have their property effectively—and legally—stolen, there are long-term consequences. Original Article: "Call Rent Control What It Really Is: Theft"
Jul 8, 2023 • 0:00
How "Squatter Democracy" Created America's First Welfare Program
After 1820, growing numbers of propertyless squatters were voters, and this was an opportunity for politicians to offer cheap land in exchange for loyalty to the Democratic Party. Original Article: "How "Squatter Democracy" Created America's First Welfare Program"
Jul 8, 2023 • 0:00
The GDPR Paradox: Empowering Government in the Name of Data Protection
The European Union’s General Data Protection Regulation supposedly protects people from government data abuse. In reality, it empowers governments. Original Article: "The GDPR Paradox: Empowering Government in the Name of Data Protection"
Jul 7, 2023 • 0:00
Socialists Should Support Government Default: Their Forebears Certainly Did
Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed. Original Article: "Socialists Should Support Government Default: Their Forebears Certainly Did"
Jul 7, 2023 • 0:00
Current Socialists Should Support Government Default: Their Forebears Certainly Did
Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed. Original Article: "Current Socialists Should Support Government Default: Their Forebears Certainly Did"
Jul 7, 2023 • 0:00
Licensing Laws Deepen South Africa's Electricity Crisis
South Africa is suffering from rolling blackouts and other power outages. These could be avoided if the government would permit competition in electricity markets. Original Article: "Licensing Laws Deepen South Africa's Electricity Crisis"
Jul 6, 2023 • 0:00
Demonizing Men with False Data on Sexual Abuse
In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false. Original Article: "Demonizing Men with False Data on Sexual Abuse"
Jul 5, 2023 • 0:00
Do Boycotts Really Work? Another Look at the Bud Light Situation
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that. Original Article: "Do Boycotts Really Work? Another Look at the Bud Light Situation"
Jul 4, 2023 • 0:00
Default by Inflation Is the Real Drama in the Global Debt Market
While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation. Original Article: "Default by Inflation Is the Real Drama in the Global Debt Market"
Jul 3, 2023 • 0:00
Fossil Fuels Enable Us to Better Fight Fires and Other Environmental Disasters
The latest round of wildfires in Canada has brought out the usual statist demands that we ban fossil fuels, but in the real world fossil fuels protect people from climate-related disasters. Original Article: "Fossil Fuels Enable Us to Better Fight Fires and Other Environmental Disasters"
Jun 30, 2023 • 0:00
Leviathan Is on the Menu
The State of California, unable to unionize fast food workers, now is trying to create workers councils that will set labor policies for fast food restaurants. This will not end well.Original Article: "Leviathan Is on the Menu"
Jun 30, 2023 • 0:00
The FTC Should Answer Its Call of Duty to Gamers
The Federal Trade Commission is heavily scrutinizing the proposed merger between Microsoft and Activism. Why? Sony is against it, demonstrating that antitrust law is about protecting favored producers, not consumers. Original Article: "The FTC Should Answer Its Call of Duty to Gamers"
Jun 29, 2023 • 0:00
It’s Raining Entrepreneurship at a Taylor Swift Concert
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars. Original Article: "It’s Raining Entrepreneurship at a Taylor Swift Concert"
Jun 28, 2023 • 0:00
David French Gets to Sit with the Cool Kids at the NYT Lunch Table
New York Times columnist David French likes to think of himself as an honest broker. In reality, his "Never Trump" mentality leads him to overlook government lawbreaking. Original Article: "David French Gets to Sit with the Cool Kids at the NYT Lunch Table"
Jun 28, 2023 • 0:00
You Can’t Depend on the State to Maintain Public Order
Crime is increasing in American cities, but don't count on police to protect you. The Defund the Police movement has less to do with that than most people think. Original Article: "You Can’t Depend on the State to Maintain Public Order"
Jun 27, 2023 • 0:00
A Great Man Cannot Salvage a Bad Idea
Einstein might have been one of history's most brilliant men, but even his great mind could not have made socialism work. Unfortunately, he wasn't smart enough to see that. Original Article: "A Great Man Cannot Salvage a Bad Idea"
Jun 27, 2023 • 0:00
Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs
In 2023, self-employment has collapsed again with year-over-year self-employment growth dropping by 6.5 percent. That's the largest drop since December 2007, when the Great Recession officially began. Original Article: "Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs"
Jun 26, 2023 • 0:00
Why Barbados Advanced Economically While Jamaica's Growth Lagged
Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly. Original Article: "Why Barbados Advanced Economically While Jamaica's Growth Lagged"
Jun 23, 2023 • 0:00
To Avarice No Sanction
What many people call government generosity Leonard Read called avarice. Original Article: "To Avarice No Sanction"
Jun 22, 2023 • 0:00
China Calls Out the USA for Instigating the Infamous Color Revolutions
As geopolitical tensions rise, the Chinese political leadership tells the US government to desist pushing its "color revolutions." Original Article: "China Calls Out the USA for Instigating the Infamous Color Revolutions"
Jun 22, 2023 • 0:00
Sound Money Is Required for Real Budget Discipline
The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal. Without sound money, however, the borrowing and spending regime will collapse sooner or later. Original Article: "Sound Money Is Required for Real Budget Discipline"
Jun 21, 2023 • 0:00
How Capitalism Redefined Masculine Virtue
In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. Original Article: "How Capitalism Redefined Masculine Virtue"
Jun 21, 2023 • 0:00
Technology Is Meaningless without Entrepreneurship
While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology. Original Article: "Technology Is Meaningless without Entrepreneurship"
Jun 20, 2023 • 0:00
US Trade Deficits Are Growing Larger. Or Are They?
US trade deficits seem to be expanding, placing pressure on the dollar. However, central banks around the world are just as irresponsible as the Fed, masking the relative devaluation of US money. Original Article: "US Trade Deficits Are Growing Larger. Or Are They?"
Jun 20, 2023 • 0:00
The Market Process Is Not a Knowledge Problem
While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation. Original Article: "The Market Process Is Not a Knowledge Problem"
Jun 19, 2023 • 0:00
Rise of the Effete Authoritarians
Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass. Original Article: "Rise of the Effete Authoritarians"
Jun 19, 2023 • 0:00
Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws
Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws. Original Article: "Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws"
Jun 18, 2023 • 0:00
Opposing Critical Race Theory Doesn't Make You a "White Supremacist"
Much of critical race theory and “antiracism” is aimed at pulling people apart, not bringing them together. To oppose such theories and practices is not racist in itself. Original Article: "Opposing Critical Race Theory Doesn't Make You a 'White Supremacist'"
Jun 17, 2023 • 0:00
Coto Mixto: Anarchy in Galicia
People commonly believe that a society without central political authority will dissolve into chaos. But a small kingdom within Spain existed peacefully for seven hundred years under what we would call anarchy. Original Article: "Coto Mixto: Anarchy in Galicia"
Jun 17, 2023 • 0:00
Smarter Talk Is Smarter Action
Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself. Original Article: "Smarter Talk Is Smarter Action"
Jun 16, 2023 • 0:00
Can We Understand AI? A Response to Jordan Peterson’s Podcast
All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception. Original Article: "Can We Understand AI? A Response to Jordan Peterson’s Podcast"
Jun 15, 2023 • 0:00
The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity
During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics. Original Article: "The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity"
Jun 15, 2023 • 0:00
Republicans Fail on the Debt Ceiling in 2023
Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same. Original Article: "Republicans Fail on the Debt Ceiling in 2023"
Jun 15, 2023 • 0:00
Edmund Phelps on Egalitarianism
The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today's "woke" egalitarians. Original Article: "Edmund Phelps on Egalitarianism"
Jun 14, 2023 • 0:00
The Republican Debt-Ceiling "Deal" Is Exactly What We Expected
Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending. Original Article: "The Republican Debt-Ceiling "Deal" Is Exactly What We Expected"
Jun 14, 2023 • 0:00
Don’t Get on the Nationalist Bus
Like so many others in the "national greatness" movement, Christopher Buskirk understands some of the problems the country faces but fails to grasp the solutions. Original Article: "Don’t Get on the Nationalist Bus"
Jun 13, 2023 • 0:00
Taxation as a Weapon against Prosperity
The current regime wants to use taxation not simply as a means to collect revenue for the government, but as a weapon against economic prosperity itself. Original Article: "Taxation as a Weapon against Prosperity"
Jun 13, 2023 • 0:00
The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money
As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come. Original Article: "The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money"
Jun 12, 2023 • 0:00
Review: Orwell's <em>The Road to Wigan Pier</em>
While George Orwell wrote magnificently against totalitarianism, his attempt to defend socialism in The Road to Wigan Pier stumbled badly. Original Article: "Review: Orwell's The Road to Wigan Pier"
Jun 12, 2023 • 0:00
Individualism in the US Has Helped Make It an Economic Success
Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success? Original Article: "Individualism in the US Has Helped Make It an Economic Success"
Jun 11, 2023 • 0:00
Higher Corporate Profit Margins Aren't Causing Inflation
The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation. Original Article: "Higher Corporate Profit Margins Aren't Causing Inflation"
Jun 10, 2023 • 0:00
“Trans Rights” Means Trans Entitlements and the End of Civil Society
The trans rights movement has quickly moved into government coercion and outright violence. There is nothing libertarian about what is happening in this movement today. Original Article: "“Trans Rights” Means Trans Entitlements and the End of Civil Society"
Jun 10, 2023 • 0:00
Can We Protect Ourselves from Inflation?
Despite all of the inflation-fighting talk from the Fed, the truth is that the government benefits from inflating the currency. We need to know how to defend ourselves. Original Article: "Can We Protect Ourselves from Inflation?"
Jun 9, 2023 • 0:00
The Boston Brahmins, WASPs, and Nazis: The Pursuit of Eugenics
Modern progressives don't like to refer to their long-held support of eugenics. In fact, American progressives influenced the Nazis, who launched their own murderous eugenics schemes. Original Article: "The Boston Brahmins, WASPs, and Nazis: The Pursuit of Eugenics"
Jun 9, 2023 • 0:00
There Is No Moral Right to Strike
American law protects what is called the "right to strike." However, Leonard Read found no moral code that permits such action. Original Article: "There Is No Moral Right to Strike"
Jun 8, 2023 • 0:00
The Woke Cartel and Twitter's New CEO
With the appointment of Linda Yaccarino as Twitter's new CEO, Elon Musk is trying to appease woke advertisers to bring up his company's revenues. This will not end well. Original Article: "The Woke Cartel and Twitter's New CEO"
Jun 8, 2023 • 0:00
The Drug War: An Irrational Crusade
The drug war of the last half century has incarcerated millions and created havoc. What it hasn't done is eliminate people using drugs without government permission. Original Article: "The Drug War: An Irrational Crusade"
Jun 7, 2023 • 0:00
Committing Domestic Violence against Men . . . Just for a Giggle
Domestic violence is a stain on society, but it is worse if we only care about violence committed against people of one sex. Original Article: "Committing Domestic Violence against Men . . . Just for a Giggle"
Jun 7, 2023 • 0:00
Thanks to Sanctions, the US Is Losing Its Grip on the Middle East
While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade. Original Article: "Thanks to Sanctions, the US Is Losing Its Grip on the Middle East"
Jun 6, 2023 • 0:00
Living by a Premise
More than forty years ago, Leonard Read urged graduates of Hillsdale College to find a premise, a belief in a universal idea of liberty. Original Article: "Living by a Premise"
Jun 6, 2023 • 0:00
End the FBI
The Durham report reminds us it is well past time for a more realistic assessment of the FBI for what it is: a costly, unnecessary, unconstitutional, and incompetent agency. Original Article: "End the FBI"
Jun 5, 2023 • 0:00
Energy and Economic Efficiency: The Market versus the Politicization of Our Energy Futures
Radical environmentalists have convinced people that we are doomed if we continue to use fossil fuels. We are doomed if we stop using them. Original Article: "Energy and Economic Efficiency: The Market versus the Politicization of Our Energy Futures"
Jun 5, 2023 • 0:00
The Five Stages of Bank Failure Grief
We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we are in the second stage: anger. Original Article: "The Five Stages of Bank Failure Grief"
Jun 4, 2023 • 0:00
Crowding Out: The Fed May Be Killing the Private Sector to Save the Government
A "soft landing" is impossible unless the government cuts both taxes and government spending at the same time interest rates are rising. This won't happen, so get ready for a hard landing. Original Article: "Crowding Out: The Fed May Be Killing the Private Sector to Save the Government"
Jun 3, 2023 • 0:00
Bank of England Economist: Britons Need to Accept That They’re Poorer
Although the Bank of England is largely responsible for inflation in the UK, its leaders blame British consumers and workers for the price increases. Original Article: "Bank of England Economist: Britons Need to Accept That They’re Poorer"
Jun 3, 2023 • 0:00
There's No Place like Noam
Noam Chomsky's latest offering—a series of interviews—presents the best (and worst) of one of America's premier public intellectuals. Original Article: "There's No Place like Noam"
Jun 2, 2023 • 0:00
Banks Are Lending Less Money, and That's a Formula for Recession
A new Fed survey shows that banks are cutting back on lending big time. Over the past thirty-five years, this almost always predicts recession. Our economy can't survive without endless new infusions of easy money. Original Article: "Banks Are Lending Less Money, and That's a Formula for Recession"
Jun 2, 2023 • 0:00
Government Redistribution Is the REAL Trickle-Down Economics
President Biden recently claimed that "trickle-down economics" doesn't work but transferring wealth from taxpayers to politically connected people is the real trickle-down economics. Original Article: "Government Redistribution Is the REAL Trickle-Down Economics"
Jun 1, 2023 • 0:00
The "Buy Black" Movement: Divisive or a Boon to Black Entrepreneurs?
Calls for black consumers to "Buy Black" can be interpreted as socially divisive, but they are also a way to encourage black entrepreneurs in a free market. Original Article: "The "Buy Black" Movement: Divisive or a Boon to Black Entrepreneurs?"
Jun 1, 2023 • 0:00
Understanding Relationships between Money Supply and Liquidity
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier. Original Article: "Understanding Relationships between Money Supply and Liquidity"
May 31, 2023 • 0:00
The Putrid Underbelly of Woke Capitalism
American corporations are lavishing billions of dollars on leftist groups in the name of "equity." But many of them also are donating to even more questionable people and causes. Original Article: "The Putrid Underbelly of Woke Capitalism"
May 31, 2023 • 0:00
The Failure of Public Works and Public Funding
Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources. Original Article: "The Failure of Public Works and Public Funding"
May 30, 2023 • 0:00
Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics
The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished. Original Article: "Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics"
May 30, 2023 • 0:00
In the Event of an Official US Bankruptcy
Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go? Original Article: "In the Event of an Official US Bankruptcy"
May 29, 2023 • 0:00
Taxing Capital Leads to Capital Consumption
Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption. Original Article: "Taxing Capital Leads to Capital Consumption"
May 29, 2023 • 0:00
The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression
With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression. Original Article: "The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression"
May 28, 2023 • 0:00
Finance Discovers Sting: "How Fragile We Are"
Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise. Original Article: "Finance Discovers Sting: "How Fragile We Are""
May 27, 2023 • 0:00
Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create
Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created. Original Article: "Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create"
May 27, 2023 • 0:00
Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented
In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment. Original Article: "Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented"
May 26, 2023 • 0:00
Is There an Optimum Growth Rate of Money?
Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate. Original Article: "Is There an Optimum Growth Rate of Money?"
May 26, 2023 • 0:00
Socialism, Minority Groups, and Personal Liberties
People from socially and economically marginized groups in the USA tend to support socialism. Yet socialists have a long and bloody history of suppressing these very groups. Original Article: "Socialism, Minority Groups, and Personal Liberties"
May 25, 2023 • 0:00
Comprehensive Reform versus Piecemeal Reform
Should political reform be the result of a much-discussed comprehensive plan? Or should it come about through decentralized decision-making that deals with the situations at hand? Original Article: "Comprehensive Reform versus Piecemeal Reform"
May 25, 2023 • 0:00
Did Tucker's Last Major Guest Lead to His Firing?
Tucker Carlson has rankled the ruling elites for many years. But was his interview with Robert Kennedy Jr. a bridge too far? Original Article: "Did Tucker's Last Major Guest Lead to His Firing?"
May 24, 2023 • 0:00
The Fed Is Overindebted, Isn’t It?
By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning. Original Article: "The Fed Is Overindebted, Isn’t It?"
May 24, 2023 • 0:00
Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not
While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies. Original Article: "Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not"
May 23, 2023 • 0:00
Argentina Sleepwalks into Hyperinflation (Yet Again)
A century ago, Argentina was one of the world's wealthiest nations and the Argentine peso rivaled the dollar. Today, Argentina is famous for periodic hyperinflation. Original Article: "Argentina Sleepwalks into Hyperinflation (Yet Again)"
May 23, 2023 • 0:00
Washington Has No Moral Authority to Ban Guns
Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example. Original Article: "Washington Has No Moral Authority to Ban Guns"
May 22, 2023 • 0:00
Shedding Light on the Law of Unintended Consequences
It is the right of the consumer, not the regime, to determine what lighting sources work best for them. Original Article: "Shedding Light on the Law of Unintended Consequences"
May 22, 2023 • 0:00
Is Social Justice Just? A Review
Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end? Original Article: "Is Social Justice Just? A Review"
May 21, 2023 • 0:00
The Dominion Lawsuit against Fox News Is Part of the War against Free Speech
Taxpayer-funded company Dominion is suing private parties for saying things the company doesn't like. These lawsuits illustrate how defamation laws can be used to destroy free speech. Original Article: "The Dominion Lawsuit against Fox News Is Part of the War against Free Speech"
May 20, 2023 • 0:00
Will a New BRICS Currency Change Anything? Maybe
As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge. Original Article: "Will a New BRICS Currency Change Anything? Maybe"
May 20, 2023 • 0:00
You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists
Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force. Original Article: "You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists"
May 19, 2023 • 0:00
Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion
Mises had hoped that democracy would lead to free societies after World War II ended. He did not foresee the illiberal turn in the West in the last decade. Original Article: "Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion"
May 19, 2023 • 0:00
How the Dollar Became the World's Top Global Currency
The dollar became the dominant global currency not so much because of its own merits, but because of the self-destruction of the pound sterling caused by the British state and central bank. Original Article: "How the Dollar Became the World's Top Global Currency"
May 18, 2023 • 0:00
How Greening the Economy Will Destroy America
We’re supposed to go along with Green Energy schemes—as we did with masks, school lockdowns, and vaccinations to stop covid—because our government, media, and “public interest” groups insist that we “follow the science.” Original Article: "How Greening the Economy Will Destroy America"
May 18, 2023 • 0:00
Does GDP Present an Accurate Picture of the Economy? Not Likely
The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors. Original Article: "Does GDP Present an Accurate Picture of the Economy? Not Likely"
May 17, 2023 • 0:00
Paying the Piper: Time to Clean Up the Latest Malinvestments
Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets. Original Article: "Paying the Piper: Time to Clean Up the Latest Malinvestments"
May 17, 2023 • 0:00
How to Teach Austrian Economics to the Neighbor Kids
Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe. Original Article: "How to Teach Austrian Economics to the Neighbor Kids"
May 16, 2023 • 0:00
Historical Effects of the Transatlantic Slave Trade
While the horrors of the transatlantic slave trade have been well documented, people other than slave traders and slaveholders benefitted from it, with some surprising results. Original Article: "Historical Effects of the Transatlantic Slave Trade"
May 16, 2023 • 0:00
Due Process or Transgender Protection on Campus?
President Biden's executive order to promote transgenderism on college campuses eviscerates long-held due process protections for accused students. This will not end well. Original Article: "Due Process or Transgender Protection on Campus?"
May 14, 2023 • 0:00
Charles Schwab and Other Big Banks May Be Secretly Insolvent
While the Fed and the Biden administration try to assure Americans that their banks are safe and secure, the numbers tell a different story. Original Article: "Charles Schwab and Other Big Banks May Be Secretly Insolvent"
May 14, 2023 • 0:00
Prices, Food, Employment: AI and Robotics Are for Regular Folks, Not Just the Elite
While politicians, media mavens, and the academic elite spread fear about artificial intelligence, AI is helping make life better for ordinary consumers. Original Article: "Prices, Food, Employment: AI and Robotics Are for Regular Folks, Not Just the Elite"
May 11, 2023 • 0:00
Rothbard Was Right: Wars Don't Enhance Freedom. They Destroy Liberty.
We hear ad nauseum from political and media elites that the war in Ukraine is about preserving "our freedoms." Murray Rothbard had something to say about this sophistry. Original Article: "Rothbard Was Right: Wars Don't Enhance Freedom. They Destroy Liberty."
May 11, 2023 • 0:00
Canada’s Housing Boom Was a Bubble. Now Comes the Bust
Like the USA, Canada has had a central bank–fueled housing boom. Like all other booms, it also has an inevitable ending. Original Article: "Canada’s Housing Boom Was a Bubble. Now Comes the Bust"
May 11, 2023 • 0:00
Neither Red nor Blue, but Free
The real issue we face is not whether we should be in the red tribe or the blue tribe, but rather what will be the constituency for freedom. Original Article: "Neither Red nor Blue, but Free"
May 11, 2023 • 0:00
ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy
In their attempts to remake the economy, progressive elites are pushing ESG. What they forget is that the economy runs on real things, not ideology. Original Article: "ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy"
May 11, 2023 • 0:00
Canada’s Legal Counterfeiting Ring Is a Product of Progressive Democracy
Canada created its central bank during the Great Depression, ostensibly to stabilize the currency and protect the banking system. Today, that system is falling apart, thanks to inflationary central bank policies. Original Article: "Canada’s Legal Counterfeiting Ring Is a Product of Progressive Democracy"
May 9, 2023 • 0:00
Should Local Municipalities Default on Their Debts? Seems Like a Good Idea
While most free market advocates are fixated on the national debt, they also should be looking at municipal debt over which taxpayers have no say. Maybe default is the answer. Original Article: "Should Local Municipalities Default on Their Debts? Seems Like a Good Idea"
May 9, 2023 • 0:00
The Ukraine War Isn't about Democracy. It's about States Seeking More Power.
The fight between Russia and NATO is not about "democracy versus authoritarianism." Rather both the US and Russian states are doubling down because they are doing what states do: seeking power. Original Article: "The Ukraine War Isn't about Democracy. It's about States Seeking More Power."
May 9, 2023 • 0:00
Government Budget Deficits Cannot Stimulate True Economic Growth
A central tenet of Keynesian economics is that governments must run budget deficits to stimulate economic growth. But government spending actually shrinks the economy. Original Article: "Government Budget Deficits Cannot Stimulate True Economic Growth"
May 9, 2023 • 0:00
Disinformation and the State: The Aptly Named RESTRICT Act
Federal laws with acronyms are usually bad news. (Think the USA PATRIOT Act.) The RESTRICT Act is yet another Orwellian proposal in which the federal government assumes ignorance is strength. Original Article: "Disinformation and the State: The Aptly Named RESTRICT Act"
May 5, 2023 • 0:00
Prevent Future Losses Like East Palestine by Reducing Regulation and Empowering Torts
To prevent rail accidents like the one in East Palestine, dial back government regulation and allow the tort system to work. Original Article: "Prevent Future Losses Like East Palestine by Reducing Regulation and Empowering Torts"
May 5, 2023 • 0:00
The Income Tax: Lessons from the Sixteenth Amendment
The passage of an income tax in the early twentieth century was an enormous shift toward a far more centralized and powerful US state. Original Article: "The Income Tax: Lessons from the Sixteenth Amendment"
May 5, 2023 • 0:00
A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises
The current banking crises have deep roots in US financial history. Monetary authorities have engaged in inflationary behavior for more than a hundred years. Original Article: "A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises"
May 5, 2023 • 0:00
Lincoln's Main Target Was "Anarchy" and Secession, Not Slavery
Once the Southern states accepted the Thirteenth Amendment, Lincoln was entirely content for the old Southern elites to resume their positions of power and for many blacks to continue in a condition little better than bondage. Original Article: "Lincoln's Main Target Was "Anarchy" and Secession, Not Slavery"
May 5, 2023 • 0:00
Austrian Economists and Empiricism
Austrian economics is defined by its adherence to the a priori methodology, not empiricism. That places it at odds with mainstream economics, which stresses the methodology of positivism. Original Article: "Austrian Economists and Empiricism"
May 5, 2023 • 0:00
The Economics of Arts and Culture
Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory. Original Article: "The Economics of Arts and Culture"
May 5, 2023 • 0:00
The Ruling Classes Are Inflation Deniers and the Ship of Fools Sails On
Even after two years of "transitory" inflation, America's ruling classes insist that prices are falling and that all of this is temporary. We don't believe them. Original Article: "The Ruling Classes Are Inflation Deniers and the Ship of Fools Sails On"
May 5, 2023 • 0:00
Are Libertarians Abandoning Free Trade?
A bedrock of Austrian economics and libertarianism has been free trade. Unfortunately, some people who claim to value liberty no longer value unhampered exchange. Original Article: "Are Libertarians Abandoning Free Trade?"
May 5, 2023 • 0:00
Arbitrary Use of Power: Punishing Those Who Expose Not-So-Secret Government Secrets
Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying. Original Article: "Arbitrary Use of Power: Punishing Those Who Expose Not-So-Secret Government Secrets"
May 2, 2023 • 0:00
Waco 30 Years Later: It Is Not an Atrocity if the Feds Do It
Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then. Original Article: "Waco 30 Years Later: It Is Not an Atrocity if the Feds Do It"
May 2, 2023 • 0:00
From Discipline to No Discipline: The Sorry Evolution of Modern Banking
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world. Original Article: "From Discipline to No Discipline: The Sorry Evolution of Modern Banking"
May 2, 2023 • 0:00
The Failure of the Federal Reserve: The Covid Boom and Unnecessary Intervention
After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat. Original Article: "The Failure of the Federal Reserve: The Covid Boom and Unnecessary Intervention"
May 2, 2023 • 0:00
Why Do Most Countries Have Their Own Currency? Governments Wanted It That Way.
Even when currency is backed by gold, governments have many political reasons to pursue national, territorial currencies. Now there are hundreds of national currencies. It didn't have to be this way. Original Article: "Why Do Most Countries Have Their Own Currency? Governments Wanted It That Way."
Apr 29, 2023 • 0:00
How the Woke Left Is Destroying Education
Adherents of leftist dogma increasingly push the notion that teachers should be permitted to distract, confuse, or influence their students by discussing their personal beliefs, ideas, and private activities and choices in the classroom. Original Article: "How the Woke Left Is Destroying Education"
Apr 29, 2023 • 0:00
Presidents Are Legally Immune for Their Most Dangerous Crimes
Donald Trump legally pays hush money and prosecutors try to fashion a crime from it. However, if a president lies and thousands of people die, it is called foreign policy. Original Article: "Presidents Are Legally Immune for Their Most Dangerous Crimes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 29, 2023 • 0:00
Endangering Washington's Divine Right to Deceive
Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely. Original Article: "Endangering Washington's Divine Right to Deceive"
Apr 29, 2023 • 0:00
It Hurts to Pay for Strained China-USA Relations
American politicians are beating war drums. They forget that bad relations are costly in many ways. Original Article: "It Hurts to Pay for Strained China-USA Relations"
Apr 27, 2023 • 0:00
Why Do Banks Still Fail?
Despite all of the supposed safeguards to prevent bank failures, banks still fail. Perhaps the so-called safeguards are causing much of the trouble. Original Article: "Why Do Banks Still Fail?"
Apr 27, 2023 • 0:00
Do We Need a "National Divorce"? It's Not a New Idea
We are hearing calls both from right and left for an amicable national divorce. In truth, the states were never "hitched" in the first place, at least not by any plausible definition of marriage. Original Article: "Do We Need a "National Divorce"? It's Not a New Idea" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 27, 2023 • 0:00
No, the Financial Crisis Is Not Over
As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot. Original Article: "No, the Financial Crisis Is Not Over" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 27, 2023 • 0:00
Equality Requires State Violence
Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there? Original Article: "Equality Requires State Violence"
Apr 27, 2023 • 0:00
It’s Not Paranoid to Worry about a Central Bank Digital Currency
Contrary to Krugman, DeSantis and others warning about a CBDC aren’t being paranoid: they are simply drawing the obvious conclusions from history. Original Article: "It’s Not Paranoid to Worry about a Central Bank Digital Currency"
Apr 25, 2023 • 0:00
How Australia and New Zealand Helped Provoke and Escalate the First World War
Most Western historians claim that World War I came about because of aggression from Germany and Austria-Hungary. However, Great Britain and its ANZAC allies were not innocent bystanders. Original Article: "How Australia and New Zealand Helped Provoke and Escalate the First World War"
Apr 25, 2023 • 0:00
Why the Dollar Still Beats the Euro and the Yuan
Understanding what turns an ordinary currency into a global reserve currency can help us understand how the dollar could go into decline and give way to competing currencies. Original Article: "Why the Dollar Still Beats the Euro and the Yuan"
Apr 25, 2023 • 0:00
Low Rates of Military Enlistment May Portend Prosperity Ahead
Low rates of military reenlistment in the USA are spun as a near crisis. Perhaps this situation should make us more optimistic about our future. Original Article: "Low Rates of Military Enlistment May Portend Prosperity Ahead"
Apr 25, 2023 • 0:00
Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear
The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal. Original Article: "Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 23, 2023 • 0:00
Boeing 737 MAX Disasters' Root Cause Was Government Regulation
When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else. Original Article: "Boeing 737 MAX Disasters' Root Cause Was Government Regulation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 23, 2023 • 0:00
Invading Mexico in the Name of the Drug War Is a Really Bad Idea
Sen. Lindsey Graham recently called for US military intervention in Mexico to fight the drug cartels. Someone needs to remind him that Mexico is a sovereign country. Original Article: "Invading Mexico in the Name of the Drug War Is a Really Bad Idea"
Apr 23, 2023 • 0:00
Role Reversal: The Collapse of the Dollar-Enforced Empire
A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country. Original Article: "Role Reversal: The Collapse of the Dollar-Enforced Empire" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 23, 2023 • 0:00
Biden's Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations
President Biden pushes a wealth tax as a measure of "fairness." Not only is it unconstitutional, but it's also bad for the economy. Original Article: "Biden's Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 20, 2023 • 0:00
Marxists Have a Plan for Housing: Make Sure There Is Less Available
As governments create a housing crisis, Marxists call for policies that will make the crisis worse. Original Article: "Marxists Have a Plan for Housing: Make Sure There Is Less Available" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 20, 2023 • 0:00
If at First You Don't Secede . . .
David Gordon explores how Abraham Lincoln's stated view on secession was fundamentally Hobbesian, cynical, and violent. Original Article: "If at First You Don't Secede . . ."
Apr 20, 2023 • 0:00
The RESTRICT Act Launches a New War on Free Speech
The bipartisan RESTRICT Act—marketed as a "Tik Tok ban"—is properly named because it will restrict freedom, empower the state, and expand government surveillance. Original Article: "The RESTRICT Act Launches a New War on Free Speech" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 20, 2023 • 0:00
Who Are the Wealth Destroyers, Politicians or Billionaires?
Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it. Original Article: "Who Are the Wealth Destroyers, Politicians or Billionaires?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 20, 2023 • 0:00
What Will Our Energy Future Be? A Few Ideas
With the government foolishly handicapping the oil and gas industries and pushing other alternatives, the future is not very bright.. Original Article: "What Will Our Energy Future Be? A Few Ideas" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 18, 2023 • 0:00
Why the Regime Needs the Dollar to Be the Global Reserve Currency
Even a partial weakening of the dollar's global demand will limit the US regime's ability to throw its weight around internationally. Yet Washington is unwilling to do what's necessary to prevent it. Original Article: "Why the Regime Needs the Dollar to Be the Global Reserve Currency" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 18, 2023 • 0:00
Cancel Culture: The Digital Panopticon
Like Bentham's panopticon, modern cancel culture is built upon fear and online bullying, making people police their own thoughts. Original Article: "Cancel Culture: The Digital Panopticon" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 18, 2023 • 0:00
With the Trump Indictment, America Is a Step Closer to Being a Banana Republic
Democratic politicians and supporters are cheering the Trump indictment, but the entire process has been so politicized that its legitimacy is easily called into question. Original Article: "With the Trump Indictment, America Is a Step Closer to Being a Banana Republic" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 17, 2023 • 0:00
Canada's Impotent Justice System Is the Product of Dysfunctional Canadian Democracy
Violent crime is on the rise in Canada, and its progressive democracy is helpless to stop it. Further empowerment of the state makes things worse. Original Article: "Canada's Impotent Justice System Is the Product of Dysfunctional Canadian Democracy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 17, 2023 • 0:00
Is It Real Money or Just Artifice?
Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value. Original Article: "Is It Real Money or Just Artifice?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 4, 2023 • 0:00
Central Banks Are Creating the Return of Mugabenomics
Robert Mugabe, once president for life of Zimbabwe, became infamous for hyperinflation and political repression. Today, he is becoming the patron saint of central banking. Original Article: "Central Banks Are Creating the Return of Mugabenomics" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 4, 2023 • 0:00
Politics Is Turning Us into Idiots
From race to gender to nearly everything else, decisions about what is correct or incorrect are made according to politics. This is a recipe for social destruction. Original Article: "Politics Is Turning Us into Idiots" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 4, 2023 • 0:00
Credit Suisse Collapsed Because of Government Intervention, Not Despite It
The standard narrative around current bank failures is that they occur because of a lack of regulation. Credit Suisse was heavily-regulated; that was the problem. Original Article: "Credit Suisse Collapsed Because of Government Intervention, Not Despite It" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 4, 2023 • 0:00
Wisdom from a Yenta
Philosopher Susan Neiman may be a leftist, but she recognizes the dangers of woke progressivism. Original Article: "Wisdom from a Yenta" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 4, 2023 • 0:00
Understanding the Difference between Praxeology and Psychology
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity. Original Article: "Understanding the Difference between Praxeology and Psychology" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 4, 2023 • 0:00
Bipartisanship Is Not a Substitute for Voluntary Exchange
Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly. Original Article: "Bipartisanship Is Not a Substitute for Voluntary Exchange" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 2, 2023 • 0:00
Why Most of the World Isn't on Board with the NATO-Russia War
Many governments support continuing the Ukraine war, but ordinary people in Europe, America, and the developing world fear the war will bring economic disaster. Original Article: "Why Most of the World Isn't on Board with the NATO-Russia War" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 2, 2023 • 0:00
Is the Fed Trying to Bail Out the World? Sure Looks Like It
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well. Original Article: "Is the Fed Trying to Bail Out the World? Sure Looks Like It" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 2, 2023 • 0:00
To Fight the State, Build Alternatives to the State
The challenge at hand is more than simply opposing the state. Rather, it is necessary to build up, reinforce, and sustain institutions that can offer alternatives to the state. Original Article: "To Fight the State, Build Alternatives to the State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 2, 2023 • 0:00
Democracy Created Canada’s Lethal Healthcare System
Canadian politicians tout their healthcare system as morally superior to private medicine. There is nothing moral about relegating thousands of people to death each year for lack of medical care. Original Article: "Democracy Created Canada’s Lethal Healthcare System" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
Did Colonialism Impoverish Africa and Asia? Perhaps Not
Decolonization is a popular academic and media buzzword. But is colonialism actually responsible for poverty in developing countries? This question deserves an honest answer. Original Article: "Did Colonialism Impoverish Africa and Asia? Perhaps Not" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
The Last Lie Government Will Ever Tell
Western governments seem to relish a clash with Russia, despite the specter of nuclear war. If so, it will be a conflict built on government lies. Original Article: "The Last Lie Government Will Ever Tell" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
How Politicians Use Regulations to Deflect Blame
Thanks to their adoring media, politicians create crises and then blame businesses for them. And the political "solutions" are worse than the original problems. Original Article: "How Politicians Use Regulations to Deflect Blame" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
Karl Marx Was Not an Economist
Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist. Original Article: "Karl Marx Was Not an Economist" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
Does Cost Cutting Undermine Economic Growth?
Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward. Original Article: "Does Cost Cutting Undermine Economic Growth?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
Why Fractional Reserve Banking Is behind Bank Failures
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation? Original Article: "Why Fractional Reserve Banking Is behind Bank Failures" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
No, We Don't Need More Nuclear Weapons
Advocates for more military spending tell us the taxpayer must pay to expand the US's nuclear arsenal. Because of China. In truth, the US's arsenal is in no danger of not "keeping up." Original Article: "No, We Don't Need More Nuclear Weapons" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
The Bank of England: Money Creation in Their Own Words
Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean. Original Article: "The Bank of England: Money Creation in Their Own Words" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
The Outbreak of World War I: A Libertarian Realist Rebuttal
One excuse that political elites give when they drag nations into war is that the conflict was "inevitable" or "unavoidable." Ralph Raico knew better. Original Article: "The Outbreak of World War I: A Libertarian Realist Rebuttal" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
Climate Activism: The Second Children’s Crusade
The "first" Children's Crusade of 1212 ended in tragedy for those taking part. The "second" crusade is not going to produce any happy endings, either. Original Article: "Climate Activism: The Second Children’s Crusade" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
American Dissident: The Legacy of Murray Rothbard
Murray Rothbard was an elite economist, historian, and avowed enemy of the state. His legacy lives on nearly three decades after his untimely passing. Original Article: "American Dissident: The Legacy of Murray Rothbard" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2023 • 0:00
The Fear of Mass Unemployment Due to Artificial Intelligence and Robotics Is Unfounded
Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now. Original Article: "The Fear of Mass Unemployment Due to Artificial Intelligence and Robotics Is Unfounded" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 23, 2023 • 0:00
Influencers and Subjective Value: They Have Something to Teach Us
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity. Original Article: "Influencers and Subjective Value: They Have Something to Teach Us" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 23, 2023 • 0:00
Reparations Are a Statist Cudgel for Bludgeoning Property Owners
San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket. Original Article: "Reparations Are a Statist Cudgel for Bludgeoning Property Owners" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 23, 2023 • 0:00
Nonmeasure for Nonmeasure
How do people in a pluralistic society live peacefully with each other? In his review of Kenneth McIntyre's book, David Gordon points to negative liberty as the best way to preserve values. Original Article: "Nonmeasure for Nonmeasure" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 23, 2023 • 0:00
Socialism Isn't about Creating Economies. It Is about Amassing Political Power
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal. Original Article: "Socialism Isn't about Creating Economies. It Is about Amassing Political Power" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 23, 2023 • 0:00
The Theory and Practice of Conspiracy
Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state. Original Article: "The Theory and Practice of Conspiracy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 21, 2023 • 0:00
Libertarian Law by Democratic Means: Utilitarianism and the Demythologization of Authority
Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism. Original Article: "Libertarian Law by Democratic Means: Utilitarianism and the Demythologization of Authority" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 21, 2023 • 0:00
Silicon Valley Bank and the Failure of Fractional Reserve Banking
The story of the failure of Silicon Valley Bank is the story of nearly every bank failure. Fractional reserve banking invites the risky behavior that brings down the banking system. Original Article: "Silicon Valley Bank and the Failure of Fractional Reserve Banking" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 21, 2023 • 0:00
Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again
Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street. Original Article: "Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 21, 2023 • 0:00
The Phillips Curve Is an Economic Fable
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory. Original Article: "The Phillips Curve Is an Economic Fable" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 19, 2023 • 0:00
Government Is as Government Does
If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend. Original Article: "Government Is as Government Does" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 19, 2023 • 0:00
Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.
The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook. Original Article: "Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It." This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 19, 2023 • 0:00
A Bank Crisis Was Predictable. Was the Fed Lying or Blind?
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime. Original Article: "A Bank Crisis Was Predictable. Was the Fed Lying or Blind?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 19, 2023 • 0:00
How Easy Money Killed Silicon Valley Bank
The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022. Original Article: "How Easy Money Killed Silicon Valley Bank" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2023 • 0:00
Yearning for Beauty in the Truth of Economic Thinking
Those adhering to Austrian Economic thinking see the beauty in concepts coming together and providing a way to truthfully assess human action. Original Article: "Yearning for Beauty in the Truth of Economic Thinking" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2023 • 0:00
Ready for Retirement? Fewer and Fewer Americans Are Saving for That Time
Because of inflation and a lack of a savings ethic, Americans are less prepared for retirement than ever. The numbers are discouraging. Original Article: "Ready for Retirement? Fewer and Fewer Americans Are Saving for That Time" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2023 • 0:00
The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall
The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor. Original Article: "The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2023 • 0:00
The Balfour Declaration
Teaching high schoolers economics means teaching Austrian principles. Original Article: "The Balfour Declaration" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2023 • 0:00
The Censored Generation
Never before have we seen an entire generation of young Americans being censored—and self-censoring—for making innocuous statements. This does not end well. Original Article: "The Censored Generation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
Are Large Hospitals the Problem with US Healthcare?
Two "distinguished" healthcare analysts have examined the medical system in the USA and conclude that the REAL problem is . . . large hospitals. Dale Steinreich applies economic analysis to their claims. Original Article: "Are Large Hospitals the Problem with US Healthcare?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
The "Meritocracy" Was Created by and for the Progressive Ruling Class
All of Al Gore's children went to Harvard. Are we really to believe that this is because the Gore kids had the most "merit"? The only real meritocracy is in the marketplace. Original Article: "The "Meritocracy" Was Created by and for the Progressive Ruling Class" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
A Permanent Wartime Economy
Resources are scarce even when money is not. Original Article: "A Permanent Wartime Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
We Are All Counterfeiters Now
Get beyond the PhDs running the Federal Reserve or the way people treat the Fed with deference. In the end, it is nothing but a legal counterfeiting ring. Original Article: "We Are All Counterfeiters Now" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
Why Biden's Spending Is Unsustainable
It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future. Original Article: "Why Biden's Spending Is Unsustainable" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a Thirty-Five-Year Low
With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we've seen in the past thirty-five years. Original Article: "Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a Thirty-Five-Year Low" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 12, 2023 • 0:00
Austrian Economics Stands against the Collectivism of Progressive Thought
Progressivism is collectivist, anti-individual, and ultimately destroys civilization itself. Austrian economics stands against this force. Original Article: "Austrian Economics Stands against the Collectivism of Progressive Thought" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 9, 2023 • 0:00
Biden's Executive Order on Equity: It Will Create Greater Inequality
President Biden's executive order to "strengthen equity" in the federal government is doomed to fail. It will create a lot of havoc in the meantime. Original Article: "Biden's Executive Order on Equity: It Will Create Greater Inequality" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 9, 2023 • 0:00
Readying the War State: Biden Recommits to Protectionism in the SOTU
President Biden's call for more protectionism isn't aimed improving the US economy. Instead, it is about creating a war-footing autarky. Original Article: "Readying the War State: Biden Recommits to Protectionism in the SOTU" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 9, 2023 • 0:00
One Year Later in Ukraine: Washington and NATO Got It Very Wrong
The foreign policy "elites" have been wrong about regime change, sanctions, "the lesson of Munich," a "rules-based order," and pretty much everything else. Original Article: "One Year Later in Ukraine: Washington and NATO Got It Very Wrong" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 9, 2023 • 0:00
Slavery in the Americas: Separating Fact from Fiction
There is no denying the awful history of slavery in the Western Hemisphere. However, to better understand its legacy, we must rely on truth, not myths. Original Article: "Slavery in the Americas: Separating Fact from Fiction" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 9, 2023 • 0:00
The Attack of the Subversive Elites
We can be sure that the "natural elites" of which Hans Hoppe wrote are not among the Davos crowd. That group of "elites" has an agenda, and it is not liberty and free markets. Original Article: "The Attack of the Subversive Elites" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 7, 2023 • 0:00
Saudi Arabia’s Quandary: The End of the Petrodollar
As the Biden administration continues to inflate the dollar, other nations are questioning the existence of the petrodollar. Original Article: "Saudi Arabia’s Quandary: The End of the Petrodollar" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 7, 2023 • 0:00
Secession Is Inevitable. War to Prevent It Is Optional.
The answer lies not in doubling down on political unity, maintained through endless violence or threats of violence. Rather, the answer lies in peaceful separation. Original Article: "Secession Is Inevitable. War to Prevent It Is Optional." This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 7, 2023 • 0:00
The Coming Recession Will Be a Global One
While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession. Original Article: "The Coming Recession Will Be a Global One" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 7, 2023 • 0:00
Making Nonsense from Sense: Debunking Neo-Calvinist Economic Thought
Neo-Calvinist economic thought claims that prices and private property cause scarcity. However, they provide no methodology for their claims. Original Article: "Making Nonsense from Sense: Debunking Neo-Calvinist Economic Thought" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 5, 2023 • 0:00
Is Democracy under Attack in Canada? No, but It Should Be
Canadian political, academic, and media elites "worry" that democracy in that country may be under attack. Actually, democracy works all too well there. Original Article: "Is Democracy under Attack in Canada? No, but It Should Be" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 5, 2023 • 0:00
Roald Dahl and James Bond Books Are Getting Woke Rewrites. Copyright Law Ensures You Can't Stop Them.
Thanks to copyright laws, the estate of Roald Dahl can not only rewrite his books, but can also essentially outlaw the old versions. Only books in the public domain are safe from this. Original Article: "Roald Dahl and James Bond Books Are Getting Woke Rewrites. Copyright Law Ensures You Can't Stop Them." This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 5, 2023 • 0:00
The New Racism of the Elect
In the name of "fighting racism," a number of writers and pundits are making social relationships between people of different races and ethnic groups more contentious. Original Article: "The New Racism of the Elect" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 5, 2023 • 0:00
Loss of Religious Belief Is a Greater Loss for a Civilized Society
Secularists cheer the decline of religion in Western societies, but that loss comes at a huge cost: the decline of civilization itself. Original Article: "Loss of Religious Belief Is a Greater Loss for a Civilized Society" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 2, 2023 • 0:00
Biden versus Bastiat
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes. Original Article: "Biden versus Bastiat" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 2, 2023 • 0:00
Artificial Intelligence Can Serve Entrepreneurs and Markets
In our technocratic age, it is easy to dismiss the latest technological developments as an avenue toward freedom, but some of them still bode well for markets. Original Article: "Artificial Intelligence Can Serve Entrepreneurs and Markets" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 2, 2023 • 0:00
Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?
Opponents of secession say secession is wrong if some people in the population don't want it and say they will be worse off. The American revolutionaries disagreed and seceded anyway. Original Article: "Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 2, 2023 • 0:00
China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market
It is easy to dismiss Chinese advancements in electric vehicles as the result of government subsidies, but private entrepreneurship also is playing a major role. Original Article: "China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 2, 2023 • 0:00
Poor People in Developing Countries Find Alternatives to Commercial Banking
People are innovative—if government doesn't get in the way. Entrepreneurs in developing countries find alternatives for people cut off from commercial banking services. Original Article: "Poor People in Developing Countries Find Alternatives to Commercial Banking" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 28, 2023 • 0:00
When the Private Sector Is the Enemy
Rest in peace, "technolibertarianism." There was a time when many believed tech entrepreneurs would usher in a new era of freedom. Unfortunately, the new tech elites are technocratic collaborators with the regime. Original Article: "When the Private Sector Is the Enemy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 28, 2023 • 0:00
Why You Should Fear "Bipartisan" Agreements in Congress
When we see real bipartisan action in Congress, it usually is for the worst. Original Article: "Why You Should Fear "Bipartisan" Agreements in Congress" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 28, 2023 • 0:00
Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions
At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money. Original Article: "Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 28, 2023 • 0:00
Saint Augustine, Proto-Austrian
One of the fundamental tenets of Austrian economics is the ordinal value scale. Augustine articulated the idea more than a thousand years before Carl Menger wrote his pathbreaking Principles of Economics. Original Article: "Saint Augustine, Proto-Austrian" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 26, 2023 • 0:00
Covid-19: Will the Political and Health Scandals Erupt into the Public Light?
Three years after the covid virus hit the world, we are just starting to take a hard look at the damage caused by the covid restrictions. The "experts" not only were wrong; they were scandalously wrong. Original Article: "Covid-19: Will the Political and Health Scandals Erupt into the Public Light?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 26, 2023 • 0:00
Remember the Alamo! Moses Rose's Last Stand
In the name of "economic development," San Antonio's government is seeking to seize a thriving business near the Alamo. Original Article: "Remember the Alamo! Moses Rose's Last Stand" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 26, 2023 • 0:00
Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates
In 1991, India's political leaders moved away from socialism, embracing markets and improving the economy. But Indian elites continue to push socialism to the detriment of the people. Original Article: "Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 26, 2023 • 0:00
Just Say No to the New Forever War
American and European political elites seem to be wanting the Russia-Ukraine war to be fought to the last Ukranian and have done nothing to bring peace. It's time for a change. Original Article: "Just Say No to the New Forever War" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 23, 2023 • 0:00
The Politicization of Procreation: The Ultimate in "the Personal Is Political"
Gloria Steinem declared, "The personal is political." Today, politics has reached into family life and even procreation itself, an unhappy trend for unhappy people. Original Article: "The Politicization of Procreation: The Ultimate in "the Personal Is Political"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 23, 2023 • 0:00
Why the 1787 Constitution Did Not Bring Republican Government to America
It's a myth that the "Founding Fathers" made America a republic in 1787. It was the state governments and their constitutions that did this. But the top-down myth glorifying the central government endures. Original Article: "Why the 1787 Constitution Did Not Bring Republican Government to America" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 23, 2023 • 0:00
Decorum Propels DC Deceit
The president's SOTU speech has become an annual presentation of a new set of White House lies. But official Washington believes it is worse to publicly boo false statements than to make them. Original Article: "Decorum Propels DC Deceit" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 23, 2023 • 0:00
Money versus Monetary Policy
Money is simple. The political program of monetary "policy" is not. Original Article: "Money versus Monetary Policy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 21, 2023 • 0:00
Why Libertarians Should Support the Multipolar World
Western intellectuals and their political allies are pushing relentlessly toward a unipolar world. Freedom lies in the multipolar direction. Original Article: "Why Libertarians Should Support the Multipolar World" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 21, 2023 • 0:00
Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High
We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse. Original Article: "Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 21, 2023 • 0:00
Will AI Learn to Become a Better Entrepreneur than You?
While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing. Original Article: "Will AI Learn to Become a Better Entrepreneur than You?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 21, 2023 • 0:00
The Forgotten Lessons of Government-Enforced Race Relations
Judge Andrew Napolitano looks at the history of government and race relations in our nation's history. It's not a pleasant or uplifting story. Original Article: "The Forgotten Lessons of Government-Enforced Race Relations" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 21, 2023 • 0:00
Does Government Create a "Level Playing Field" or Does It Make the Field More Uneven?
Anticapitalist politicians claim intervention can "level the playing field," but when we look closely, we realize that government itself creates the imbalances. Original Article: "Does Government Create a "Level Playing Field" or Does It Make the Field More Uneven?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 19, 2023 • 0:00
Yes, the US Government Has Defaulted Before
While the 1979 default was relatively small, the 1934 default affected millions of Americans who had bought Liberty Bonds mistakenly thinking the government would make good on its promises. Original Article: "Yes, the US Government Has Defaulted Before" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 19, 2023 • 0:00
How Markets Are Better than Government Regulators at Fighting Corporate Corruption
Can private markets only be regulated by government? Hindenburg Research's successes against corporate corruption suggest otherwise. Original Article: "How Markets Are Better than Government Regulators at Fighting Corporate Corruption" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 19, 2023 • 0:00
The Price-Gouging State
Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them. Original Article: "The Price-Gouging State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 19, 2023 • 0:00
The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but. Original Article: "The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 16, 2023 • 0:00
How Fast Should the Money Supply Grow?
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important. Original Article: "How Fast Should the Money Supply Grow?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 16, 2023 • 0:00
Why the End of the Petrodollar Spells Trouble for the US Regime
By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power. Original Article: "Why the End of the Petrodollar Spells Trouble for the US Regime" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 16, 2023 • 0:00
Subsidizing Higher Education Is Not Creating Widespread External Benefits
Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people. Original Article: "Subsidizing Higher Education Is Not Creating Widespread External Benefits" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 16, 2023 • 0:00
Fighting Inflation Really Means Fighting the Federal Reserve
These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists." Original Article: "Fighting Inflation Really Means Fighting the Federal Reserve" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 16, 2023 • 0:00
Australia: The Nation Founded by British Convicts Embraced Entrepreneurship
Australia is famous for its laid-back culture and for being founded by convicts from Great Britain. It also should be famous for its embrace of entrepreneurship. Original Article: "Australia: The Nation Founded by British Convicts Embraced Entrepreneurship" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 14, 2023 • 0:00
The Constitution Failed. It Secured Neither Peace nor Freedom.
The constitution has not protected our natural rights, nor did it prevent the US from becoming a blood-soaked failed state a mere 73 years after the constitution was ratified. Original Article: "The Constitution Failed. It Secured Neither Peace nor Freedom." This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 14, 2023 • 0:00
The Government Throws Money at Heart Disease, but Prevention Is Better than Cure
Americans spend billions of dollars on treating heart disease. Prevention is cheaper, but thanks to perverse government incentives, preventing heart disease takes a backseat to medical spending. Original Article: "The Government Throws Money at Heart Disease, but Prevention Is Better than Cure" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 14, 2023 • 0:00
Make No Mistake, War Hawk American Policy Helped Start This War in Ukraine
When the Soviet Union collapsed more than thirty years ago, US and European political elites sought to isolate and threaten Russia. The result has been war, destruction, and death, none of it necessary. Original Article: "Make No Mistake, War Hawk American Policy Helped Start This War in Ukraine" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 14, 2023 • 0:00
Social Security Taxes Aren't "Your" Money
The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to "pay back" pensioners is just creating a new group of tax victims. Original Article: "Social Security Taxes Aren't "Your" Money" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 12, 2023 • 0:00
Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke
The recent case of retired megastar Usain Bolt losing millions of dollars to bad investments highlights the importance of sound money management. Original Article: "Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 12, 2023 • 0:00
Is the Japanese Low Inflation–Low Interest Rate Model at an End?
For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper. Original Article: "Is the Japanese Low Inflation–Low Interest Rate Model at an End?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 12, 2023 • 0:00
"Stakeholder Capitalism" Is an Incoherent Term
One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term. Original Article: ""Stakeholder Capitalism" Is an Incoherent Term" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 12, 2023 • 0:00
The Chinese Communist Party Is Creating a Crackdown Economy
China has created a crackdown cycle that is hurting the entrepreneurial spirit. Original Article: "The Chinese Communist Party Is Creating a Crackdown Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 9, 2023 • 0:00
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good. Original Article: "You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 9, 2023 • 0:00
Empty Malls and Shopping Centers: How Government Fuels Malinvestments
The empty shopping mall: a story of how government actions created a huge malinvestment in western Pennsylvania. Original Article: "Empty Malls and Shopping Centers: How Government Fuels Malinvestments" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 9, 2023 • 0:00
How Should a Nation Determine Its Heroes?
How do societies determine who their heroes are? We know that often those seen as heroes actually made a country worse off. Original Article: "How Should a Nation Determine Its Heroes?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 9, 2023 • 0:00
More Recession Signs: Money Supply Growth Went Negative Again in December
The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. Original Article: "More Recession Signs: Money Supply Growth Went Negative Again in December" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 9, 2023 • 0:00
Do Correlations Help Define Money?
Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it. Original Article: "Do Correlations Help Define Money?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 7, 2023 • 0:00
Concentrate Where the Murders Are Concentrated
Progressives like to claim that "America" has a "gun violence problem." However, the "gun violence problem" happens to exist in places where progressives dominate the government. Original Article: "Concentrate Where the Murders Are Concentrated" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 7, 2023 • 0:00
Questioning the Military Necessity of Dropping Atomic Bombs on Japanese Cities
Americans often have defended the atomic bombings of Hiroshima and Nagasaki as regrettable but necessary for ending World War II. The actual record tells us a much different story. Original Article: "Questioning the Military Necessity of Dropping Atomic Bombs on Japanese Cities" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 7, 2023 • 0:00
Raise the Social Security Age to (at Least) 75
As life expectancy has risen, so have runaway costs. Raising the age won't make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do. Original Article: "Raise the Social Security Age to (at Least) 75" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 7, 2023 • 0:00
The State Uses Trauma as a Weapon against Innocent People
In its unending quest for power, the state has no problem traumatizing the innocent. Original Article: "The State Uses Trauma as a Weapon against Innocent People" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 5, 2023 • 0:00
Wholesale Price Inflation Is Slowing as Economy Worsens
A recession looks more likely every day, and the latest sign of this is slowing price growth in producer prices. After all, price inflation usually slows as the economy weakens and consumers run out of easy money. Original Article: "Wholesale Price Inflation Is Slowing as Economy Worsens" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 5, 2023 • 0:00
European Shadow Unemployment Is a Real Problem
There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the economy. Original Article: "European Shadow Unemployment Is a Real Problem" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 5, 2023 • 0:00
Yes, the Minimum Wage Harms the Economy
The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all. Original Article: "Yes, the Minimum Wage Harms the Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 5, 2023 • 0:00
Central Banks Turn to Gold as Losses Mount
The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so. Original Article: "Central Banks Turn to Gold as Losses Mount" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 2, 2023 • 0:00
Governments Will Make You Poorer Again
Inflation at an annual rate of 5 percent is not a positive, and it is certainly not falling prices. Inflation is accumulative, and this means we are becoming poorer faster. Original Article: "Governments Will Make You Poorer Again" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 2, 2023 • 0:00
The New Rules of Engagement
All people of goodwill have an obligation to fight the escalation of politics in American life. Original Article: "The New Rules of Engagement" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 2, 2023 • 0:00
They Won't Leave Us Alone: The Invasion of Politics
Forget minding your own business. Ours is the age of invasive politics, demanding we take sides no matter how much we would like to be left alone. Original Article: "They Won't Leave Us Alone: The Invasion of Politics" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 2, 2023 • 0:00
Producers Should Reject Calls to "Give Back"
All too often we are told that government employment equals selflessness and working for profit constitutes greed. It's time to reassess the meaning of certain words. Original Article: "Producers Should Reject Calls to "Give Back" This Audio Mises Wire is generously sponsored by Christopher Condon.
Feb 2, 2023 • 0:00
Corporate Welfare for Farmers Is Swell until It's Not: The Case of Arizona Reservoirs
What at first seem like gifts from the state (handouts for some at the expense of others) lead to unfortunate events that cannot be stopped once begun. Original Article: "Corporate Welfare for Farmers Is Swell until It's Not: The Case of Arizona Reservoirs" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 30, 2023 • 0:00
Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor
Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor. Original Article: "Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 30, 2023 • 0:00
Governments Cannot Effectively Regulate Vaccines
Because government officials do not worry about the consequences of making mistakes, the government should not be permitted to regulate anything as important as vaccines. Original Article: "Governments Cannot Effectively Regulate Vaccines" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 30, 2023 • 0:00
The Modern State Cannot Exist without Fiat Money
Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money. Original Article: "The Modern State Cannot Exist without Fiat Money" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 30, 2023 • 0:00
Why the Fed Is Bankrupt and Why That Means More Inflation
The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living. Original Article: "Why the Fed Is Bankrupt and Why That Means More Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 28, 2023 • 0:00
Hans-Hermann Hoppe on For a New Liberty at 50
No one will read For a New Liberty and not see the world with very different eyes afterward. Original Article: "Hans-Hermann Hoppe on For a New Liberty at 50" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 28, 2023 • 0:00
How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas
It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns. Original Article: "How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 28, 2023 • 0:00
The Rise and Fall of Good Money: A Tale of the Market and the State
Once upon a time, the USA had sound, reliable money. Then, a small group of "really intelligent" people decided to "improve" it. We know the rest of the story. Original Article: "The Rise and Fall of Good Money: A Tale of the Market and the State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 28, 2023 • 0:00
The Fed Is a Purely Political Institution, and It's Definitely Not a Bank.
The Federal Reserve is no more "private" than the Environmental Protection Agency, and through its special government status, the Fed inflicts many economic crimes on regular people. Original Article: "The Fed Is a Purely Political Institution, and It's Definitely Not a Bank." This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
The Italian City-Republics Were the Manhattan of the Twelfth Century
The move from feudalism to the relatively free capitalist societies occurred slowly, beginning with the emergence of the city-states in Italy in Medieval Europe. Original Article: "The Italian City-Republics Were the Manhattan of the Twelfth Century" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Rome's Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation. Original Article: "Rome's Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
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 Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
America, Brazil, and the Illegitimacy of Weaponized Democracy
The similar challenges facing America and Brazil, including concerns about the state of their democracies, is worthy of exploration, as is the global response to the protest and what that response means for those opposed to the current “neoliberal” international order. Original Article: "America, Brazil, and the Illegitimacy of Weaponized Democracy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Political Salvation Is Slow Suicide
For all of the political "reforms" being tossed about, the truth is that government is slowly strangling the life out of our society. Original Article: "Political Salvation Is Slow Suicide" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Yes, Virginia, There IS a Deep State—and It Is Worse than You Think
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 sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Biden Is Lying about the Jobs Data
It's only a good time to be a worker in America if one confuses falling real wages and falling full-time employment with robust employment conditions. Original Article: "Biden Is Lying about the Jobs Data" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
The State Will Always Set the Rules in Its Favor
Remember Lady Justice, who wears a blindfold and holds the scales? She is a state creation, too, and when it comes to state wrongdoing, her thumb holds the scales down. Original Article: "The State Will Always Set the Rules in Its Favor" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Don't Call It Capitalism: The Fed's $8 Trillion Hoard of Financial Assets
Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism." Original Article: "Don't Call It Capitalism: The Fed's $8 Trillion Hoard of Financial Assets" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
The Chimera of a Postpandemic Postwar Return to Monetary Normal
Government and monetary authorities claim that the worst of the postcovid lockdown disruptions are past and a "return to normal" is just around the corner. It will be a very long corner. Original Article: "The Chimera of a Postpandemic Postwar Return to Monetary Normal" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 23, 2023 • 0:00
Since Covid Lockdowns, New York Lost More of Its Population than Any Other State
The migration data from 2020 to 2022 backs up the idea that a great many people are moving from restrictionist covid states to states where the public health technocrats have less power. Original Article: "Since Covid Lockdowns, New York Lost More of Its Population than Any Other State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 19, 2023 • 0:00
Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?
While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles. Original Article: "Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 19, 2023 • 0:00
Why Are So Many Men Leaving the Workforce?
Economic factors are only some of the reasons why men are leaving the workforce. The decline of marriage has also lowered the supply of workers by lessening incentives for workers. Original Article: "Why Are So Many Men Leaving the Workforce?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 19, 2023 • 0:00
Again the Government Is Taking Antitrust Action against Microsoft. Again This Is Wrong.
The Federal Trade Commission seeks an anti-trust judgment against Microsoft for its move to acquire Activision. Like all other anti-trust action, this one has no economic merits. Original Article: "Again the Government Is Taking Antitrust Action against Microsoft. Again This Is Wrong." This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 19, 2023 • 0:00
How Capitalism Made Christmas a Holiday for Children
It is no coincidence that the boom in mass-produced goods made specifically for children, "coincided closely with the rise of the middle-classes, industry, and capitalism." Original Article: "How Capitalism Made Christmas a Holiday for Children" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 19, 2023 • 0:00
Family Destruction and Its Socialist Cheerleaders
Socialists don't just want to take your property; they also are demanding control of your children and loved ones. Original Article: "Family Destruction and Its Socialist Cheerleaders" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 17, 2023 • 0:00
The FDA and the Courts Fail to Truly Discipline the Pharmaceutical Industry for Exploiting the Mentally Ill
Does the regulatory system help guarantee safe and effective drugs? Does the system protect drug consumers? Court cases tell us otherwise. Original Article: "The FDA and the Courts Fail to Truly Discipline the Pharmaceutical Industry for Exploiting the Mentally Ill" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 17, 2023 • 0:00
The Borders between US States Are Obsolete
It's been more than 150 years since most state boundaries were drawn in the US. Since then, demographic and political realities have changed enormously. The boundaries should change too. Original Article: "The Borders Between US States Are Obsolete" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 17, 2023 • 0:00
A Short Essay on Sound Monetary Policy
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules. Original Article: "A Short Essay on Sound Monetary Policy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 17, 2023 • 0:00
Why Economic Stimulus Can't Work
Keynesian economists fantasize that a market economy cannot "gain traction" without "stimulus" schemes from the government. In the end, the only thing stimulated are inflation and recession. Original Article: "Why Economic Stimulus Can't Work" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 15, 2023 • 0:00
The Present Fiat Monetary System Is Breaking Down
The fiat monetary system is slowly breaking down, taking the economy with it. Original Article: "The Present Fiat Monetary System Is Breaking Down" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 15, 2023 • 0:00
When It Comes to National Prosperity, Don't Forget the Culture
Progressives claim that poor nations are that way because wealthy nations exploit them through the capitalist system. Cultural institutions, it turns out, are the most important indicators of wealth and poverty. Original Article: "When It Comes to National Prosperity, Don't Forget the Culture" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 15, 2023 • 0:00
2023: You Wanted Endless Stimulus, You Got Stagflation.
Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem. Original Article: "2023: You Wanted Endless Stimulus, You Got Stagflation." This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 15, 2023 • 0:00
Globalization, Not Globalism: Free Trade versus Destructive Statist Ideology
Relatively free trade and capital mobilization have greatly raised living standards in recent years. Yet those that call themselves globalists are less interested in trade than in unipolar political power, pushing violent, disastrous schemes. Original Article: "Globalization, Not Globalism: Free Trade versus Destructive Statist Ideology" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 15, 2023 • 0:00
Spelling Out the Problem with W-o-k-e-n-e-s-s
John McWhorter takes on the present infatuation with wokeness and shows the real harm it is doing to our social fabric. Original Article: "Spelling Out the Problem with W-o-k-e-n-e-s-s" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 15, 2023 • 0:00
Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability
Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments. Original Article: "Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 12, 2023 • 0:00
For Now, Innovation and Entrepreneurship Still Holds a High Place in the USA
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now. Original Article: "For Now, Innovation and Entrepreneurship Still Holds a High Place in the USA" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 12, 2023 • 0:00
Paradise Valley, Montana: A Study in Free Market Land Conservation
Americans typically are told that private enterprise wastes resources while government preserves them. Economic truths turn that canard upside down. Original Article: "Paradise Valley, Montana: A Study in Free Market Land Conservation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 12, 2023 • 0:00
Southwest's Meltdown Reminds Us We Must End Airlines' Corporate Welfare
Federal protectionism and bailouts makes it easier for US airlines to survive terrible service, such as mass cancellations or when Southwest imposed a private mask mandate and threw families off flights. Original Article: "Southwest's Meltdown Reminds Us We Must End Airlines' Corporate Welfare" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 12, 2023 • 0:00
Police Failures in Philadelphia Have Made Private Policing More Attractive
Because police protection of students is inadequate, Temple University of Philadelphia has hired private police to help keep students safer from crime. Original Article: "Police Failures in Philadelphia Have Made Private Policing More Attractive" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 12, 2023 • 0:00
Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger
The roots of Austrian economics go back to the great theologian Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good. Original Article: "Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 10, 2023 • 0:00
Defining a Good: The Intersection of St. Thomas Aquinas and Carl Menger
The roots of Austrian economics go back to the great theologian Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good. Original Article: "Defining a Good: The Intersection of St. Thomas Aquinas and Carl Menger" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 10, 2023 • 0:00
US Labor Market: Help Wanted!
Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well. Original Article: "US Labor Market: Help Wanted!" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 10, 2023 • 0:00
Behavioral Economics Challenges the Rationality of Consumer Choices
While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis. Original Article: "Behavioral Economics Challenges the Rationality of Consumer Choices" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 10, 2023 • 0:00
The Case for Disbanding Public Health Agencies
Public health agencies tend to be treated like authoritative sacred cows. In reality, they have politicized health policies to the point where they really are a health hazard. Original Article: "The Case for Disbanding Public Health Agencies" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 8, 2023 • 0:00
Industrial Policy Did Not Bring Prosperity to Asia
Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited. Original Article: "Industrial Policy Did Not Bring Prosperity to Asia" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 8, 2023 • 0:00
Objection, Professor Harari! Logic Proves the Existence of Free Will
Yuval Noah Harari, who teaches history at Hebrew University in Jerusalem, denies that free will exists. However, to deny free will is to deny human action itself. Original Article: "Objection, Professor Harari! Logic Proves the Existence of Free Will" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 8, 2023 • 0:00
Authoritarianism Is Not Compatible with Economic Progress: Freedom Is Indivisible
The belief that a free market economy needs an authoritarian state to support it is mistaken. Mises said it best when he wrote that "freedom is indivisible." Original Article: "Authoritarianism Is Not Compatible with Economic Progress: Freedom Is Indivisible" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 8, 2023 • 0:00
The Economic Super Bowl: 1920–21 versus 1930–31
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference? Original Article: "The Economic Super Bowl: 1920–21 versus 1930–31" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 5, 2023 • 0:00
Woke Egalitarianism and the Elites
Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone. Original Article: "Woke Egalitarianism and the Elites" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 5, 2023 • 0:00
Budget Deficit Hits Monthly Record Due to Biden’s Policies
Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well. Original Article: "Budget Deficit Hits Monthly Record Due to Biden’s Policies" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 5, 2023 • 0:00
Forget Oil. Now They Are Coming for the Cows
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat. Original Article: "Forget Oil. Now They Are Coming for the Cows" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 5, 2023 • 0:00
The Economic Superbowl: 1920–21 versus 1930–31
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference? Original Article: "The Economic Superbowl: 1920–21 versus 1930–31" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 5, 2023 • 0:00
The Tea Party, Fifteen Years Later
Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised. Original Article: "The Tea Party, Fifteen Years Later" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 5, 2023 • 0:00
You've Got to Be Kidding: Professor Demands Animals Stop Eating Each Other
University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal. Original Article: "You've Got to Be Kidding: Professor Demands Animals Stop Eating Each Other" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 3, 2023 • 0:00
History Shows High Inflation Can Last Over Ten Years
Wall Street has convinced itself that the Fed will soon engineer a "soft landing" by bringing down inflation without an accompanying recession. They need to rethink their beliefs. Original Article: "History Shows High Inflation Can Last Over Ten Years" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 3, 2023 • 0:00
Woodrow Wilson's Christmas Grift of 1913
Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since. Original Article: "Woodrow Wilson's Christmas Grift of 1913" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 3, 2023 • 0:00
Notes from the Digital Gulag
Remember those dystopian futuristic films in which the evil people try to electronically erase the heroes? Social media companies are trying to recreate that scenario. Original Article: "Notes from the Digital Gulag" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 3, 2023 • 0:00
Hayek on the Difference between Science and Scientism
Modern progressive governance claims it has science on its side. Hayek's Nobel speech put holes in that viewpoint. Original Article: "Hayek on the Difference between Science and Scientism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 1, 2023 • 0:00
Grover Cleveland Presented the Best Example of a True Liberal Populist
While some politicians preach populism, that usually means protectionism and increased business regulation, along with high marginal income tax rates. Grover Cleveland showed a better way. Original Article: "Grover Cleveland Presented the Best Example of a True Liberal Populist" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 1, 2023 • 0:00
Secession: Why the Regime Tolerates Self-Determination for Foreigners but Not for Americans
Self-determination means the ability to make laws for one's own community free from intervention by Washington, DC. Most of the world can do this. Why can't Americans? Original Article: "Secession: Why the Regime Tolerates Self-Determination for Foreigners but Not for Americans" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 1, 2023 • 0:00
Private Security: An Effective Method to Prevent Being a Crime Victim
As crime rates rise and government policing fails, more and more people are turning to private security, which is more effective in preventing crime than government police. Original Article: "Private Security: An Effective Method to Prevent Being a Crime Victim" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jan 1, 2023 • 0:00
Student Debt: It Is and Has Been a Personal Choice
Progressives demanding that the government forgive student debt forget that student loans were made voluntarily by students that promised to pay back what they owe. Original Article: "Student Debt: It Is and Has Been a Personal Choice" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 29, 2022 • 0:00
How Marxism Abuses Ethics and Science to Deceive Its Followers
While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world. Original Article: "How Marxism Abuses Ethics and Science to Deceive Its Followers" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 29, 2022 • 0:00
Father Time versus Central Bankers
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually. Original Article: "Father Time versus Central Bankers" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 29, 2022 • 0:00
Historical Christianity as a Liberating Force in China
The Chinese Community Party's crackdown in Christian churches reflects the perceived antiauthoritarian nature of Christianity and the party's fear of a competing alternative worldview. Original Article: "Historical Christianity as a Liberating Force in China" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 29, 2022 • 0:00
Austerity: A Real Solution to Help Heal the US Economy
Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works. Original Article: "Austerity: A Real Solution to Help Heal the US Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 29, 2022 • 0:00
And So It Begins: Digital Currency Becomes Possible in Our Future
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom. Original Article: "And So It Begins: Digital Currency Becomes Possible in our Future" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 27, 2022 • 0:00
Economic Growth Requires Savings, Not Money Pumping
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings. Original Article: "Economic Growth Requires Savings, Not Money Pumping" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 27, 2022 • 0:00
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent. Original Article: "No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 27, 2022 • 0:00
A (True) Thanksgiving Tale of Socialism in America and Israel
The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 27, 2022 • 0:00
Money Laundering: Another Noncrime Pursued by Criminal Authorities
Money laundering is illegal in the USA, but like so many other federal crimes, it is difficult to identify and define. That is the perfect recipe for government abuse of innocent people. Original Article: "Money Laundering: Another Noncrime Pursued by Criminal Authorities" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 22, 2022 • 0:00
The Reichsbank: Germany's Central Bank Lays Foundation of Monetary Disaster
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement. Original Article: "The Reichsbank: Germany's Central Bank Lays Foundation of Monetary Disaster" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 22, 2022 • 0:00
Leviathan Devours Free Range Entrepreneurs
In the name of "protecting workers," progressive legislators put people out of work. For their own good, of course. Original Article: "Leviathan Devours Free Range Entrepreneurs" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 20, 2022 • 0:00
Capitalism Does Not Create Social Inequality
Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure. Original Article: "Capitalism Does Not Create Social Inequality" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 20, 2022 • 0:00
The "Barbarous Relic" Helped Enable a World More Civilized than Today's
John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization. Original Article: "The "Barbarous Relic" Helped Enable a World More Civilized than Today's" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 20, 2022 • 0:00
Why Investors Are Obsessed with the Fed "Pivot"
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas. Original Article: "Why Investors Are Obsessed with the Fed "Pivot"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 20, 2022 • 0:00
The Corporate Fairy Tale Is Dying as Economic Reality Sets In
For nearly two decades, business, academic, and political elites have spread the fiction that central banks can engineer prosperity by printing more money. Markets now are discrediting that fairy tale. Original Article: "The Corporate Fairy Tale Is Dying as Economic Reality Sets In" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 19, 2022 • 0:00
The World Needs More Energy and Less Energy Regulation
Energy production in the USA and elsewhere is in trouble because of government control. We need more energy and less regulation. Original Article: "The World Needs More Energy and Less Energy Regulation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 19, 2022 • 0:00
United Kingdom Mortality Data by Age Group and Vaccination Status: Looking at Vaccine Effectiveness
Should there be vaccine mandates to deal with covid? Progressive authorities say one thing, but the data say another. Original Article: "United Kingdom Mortality Data by Age Group and Vaccination Status: Looking at Vaccine Effectiveness" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
Reflections upon the Centennial of Mises's Socialism
It has been a hundred years since Mises published Socialism. It is more relevant than ever. Original Article: "Reflections upon the Centennial of Mises's Socialism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
Teaching Critical Race Theory Isn't Education; It's Indoctrination
The more we understand critical race theory, the more we understand that it is not compatible with a free society. Original Article: "Teaching Critical Race Theory Isn't Education; It's Indoctrination" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
Digital Currency: The Fed Moves toward Monetary Totalitarianism
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction. Original Article: "Digital Currency: The Fed Moves toward Monetary Totalitarianism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
The Jobs "Boom" Isn't So Hot When We Remember Nearly Six Million Men Are Missing from the Workforce
There appears to be a six-million-man gap between the number of men in the prime age group—age 25–54—and the number of those men actually in the workforce. Original Article: "The Jobs "Boom" Isn't So Hot When We Remember Nearly Six Million Men Are Missing from the Workforce" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
Spending More Government Money on Healthcare Does Not Improve Health Outcomes
Progressives seem to believe that we improve healthcare outcomes by spending more. This is a recipe for failure. Original Article: "Spending More Government Money on Healthcare Does Not Improve Health Outcomes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
The Student Murders in Idaho Highlight the Unimpressive Police Record on Violent Crime
Like the police in similar communities, the Moscow, Idaho Police have long focused on petty drug offenses while more serious violent crime and property crime receives far less attention. Original Article: "The Student Murders in Idaho Highlight the Unimpressive Police Record on Violent Crime" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 15, 2022 • 0:00
In Jamaica, the Tourists Party On behind High Walls and Locked Gates
High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this. Original Article: "In Jamaica, the Tourists Party On behind High Walls and Locked Gates" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 13, 2022 • 0:00
Paul Pelosi Is Attacked, So Naturally the Capitol Police Want More Money
Following the attack on Paul Pelosi, the Capitol Police office has demanded a big budget increase. This is not to increase safety but rather to increase the agency's bureaucratic reach. Original Article: "Paul Pelosi Is Attacked, So Naturally the Capitol Police Want More Money" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 13, 2022 • 0:00
As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on "Defense"
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash. Original Article: "As the Pentagon Fails Another Audit, Congress Wants to Spend Even More on "Defense"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 13, 2022 • 0:00
Born on the Tenth of January
Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder. Original Article: "Born on the Tenth of January" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 13, 2022 • 0:00
Economic Progress and Economic Decay: North versus South
While high-quality automobiles and other manufactured goods are being produced in the Southeast, northeastern states like New York are falling behind, thanks to progressive governance. Original Article: "Economic Progress and Economic Decay: North versus South" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 12, 2022 • 0:00
Fiat and Gold: Two Fixes for a Broken US Monetary Base
The US monetary system is out of sorts and out of control. The authors show a path back from the inflation brink to monetary soundness. Original Article: "Fiat and Gold: Two Fixes for a Broken US Monetary Base" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 11, 2022 • 0:00
The Ongoing Covid Deceptions: How Ruling Elites Lied about Masks and Mask Mandates
During the worst days of the covid lockdowns and mandates, Americans were told that wearing masks was a matter of life and death. However, those giving the orders didn't believe what they were saying. Original Article: "The Ongoing Covid Deceptions: How Ruling Elites Lied about Masks and Mask Mandates" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 11, 2022 • 0:00
How the State Seized Control of Marriage
State regulation of marriage—and the ensuing secularization of marriage that followed—is a historical development that was part of the larger trend toward the expansion of state power. Original Article: "How the State Seized Control of Marriage" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 11, 2022 • 0:00
Total Employed Workers Fell Again in November as Savings and Incomes Fall
From March 2022 to November, the number of total employed persons has only increased by 12,000 people meaning there are fewer employed people now than before the covid panic. Original Article: "Total Employed Workers Fell Again in November as Savings and Incomes Fall" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 9, 2022 • 0:00
An Economist Examines US Foreign Policy and Finds It Wanting
Economist Christopher Coyne of George Mason University uses economic logic to expose the follies of militaristic US policies overseas. Original Article: "An Economist Examines US Foreign Policy and Finds It Wanting" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 9, 2022 • 0:00
January 6 Trials Remind Us Why We Must Abolish Seditious Conspiracy Laws
The January 6 trials remind us violence against a person or property should be prosecuted as exactly that, and not as a special category of crime against the regime. Original Article: "January 6 Trials Remind Us Why We Must Abolish Seditious Conspiracy Laws" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 9, 2022 • 0:00
Deflation Is Not a Problem: Reversing It Is
Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation. Original Article: "Deflation Is Not a Problem: Reversing It Is" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 7, 2022 • 0:00
Renewables and EVs in the Grip of Lesseps Syndrome
The so-called green energy strategy is no strategy at all. Instead, it is an attempt to cripple the energy industries in vain hopes that renewables will magically cover the energy shortfall. Original Article: "Renewables and EVs in the Grip of Lesseps Syndrome" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 7, 2022 • 0:00
Who Has Better Ethics, the Social Security System or Bernie Madoff?
Nearly everyone has heard of Bernie Madoff and rightly associates his name with financial fraud. Yet, the Social Security system is built on a Ponzi scheme similar to what Madoff created. Original Article: "Who Has Better Ethics, the Social Security System or Bernie Madoff?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 7, 2022 • 0:00
Money Supply Growth in October Fell to a 39-Month Low. A Recession Is Now Almost Guaranteed.
Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession. Original Article: "Money Supply Growth in October Fell to a 39-Month Low. A Recession Is Now Almost Guaranteed." This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 7, 2022 • 0:00
How the Middle-Class Dining Room Revolutionized Domestic Life
For families and friends gathering for Thanksgiving this year, many will assemble in a room called the "dining room." This is a modern luxury made possible by the bourgeois merchants of old. Original Article: "How the Middle-Class Dining Room Revolutionized Domestic Life" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 5, 2022 • 0:00
College Loans and Hazlitt's Lesson: Ignoring the Larger Picture
Politicians calling for student loan forgiveness or free college tuition have failed to understand the larger consequences of unlimited student lending. Henry Hazlitt would have understood. Original Article: "College Loans and Hazlitt's Lesson: Ignoring the Larger Picture" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 5, 2022 • 0:00
Taxing the Wealthy: A Tale of Two State Propositions
Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth. Original Article: "Taxing the Wealthy: A Tale of Two State Propositions" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 5, 2022 • 0:00
It's Not Discrimination, Even When the Government Claims Otherwise
Governments are demanding there be "proportional" representation of women in professions that women historically have avoided. Those efforts will be unsuccessful. Original Article: "It's Not Discrimination, Even When the Government Claims Otherwise" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 5, 2022 • 0:00
The Fed Is Not "a Good Idea that Became Corrupt": It Always Was Corrupt
It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning. Original Article: "The Fed Is Not "a Good Idea that Became Corrupt": It Always Was Corrupt" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 3, 2022 • 0:00
As Easy Money Crashes, the Political and Legal Effects Appear
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow. Original Article: "As Easy Money Crashes, the Political and Legal Effects Appear" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 3, 2022 • 0:00
Who Pays Wealth Tax: The Rich or the Poor?
Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity." Original Article: "Who Pays Wealth Tax: The Rich or the Poor?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 3, 2022 • 0:00
After Years of "Stimulus" Come Surging Debt and Falling Wages
For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed! Original Article: "After Years of "Stimulus" Come Surging Debt and Falling Wages" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 1, 2022 • 0:00
Can a Deeply Unserious America Fix Its Economy?
A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country. Original Article: "Can a Deeply Unserious America Fix Its Economy?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 1, 2022 • 0:00
The Federal Reserve's (Permanent) Knowledge Problem
Federal Reserve officials, for all of their alleged wisdom and education, have a knowledge problem. Hayek and other Austrians could have told them their grandiose plans will fail. Original Article: "The Federal Reserve's (Permanent) Knowledge Problem" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 1, 2022 • 0:00
Why Did Trussonomics Fail So Quickly?
Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up. Original Article: "Why Did Trussonomics Fail So Quickly?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Dec 1, 2022 • 0:00
The US Chip Blockade against China Is Creating Unplanned Consequences
Supporters of US microchip policy against China claim the policy is "strategic," but in reality, it is old-fashioned protectionism with all the usual economic damage. Original Article: "The US Chip Blockade against China Is Creating Unplanned Consequences" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 29, 2022 • 0:00
Bans on "Assault" Weapons Do Not Reduce Crime
Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing. Original Article: "Bans on "Assault" Weapons Do Not Reduce Crime" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 29, 2022 • 0:00
Relying on Experts: A Proven Path to Failure
American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time. Original Article: "Relying on Experts: A Proven Path to Failure" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 29, 2022 • 0:00
To UBI or Not to UBI, That Is the Question
Is there a case to be made for universal basic income? David Gordon examines the pro-UBI arguments by philosopher Matt Zwolinski. Original Article: "To UBI or Not to UBI, That Is the Question" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 29, 2022 • 0:00
Eliminating Economic Crises
Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money. Original Article: "Eliminating Economic Crises" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 27, 2022 • 0:00
How Easy Money Fueled the FTX Crypto Collapse
Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. Original Article: "How Easy Money Fueled the FTX Crypto Collapse" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 27, 2022 • 0:00
The Near Collapse of the UK Pension Sector Exposes Failures by Financial Regulators
The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures. Original Article: "The Near Collapse of the UK Pension Sector Exposes Failures by Financial Regulators" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 27, 2022 • 0:00
Will Global Rate Hikes Set Off a Global Debt Bomb?
All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024. Original Article: "Will Global Rate Hikes Set Off a Global Debt Bomb?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 27, 2022 • 0:00
The Housing Boom Is Already Over. The Housing Shortage Will Continue.
One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage. That hasn't happened. Original Article: "The Housing Boom Is Already Over. The Housing Shortage Will Continue." This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 25, 2022 • 0:00
Are Progressive "Experts" Fallible? Yes, But Don't Tell Them That
Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe. Original Article: "Are Progressive "Experts" Fallible? Yes, But Don't Tell Them That" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 25, 2022 • 0:00
In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater. Original Article: "In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 25, 2022 • 0:00
Without Easy Money, the Tech Sector Faces Layoffs and Losses
Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending. Original Article: "Without Easy Money, the Tech Sector Faces Layoffs and Losses" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 25, 2022 • 0:00
The REAL Solution to the Coming Economic Crisis
As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery. Original Article: "The REAL Solution to the Coming Economic Crisis" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 22, 2022 • 0:00
World War I: The Great War Was also the Great Enabler of Progressive Governance
Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s. Original Article: "World War I: The Great War Was also the Great Enabler of Progressive Governance" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 22, 2022 • 0:00
Free Markets DO Work in Developing Countries
The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story. Original Article: "Free Markets DO Work in Developing Countries" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 22, 2022 • 0:00
Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates
The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates. Original Article: "Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 22, 2022 • 0:00
Joe Biden and the "Transformational" Presidency
Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression." Original Article: "Joe Biden and the "Transformational" Presidency" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 21, 2022 • 0:00
Sports Betting and Spontaneous Order
One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate. Original Article: "Sports Betting and Spontaneous Order" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 21, 2022 • 0:00
What I Learned from my Grandfather about Money
The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money. Original Article: "What I Learned from my Grandfather about Money" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 21, 2022 • 0:00
Niebuhr, My God, to Thee
Lutheran theologian Reinhold Niebuhr attracted numerous followers in postwar America in part because of his attacks on the free market. Perhaps he should have read Mises. Original Article: "Niebuhr, My God, to Thee" This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 21, 2022 • 0:00
Inflation Is Not Price Increases. Inflation Causes Price Increases.
The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases. Original Article: "Inflation Is Not Price Increases. Inflation Causes Price Increases." This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 20, 2022 • 0:00
Economic Calculation and the Great Reset
Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness. Original Article: "Economic Calculation and the Great Reset" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 16, 2022 • 0:00
Nationality and Statelessness: The Kuwaiti Bidoon
All too often, people equate their nationality with a particular state. Yet, as Mises noted, nationality does not depend at all upon a formal entity tied to a government. Original Article: "Nationality and Statelessness: The Kuwaiti Bidoon" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 16, 2022 • 0:00
The Midterm Lesson: Unserious People Can't Stop the Left
This year’s midterm disappointment for Americans hoping the lunacy of the left would undermine the Democrat Party highlights that the very real problems we face will not fall under their own weight. Anti-human progressivism continues to rise, no matter how visually absurd it manifests itself. Original Article: "The Midterm Lesson: Unserious People Can't Stop the Left" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 16, 2022 • 0:00
The Rise and Fall of Trussonomics
In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all. Original Article: "The Rise and Fall of Trussonomics" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 16, 2022 • 0:00
For the Midterms to Matter, the GOP Needs More MTG, Less McConnell
Firebrands like Marjorie Taylor Greene and Matt Gaetz demand a GOP-controlled Congress hold DC villains accountable. If the GOP refuses to treat Anthony Fauci like the Democrats have treated Steve Bannon, the party remains controlled opposition. Original Article: "For the Midterms to Matter, the GOP Needs More MTG, Less McConnell" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
It Didn't Begin with FDR: Currency Devaluation in the Third Century Roman Empire
Roman Keynesianism that ruined the empire and destroyed the Roman economy. Original Article: "It Didn't Begin with FDR: Currency Devaluation in the Third Century Roman Empire" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
Do "Technology Shocks" Create the Boom-Bust Cycles?
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong. Original Article: "Do "Technology Shocks" Create the Boom-Bust Cycles?" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
"Antidemocratic" Just Means "Something the Regime Doesn't Like."
Marxist regimes used to slap the word "antirevolutionary" on everything the regimes disliked. Today's regimes use the words "undemocratic" and "antidemocratic" in the same way. Original Article: "'Antidemocratic' Just Means "Something the Regime Doesn't Like." This Audio Mises Wire is generously sponsored by Christopher Condon.
Nov 13, 2022 • 0:00
American Chip "Independence": Protectionism by Another Name
While both the Left and Right celebrate the government's new drive to subsidize American microchip manufacturing, we should remember that political "investments" always result in crony capitalist disasters. Original Article: "American Chip "Independence": Protectionism by Another Name" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages
The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed. Original Article: "The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
World Dollar Hegemony Is Ending (and That May Be a Good Thing)
The dollar's petrodollar status has led the Federal Reserve to irresponsibly inflate the currency. The rest of the world has noticed and is looking for alternatives. Original Article: "World Dollar Hegemony Is Ending (and That May Be a Good Thing)" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
The Election Won't Change Much in DC. The Real Battle Is Now in the States.
It will be nearly impossible to make any real changes in Washington for the next two years. The real battles are now in the states. Original Article: "The Election Won't Change Much in DC. The Real Battle Is Now in the States." This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 13, 2022 • 0:00
You Don’t Know What’s Good for You
While personal autonomy is a major topic of conversation, for Rothbard the most important thing is liberty, and liberty and automony are not always the same. Original Article: "You Don’t Know What’s Good for You" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 9, 2022 • 0:00
Clausewitz, the UN Charter, and a Libertarian View on War
Modern warfare is a product of the state, which engages in violence at home and abroad. Peace is possible, but only when the state loses power. Original Article: "Clausewitz, the UN Charter, and a Libertarian View on War" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 9, 2022 • 0:00
Private versus Government Health Insurance: They Are Not the Same
Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans. Original Article: "Private versus Government Health Insurance: They Are Not the Same" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 9, 2022 • 0:00
Misunderstanding Mises, Again
After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful. Original Article: "Misunderstanding Mises, Again" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 9, 2022 • 0:00
The Government, Race, and an Upcoming SCOTUS Decision
The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether. Original Article: "The Government, Race, and an Upcoming SCOTUS Decision" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 9, 2022 • 0:00
Are Robots and AI Really Going to Displace All Workers? Probably Not
As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us. Original Article: "Are Robots and AI Really Going to Displace All Workers? Probably Not" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 8, 2022 • 0:00
How the Soviets "Fixed" Inflation, but Ruined the Economy
The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. Original Article: "How the Soviets "Fixed" Inflation, but Ruined the Economy" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 8, 2022 • 0:00
Facts and Data Have No Meaning without a Theory to Explain Them
Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing. Original Article: "Facts and Data Have No Meaning without a Theory to Explain Them" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 8, 2022 • 0:00
Multinational Agrichemical Corporations and the Great Food Transformation
As "decarbonize agriculture" becomes the watchword, powerful multinational agriculture firms have embraced the 2030 UN agenda. Their actions will result in widespread hunger. Original Article: "Multinational Agrichemical Corporations and the Great Food Transformation" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 8, 2022 • 0:00
Inflation in Pakistan: Follow the Money
Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror. Original Article: "Inflation in Pakistan: Follow the Money" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 6, 2022 • 0:00
In Government-Regulated Healthcare, There Is No Competition Like No Competition
Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible. Original Article: "In Government-Regulated Healthcare, There Is No Competition Like No Competition" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 6, 2022 • 0:00
The Economy Is a Mess: What Lessons Will We Learn?
As inflation advances and the economy slowly implodes, we also learn valuable lessons. Original Article: "The Economy Is a Mess: What Lessons Will We Learn?" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 6, 2022 • 0:00
Consumers, Workers, and Monopolies: Free Markets Serve All
Among Mises's contributions was his doctrine of consumer sovereignty in a free market. Original Article: "Consumers, Workers, and Monopolies: Free Markets Serve All" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 6, 2022 • 0:00
The Petrodollar-Saudi Axis Is Why Washington Hates Iran
The Ponzi game known as selling US government debt is nearing its end. The seller is running out of suckers. Original Article: "The Petrodollar-Saudi Axis Is Why Washington Hates Iran" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 3, 2022 • 0:00
Changing of the Guard: Can Musk Deliver on His Promises for Free Speech and Information?
While Elon Musk says he will bring free speech back to Twitter, the forces of statism will not be still. The jury is out on how successful Musk's experiment will be. Original Article: "Changing of the Guard: Can Musk Deliver on His Promises for Free Speech and Information?" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 3, 2022 • 0:00
Rothbard on Gold
At a time when inflation once again ravages the dollar, we recall Murray Rothbard's wisdom in his article "The Case for a Genuine Gold Dollar." Original Article: "Rothbard on Gold" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 3, 2022 • 0:00
Honest Money in Dishonest Hands
While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime. Original Article: "Honest Money in Dishonest Hands" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 2, 2022 • 0:00
Critiquing Florida's Public Policy of "Shared Adversity"
Florida's government promotes a "shared adversity" plan in which individuals and organizations have distant environmental problems imposed upon them. Original Article: "Critiquing Florida's Public Policy of "Shared Adversity"" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 2, 2022 • 0:00
Are Seasonally Adjusted Economic Data Useful?
Government economists "seasonally adjust" data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles. Original Article: "Are Seasonally Adjusted Economic Data Useful?" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 2, 2022 • 0:00
Why Proposition 13 and Attacking It Are Both Popular
More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since. Original Article: "Why Proposition 13 and Attacking It Are Both Popular" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Nov 2, 2022 • 0:00
Profits Do Not Cause Inflation (No Matter What Progressives Claim)
Progressives like Robert Reich now claim that there is no inflation, just businesses arbitrarily raising prices so they can increase profits. Such claims do not pass the test of economic logic. Original Article: "Profits Do Not Cause Inflation (No Matter What Progressives Claim)" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 30, 2022 • 0:00
Federal Reserve Tampering with Interest Rates Distorts the Shape of the Yield Curve
In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen. Original Article: "Federal Reserve Tampering with Interest Rates Distorts the Shape of the Yield Curve" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 30, 2022 • 0:00
Student Loan Debt: The Financial Time Bomb Politicians Want to Ignore
President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues. Original Article: "Student Loan Debt: The Financial Time Bomb Politicians Want to Ignore" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 30, 2022 • 0:00
The Dollar's Global Wake of Destruction
Even with near-record inflation, the US dollar still has gained strength relative to other currencies. This does not mean that the Fed has been acting responsibly. Original Article: "The Dollar's Global Wake of Destruction" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 30, 2022 • 0:00
Review of <em>Classified: The Untold Story of Racial Classification in America</em>
Law Professor David Bernstein looks at the system of racial classifications in the USA and explains why they have been harmful. Original Article: "Review of Classified: The Untold Story of Racial Classification in America" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 27, 2022 • 0:00
To Many, America Still Is a Place of Opportunity (Unless Progressives Destroy That, Too)
People still come to America, but it is because of the foundation created by private enterprise, not because of progressive politics. Original Article: "To Many, America Still Is a Place of Opportunity (Unless Progressives Destroy That, Too)" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 27, 2022 • 0:00
The Fed's Current Monetary Stance Will Lead to Stagflation, Not Deflation
After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession. Original Article: "The Fed's Current Monetary Stance Will Lead to Stagflation, Not Deflation" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 27, 2022 • 0:00
It's Time to Abandon America's Fetish for "Unconditional Surrender"
War dissenters are branded "Putinists" by the foreign policy elites who casually flirt with nuclear war. But preferring negotiations to World War III hardly makes one a Putin sympathizer. Original Article: "It's Time to Abandon America's Fetish for "Unconditional Surrender"" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 27, 2022 • 0:00
Without Easy Money from the Fed, Home Prices Will Keep Falling
Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows. Original Article: "Without Easy Money from the Fed, Home Prices Will Keep Falling" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 27, 2022 • 0:00
Fed Socialist Money Manipulation Cancels Individuals' Better Judgment
Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded. Original Article: "Fed Socialist Money Manipulation Cancels Individuals' Better Judgment" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 25, 2022 • 0:00
Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All
Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt. Original Article: "Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 25, 2022 • 0:00
"Spend Now, and Deal with the Consequences Later" Is the Worst Policy
Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later." Original Article: ""Spend Now, and Deal with the Consequences Later" Is the Worst Policy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 25, 2022 • 0:00
Housing Is Getting Less Affordable. Governments Are Making It Worse.
Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt. Original Article: "Housing Is Getting Less Affordable. Governments Are Making It Worse." This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 25, 2022 • 0:00
The Bank of England Made Liz Truss a Scapegoat
The only lesson for the United Kingdom is to remember that if you follow Greece’s economic policies, you get Greek debt, unemployment, and growth. Original Article: "The Bank of England Made Liz Truss a Scapegoat" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 23, 2022 • 0:00
Gold as Natural Money
Gold historically has not been money by government fiat. Instead, gold has been the natural choice of people for money, something governments cannot undo (despite its best efforts). Original Article: "Gold as Natural Money" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 23, 2022 • 0:00
Europe's Energy Crisis Was Created by Political Intervention
The European electricity market is probably the most state-regulated in the world. More intervention is not going to solve the problems created by politics. Original Article: "Europe's Energy Crisis Was Created by Political Intervention" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 23, 2022 • 0:00
The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention. Original Article: "The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 23, 2022 • 0:00
Higher Education in Crisis: The Problem of Ideological Homogeneity
College faculties historically have leaned left-of-center, but today, a rigid progressive ideology is enforced not only by faculty, but also by higher education administrations. Original Article: "Higher Education in Crisis: The Problem of Ideological Homogeneity" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 20, 2022 • 0:00
College as an Economic and Social Problem: Dealing with the Culture
Even while Americans deal with skyrocketing higher education costs, few would challenge the worth of college and fewer still question the campus culture. Yet, that is precisely where the problems lie, even if people don't recognize it. Original Article: "College as an Economic and Social Problem: Dealing with the Culture" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 20, 2022 • 0:00
A Critique of the Bitcoin Stock-to-Flow Model
While Bitcoin's S2F Model has come under some criticism, the best analysis of its flaws comes from perspective of Austrian Economics. Original Article: "A Critique of the Bitcoin Stock-to-Flow Model" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 20, 2022 • 0:00
The Perils of Higher Education: Institutional Failure
As we watch the once proud edifice of higher education in the USA crumble, we realize that we are looking at institutional failure itself. Original Article: "The Perils of Higher Education: Institutional Failure" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 20, 2022 • 0:00
What Do Supply and Demand Curves Really Tell Us? Not Very Much
It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can't tell us much, and emphasizing them actually stands in the way of better understanding economic processes. Original Article: "What Do Supply and Demand Curves Really Tell Us? Not Very Much" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 20, 2022 • 0:00
We're Getting Poorer: Price Inflation Grew Faster than Wages Again in September
There are only painful options for bringing price inflation under control at this point, and that's all thanks to the Fed's creation of countless bubbles and malinvestments over the past decade. Original Article: "We're Getting Poorer: Price Inflation Grew Faster than Wages Again in September" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 19, 2022 • 0:00
The West Didn't Become Rich Because of Slavery But in Spite of It
The modern progressive narratives claim that the wealth of the West and especially of the USA was built upon the backs of slaves. In fact, slavery retarded economic growth. Original Article: "The West Didn't Become Rich Because of Slavery But in Spite of It" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 19, 2022 • 0:00
Thanks to the Fed, You'll Work More This Year to Keep Last Year's Standard of Living
This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year. Original Article: "Thanks to the Fed, You'll Work More This Year to Keep Last Year's Standard of Living" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 17, 2022 • 0:00
Inflation, High Inflation, Hyperinflation
Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it. Original Article: "Inflation, High Inflation, Hyperinflation" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 17, 2022 • 0:00
The Alex Jones Verdict Shows the Danger of Defamation Laws
The idea of defamation as a punishable legal matter is based on the notion that people do not have free will and are not responsible for their own actions. Original Article: "The Alex Jones Verdict Shows the Danger of Defamation Laws" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 17, 2022 • 0:00
Edward Chancellor's Much-Needed (But Not Heeded) Wisdom on Interest Rates
The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor. Original Article: "Edward Chancellor's Much-Needed (But Not Heeded) Wisdom on Interest Rates" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 17, 2022 • 0:00
The Front Lines of the Language Wars
Language is at the front lines of the battle over institutions. Original Article: "The Front Lines of the Language Wars" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 16, 2022 • 0:00
Higher Education Woes: Student Loans Help Fuel Higher College Costs
While President Biden claims that forgiving student loans helps reduce college costs, it is the loan program itself that is responsible for much of the explosive growth of higher education spending. Original Article: "Higher Education Woes: Student Loans Help Fuel Higher College Costs" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 16, 2022 • 0:00
To Limit the Reach of America's Stasi, the FBI, Vacate All FISA Rulings
The FBI operates as an agency whose players know they are untouchable in the current regime. Vacating FISA rulings is one way to fight back. Original Article: "To Limit the Reach of America's Stasi, the FBI, Vacate All FISA Rulings" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 16, 2022 • 0:00
A Commonsense Approach to the Austrian-Mainstream Methodenstreit
Mainstream economists claim that Austrian economics is "discredited" because Austrians use deductive reasoning instead of employing complicated calculus and statistics. The irony is that Austrian analysis is better at explaining real-world economic phenomena. Original Article: "A Commonsense Approach to the Austrian-Mainstream Methodenstreit" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 16, 2022 • 0:00
The Fed's Real Mandate
The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere. Original Article: "The Fed's Real Mandate" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 12, 2022 • 0:00
An Economic Perspective on Accusing Political Opponents of Racism
A winning political strategy, especially among Democrats, is to accuse their political opponents of racism, or at least "closet" racism. Yet simple economic analysis shows such accusations are illogical. Original Article: "An Economic Perspective on Accusing Political Opponents of Racism" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 12, 2022 • 0:00
The Turkish Way
Turkey's economy is reeling under inflation rates likely reaching 170 percent. Not surprisingly, the worst of it is felt by regular people just trying to make a living. Original Article: "The Turkish Way" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 12, 2022 • 0:00
Does Bank Lending by Itself Set Off Boom and Bust Cycles?
What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems. Original Article: "Does Bank Lending by Itself Set Off Boom and Bust Cycles?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 12, 2022 • 0:00
An Ancient Warning: Criminal Trespass Is the State’s Essential Feature
The Bible the ancient Israelites were warned about the dangers of having a government that would tax them heavily and oppress them. They didn't listen. Original Article: "An Ancient Warning: Criminal Trespass Is the State’s Essential Feature" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 11, 2022 • 0:00
What Drove the Industrial Revolution in Britain? It Wasn't Slavery
Some claim that slavery was the main reason for the success of the Industrial Revolution in Great Britain, but the answer lies elsewhere. Original Article: "What Drove the Industrial Revolution in Britain? It Wasn't Slavery" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 11, 2022 • 0:00
It's All about the Benjamins: Why the Dollar Determines US Policies
The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector. Original Article: "It's All about the Benjamins: Why the Dollar Determines US Policies" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 9, 2022 • 0:00
Hazlitt's Lesson Restated: New Jersey's Disastrous Ban on Single-Use Plastic
Virtue-signaling politicians in New Jersey have banned single-use plastic bags, claiming to "help the environment." They need to read Hazlitt's Economics in One Lesson instead. Original Article: "Hazlitt's Lesson Restated: New Jersey's Disastrous Ban on Single-Use Plastic" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 9, 2022 • 0:00
Escaping Russia's Military Draft Is an Act of Self-Defense
Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense. Original Article: "Escaping Russia's Military Draft Is an Act of Self-Defense" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 9, 2022 • 0:00
The Fraudulent Social Contract of Bad Money Regimes
Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract. Original Article: "The Fraudulent Social Contract of Bad Money Regimes" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 9, 2022 • 0:00
Cryptocurrency as Money—Store of Value or Medium of Exchange?
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct? Original Article: "Cryptocurrency as Money—Store of Value or Medium of Exchange?" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 6, 2022 • 0:00
No, Ordinary Russians Are Not Responsible for the Crimes of the Russian Regime
In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one. Original Article: "No, Ordinary Russians Are Not Responsible for the Crimes of the Russian Regime" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 6, 2022 • 0:00
History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money. Original Article: "History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 6, 2022 • 0:00
The Secessionist French Classical Liberals: Molinari and Dunoyer
Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states. Original Article: "The Secessionist French Classical Liberals: Molinari and Dunoyer" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 6, 2022 • 0:00
Central Banks Claim to Preserve the Value of Money through Inflation
Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets. Original Article: "Central Banks Claim to Preserve the Value of Money through Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 6, 2022 • 0:00
How the Policy of Price Stability Generates Greater Economic Instability
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable. Original Article: "How the Policy of Price Stability Generates Greater Economic Instability" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 3, 2022 • 0:00
In Latest Recession Signal, Money-Supply Growth Plummeted to a Three-Year Low in August
The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve. Original Article: "In Latest Recession Signal, Money-Supply Growth Plummeted to a Three-Year Low in August" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 3, 2022 • 0:00
Genuine Recovery Is Up to Investors, Producers, and Consumer Choice
Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market. Original Article: "Genuine Recovery Is Up to Investors, Producers, and Consumer Choice" This Audio Mises Wire is generously sponsored by Christopher Condon.
Oct 3, 2022 • 0:00
Student Loan Forgiveness Treats the Symptom, Not the Disease
President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high. Original Article: "Student Loan Forgiveness Treats the Symptom, Not the Disease" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 3, 2022 • 0:00
Obama's Forgotten Child Hunger Debacle
Barack Obama promised to "end child hunger" by 2015. Michelle Obama promised to end childhood obesity. Unfortunately, both increased in large part because of the Obama programs. Today, President Biden will declare war on "hunger in America." Stay tuned. Original Article: "Obama's Forgotten Child Hunger Debacle" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 3, 2022 • 0:00
Biggar Thy Neighbor
Is there a case for an American empire? Professor Nigel Biggar of Oxford University believes so, but David Gordon sets him straight. Original Article: "Biggar Thy Neighbor" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 3, 2022 • 0:00
Can the Dollar Once Again Be Anchored by Gold? One Congressman Believes It Can
The Gold Standard Restoration Act seeks to once again tie the US dollar to gold. Original Article: "Can the Dollar Once Again Be Anchored by Gold? One Congressman Believes It Can" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 1, 2022 • 0:00
Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?
As the inevitable economic downturn becomes more evident, the Fed will attempt to stop deflation. But what this economy needs is a good dose of it. Original Article: "Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?" This Audio Mises Wire is generously sponsored by Christopher Condon. '
Oct 1, 2022 • 0:00
Eat or Heat: Europeans Already Are Facing Previously Unthinkable Dilemmas
The European elites that imposed disastrous covid-19 restrictions, along with "green energy" regimes and sanctions against Russia are now seeing the results of their policies. Original Article: "Eat or Heat: Europeans Already Are Facing Previously Unthinkable Dilemmas" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
The Other Immigration Question: Should People from Wealthy Countries Migrate to Poorer Ones?
While people from poor countries seek to live in places like the USA because of its stable institutions and welfare state, could migration of people from stable countries to less-developed ones make those countries better off? Original Article: "The Other Immigration Question: Should People from Wealthy Countries Migrate to Poorer Ones?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
The "Stunning Success" of the Green Revolution Is Yet Another Progressive Myth
An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere. Original Article: "The "Stunning Success" of the Green Revolution Is Yet Another Progressive Myth" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Do People Accept Money Because Government Endorses It?
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists. Original Article: "Do People Accept Money Because Government Endorses It?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?
Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem. Original Article: "Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
The Fed Is Finally Seeing the Magnitude of the Mess It Created
The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with. Original Article: "The Fed Is Finally Seeing the Magnitude of the Mess It Created" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Despite Their Hubris, Monetary Authorities Do Not Have Total Control
While officials in the White House, Treasury, and the Fed give the appearance of being in control, but in truth, they cannot undo the damage they have done. Original Article: "Despite Their Hubris, Monetary Authorities Do Not Have Total Control" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Germany's (and Europe's) Self-Inflicted Upcoming Energy Crunch
At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens. Original Article: "Germany's (and Europe's) Self-Inflicted Upcoming Energy Crunch" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Should the Fed Increase the Money Supply in Response to a Growing Economy?
Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken. Original Article: "Should the Fed Increase the Money Supply in Response to a Growing Economy?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Europe Ditched Russian Energy. Now People Are Sitting in Line for Days to Buy Coal. Is Biden to Blame?
Winter is approaching and Europeans are facing homes without heat, thanks to the US-led sanctions against Russia. Who will carry the blame when people freeze to death? Original Article: "Europe Ditched Russian Energy. Now People Are Sitting in Line for Days to Buy Coal. Is Biden to Blame?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Practicing Politics as Self-Defense
Because government is predatory, it may seem ironic then to use the political system as a means of protecting one's own property, family, and loved ones. But there are times when such a strategy makes sense. Original Article: "Practicing Politics as Self-Defense" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Are "Progressive" Prosecutors Real Reformers or Leftists Acting in Bad Faith?
The surge of "progressive" prosecutors, many funded by George Soros, has been followed by increases in violent crime. Original Article: "Are "Progressive" Prosecutors Real Reformers or Leftists Acting in Bad Faith?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Seeing the Student Loan Crisis as a Form of Boom and Bust
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system. Original Article: "Seeing the Student Loan Crisis as a Form of Boom and Bust" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
The Pandemic Is "Over," but the Feds Aren't Giving Up Their Emergency Powers
Joe Biden says the pandemic is over in an attempt to get a few more votes. But the administration certainly isn't acting like the "pandemic is over" in terms of actual policy. Original Article: "The Pandemic Is "Over," but the Feds Aren't Giving Up Their Emergency Powers" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
The Inflation Reduction Act: Another Unfair and Unjustified State Intervention
One doubts that the so-called Inflation Reduction Act will reduce inflation. However, it will wreak havoc on the US economy with its lethal mix of taxes, regulations, subsidies, and outright crony capitalism. Original Article: "The Inflation Reduction Act: Another Unfair and Unjustified State Intervention" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 22, 2022 • 0:00
Five Keys to Professional and Personal Development
Do these things to stand apart from your peers. Original Article: "Five Keys to Professional and Personal Development" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 21, 2022 • 0:00
Europeans Were Not the Only Slave Traders in Africa
While the current political narratives claim that only Europeans were involved in the infamous transatlantic slave trade, the Africans themselves were also major players in directing and overseeing it. Original Article: "Europeans Were Not the Only Slave Traders in Africa" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 21, 2022 • 0:00
Powell's Pivot to "Pain" but No Gain: Triggering the Coming Recession
The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy. Original Article: "Powell's Pivot to "Pain" but No Gain: Triggering the Coming Recession" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 21, 2022 • 0:00
Molinari Explains the Difference between Monarchy and Popular Government
The rise of democracy blurred the lines between the regime and the people it exploits. This was less of a problem under monarchs, whose interests were clearly separate from the public's. Original Article: "Molinari Explains the Difference between Monarchy and Popular Government" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 21, 2022 • 0:00
How Do We Define Socialism? By What It Does—and Does Not—Do
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery. Original Article: "How Do We Define Socialism? By What It Does—and Does Not—Do" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 19, 2022 • 0:00
When "Decolonialization" Creates More Problems than It Allegedly Solves
The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era? Original Article: "When "Decolonialization" Creates More Problems than It Allegedly Solves" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 19, 2022 • 0:00
The Enclosure Movement and the Agricultural and Industrial Revolutions
While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship. Original Article: "The Enclosure Movement and the Agricultural and Industrial Revolutions" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 19, 2022 • 0:00
Socialism Is Not Groupthink, but Statethink: A Brief Comment on Jordan Peterson
Jordan Peterson has linked identity politics to socialism. Instead, socialism is about empowering the state. Original Article: "Socialism Is Not Groupthink, but Statethink: A Brief Comment on Jordan Peterson" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 19, 2022 • 0:00
How Monarchs Became Servants of the State
Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own." Original Article: "How Monarchs Became Servants of the State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 18, 2022 • 0:00
The Fed Is Wrong to Make Policies Based upon the Phillips Curve
Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken. Original Article: "The Fed Is Wrong to Make Policies Based upon the Phillips Curve" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 18, 2022 • 0:00
Mandatory Vaccines vs. Logic and Kantian Ethics
Vaccine mandates imposed by governments violate individual rights and further the coercive powers of the state. They also violate Kantian ethical norms, turning people into vehicles to accomplish the ends of governing elites. Original Article: "Mandatory Vaccines vs. Logic and Kantian Ethics" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 16, 2022 • 0:00
August's Price Inflation Soared, and That Means Earnings Fell Yet Again
This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy. Original Article: "August's Price Inflation Soared, and That Means Earnings Fell Yet Again" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 15, 2022 • 0:00
Déjà Vu: Argentines Once Again are Voting for More Inflation While Remaining in Denial
Argentina is synonymous with hyperinflation, but apparently its voters have not had enough. Original Article: "Déjà Vu: Argentines Once Again are Voting for More Inflation While Remaining in Denial" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 15, 2022 • 0:00
How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments. Original Article: "How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 15, 2022 • 0:00
Short-Term Market Volatility Is Not Entirely Random
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions. Original Article: "Short-Term Market Volatility Is Not Entirely Random" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 15, 2022 • 0:00
We Cannot Interpret Economic Data Unless We Know Economic Theory
Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place. Original Article: "We Cannot Interpret Economic Data Unless We Know Economic Theory" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 14, 2022 • 0:00
By Compensating Slave Owners, Great Britain Negotiated a Peaceful End to Slavery
By compensating slave owners for the abolition of slavery, Great Britain ended the scourge of chattel slavery long before it was ended in the Americas. Original Article: "By Compensating Slave Owners, Great Britain Negotiated a Peaceful End to Slavery" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 14, 2022 • 0:00
The False Benefit of Less Land Use for Agriculture
Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing. Original Article: "The False Benefit of Less Land Use for Agriculture" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 13, 2022 • 0:00
Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy
The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate. Original Article: "Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 13, 2022 • 0:00
Looking at the Economic Myth of the "Soft Landing"
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities. Original Article: "Looking at the Economic Myth of the "Soft Landing"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 13, 2022 • 0:00
Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa
Both Murray Rothbard and Harry Jaffa began as men of the Right. However, Rothbard turned toward the view that individuals possess rights outside of the state; Jaffa turned toward conservatism. Original Article: "Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 13, 2022 • 0:00
Everything You Love You Owe to Capitalism
Original Article: "Everything You Love You Owe to Capitalism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 12, 2022 • 0:00
When Honesty Is Disincentivized, Don't Be Surprised That Trickery Abounds
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest. Original Article: "When Honesty Is Disincentivized, Don't Be Surprised That Trickery Abounds" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 12, 2022 • 0:00
Biden Declares "MAGA Republicans" Enemies of the State
The optics of the event were likely the idea of a proud Biden staffer leaning into the “Dark Brandon” aesthetic that has become popular among regime loyalists on Twitter. To Americans outside of this Very Online echo chamber, the imagery drew connotations of sinister authoritarian regimes. Original Article: "Biden Declares "MAGA Republicans" Enemies of the State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 11, 2022 • 0:00
Inflation in the USA: Where Do We Stand Today?
Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast." Original Article: "Inflation in the USA: Where Do We Stand Today?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 8, 2022 • 0:00
The Praxeological Origins of the Price System
Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation. Original Article: "The Praxeological Origins of the Price System" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 8, 2022 • 0:00
New York City Subways: The Woes of Socialist Enterprises
New York City’s subways have become a nightmare, with rampant crime, delays, derailments, and poorly capitalized. This is a gift from "backdoor socialism." Original Article: "New York City Subways: The Woes of Socialist Enterprises" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 8, 2022 • 0:00
Blame the Fed for Both the Inflationary Boom and the Inevitable Bust
Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place. Original Article: "Blame the Fed for Both the Inflationary Boom and the Inevitable Bust" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 8, 2022 • 0:00
Defining and Defending Freedom
Original Article: "Defining and Defending Freedom" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 5, 2022 • 0:00
The Mali Empire: An African Story of Gold and Greatness
The Mali Empire flourished as a trading center and gold-producing region from the late Middle Ages into the mid-seventeenth century. Original Article: "The Mali Empire: An African Story of Gold and Greatness" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 5, 2022 • 0:00
Why I Love "Price Discrimination"
Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense. Original Article: "Why I Love "Price Discrimination"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 5, 2022 • 0:00
Review: Progressive Conservatism: How Republicans Will Become America’s Natural Governing Party
Like many modern "conservatives," F.H. Buckley believes that America's future is conservative governance with a helping of government intervention, tariffs, and regulation. Original Article: "Review: Progressive Conservatism: How Republicans Will Become America’s Natural Governing Party" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 5, 2022 • 0:00
Modern Information Control: State Intervention and Mistakes to Avoid
Aided by state intervention, disinformation is becoming a way of life in communications. Original Article: "Modern Information Control: State Intervention and Mistakes to Avoid" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 5, 2022 • 0:00
America's Secret Government by Proxy
While we often concentrate on government agents' antiliberty actions, it is easy to overlook the shadow government of private business firms and NGOs that do the government's bidding. Original Article: "America's Secret Government by Proxy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 5, 2022 • 0:00
Sound Money Can Prevent What Representative Democracy Does Not
For all of the talk about "our democracy," there is a better way to protect the lives and property of people than just electing politicians. It is called sound money. Original Article: "Sound Money Can Prevent What Representative Democracy Does Not" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
Do We Want Real Tax Cuts? How About Cutting Government Spending?
Keynesians claim that tax cuts are good because they help increase consumer spending. But here's why this doesn't matter. Original Article: "Do We Want Real Tax Cuts? How About Cutting Government Spending?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
The Story of War and Peace in the Currency Markets
The value of the US dollar has risen during the Ukraine war. If peace breaks out, the dollar might be one of its casualties. Original Article: "The Story of War and Peace in the Currency Markets" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
The Acadian Community: An Anarcho-Capitalist Success Story
Before it was destroyed by British aggression in 1755, the Acadian community in Nova Scotia provided a window into an anarcho-capitalist society that was cohesive and successful. Original Article: "The Acadian Community: An Anarcho-Capitalist Success Story" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
Biden's Student Loan Scheme Benefits the Ruling Class (Again)
With a declaration of a fake crisis and twisting an obscure law, President Joe Biden has invoked a massive wealth transfer that benefits the most privileged people in our society. Original Article: "Biden's Student Loan Scheme Benefits the Ruling Class (Again)" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
Review: How the West Brought War to Ukraine
The foreign policy establishments in the West, the United States in particular, have pursued an aggressive policy that has led to war. The sad result is moral theater in the West and death in Ukraine. Original Article: "Review: How the West Brought War to Ukraine" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
Review: The Politically Incorrect Guide to Economics
If you wish to get a better understanding of economics, don't follow the mainstream. Instead, read Thomas DiLorenzo's new book. Original Article: "Review: The Politically Incorrect Guide to Economics" This Audio Mises Wire is generously sponsored by Christopher Condon.
Sep 1, 2022 • 0:00
The African Slave Trade Wouldn't Have Been Possible without African Elites
Much of modern history portrays the African slave trade as purely a European venture. But capturing and sending slaves abroad required both approval and aid from African elites. Original Article: "The African Slave Trade Wouldn't Have Been Possible without African Elites" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 30, 2022 • 0:00
Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living
When the Nixon administration ended the dollar's ties to gold, it was yet another sad chapter in the US government's abuse of its currency. And the government learned nothing. Original Article: "Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 30, 2022 • 0:00
Taking Stock of the Assets We Have (and We Have a Lot of Them)
While the antimarket and antilibertarian forces are strong, it is easy to forget that free market advocates also have a powerful set of tools. Original Article: "Taking Stock of the Assets We Have (and We Have a Lot of Them)" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 30, 2022 • 0:00
Malcolm McLean: The Unsung Capitalist Hero Who Changed the World One Container at a Time
Before Steve Jobs and the iPhone, there was Malcolm McLean, inventor of the shipping container. McLean made the iPhone—and many other things—possible. Original Article: "Malcolm McLean: The Unsung Capitalist Hero Who Changed the World One Container at a Time" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 29, 2022 • 0:00
Trapped by Imperialist Leviathans: The Case for Freedom in Central and Eastern Europe
When the Soviet Union dominated Eastern Europe, people there looked to the West—and especially the USA—in hopes of freedom. Today, it is the West promoting culture wars and collectivism. Original Article: "Trapped by Imperialist Leviathans: The Case for Freedom in Central and Eastern Europe" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 29, 2022 • 0:00
Germany's Nuclear Choice: Russian Energy Crisis Forces a Reckoning
Not long ago, Germany's politicians were proudly phasing out nuclear power. Facing a harsh winter without Russian natural gas, the atom suddenly seems like a good alternative. Original Article: "Germany's Nuclear Choice: Russian Energy Crisis Forces a Reckoning" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 28, 2022 • 0:00
Falling Military Recruitment Is Another Sign of Waning Faith in the Regime
If falling enlistments are an indication of declining faith in the military overall—and especially declining support among conservatives—that's very good news. Original Article: "Falling Military Recruitment Is Another Sign of Waning Faith in the Regime" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 28, 2022 • 0:00
Entrepreneurship in Developing Countries: Still a Work in Progress
Entrepreneurship is the key to real development, but cultural attitudes are often a significant barrier to entrepreneurship in the developing world. Original Article: "Entrepreneurship in Developing Countries: Still a Work in Progress" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 25, 2022 • 0:00
Rethinking Climate Change: Are the Apocalyptic Models Wrong?
We are regularly being told that we are in a "climate crisis." But what if that isn't true? What if CO2 actually is good for the greening of the planet? Original Article: "Rethinking Climate Change: Are the Apocalyptic Models Wrong?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 25, 2022 • 0:00
A Tale of Two Liberties
In colonial America, "liberty" came to mean rights one possessed outside of government approval. In revolutionary France (and in modern Canada) it has come to mean participation in a political system. Original Article: "A Tale of Two Liberties" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 25, 2022 • 0:00
Is a Recession Simply a Decline in GDP? What Does That Mean?
The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place. Original Article: "Is a Recession Simply a Decline in GDP? What Does That Mean?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 25, 2022 • 0:00
Will the US Dollar Weaken against Other Currencies?
For now, the dollar seems to be doing well against other currencies, but how long will that last? Original Article: "Will the US Dollar Weaken against Other Currencies?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 25, 2022 • 0:00
Money Is Not Wealth, nor Is Wealth Natural Resources
Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period. Original Article: "Money Is Not Wealth, Nor Is Wealth Natural Resources" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 24, 2022 • 0:00
Should Libertarians Get behind States Waging "Humanitarian" Wars?
Fernando R. Tesón is all mixed up. He thinks libertarians' principled nonaggression ties their hands in the face of violence against others and that this limitation extends to good-guy states. Original Article: "Should Libertarians Get behind States Waging "Humanitarian" Wars?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 24, 2022 • 0:00
How the Public Lost Trust in the Federal Reserve (Which Should Never Have Been Trusted in the First Place)
Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone Original Article: "How the Public Lost Trust in the Federal Reserve (Which Should Never Have Been Trusted in the First Place)" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 23, 2022 • 0:00
AB 257: Another Antieconomic California Boondoggle
Not satisfied with putting thousands of people out of work with its infamous AB 5 legislation, California lawmakers now are going after fast-food businesses. Original Article: "AB 257: Another Antieconomic California Boondoggle" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 23, 2022 • 0:00
The New Green Economy Is Little More than a Keynesian Spending Scheme
Advocates of the New Green Deal emphasize new "green jobs" and other benefits, but the NGD is basically a Keynesian scheme in which government allegedly spends us into prosperity. Original Article: "The New Green Economy Is Little More than a Keynesian Spending Scheme" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 22, 2022 • 0:00
Can We See the End of the World from Here? Will We Still Feel Fine?
Typical discussions about the fate of our planet center around issues like war, climate change, and sovereignty. Peter Zelhan says "the halcyon days of 1980–2015 are over." Original Article: "Can We See the End of the World from Here? Will We Still Feel Fine?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 22, 2022 • 0:00
If Mauritius Is a Tax H(e)aven, Other African Countries Must Be Tax Hells
Elites are attacking the government of Mauritius for having lower tax rates than other African countries. The real issue is the levels of taxation in other African countries. Original Article: "If Mauritius Is a Tax H(e)aven, Other African Countries Must Be Tax Hells" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 21, 2022 • 0:00
Inflation Makes People Poorer (And It's the Government's Fault)
When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax. Original Article: "Inflation Makes People Poorer (And It's the Government's Fault)" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 21, 2022 • 0:00
Yes, Precolonial Africa Had Technology and Economic Life before Colonialism
Like all other places, Africa has a more nuanced history than what people previously have believed. The continent was not devoid of technology before the advent of colonialism, as there were pockets of inventiveness and small-scale manufacturing. Original Article: "Yes, Precolonial Africa Had Technology and Economic Life before Colonialism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 18, 2022 • 0:00
Who Is Most Responsible for the Ongoing War in Ukraine?
While most people tend to see the Ukraine-Russia war as a current phenomenon, it is the continuation of what happened in Europe more than a century ago. Original Article: "Who Is Most Responsible for the Ongoing War in Ukraine?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 18, 2022 • 0:00
We Don't Believe You
Any political statement made today, by any politician or candidate, can be answered thus: "We don't believe you." Original Article: "We Don't Believe You" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 18, 2022 • 0:00
Is Economic Growth Synonymous with Ecological Destruction? The NYT Gets It Wrong (Again)
The New York Times recently interviewed economist Herman Daly, who insists that economic growth is ecologically destructive. There is much more to the story. Original Article: "Is Economic Growth Synonymous with Ecological Destruction? The NYT Gets It Wrong (Again)" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 18, 2022 • 0:00
Patents and Progress
Patents lack a basis in natural rights; to the contrary, they may be a patent absurdity. Original Article: "Patents and Progress" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 18, 2022 • 0:00
Rising "Constitutional Carry" Is a Sign of Failing Trust in Government
In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare. Original Article: "Rising "Constitutional Carry" Is a Sign of Failing Trust in Government" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 15, 2022 • 0:00
Germany Can Save Itself, and Possibly the World, by Abandoning Four Failed Policies
Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first stage for that country. It is time to put common sense and sound economics at the forefront of German policy making. Original Article: "Germany Can Save Itself, and Possibly the World, by Abandoning Four Failed Policies" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 15, 2022 • 0:00
Africa Needs Conventional Fuels, Not Windmills and Solar Panels
Western elites are using Africa as their little laboratory for renewable energy schemes. Not surprisingly, these initiatives leave Africans in poverty and their economies in tatters. Original Article: "Africa Needs Conventional Fuels, Not Windmills and Solar Panels" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 15, 2022 • 0:00
Central Banks Have Been Hedging Rampant Regulation. Will This End Now?
The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state. Original Article: "Central Banks Have Been Hedging Rampant Regulation. Will This End Now?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 15, 2022 • 0:00
Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly. Original Article: "Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently." This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 15, 2022 • 0:00
"Coup" Means Whatever the Regime Wants It to Mean
If the situation were reversed and protestors had invaded the Capitol to support a left-wing candidate, we can be sure that the vocabulary used to describe the event would be quite different. Original Article: "'Coup' Means Whatever the Regime Wants It to Mean" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 15, 2022 • 0:00
It Is Time to Put the Red Flag to Red-Flag Laws
Both progressives and conservatives are touting so-called red-flag laws as a means to prevent mass shootings. But many shootings already have occurred in states that have these laws. Original Article: "It Is Time to Put the Red Flag to Red-Flag Laws" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 12, 2022 • 0:00
Low Interest Rates and High Taxes Won't Help against Inflation: The Economy Needs Savings and Real Investment
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help. Original Article: "Low Interest Rates and High Taxes Won't Help against Inflation: The Economy Needs Savings and Real Investment" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 12, 2022 • 0:00
The Attempt to Prosecute Donald Trump Is Unleashing More Than Our Political System Can Handle
The recent raid on Donald Trump's Florida home is one more event in Democrats and Never Trumpers' never-ending attempt to have Trump arrested, convicted, and imprisoned. Our political classes are unleashing something that cannot be contained. Original Article: "The Attempt to Prosecute Donald Trump Is Unleashing More Than Our Political System Can Handle" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 12, 2022 • 0:00
After Secession, What Happens to the National Debt?
National divorce does happen, and debts are not necessarily repudiated as a result. We can look to examples from Latin America, Eastern Europe, and the Czech-Slovak split. Original Article: "After Secession, What Happens to the National Debt?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 10, 2022 • 0:00
Why the "New World Order" Is Impossible to Implement without Creating Mass Chaos
Global elites have a "wonderful" plan for the rest of us, even if they don't intend to live within its strictures. Original Article: "Why the "New World Order" Is Impossible to Implement without Creating Mass Chaos" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 10, 2022 • 0:00
The Agenda behind Climate Change Catastrophism
On top of Congress passing the "Climate Relief Bill," environmentalists also demand that President Joe Biden declare a "climate emergency" in order to seize new powers ostensibly to combat dreaded climate change. However, climate alarmism is not based on reality. Original Article: "The Agenda behind Climate Change Catastrophism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 10, 2022 • 0:00
A Political Victory for the Joes Is a Loss for the Country
Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites. Original Article: "A Political Victory for the Joes Is a Loss for the Country" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 9, 2022 • 0:00
The Great Reset at Work: The Dystopian Transformation of the Food Industry
Fresh off destroying the agricultural economy of Sri Lanka, the Great Reset crowd now is urging people to eat insects in order to combat the food shortages that the self-appointed elites have caused. Original Article: "The Great Reset at Work: The Dystopian Transformation of the Food Industry" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Economies Cannot Produce Wealth without Patience and Long-Term Horizons
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking. Original Article: "Economies Cannot Produce Wealth without Patience and Long-Term Horizons" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Do Tariffs Create Prosperity? Challenging the Populist Right on Trade
Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can't replace sound economics. Original Article: "Do Tariffs Create Prosperity? Challenging the Populist Right on Trade" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
How British Efforts to Enforce Equality Have Led to a Woke Totalitarianism
The government of the United Kingdom is using coercive means to promote its dubious goals of "diversity and inclusion." In the end, freedom recedes while state power increases. Original Article: "How British Efforts to Enforce Equality Have Led to a Woke Totalitarianism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Like Its Irresponsible Northern Neighbor, Mexico Is Also Suffering from Inflation
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies. Original Article: "Like Its Irresponsible Northern Neighbor, Mexico Is Also Suffering from Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Divine Monarchy: Exploitative or Beneficial?
While divine monarchy might seem illogical or archaic, it had a larger positive economic impact in society that historians have overlooked. Original Article: "Divine Monarchy: Exploitative or Beneficial?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD. Original Article: "Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Green Myths and Hard Realities: Sri Lanka as a Warning
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world. Original Article: "Green Myths and Hard Realities: Sri Lanka as a Warning" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 8, 2022 • 0:00
Rastafarianism's Antistate Beginnings: It's More Than Just Bob Marley's Music
Mention Rastafarianism and most likely Reggae, dreadlocks, and Bob Marley come to mind. However, Rastafarianism helped downtrodden Jamaicans resist the oppressions of colonialism. Original Article: "Rastafarianism's Antistate Beginnings: It's More Than Just Bob Marley's Music" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 5, 2022 • 0:00
Private Property and Customer Safety: Starbucks Learns a Hard Lesson
The news that Starbucks is closing sixteen stores due to customer safety concerns exposes the lack of police protection in cities and the problems with allowing noncustomers to remain in stores. Original Article: "Private Property and Customer Safety: Starbucks Learns a Hard Lesson" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 4, 2022 • 0:00
Emil Kauder as an Austrian Dehomogenizer
Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light. Original Article: "Emil Kauder as an Austrian Dehomogenizer" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 4, 2022 • 0:00
The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance
Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear." Original Article: "The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 4, 2022 • 0:00
Is Nationalism a Good Thing? It Depends.
It’s impossible to simply declare nationalism itself to be good or bad. Its goodness or badness depends primarily on its effect on existing regimes and state institutions. Original Article: "Is Nationalism a Good Thing? It Depends." This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 3, 2022 • 0:00
Inflation Takings Require Just Compensation: Slash Governments!
Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings. Original Article: "Inflation Takings Require Just Compensation: Slash Governments!" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 3, 2022 • 0:00
Regional Territories: A Decentralization Plan for the USA
As political divisions worsen in the United States, one remedy besides secession might be to create semiautonomous regional territories. Original Article: "Regional Territories: A Decentralization Plan for the USA" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 3, 2022 • 0:00
Yellen: "Recession" Doesn't Mean What You Think It Means
With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession." Original Article: "Yellen: "Recession" Doesn't Mean What You Think It Means" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 3, 2022 • 0:00
The Economy Needs a Volcker Moment
When Paul Volcker was Fed chairman forty years ago, he did what was necessary to bring down inflation. Unfortunately, the current Fed leadership at best is engaging in Volcker Lite. Original Article: "The Economy Needs a Volcker Moment" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 2, 2022 • 0:00
Covid-19 and the Continuing Erosion of Private Property Rights
Lest anyone underestimate the brutality of state control, the way governments have handled the covid-19 pandemic demonstrates the authorities have not yet hit bottom. Original Article: "Covid-19 and the Continuing Erosion of Private Property Rights" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 2, 2022 • 0:00
The Competing Ideologies for the Collectivist Mind
Modern socialists claim that Hitler's Nazi regime was the antithesis of socialism. Hitler would have disagreed, as he saw himself and his movement as being primarily socialist. Original Article: "The Competing Ideologies for the Collectivist Mind" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 2, 2022 • 0:00
GDP Provides a False Reading of the State of the Economy
Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically. Original Article: "GDP Provides a False Reading of the State of the Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Aug 2, 2022 • 0:00
Liberty versus "Relational Egalitarianism"
Egalitarian liberals think that basic liberties can be violated in the quest for equality and even that "the natural duty to promote justice straightforwardly implies a duty to establish states." Original Article: "Liberty versus "Relational Egalitarianism"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 28, 2022 • 0:00
The Canaries in the Coal Mines Are No Longer Singing
Mortgage companies and realtors are today's canaries. They're in deep trouble, and so are the rest of us. Original Article: "The Canaries in the Coal Mines Are No Longer Singing" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 28, 2022 • 0:00
The Language Vandals
Language is an institution in society. We need to protect it from vandals in the state-linguistic complex. Original Article: "The Language Vandals" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 28, 2022 • 0:00
The Federal Reserve Now Is between the Proverbial Rock and a Hard Place
The great credit expansion Alan Greenspan began thirty years ago has finally run its course. The Fed no longer can expand credit to fight the oncoming recession. Original Article: "The Federal Reserve Now Is between the Proverbial Rock and a Hard Place" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 28, 2022 • 0:00
How to Teach Austrian Economics in the Current Political Atmosphere
As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change. Original Article: "How to Teach Austrian Economics in the Current Political Atmosphere" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 28, 2022 • 0:00
Do Free Markets Create a Wasteful "Landfill Economy"? Definitely Not
Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources. Original Article: "Do Free Markets Create a Wasteful "Landfill Economy"? Definitely Not" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 27, 2022 • 0:00
Like the Fed, the ECB Is Still a Long Way from "Normal" Monetary Policy
It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation. Original Article: "Like the Fed, the ECB Is Still a Long Way from "Normal" Monetary Policy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 27, 2022 • 0:00
Toleration Does Not Require Calling Evil Good
Bombing private property is bad. So, when someone bombed the pro-eugenics, antihuman Georgia "guidestones," we naturally condemned the bombing. But let's not pretend the monument was a good thing. Original Article: "Toleration Does Not Require Calling Evil Good" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 27, 2022 • 0:00
Interest Rate Tightening Will Cause Even More Economic Destruction
Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth. Original Article: "Interest Rate Tightening Will Cause Even More Economic Destruction" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 27, 2022 • 0:00
The Fallacy of Calls for a "Manhattan Project" to Solve National Economic Challenges
Politicians, academics, and the media often call for a new Manhattan Project to deal with economic issues. But there is a huge difference between technological problems and economic ones. Original Article: "The Fallacy of Calls for a "Manhattan Project" to Solve National Economic Challenges" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 27, 2022 • 0:00
If Government Can Take from One Group, It Can and Will Take from Everyone
While governments have been assaulting private property rights for many years, they now are ramping up the pressure. Nothing less than our civilization is at stake. Original Article: "If Government Can Take from One Group, It Can and Will Take from Everyone" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 22, 2022 • 0:00
Hotter than the Sun: Finally, a Book Worth Reading
Even though the Cold War ended three decades ago, the threat of nuclear war still hangs over us. Scott Horton reminds us that preventing nuclear war should always be high on our political agenda. Original Article: "Hotter than the Sun: Finally, a Book Worth Reading" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 20, 2022 • 0:00
Libertarian Law by Democratic Means: A Method for Conflict Resolution
What is libertarian law and how does it function? Ludwig von Mises answered some of those questions and helped chart a path to achieving such a state of affairs. Original Article: "Libertarian Law by Democratic Means: A Method for Conflict Resolution" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 20, 2022 • 0:00
We Need More Inequality, Not Less
Progressives claim that inequality is causing poverty and making people's lives worse. In reality, inequality leads to better economic outcomes overall and pulls more people out of poverty. Original Article: "We Need More Inequality, Not Less" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 19, 2022 • 0:00
Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed
June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades. Original Article: "Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 19, 2022 • 0:00
Nozick on Morality and Evolution
It is hard to explain through evolution how we know any necessary truths. Does this give us reason to abandon necessary truth? Nozick thinks so. Original Article: "Nozick on Morality and Evolution" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 19, 2022 • 0:00
Like the Old McCarthyism, the New McCarthyism Targets Russia
In the 1950s, McCarthyism targeted people who were accused of supporting Russia. Today's McCarthyism targets people accused of supporting … Russia. Some things never change. Original Article: "Like the Old McCarthyism, the New McCarthyism Targets Russia" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 19, 2022 • 0:00
Argentina's Difficult Political Landscape and Libertarian Prospects for Change
Once wealthy Argentina has suffered under one interventionist regime after another for nearly a century. What are the prospects for changing things for the better? Original Article: "Argentina's Difficult Political Landscape and Libertarian Prospects for Change" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 18, 2022 • 0:00
Consumers, Workers, and Monopolies: Free Markets Serve All
The ruling class is claiming that free markets are nothing more than a "trickle-down" scheme. But a free market system really does serve society best. Original Article: "Consumers, Workers, and Monopolies: Free Markets Serve All" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 18, 2022 • 0:00
The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country
The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled. Original Article: "The Fed Cannot Go Bankrupt; However, It Can Bankrupt the Country" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 18, 2022 • 0:00
China's Draconian Lockdown Policies: Major Consequences to Follow
In an attempt to stymie the spread of covid-19, the Chinese government has imposed reckless and harmful lockdown policies in several cities. This will not end well. Original Article: "China's Draconian Lockdown Policies: Major Consequences to Follow" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 15, 2022 • 0:00
Critical Race Theory: Academic Malfeasance and Fraudulence
CRT is what happens when methodological individualism is abandoned and replaced by “systems” and “structures” that apparently do everything while actual people do nothing. Original Article: "Critical Race Theory: Academic Malfeasance and Fraudulence" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 15, 2022 • 0:00
The Industrial Revolution and the West Indies: Did the Colonies Spark Progress in the Metropole?
The West Indies played a vital role in growing the British economy in the eighteenth century. Original Article: "The Industrial Revolution and the West Indies: Did the Colonies Spark Progress in the Metropole?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 15, 2022 • 0:00
Turns Out the Elites Like the Administrative State Better than Democracy
The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy. Original Article: "Turns Out the Elites Like the Administrative State Better than Democracy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 15, 2022 • 0:00
College Conference Switching as Secession? A Case Study in "Nations by Consent"
One way to interpret Southern Cal and UCLA's move to switch conferences and join the Big 10 is as a form of peaceful secession. Original Article: "College Conference Switching as Secession? A Case Study in 'Nations by Consent'" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 15, 2022 • 0:00
Is the Constitution a Centralizing or Decentralizing Document?
People often speak of the Constitution with reverence, as though it were infallible. However, the Constitution was a centralizing document that cast aside the decentralization of the Articles of Confederation. Original Article: "Is the Constitution a Centralizing or Decentralizing Document?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 14, 2022 • 0:00
SCOTUS Attacked Indian Tribe Sovereignty in Castro-Huerta, and That's a Bad Thing.
Indian tribe sovereignty has long been a much neglected, yet important, tool in decentralizing and limiting government power in the US. Original Article: "SCOTUS Attacked Indian Tribe Sovereignty in Castro-Huerta, and That's a Bad Thing." This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 14, 2022 • 0:00
More than Sixty Years after "Liberation," Cuba Is a Communist Slave State
More than sixty years after being "liberated" by Fidel Castro and communism, Cuba has become a large slave state where people enjoy little freedom. Original Article: "More than Sixty Years after "Liberation," Cuba Is a Communist Slave State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 14, 2022 • 0:00
Federalism, Not Centralization, Is the Way out of the Current Conflicts
Since the overturning of Roe v. Wade, pundits on the Left have demanded even more centralization of government. But federalism is the best way forward. Original Article: "Federalism, Not Centralization, Is the Way out of the Current Conflicts" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 14, 2022 • 0:00
Krugman Is Wrong (Again): Artificially Low Interest Rates Created Bubbles
Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies. Original Article: "Krugman Is Wrong (Again): Artificially Low Interest Rates Created Bubbles" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 13, 2022 • 0:00
Nine Ways Debt and Deficit Spending Severely Harm African Societies
Keynesian economics is a scourge to any nation that tries it, and African countries are no exception. Original Article: "Nine Ways Debt and Deficit Spending Severely Harm African Societies" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 13, 2022 • 0:00
Civil Society and Counterrevolution against Progressivism
"Repealing the twentieth century" sounds like madness to many. Yet the progressivism that came from that century will be the death knell of civilization if not stopped. Original Article: "Civil Society and Counterrevolution against Progressivism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 13, 2022 • 0:00
Africa's Entrepreneurs: The Igbos of Nigeria
Groups targeted by class warriors in America will achieve more if they follow the Igbos’ path and ignore the politics of grievance. Original Article: "Africa's Entrepreneurs: The Igbos of Nigeria" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 13, 2022 • 0:00
Here We Go Again: The Fed Is Causing Another Recession
The relative lack of inflation in Japan doesn't mean real wages haven't fallen. Original Article: "Here We Go Again: The Fed Is Causing Another Recession" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
Will Argentina's Next President Be a Rothbardian?
Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history. Original Article: "Will Argentina's Next President Be a Rothbardian?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
War Spending Gives MMTers and the Left a Strong Talking Point
When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point. Original Article: "War Spending Gives MMTers and the Left a Strong Talking Point" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
The Unending Farce of US Sanctions against Russia
While the economic sanctions against Russia are helping to impoverish people in that country, they are doing a lot of damage elsewhere too. Original Article: "The Unending Farce of US Sanctions against Russia" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
To Avoid Civil War, Learn to Tolerate Different Laws in Different States
The end of Roe may force many Americans to recognize that the United States is not one place. It is many places. The key is to reject uniform federal policy. Original Article: "To Avoid Civil War, Learn to Tolerate Different Laws in Different States" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
The Fed's Tightening Will Only Drag Out the Economic Slump
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply. Original Article: "The Fed's Tightening Will Only Drag Out the Economic Slump" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
Powell Is the New Arthur Burns, Not the New Paul Volcker
With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation. Original Article: "Powell Is the New Arthur Burns, Not the New Paul Volcker" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
Entrepreneurship Should Be the Goal, Not White-Collar Jobs
Many of the best-known civil rights leaders eschewed entrepreneurship, emphasizing that blacks seek employment in the professions and government jobs. Original Article: "Entrepreneurship Should Be the Goal, Not White-Collar Jobs" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
Developing Countries Don't Need Wealth Transfers; They Need Free Markets
The standard line among the Great Reset crowd is that capitalism exploits poor nations and causes poverty. In reality, capitalism and free markets have reduced poverty around the world. Original Article: "Developing Countries Don't Need Wealth Transfers; They Need Free Markets" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
How the BOJ Created "Noninflationary" Money While Ruining the Japanese Economy
The relative lack of inflation in Japan doesn't mean real wages haven't fallen. Original Article: "How the BOJ Created "Noninflationary" Money While Ruining the Japanese Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
Rising Interest Rates May Blow Up the Federal Budget
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end. Original Article: "Rising Interest Rates May Blow Up the Federal Budget" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 7, 2022 • 0:00
Who Really Makes US Foreign Policy? Who Benefits and Who Loses?
US foreign policy is a morass of lobbying, payouts, decisions, and power plays that violates the standards this country claims to promote. Original Article: "Who Really Makes US Foreign Policy? Who Benefits and Who Loses?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
What Will It Take to End Rampant Home-Price Inflation?
Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008. Original Article: "What Will It Take to End Rampant Home-Price Inflation?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
Government Intervention Is Fueling Food Shortages
Neither the Ukraine war nor tough weather changes would threaten a global food shortage in a normal market environment. Unfortunately, world markets are riddled with regulations, killing production. Original Article: "Government Intervention Is Fueling Food Shortages" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
Economic Winter Has Arrived
The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession. Original Article: "Economic Winter Has Arrived" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
How Governments Expropriate Wealth with Inflation and Taxes
Did you feel happy when the government gave you a check paid with printed money? Watch now as your daily groceries, gas and power become unaffordable. Original Article: "How Governments Expropriate Wealth with Inflation and Taxes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
Don't Blame Social Media. Blame the Politicization of Nearly Everything
Although social media is blamed for many social ills, the sickness doesn't come from Twitter or Facebook but from how the ruling classes have politicized life itself. Original Article: "Don't Blame Social Media. Blame the Politicization of Nearly Everything" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
How Bad Were Recessions before the Fed? Not as Bad as They Are Now
The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse. Original Article: "How Bad Were Recessions before the Fed? Not as Bad as They Are Now" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
Contra Ben Bernanke, the Gold Standard Promotes Economic Stability
Ben Bernanke once claimed that a monetary gold standard caused economic instability. He failed to mention that his fiat money standard causes the boom-and-bust cycles. Original Article: "Contra Ben Bernanke, the Gold Standard Promotes Economic Stability" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
The Austrian Economics Meeting Europe Got a Taste of Cancel Culture
Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania. Original Article: "The Austrian Economics Meeting Europe Got a Taste of Cancel Culture" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 5, 2022 • 0:00
US Household Saving Rate Vanishes, Credit Card Debt Soars
The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession. Original Article: "US Household Saving Rate Vanishes, Credit Card Debt Soars" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 1, 2022 • 0:00
Guns and Self-Defense
As antigun studies surface left and right, it's worth remembering that the right to self-defense isn't merely about being safe. It's about having the choice to defend yourself. Original Article: "Guns and Self-Defense" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 1, 2022 • 0:00
Back to the Future: Progressives Imagine the Good Old Days of Price Controls
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls. Original Article: "Back to the Future: Progressives Imagine the Good Old Days of Price Controls" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 1, 2022 • 0:00
Why Police Do Nothing While Kids Are Killed
Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences. Original Article: "Why Police Do Nothing While Kids Are Killed" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jul 1, 2022 • 0:00
From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes. Original Article: "From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 30, 2022 • 0:00
Independence for Chagossians? Time to End Colonialist Policies
The Mauritius government still denies Chagossians independence, continuing colonial policies. Original Article: "Independence for Chagossians? Time to End Colonialist Policies" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 30, 2022 • 0:00
A Perfect Storm Is Brewing in Banking and Finance
Forget Jerome Powell's fanciful "soft landing" or the notion that the Fed can pull another rabbit from its hat. The banking system is headed for a crash and monetary authorities likely will make things worse. Original Article: "A Perfect Storm Is Brewing in Banking and Finance" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 30, 2022 • 0:00
The Great Crash of 2022
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash. Original Article: "The Great Crash of 2022" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 30, 2022 • 0:00
Jamaica's Experience Shows That Even Draconian Gun Control Will Not Stop Gun Violence
In the wake of mass shootings, progressives claim that draconian gun laws will stop these tragic events. However, the gun control record in places like Jamaica provides contrary evidence. Original Article: "Jamaica's Experience Shows That Even Draconian Gun Control Will Not Stop Gun Violence" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 24, 2022 • 0:00
How Money Printing Destroyed Argentina and Can Destroy Others
Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand. Original Article: "How Money Printing Destroyed Argentina and Can Destroy Others" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 24, 2022 • 0:00
In Defense of Defaulting on the National Debt
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable? Original Article: "In Defense of Defaulting on the National Debt" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 24, 2022 • 0:00
144 Million Americans Now Live in States with Legal Recreational Marijuana
Were these cannabis-legal states to combine to form their own country, it would be the tenth-largest country in the world. Original Article: "144 Million Americans Now Live in States with Legal Recreational Marijuana" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 24, 2022 • 0:00
For Presidents, Unpopularity Is a Simple PR Problem. Biden Is No Exception
The Biden administration, stung by low poll numbers, insists that the president is receiving unfair PR, which is hiding the "truth" about Biden's many accomplishments. Original Article: "For Presidents, Unpopularity Is a Simple PR Problem. Biden Is No Exception" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 23, 2022 • 0:00
The Biden Administration's Ignorant Energy Policies: Higher Gas Prices Are Only the Beginning
Americans are looking at a grim energy future, thanks to government. Original Article: "The Biden Administration's Ignorant Energy Policies: Higher Gas Prices Are Only the Beginning" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 23, 2022 • 0:00
A Triple-Barreled Gun Is Destroying African Economies: Inflation, Government Debt, and Taxes
African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes. Original Article: "A Triple-Barreled Gun Is Destroying African Economies: Inflation, Government Debt, and Taxes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 23, 2022 • 0:00
The Fed Is Winging It: A 75 Basis Point Hike "Seemed like the Right Thing"
When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there." Original Article: 'The Fed Is Winging It: A 75 Basis Point Hike "Seemed like the Right Thing"' This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 23, 2022 • 0:00
Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices. Original Article: "Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 22, 2022 • 0:00
Rising Interest Rates Are Revealing the True Damage Done by the Fed
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices. Original Article: "Rising Interest Rates Are Revealing the True Damage Done by the Fed" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 22, 2022 • 0:00
No, It's Not "Greed" or "Price Gouging" That's Driving up Gas Prices
By late 2021, fueled by trillions in newly printed money, gasoline prices had surged to ten-year highs. Now, even in inflation-adjusted terms, gasoline prices are surging to new highs. Original Article: "No, It's Not "Greed" or "Price Gouging" That's Driving up Gas Prices" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 22, 2022 • 0:00
California Scheming: The Progressive Leadership's New Plan to Impose High-Cost, Low-Quality Medical Care
California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective. Original Article: "California Scheming: The Progressive Leadership's New Plan to Impose High-Cost, Low-Quality Medical Care" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 21, 2022 • 0:00
Market Success Is about Giving People What They Want
Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions. Original Article: "Market Success Is about Giving People What They Want" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 21, 2022 • 0:00
The Great Reset: Turning Back the Clock on Civilization
The so-called Great Reset is an attempt by wealthy elites and their allies to control people's lives. Their schemes need to be both exposed and resisted. Original Article: "The Great Reset: Turning Back the Clock on Civilization" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 21, 2022 • 0:00
Wholesale Prices Rise More than 10 Percent, Pointing to Continued Price Hikes
Year-over-year PPI growth came in at over 10 percent for the sixth month in a row. This will put more pressure on the Fed to "do something." Original Article: "Wholesale Prices Rise More than 10 Percent, Pointing to Continued Price Hikes" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 21, 2022 • 0:00
Slowing Money Supply Growth in 2022 Points to Recession
During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent. Original Article: "Slowing Money Supply Growth in 2022 Points to Recession" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 20, 2022 • 0:00
Interest Rates Are Rising, but the Fed Continues to Be Reckless
The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy. Original Article: "Interest Rates Are Rising, but the Fed Continues to Be Reckless" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 20, 2022 • 0:00
Why Progressives Love Government "Experts"
Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe. Original Article: "Why Progressives Love Government 'Experts'" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 20, 2022 • 0:00
The New Deal: Admissions against Interest
Though Kuttner thinks the New Deal a great success, he himself lays out some of its many problems. Original Article: "The New Deal: Admissions against Interest" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 20, 2022 • 0:00
Even When There Is Inflation, the Fed STILL Fights Falling Prices
Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation. Original Article: "Even When There Is Inflation, the Fed STILL Fights Falling Prices" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 17, 2022 • 0:00
Are Technology Shocks Responsible for Business Cycles? In a Word, No.
The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect. Original Article: "Are Technology Shocks Responsible for Business Cycles? In a Word, No." This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 16, 2022 • 0:00
The Five Stages of Totalitarianism
Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss. Original Article: "The Five Stages of Totalitarianism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 16, 2022 • 0:00
Instead of Uniting the World, Globalization Has Set Nation against Nation
The Davos crowd sold globalization as a way to bring nations together. Unfortunately, by insisting on political conformity, the globalists have set the world on fire. Original Article: "Instead of Uniting the World, Globalization Has Set Nation against Nation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 14, 2022 • 0:00
Will Punch-Drunk Biden Take America Down with Him?
Inflation is at a forty-year high, fuel prices are wreaking havoc, and there's no end in sight. Time for Biden to tell us how good we have it. Original Article: "Will Punch-Drunk Biden Take America Down with Him?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 14, 2022 • 0:00
Are Today's Homeownership Rates Sustainable?
Skyrocketing asset prices are great for hedge fund managers and Wall Street types, but they increasingly drive ordinary people into unsustainably large amounts of debt. Original Article: "Are Today's Homeownership Rates Sustainable?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 14, 2022 • 0:00
The Fair Tax Is the Tax That Will Not Die
The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax. Original Article: "The Fair Tax Is the Tax That Will Not Die" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 14, 2022 • 0:00
Let's Boycott Them!
Since the state is incorrigible and incapable of being reformed, perhaps the best way to deal with government predations is to boycott the elections. Original Article: "Let's Boycott Them!" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 13, 2022 • 0:00
Finland and Sweden in NATO: Disregarding the Benefits of Neutrality
In seeking membership in NATO, Finland and Sweden seem to believe they will have more military security. But they also are giving up their precious independence. Original Article: "Finland and Sweden in NATO: Disregarding the Benefits of Neutrality" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 13, 2022 • 0:00
Bastiat Predicted the Baby Formula Crisis 170 Years before It Happened
Although Biden presented the formula shortage as caused by "forces" outside the USA, the shortage is homegrown. Bastiat could have explained why. Original Article: "Bastiat Predicted the Baby Formula Crisis 170 Years before It Happened" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 9, 2022 • 0:00
Debt-Fueled Demand and Oil Price Inflation Brings Airfares Roaring Back
Airfares may surge 40 percent or more in 2022. This could be the biggest price increase in many decades. Original Article: "Debt-Fueled Demand and Oil Price Inflation Brings Airfares Roaring Back" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 8, 2022 • 0:00
The WHO's Pandemic Treaty: The End of National Sovereignty and Freedom
The proposed WHO Pandemic Treaty is nothing less than an exercise in medical totalitarianism. Welcome to the rule of the medical bureaucrat. Original Article: "The WHO's Pandemic Treaty: The End of National Sovereignty and Freedom" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 8, 2022 • 0:00
Don't Be Fooled: The World's Central Bankers Still Love Inflation
The proposed WHO Pandemic Treaty is nothing less than an exercise in medical totalitarianism. Welcome to the rule of the medical bureaucrat. Original Article: "Don't Be Fooled: The World's Central Bankers Still Love Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 8, 2022 • 0:00
Why Russia's Authoritarian Regime Continues to Enjoy Public Support
Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support. Original Article: "Why Russia's Authoritarian Regime Continues to Enjoy Public Support" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 8, 2022 • 0:00
Davos Man Is at It Again: The 2022 Annual Meeting of the World Economic Forum
Once upon a time, the progressive hero was "socialist man." Today, we have "Davos man," who is ready to plan your life for you—your wishes notwithstanding. Original Article: "Davos Man Is at It Again: The 2022 Annual Meeting of the World Economic Forum" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 7, 2022 • 0:00
Covid and Its Statist Legacy: How Did We Get to This Point?
The Great Reset usually is framed as the reestablishment of democratic social principles. In reality, it's an attempt to do away with the last vestiges of classical liberalism. Original Article: "Covid and Its Statist Legacy: How Did We Get to This Point?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 7, 2022 • 0:00
Elon Musk versus the Woke Cartel
Because of Elon Musk's attempt to take over Twitter, Tesla has been removed from the S&P's ESG Index, an action that exposes ESG for what it really is: a woke cartel. Original Article: "Elon Musk versus the Woke Cartel" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 6, 2022 • 0:00
The Backstory of the Great Reset, or How to Destroy Classical Liberalism
The Great Reset usually is framed as the reestablishment of democratic social principles. In reality, it's an attempt to do away with the last vestiges of classical liberalism. Original Article: "The Backstory of the Great Reset, or How to Destroy Classical Liberalism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 6, 2022 • 0:00
The Great Capitalist Novel
Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures. Original Article: "The Great Capitalist Novel" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 6, 2022 • 0:00
Politicizing Mass Shootings Only Guarantees There Will Be More of Them
Mass shootings are bad enough, but progressives have turned them into political events. They then claim that further politicizing these tragedies will reduce their number. Original Article: "Politicizing Mass Shootings Only Guarantees There Will Be More of Them" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 6, 2022 • 0:00
Uvalde's Biggest Mistake Was Trusting the Police to "Keep Us Safe"
Knee-jerk support for the police helps gun control advocates by undermining the most fundamental reason for gun ownership: the government's armed enforcers won't keep us safe and are likely to abuse their power. Original Article: "Uvalde's Biggest Mistake Was Trusting the Police to "Keep Us Safe" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 6, 2022 • 0:00
Capitalism Is Not Racist; Capitalism Undermines Racism
Leftist regularly accuse capitalism of depending upon racism for its existence, but history tells a much different story. Original Article: "Capitalism Is Not Racist; Capitalism Undermines Racism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 6, 2022 • 0:00
Peace through Strength? Excessive US Military Spending Encourages More War
American politicians claim that excessive military spending makes Americans "safe." The record shows otherwise. Original Article: "Peace through Strength? Excessive US Military Spending Encourages More War" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 2, 2022 • 0:00
Mergers, Acquisitions, and Market Manias: The Fed Has Made Things Worse
As the economy begins to slow, the results of the Fed's money pumping are showing up in mergers and acquisitions. Original Article: "Mergers, Acquisitions, and Market Manias: The Fed Has Made Things Worse" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 2, 2022 • 0:00
Government Spending Is the Real Tax; Deficits Are a Sideshow
While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself. Original Article: "Government Spending Is the Real Tax; Deficits Are a Sideshow" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 2, 2022 • 0:00
Just How Common Are School Shootings?
Thirty-nine people were killed in school shootings in 2018 (one of the worst years). In the same period, 900 children drowned, and 1,800 were murdered via child abuse. Original Article: "Just How Common Are School Shootings?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 2, 2022 • 0:00
Police Botched the Uvalde Standoff. Now Gun Controllers Want to Give Police More Power.
Police stood around outside the Uvalde, Texas, school while a gunman shot children inside. Meanwhile, gun control advocates tell us we should just trust the cops to keep us safe. Original Article: "Police Botched the Uvalde Standoff. Now Gun Controllers Want to Give Police More Power." This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 1, 2022 • 0:00
To Succeed, the AfCFTA Must Be about Actual Free Trade, Not Government-Managed "Free Trade"
The African Continent Free Trade Area has the potential to serve Africans and bring about better living standards. However, it is threatened by government attempts to "manage" trade. Original Article: "To Succeed, the AfCFTA Must Be about Actual Free Trade, Not Government-Managed 'Free Trade'" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 1, 2022 • 0:00
Ireland: When MMT and Price Controls Collide, Little Remains
Ireland has been "experimenting" with MMT and price controls. The results are predictable. Original Article: "Ireland: When MMT and Price Controls Collide, Little Remains" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 1, 2022 • 0:00
Covid-19: Assessing the Madness in Year 3
By making covid a political virus, progressive politicians, cheered on by their media, applied political "solutions" that failed to protect the most vulnerable people. Original Article: "Covid-19: Assessing the Madness in Year 3" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jun 1, 2022 • 0:00
Federal Control of Abortion Laws Is Modern Colonialism
The proabortion centralist line of "accept our definition of human rights, or else" is what we'd expect from the imperialists of old who claimed the "savages" in the colonies couldn't be trusted with self-government. Original Article: "Federal Control of Abortion Laws Is Modern Colonialism" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 31, 2022 • 0:00
The New Postliberalism
There are two competing visions for the Right. Original Article: "The New Postliberalism" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 31, 2022 • 0:00
What Krugman Gets Right and Wrong on Trade Surpluses
Krugman’s recent NYT column on Russia features commentary on trade surpluses that is at best very misleading. Original Article: "What Krugman Gets Right and Wrong on Trade Surpluses" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 31, 2022 • 0:00
The Fed's Latest Housing Bubble
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed. Original Article: "The Fed's Latest Housing Bubble" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 31, 2022 • 0:00
The Pandemic of Executive Overreach Comes to an End. When Will the Next One Begin?
While the covid-19 pandemic brought sickness and death, another pandemic raged through Washington: abuse of executive power. Original Article: "The Pandemic of Executive Overreach Comes to an End. When Will the Next One Begin?" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 27, 2022 • 0:00
Austrian Economists Are Not Surprised by the Shortages
While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement. Original Article: "Austrian Economists Are Not Surprised by the Shortages" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 27, 2022 • 0:00
It's Not Just the USA: The Economic Instability Is Global
The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon. Original Article: "It's Not Just the USA: The Economic Instability Is Global" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 25, 2022 • 0:00
NATO Plans to Rip Off Americans Even More as Sweden and Finland Set to Join
The Europeans are welcome to keep NATO going if they like. But the time has come for the United States to exit. Original Article: "NATO Plans to Rip Off Americans Even More as Sweden and Finland Set to Join" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 25, 2022 • 0:00
Christianity and the Development of Human Capital: Challenging the Narratives
While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital. Original Article: "Christianity and the Development of Human Capital: Challenging the Narratives" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 25, 2022 • 0:00
McDonald's Closes All Stores in Russia as Woke Russophobes Rage
The presence of American companies in foreign nations was once seen as a sign of American superiority and an instrument of American cultural power. Not anymore. Original Article: "McDonald's Closes All Stores in Russia as Woke Russophobes Rage" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 25, 2022 • 0:00
Massive State Economic Intervention Has Led to This Point
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment. Original Article: "Massive State Economic Intervention Has Led to This Point" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 24, 2022 • 0:00
Understanding Russia's War: The Strange Philosophy of Aleksandr Dugin
Trying to interpret the actions of Vladimir Putin or politics in Russia using Western narratives is likely to end in failure. Original Article: "Understanding Russia's War: The Strange Philosophy of Aleksandr Dugin" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 23, 2022 • 0:00
Inflation, War, and Oil: How Today's Crises Are Rehashing the 1970s
Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries. Original Article: "Inflation, War, and Oil: How Today's Crises Are Rehashing the 1970s" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 19, 2022 • 0:00
It Just Might Be Time to Listen to the Austrians
The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say. Original Article: "It Just Might Be Time to Listen to the Austrians" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 18, 2022 • 0:00
The Transgender Debate Should Be about Women's Freedom and Private Property Rights
Enforceable and accepted private property rights can help bring some solutions to the acrimonious debate over transgenderism and transgender rights. Original Article: "The Transgender Debate Should Be about Women’s Freedom and Private Property Rights" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 17, 2022 • 0:00
Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine
Proponents of arming Ukraine against Russia call critics "isolationists" as a pejorative term. But these "entangling alliances" have a history of sad endings with tragic results. Original Article: "Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 17, 2022 • 0:00
Africa's Way Out of Monetary Colonialism
Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues. Original Article: "Africa's Way Out of Monetary Colonialism" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 16, 2022 • 0:00
France Is Catching Up to Japan, but Not in a Good Way
France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth. Original Article: "France Is Catching Up to Japan, but Not in a Good Way" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 16, 2022 • 0:00
The Fed Gets It Wrong on Money Velocity, Too
Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy. Original Article: "The Fed Gets It Wrong on Money Velocity, Too" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 15, 2022 • 0:00
History and Institutions Matter: The Postslavery Development of Jamaica and Barbados
Why did Barbados postslavery develop a more robust economy than Jamaica even though the people had similar ethnic backgrounds? Original Article: "History and Institutions Matter: The Postslavery Development of Jamaica and Barbados" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 14, 2022 • 0:00
From El Salvador to Africa, the Next Currency War Pits Populists against Bankers
In the face of the coming hardship, central bankers and globalist institutions are going to demand more power to respond to the crisis they created. Bitcoin gives their political opponents a weapon against them. Original Article: "From El Salvador to Africa, the Next Currency War Pits Populists against Bankers" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 14, 2022 • 0:00
African Politicians Must Stop Blaming Others for Africa's Economic Woes
Colonialism, imperialism, unfair trade, and more. African politicians look everywhere for the causes of Africa's poverty and chaos but in the mirror. Original Article: "African Politicians Must Stop Blaming Others for Africa's Economic Woes" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 14, 2022 • 0:00
Baby Formula: Thank Protectionists and the FDA for the Shortage
With the shortage have come the usual half-baked bromides about "evil corporations" and how they aren't regulated enough. The real fault lies with welfare statists, Trump-style protectionists, and the FDA. Original Article: "Baby Formula: Thank Protectionists and the FDA for the Shortage" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 13, 2022 • 0:00
Why Social Issues Dominate
Social issues, from abortion to critical race theory to teaching gender identity in elementary schools, dominate our politics and media. Original Article: "Why Social Issues Dominate" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 13, 2022 • 0:00
Proliferation Isn't the Problem. Legacy Nuclear Powers Again Threaten the Globe.
Here we are in 2022, worrying about if the world's oldest nuclear powers will be the ones to touch off a global nuclear war. It's not Pakistan or North Korea or "proliferation." It's Washington and Moscow, yet again. Original Article: "Proliferation Isn't the Problem. Legacy Nuclear Powers Again Threaten the Globe." This Audio Mises Wire is generously sponsored by Christopher Condon.
May 13, 2022 • 0:00
Austrians Have Been Correct about Big Tech: Elon Musk Just Proved Them Right
The partisan leftism of much of the tech industry has led to conservatives calling for state intervention in the digital sphere. Elon Musk's recent purchase of Twitter proves this was wrong. Original Article: "Austrians Have Been Correct about Big Tech: Elon Musk Just Proved Them Right" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 12, 2022 • 0:00
War, Sanctions, and Sanity: A Purely Hypothetical Inquiry
Sanctions are promoted as a response to international aggression. Yet, sanctions themselves are a form of aggression that, like war, usually have unhappy endings. Original Article: "War, Sanctions, and Sanity: A Purely Hypothetical Inquiry" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 11, 2022 • 0:00
Postcovid America: Racked by Inflation, Americans Pay Too Much for Drugs
The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits. Original Article: "Postcovid America: Racked by Inflation, Americans Pay Too Much for Drugs" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 11, 2022 • 0:00
1991: When America Tried to Keep Ukraine in the USSR
In the final days of the Soviet Union, the Washington establishment was convinced nationalism was a greater threat than Soviet despotism. Thus, George Bush tried to prop up the USSR and prevent Ukrainian secession. Original Article: "1991: When America Tried to Keep Ukraine in the USSR" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 11, 2022 • 0:00
No, It's Not the Putin Price Hike, No Matter What Joe Biden Claims
Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on. Original Article: "No, It's Not the Putin Price Hike, No Matter What Joe Biden Claims" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 11, 2022 • 0:00
Decentralized and Neutral
The EU is a prime example of a tendency toward territorial expansion and political centralization. Original Article: "Decentralized and Neutral" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 10, 2022 • 0:00
Money: What Is It? The More Important Question: Why Is It?
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place. Original Article: "Money: What Is It? The More Important Question: Why Is It?" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 10, 2022 • 0:00
Disney's Special District Is Not a "City-State" or "Private City"
One will occasionally hear from a libertarian activist that Disney World is some sort of model for totally private governance. This is a huge exaggeration of the reality. Original Article: "Disney's Special District Is Not a "City-State" or "Private City"" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 10, 2022 • 0:00
Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong
Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible. Original Article: "Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 9, 2022 • 0:00
Student Loans and Government Subsidies: Another Government "Benefit" Creates Financial Chaos
Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse. Original Article: "Student Loans and Government Subsidies: Another Government "Benefit" Creates Financial Chaos" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 9, 2022 • 0:00
Inflation, Quick and Dirty
Propping up congressional deficit spending, juicing equity markets, and constantly recapitalizing commercial banks are the Fed’s true mandates. Original Article: "Inflation, Quick and Dirty" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 7, 2022 • 0:00
You Support Ukraine's Independence? Then You Support Secession.
In 1991, Ukrainians held an election and voted for secession. Today we’re supposed to cheer that. But to suggest something similar for a region of the United States? Well, we’re told that’s just plain wrong. Original Article: "You Support Ukraine's Independence? Then You Support Secession." This Audio Mises Wire is generously sponsored by Christopher Condon.
May 6, 2022 • 0:00
Where the Truth Is Hidden: Debating the Current State of the US Armed Forces
With members of Congress claiming that the Russian invasion of Ukraine somehow threatens the US homeland, it is time to tell the truth about the military threats to this nation. Original Article: "Where the Truth Is Hidden: Debating the Current State of the US Armed Forces" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 6, 2022 • 0:00
How Did CNN+ Get Canned by Netflix? Austrian Economists Might Have an Answer
The Fed's reckless behavior has undermined Netflix more than the losses at CNN+. Original Article: "How Did CNN+ Get Canned by Netflix? Austrian Economists Might Have an Answer" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 5, 2022 • 0:00
Why the Yen Fell While the Dollar Rallied
Will Japan ever change course on its negative interest rates? Only if voters begin to realize that the lack of inflation to date in Japan is simply good luck. Original Article: "Why the Yen Fell While the Dollar Rallied" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 5, 2022 • 0:00
How Russia Uses Immigration and Naturalization to Grow State Power
Moscow has used naturalization and immigration to effect demographic change and encourage conflict between ethnic groups in neighboring states. It has proven to be an effective foreign policy tool. Original Article: "How Russia Uses Immigration and Naturalization to Grow State Power" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 4, 2022 • 0:00
To Fight Russia, Europe's Regimes Risk Impoverishment and Recession for Europe
Politicians have become accustomed to conjuring whatever they want through the “miracle” of printing money. But in the real world, it’s still necessary to produce oil and gas through actual physical production. Original Article: "To Fight Russia, Europe's Regimes Risk Impoverishment and Recession for Europe" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 3, 2022 • 0:00
Decentralization and the Rise of the West: The European Miracle Revisited
Why did Europe advance economically in the postmedieval period? Bas Spliet looks to the writings of Ralph Raico and Hans-Hermann Hoppe for answers. Original Article: "Decentralization and the Rise of the West: The European Miracle Revisited" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 3, 2022 • 0:00
It Is Time To End the Fixation with Federal Law Enforcement
For many years, conservatives have held the FBI as being nearly infallible. It is time to rethink this devotion to a federal agency that pursues its own political agendas. Original Article: "It Is Time To End the Fixation with Federal Law Enforcement" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 2, 2022 • 0:00
Expect Washington to Throw a Fit over China's New Deal with the Solomon Islands
Washington regards the entire world as its "sphere of influence." But now Beijing is looking to follow the US playbook on hegemony and expand Beijing's network of military bases abroad. Original Article: "Expect Washington to Throw a Fit over China's New Deal with the Solomon Islands" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 2, 2022 • 0:00
The Economic Sanctions against Russia Are Destructive and Counterproductive: We Must Oppose Them
Imposing economic sanctions upon Russia is tantamount to throwing gasoline on a raging fire. The sanctions will not end the Russian invasion of Ukraine and only will make things worse. Original Article: "The Economic Sanctions against Russia Are Destructive and Counterproductive: We Must Oppose Them" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 1, 2022 • 0:00
Reparations for Government-Imposed Property Theft Are Justified and Necessary
Reparations is a buzzword in the present political climate, but most plans involve an expansion of the welfare state. But there is a form of reparations that is legitimate. Original Article: "Reparations for Government-Imposed Property Theft Are Justified and Necessary" This Audio Mises Wire is generously sponsored by Christopher Condon.
May 1, 2022 • 0:00
The Conservatism of Decolonization
For all the talk of decolonialization, many Third World countries that became independent set up regulatory regimes that mirrored their former "mother" country. Original Article: "The Conservatism of Decolonization" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 30, 2022 • 0:00
There's a Reason George Washington Warned against "Entangling Relationships"
America's Cold War relationships have created conditions for very hot wars to take place. The current war in Ukraine is part of that sorry Cold War legacy. Original Article: "There's a Reason George Washington Warned against "Entangling Relationships"" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 30, 2022 • 0:00
Reckless Associations: The Ruling Class Creates New Legal Theory to Stifle Free Speech
The war on free speech has been given a boost by a new legal theory called "reckless associations," the "leaders" of an association that allegedly harms someone else are declared liable for that harm. Original Article: "Reckless Associations: The Ruling Class Creates New Legal Theory to Stifle Free Speech" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 29, 2022 • 0:00
Jordan Peterson on Austrian Economics: Free Markets Are "Profoundly Equitable"
Jordan Peterson is turning his eye toward Austrian economics. Unlike the many conservatives who see free market advocacy as some sort of "dangerous fundamentalism," Peterson seems to get it. Original Article: "Jordan Peterson on Austrian Economics: Free Markets Are 'Profoundly Equitable'" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 29, 2022 • 0:00
New Covid Study Shows Lockdown-Heavy States Had Some of the Worst Health Results
Among the states that performed the best during the pandemic were lockdown-light states like Utah and Florida. Among the states with the worst outcomes were lockdown-heavy California, New Mexico, New Jersey, and New York. Original Article: "New Covid Study Shows Lockdown-Heavy States Had Some of the Worst Health Results" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 27, 2022 • 0:00
The Great Reset VII: Capitalism for the Rich and Socialism for the Poor
Michael Rectenwald takes on the progressive canard of "socialism for the rich, capitalism for the poor," in which the government protects the wealthy but throws everyone else to the tender mercies of rapacious capitalism. Original Article: "The Great Reset VII: Capitalism for the Rich and Socialism for the Poor" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 27, 2022 • 0:00
Do Conspiracies Really Exist? Murray Rothbard Thought So
The quickest way to discredit an intellectual opponent is to accuse that person of being a "conspiracy theorist." But what happens when real conspiracies occur? Original Article: "Do Conspiracies Really Exist? Murray Rothbard Thought So" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 26, 2022 • 0:00
Are Equal Pay Arguments Based upon the Labor Theory of Value?
Arguments for equal pay are popular in our body politic, but what happens if some of those arguments are based upon the faulty logic of the labor theory of value? Original Article: "Are Equal Pay Arguments Based upon the Labor Theory of Value?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 26, 2022 • 0:00
Disney's Corporate Welfare Is Modern Mercantilism
Disney's special legal status in Florida is reminiscent of the mercantilist corporations of old. They were granted favors at the expense of ordinary businesses who did not enjoy the favor of state officials. Original Article: "Disney's Corporate Welfare Is Modern Mercantilism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 25, 2022 • 0:00
Keynesians and Market Monetarists Didn't See Inflation Coming
It is interesting that the founder and leader of the market monetarists declared in January 2020 that the world was about to enter a "golden age" of low inflation for the Federal Reserve. Original Article: "Keynesians and Market Monetarists Didn't See Inflation Coming" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 25, 2022 • 0:00
Do Institutions Play a Role in Promoting Economic Growth? In Short, Yes.
We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order. Original Article: "Do Institutions Play a Role in Promoting Economic Growth? In Short, Yes." This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 23, 2022 • 0:00
Sovereign Immunity Is Antilaw: The State Must Make Restitution to Its Victims
A libertarian view of the law by definition means that there can be no immunity from legal consequences. Anything else perverts the very meaning of law. Original Article: "Sovereign Immunity Is Antilaw: The State Must Make Restitution to Its Victims" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 23, 2022 • 0:00
Russia's Invasion of Ukraine Is Just the Latest Expression of Pan-Slavic Authoritarianism
Trying to understand the Russian invasion of Ukraine from the exclusive viewpoint of modern Western democracy is to ignore the long history of authoritarian leadership in Russia. Original Article: "Russia's Invasion of Ukraine Is Just the Latest Expression of Pan-Slavic Authoritarianism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 22, 2022 • 0:00
No, Hitler Was Not a Closet Capitalist
Despite the Left's denials that Hitler was a socialist, a careful reading of his writings and speeches tells a different story. His sympathies lay with the workers, not the bourgeoisie. Original Article: "No, Hitler Was Not a Closet Capitalist" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 22, 2022 • 0:00
How Fully Private, No-Insurance Hospitals Help the Common Man
The standard line with progressives is that unless government controls medical care, prices will skyrocket. But what if the free market model costs less than government-directed care? Original Article: "How Fully Private, No-Insurance Hospitals Help the Common Man" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 21, 2022 • 0:00
Political Upheaval Is Not Threatening "Our Democracy." Our Democracy Is.
The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization. Original Article: "Political Upheaval Is Not Threatening “Our Democracy.” Our Democracy Is." This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 21, 2022 • 0:00
Destroying America to "Save" It? Biden's Nihilistic Destruction of the Energy Industry
The Biden administration in its desire to "save" the planet from climate change has decided to destroy one of this country's most productive and important industries in the process, putting the US economy itself in jeopardy. Original Article: "Destroying America to "Save" It? Biden's Nihilistic Destruction of the Energy Industry" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 20, 2022 • 0:00
The "Rules-Based International Order" Is Dead. Washington Killed It.
From globalization to sanctions, to international institutions like the UN, the US is leading a small global fragment that's little more than NATO and a handful of friends. Meanwhile, two-thirds of the global economy isn't signing on. Original Article: "The "Rules-Based International Order" Is Dead. Washington Killed It." This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 20, 2022 • 0:00
We Still Haven't Reached the Inflation Finale
Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past? Original Article: "We Still Haven't Reached the Inflation Finale" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 19, 2022 • 0:00
Heavy Sanctions against Russia Could Usher in a Wider Economic War
The sanctions against Russia have the potential to spiral into something much larger. Indeed, many governments are using the current conflict as an opportunity to further push "green energy," rearmament, and other big-spending schemes. Original Article: "Heavy Sanctions against Russia Could Usher in a Wider Economic War" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 19, 2022 • 0:00
After More Than a Month of Fighting, Where Do Things Stand in the Russia-Ukraine War?
While the battlefield results are mixed, much of the action in the Russia-Ukraine war is happening beyond the warring countries. Original Article: "After More Than a Month of Fighting, Where Do Things Stand in the Russia-Ukraine War?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 18, 2022 • 0:00
Real Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game
Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases. Original Article: "Real Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 18, 2022 • 0:00
Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No
Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false. Original Article: "Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 15, 2022 • 0:00
The Wrong Elites
Russian oligarchs, American pols, and state-connected billionaires are all cut from the same cloth: they didn't earn, or fully earn, their wealth and position in society. We must withdraw our sanction of these people. Original Article: "The Wrong Elites" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 14, 2022 • 0:00
And Now for a Really Bad Response to Political Calamity: Autarky
The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it. Original Article: "And Now for a Really Bad Response to Political Calamity: Autarky" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 14, 2022 • 0:00
The Fed Can't Fix the Economy, but It Can Break It
Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking. Original Article: "The Fed Can't Fix the Economy, but It Can Break It" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 13, 2022 • 0:00
If Ukraine Joins the EU, It Will Be the Poorest Member by Far
Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria. Original Article: "If Ukraine Joins the EU, It Will Be the Poorest Member by Far" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 13, 2022 • 0:00
Why It's Looking More like the 1970s than the 1950s.
It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it. Original Article: "Why It's Looking More like the 1970s than the 1950s." This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 12, 2022 • 0:00
What Causes Exceptionally Low Inflation in Japan and Switzerland?
Do the low inflation rates mean that the purchasing power of Japanese and Swiss citizens has increased relative to other countries over time? The answer seems to be no. Original Article: "What Causes Exceptionally Low Inflation in Japan and Switzerland?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 11, 2022 • 0:00
European Environmentalists Have Made Energy Independence Impossible
Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers. Original Article: "European Environmentalists Have Made Energy Independence Impossible" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 11, 2022 • 0:00
Rothbard on Today's Progressive War Jingoism
Rothbard the historian explained so well how the true progressive goal was always to remake America domestically by promoting war. Original Article: "Rothbard on Today's Progressive War Jingoism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 10, 2022 • 0:00
NATO: Our International Welfare Queens
The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting. Original Article: "NATO: Our International Welfare Queens" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 10, 2022 • 0:00
Inflation Isn't What the "Experts" Say It Is. The Confusion in Terms Is Deliberate
The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation. Original Article: "Inflation Isn't What the "Experts" Say It Is. The Confusion in Terms Is Deliberate" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 9, 2022 • 0:00
Commodities Do Not Cause Inflation. Money Printing Does.
Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere. Original Article: "Commodities Do Not Cause Inflation. Money Printing Does." This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 9, 2022 • 0:00
The State: It’s Oligarchs All the Way Down
Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun. Original Article: "The State: It’s Oligarchs All the Way Down" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 8, 2022 • 0:00
Lockdowns, Not the Pandemic, Created Havoc
Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves. Original Article: "Lockdowns, Not the Pandemic, Created Havoc" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 8, 2022 • 0:00
Why Saudi Arabia Won't Abandon Dollars for Yuan
Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency. Original Article: "Why Saudi Arabia Won't Abandon Dollars for Yuan" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 3, 2022 • 0:00
What’s in a Name? Why the Definition of Capitalism Matters
Capitalism is often blamed for the effects of policies that aren't capitalism. This is why we need a better definition of capitalism. Original Article: "What’s in a Name? Why the Definition of Capitalism Matters" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 2, 2022 • 0:00
No, More Bureaucracy Would NOT Have Saved Trump's Paycheck Protection Program
The standard bureaucratic line after a program's failure is that the government agents didn't have enough authority or resources to handle the job. Neither explains the failure of Trump's Paycheck Protection Program. Original Article: "No, More Bureaucracy Would NOT Have Saved Trump's Paycheck Protection Program" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 2, 2022 • 0:00
How Agriculture Bureaucrats Are Manipulating Food Prices—and Our Diets
The agriculture industry is largely running as a planned economy. When the power to make decisions is delegated to bureaucrats rather than to those impacted, mismanagement is a given. Original Article: "How Agriculture Bureaucrats Are Manipulating Food Prices—and Our Diets" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 1, 2022 • 0:00
Dr. Thomas Szasz’s Campaign against Psychiatric Coercion and the "Therapeutic State"
The late Dr. Thomas Szasz, who was well known to libertarians, believed using coercion to treat psychiatric patients was a form of torture. He left a legacy of freedom in a profession that has all but abandoned liberty. Original Article: "Dr. Thomas Szasz’s Campaign against Psychiatric Coercion and the 'Therapeutic State'" This Audio Mises Wire is generously sponsored by Christopher Condon.
Apr 1, 2022 • 0:00
We Must Now Learn the Lesson of 1914, Not the Lesson of 1938.
Europe would have been immeasurably better off had its regimes chosen compromise instead of "countering aggression" in 1914. Sometimes this lesson is heeded, as when the US refused to intervene in 1956 and 1968. Original Article: "We Must Now Learn the Lesson of 1914, Not the Lesson of 1938." This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 31, 2022 • 0:00
A Harder Line with Beijing? Let’s Hope Not.
Beijing only ever really wanted Moscow around as a way to balance against Washington. But with the US being seen to overtly seek to punish Beijing, this will now only move it closer to Moscow. Original Article: "A Harder Line with Beijing? Let’s Hope Not." This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 31, 2022 • 0:00
Will Biden Sanction Half the World to Isolate Russia?
The United States is no longer in any position to remake the world in its image. It's not 1945 or even 1970. Yet the US seems to be gearing up to bully half the world into compliance with the US Russia sanctions. Original Article: "Will Biden Sanction Half the World to Isolate Russia?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 30, 2022 • 0:00
Markets Are Peaceful but the State Is Not
There are only two ways human cooperation occurs: through voluntary means or through coercion. The free market stands for voluntary cooperation; coercion and violence are the means of the state. Original Article: "Markets Are Peaceful but the State Is Not" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 30, 2022 • 0:00
Egypt Is Still Haunted By Its Ghosts of Socialism
It has been more than fifty years since Egyptian strongman Gamal Abdel Nasser died, but his unfortunate legacy of imposing socialism on Egypt still harms the nation and its economy. Original Article: "Egypt Is Still Haunted By Its Ghosts of Socialism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 29, 2022 • 0:00
Facing Unpleasant Facts: What You aren’t Supposed to say about the War in Ukraine
A funny thing has happened on the way to accepting the standard ruling-class narrative on the war in Ukraine: inconvenient and unpleasant facts about the region and its recent history. Original Article: "Facing Unpleasant Facts: What You aren’t Supposed to say about the War in Ukraine" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 29, 2022 • 0:00
The West's Russia Sanctions Show Why States Want to Weaponize the Financial System
States continue to seek new ways to make the financial system an “economic chokepoint” enabling the state to crack down on specific organizations, individuals, or activities. Original Article: "The West's Russia Sanctions Show Why States Want to Weaponize the Financial System" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 28, 2022 • 0:00
Russia Isn't Nearly as Isolated as Washington Wants You to Believe
Those gloating about Russia being "cut off" are overstating the case. In fact, many of the world's largest countries have shown a reluctance to participate in the US's sanction schemes, and even close US allies aren't going along with it. Original Article: "Russia Isn't Nearly as Isolated as Washington Wants You to Believe" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 28, 2022 • 0:00
America Has Long Been a Haven for Draft Dodgers from Foreign Lands
From the Volga Germans to the Armenians of the Ottoman Empire to the Spaniards and the Mennonites, choosing emigration as a means of avoiding military conscription has a long history. Original Article: "America Has Long Been a Haven for Draft Dodgers from Foreign Lands" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 27, 2022 • 0:00
Real Scientific Inquiry Requires Dissent. But That's Not What the CDC and <em>JAMA</em> Want.
The scientific method requires free and open dissent from any scientific hypothesis. Yet JAMA is requesting that medical boards become a new Inquisition to root out heresy and apostasy from CDC doctrines. Original Article: "Real Scientific Inquiry Requires Dissent. But That's Not What the CDC and JAMA Want." This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2022 • 0:00
Love, Fear, and the Law of Good Intentions
Today, progressives govern by the law of good intentions, and when government has good intentions, the results, no matter how disastrous, don't matter. Original Article: "Love, Fear, and the Law of Good Intentions" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 26, 2022 • 0:00
Canceling American Athletes to Punish Russia: The 1980 Moscow Olympics Boycott
Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes. Original Article: "Canceling American Athletes to Punish Russia: The 1980 Moscow Olympics Boycott" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 23, 2022 • 0:00
In the Age of Covid, We're Reminded an Unjust Law Is No Law at All
It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do. Original Article: "In the Age of Covid, We're Reminded an Unjust Law Is No Law at All" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 23, 2022 • 0:00
The West's Russia Sanctions Could Lead to Many Unpredictable and Unpleasant Outcomes
Imposing sanctions will advance the reach of surveillance capitalism while strengthening the power of states to control the financial system overall. The end result will be a lower standard of living and a less free economy. Original Article: "The West's Russia Sanctions Could Lead to Many Unpredictable and Unpleasant Outcomes" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 23, 2022 • 0:00
Why Sanctions Don't Work, and Why They Mostly Hurt Ordinary People
Sanctions remain popular because they placate the voters who insist "we" must "do something," and government officials are more than happy to accept this invitation to grow state power. Original Article: "Why Sanctions Don't Work, and Why They Mostly Hurt Ordinary People" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 22, 2022 • 0:00
The Progressives' Liberal Democracy Has Failed. Radical Decentralization Is the Answer.
In many ways, the liberal democracy that had its roots in nineteenth-century liberalism seems to have run its course. Can we revive it, or does something more authoritarian take its place? Original Article: "The Progressives' Liberal Democracy Has Failed. Radical Decentralization Is the Answer." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 22, 2022 • 0:00
Patents, Legal Monopolies, and the High Prices for Drugs
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals. Original Article: "Patents, Legal Monopolies, and the High Prices for Drugs" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 22, 2022 • 0:00
There Is No Winner in This Trade War
Trade war means increasing the debt, eroding the public confidence, raising prices, and burdening the economy with interventions. All of it done in the name of the "public good." Original Article: "There Is No Winner in This Trade War" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 21, 2022 • 0:00
The Triumphant Foreign Policy of Warren G. Harding
President Harding wanted to see the end of war and a return to a more traditional American foreign policy. Original Article: "The Triumphant Foreign Policy of Warren G. Harding" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 21, 2022 • 0:00
Ukraine's Regime Is Now Kidnapping Fathers for Military "Service"
The Ukrainian regime thinks it knows better than husbands and fathers when it comes to caring for their families. But no bureaucrat ought to be allowed to make such a decision. Original Article: "Ukraine's Regime Is Now Kidnapping Fathers for Military 'Service'" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 21, 2022 • 0:00
The Legacy of Angela Merkel: Kicking the Can Down the Road
In the months since Angela Merkel’s departure from the German chancellorship after sixteen years in power, the editorials praising her reign have been legion. This is not one of them. Original Article: "The Legacy of Angela Merkel: Kicking the Can Down the Road" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 18, 2022 • 0:00
Inflation: Who or What Is the Culprit?
A central bank whose policies accommodate irresponsible deficit spending by the federal government is a menace to society, unleashing uncontrollable forces. Original Article: "Inflation: Who or What Is the Culprit?" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 17, 2022 • 0:00
Russian Weakness and the Russian "Threat" to the West
From economic power to demographics to military spending, Russia simply doesn't have the ability to be a great power that threatens anyone outside its "near abroad." Original Article: "Russian Weakness and the Russian "Threat" to the West" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 17, 2022 • 0:00
The Covid Panic Brought Even More Economic Zombification
Zombie companies, which were already a problem in 2019, have not only not been killed off but have multiplied. The zombie apocalypse could be closer than we imagine. Original Article: "The Covid Panic Brought Even More Economic Zombification" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2022 • 0:00
Should Government Be Your Stockbroker? Maybe So, Says Bloomberg
Bloomberg suggests that individuals should not be permitted to make their own stock selections because they are not "qualified" to make such decisions. Instead, governments should help direct their investment choices. Original Article: "Should Government Be Your Stockbroker? Maybe So, Says Bloomberg" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 16, 2022 • 0:00
The War Party Wants a New Cold War, and the Money That Comes with It
The new cold warriors are gaslighting the public on military spending, claiming spending isn't "keeping up." They want hundreds of billions in new taxpayer dollars. Original Article: "The War Party Wants a New Cold War, and the Money That Comes with It" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 15, 2022 • 0:00
Socialist Economies Are Impossible: Lessons from Russia, 1917–22
Socialization of the economy led to immediate disaster. In 1920–21, Bolshevik agrarian policy culminated in a famine with an impact unparalleled in modern European history. Original Article: "Socialist Economies Are Impossible: Lessons from Russia, 1917–22" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 15, 2022 • 0:00
This Is How the Progressives Will Write the History of Covid
Progressives will write the history of covid to hide the mistakes of progressive "experts" and to distance themselves from disastrous or pointless policies. They've done it before. Original Article: "This Is How the Progressives Will Write the History of Covid" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 14, 2022 • 0:00
Anthony Fauci: Master of Medical Crony Capitalism
More than critiquing vaccines, this book exposes Anthony Fauci’s career as a case study in crony capitalism. The key players are the government regulatory agencies headed by Fauci. Original Article: "Anthony Fauci: Master of Medical Crony Capitalism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Mar 14, 2022 • 0:00
Report from Canada: The Regime Is Lying about the Truckers
Here in Canada, the trucker protesters (and their supporters) have been civil and maintained the usual Canadian niceness. This civility has not been reciprocated by the political class. Original Article: "Report from Canada: The Regime Is Lying about the Truckers" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 9, 2022 • 0:00
With Inflation at a 40-Year High, the Fed Is Too Afraid to Act
Price inflation has been accelerating upward since April of last year. Yet the Fed has done virtually nothing. What's the Fed waiting for? Original Article: "With Inflation at a 40-Year High, the Fed Is Too Afraid to Act" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 9, 2022 • 0:00
Elections Now Decide Who Can Operate Your Car
With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired." Original Article: "Elections Now Decide Who Can Operate Your Car" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 8, 2022 • 0:00
The Canadian Truckers' Battle against Covid Tyranny
In Orwellian fashion, if you want freedom, that makes you a "racist" and a "fascist." So, it is assumed by our overlords to be "fascism" when truckers protest for the freedom to earn a living. Original Article: "The Canadian Truckers' Battle against Covid Tyranny" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 7, 2022 • 0:00
The White House Now Says It Never Really Wanted Lockdowns
In a remarkable pivot, the White House now says, “We’ve not been pro-lockdown—most of the lockdowns actually happened under the previous President.” Original Article: "The White House Now Says It Never Really Wanted Lockdowns" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 7, 2022 • 0:00
Today's Fiat Dollar Standard Is Founded in Lies
The evolution from gold standard to gold exchange standard to the dollar fiat system is one based largely on deception and broken promises. Original Article: "Today's Fiat Dollar Standard Is Founded in Lies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 6, 2022 • 0:00
What Would Mises Have Thought of "Special Economic Zones"?
SEZs are loopholes, and capitalism breathes through loopholes. But like all loopholes, they tend to benefit those who can afford to hire the lawyers who can identify said loopholes. Original Article: "What Would Mises Have Thought of "Special Economic Zones"?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 5, 2022 • 0:00
Austria Doubles Down on Forced Vaccinations
Although covid cases in Austria—and most other countries—are rapidly falling, Austria has doubled down on punishing the unvaccinated and become the first country to mandate vaccination for all adults. Original Article: "Austria Doubles Down on Forced Vaccinations" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mar 5, 2022 • 0:00
Wokism Could Provoke a Global Anti-American Backlash
Wokism and US foreign policy should not be viewed as isolated phenomena but rather inextricably linked concepts given the US’s universalist foreign policy modus operandi. Original Article: "Wokism Could Provoke a Global Anti-American Backlash" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 16, 2022 • 0:00
The Media War on Canadian Truckers: Is Freedom Public Enemy Number One?
For the covid despots, anyone who objected to government commands was the equivalent of a heretic who must be condemned or banished from every place except the cemetery. Original Article: "The Media War on Canadian Truckers: Is Freedom Public Enemy Number One?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 15, 2022 • 0:00
Biden's "Historic Growth" Is No Such Thing
Real wages are going down. Debt is skyrocketing. The economy has only partly recovered from an economic disaster. This isn't the "historic growth" Joe Biden wants you to think it is. Original Article: "Biden's "Historic Growth" Is No Such Thing." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 15, 2022 • 0:00
Why Austrians Stress Ordinal Utility
Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons. Original Article: "Why Austrians Stress Ordinal Utility" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 11, 2022 • 0:00
San Jose's Gun Tax Has Nothing to Do with Reducing Crime
California politicians say "gun owners should cover the costs of gun violence." Apparently, holding actual criminals responsible for their own misdeeds is too much work in California. Original Article: "San Jose's Gun Tax Has Nothing to Do with Reducing Crime" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 10, 2022 • 0:00
Rising Rents and Cheap Money Flowing—So Apartment Prices Are Soaring
Fannie Mae is helping ensure easy money flows to apartments. That means multifamily prices are heading skyward like asset prices overall. Original Article: "Rising Rents and Cheap Money Flowing—So Apartment Prices Are Soaring" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 10, 2022 • 0:00
The Usual Suspects Are Pushing War with Russia
The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic. Original Article: "The Usual Suspects Are Pushing War with Russia" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 6, 2022 • 0:00
Why Intellectual Property Isn't Necessary to Reward Innovation
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors Original Article: "Why Intellectual Property Isn't Necessary to Reward Innovation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 5, 2022 • 0:00
Italy's Covid Despotism Just Got Worse
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime. Original Article: "Italy's Covid Despotism Just Got Worse" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 5, 2022 • 0:00
Could Blockchain Technology Help End Fractional Reserve Banking?
Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves. Original Article: "Could Blockchain Technology Help End Fractional Reserve Banking?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 4, 2022 • 0:00
It's Time to Break Up New York State
Often the biggest barrier secession movements face is the widely held (and ludicrous) belief that our current set of lines on a map are sacred and must be preserved. Original Article: "It's Time to Break Up New York State" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 4, 2022 • 0:00
Could Blockchain Technology Help End Fractional Reserve Banking?
Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves. Original Article: "Could Blockchain Technology Help End Fractional Reserve Banking?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 4, 2022 • 0:00
The Unseen Consequences of the Interstate Highway System
Today, it’s easy for socialists to point to the Interstate Highway System and exclaim, "Look at what we socialists did to facilitate transportation." They're careful to always ignore the unseen downside. Original Article: "The Unseen Consequences of the Interstate Highway System" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Feb 1, 2022 • 0:00
George Hearst: Entrepreneur in the Mises Mold
The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more. Original Article: "George Hearst: Entrepreneur in the Mises Mold" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 31, 2022 • 0:00
Unmask America
It is time to get back to normal life, and that starts with visible human faces. Original Article: "Unmask America" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 31, 2022 • 0:00
The Problem with Guilds: They're Monopolistic and Wasteful
The historical guilds of Europe have long been criticized for cartelizing trade and seizing monopolistic powers. And new research suggests the situation was very similar in Africa as well. Original Article: "The Problem with Guilds: They're Monopolistic and Wasteful" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 30, 2022 • 0:00
Americans May Finally Be Losing Confidence in the Woke Military
Trust in the US military has plummeted according to a recent survey, and conservative Americans may finally realize that the military is just a wing of the woke, progressive American establishment. Original Article: "Americans May Finally Be Losing Confidence in the Woke Military" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 30, 2022 • 0:00
When Higher Prices Are Not Inflation
Monetary inflation results in a general rise in prices, often called "price inflation." But rising prices are not always "inflation." In any case, more government regs and subsidies won't help. Original Article: "When Higher Prices Are Not Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 30, 2022 • 0:00
Global Governance versus Freedom and Free Enterprise
Countries must remain free to refuse the edicts of global institutions of "government" like the World Bank or the IMF. This is true even when the stated goal is advancing free markets. Original Article: "Global Governance versus Freedom and Free Enterprise" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 29, 2022 • 0:00
What the Regime Will Do to Fight Private Digital Currencies
Thanks to vast regulatory powers, regimes have many tools and many advantages in propping up fiat currencies when faced with competition from other currencies. Original Article: "What the Regime Will Do to Fight Private Digital Currencies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 29, 2022 • 0:00
Money and Banking in the US after the Crises of the 1970s and '80s
In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars. Original Article: "Money and Banking in the US after the Crises of the 1970s and '80s" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 29, 2022 • 0:00
Germany's New Green Stimulus Plan Won't Save Their Economy
Germany's government is pushing a new plan for massive spending on a "Climate Fund." This is justified with the usual Keynesian myths about the benefits of government spending. Original Article: "Germany's New Green Stimulus Plan Won't Save Their Economy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 28, 2022 • 0:00
Will Artificial Intelligence Create a Socialist Paradise?
This is freedom: "That he is independent of the arbitrary power of his fellows … [freedom] arose in the process of social development and its final completion is the work of mature Capitalism.” Original Article: "Will Artificial Intelligence Create a Socialist Paradise?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 28, 2022 • 0:00
Who Needs Personal Responsibility When We Can Just Trust Our Overlords?
Across so many fields, from money to nutrition, I’ve found that the corollary to the government-heavy approach is a desire not to make choices for oneself. Original Article: "Who Needs Personal Responsibility When We Can Just Trust Our Overlords?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 28, 2022 • 0:00
Why They Want to Keep the "Health Emergency" Going Forever
When the Democratic Colorado governor slightly scaled back covid mandates, he met furious opposition from the Left. Expect these people to push mandates forever. Original Article: "Why They Want to Keep the 'Health Emergency' Going Forever" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 27, 2022 • 0:00
Colonialism Isn't the Source of Latin America's High Inequality
Latin America's antiglobalization epoch, from 1913 to 1970, was marked by high regulations and antitrade efforts that have fueled Latin America's economic problems. Original Article: "Colonialism Isn't the Source of Latin America's High Inequality" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 27, 2022 • 0:00
Chile's New President Threatens the Nation's Market-Driven Prosperity
Gabriel Boric is no friend of free trade, low taxes, or markets in general. Yet these policies are what made Chile the most prosperous country in South America. Original Article: "Chile's New President Threatens the Nation's Market-Driven Prosperity" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 27, 2022 • 0:00
Inflation or Recession? The Fed Faces a Choice.
Contractionary monetary policy may be necessary to slow the rise of inflation, but the recessionary results of this remind us why the Fed's inflationary policy is so dangerous. Original Article: "Inflation or Recession? The Fed Faces a Choice." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 26, 2022 • 0:00
2022: The Year of the Hangover?
2021 was the year of binge spending. 2022 is likely to be a hangover. Original Article: "2022: The Year of the Hangover?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 26, 2022 • 0:00
Turkey's Economy Is in Big Trouble
Turkey's President Erdoğan faces a series of crises as the lira collapses and the state's central bank steps in to clean up the mess. Original Article: "Turkey's Economy Is in Big Trouble" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 26, 2022 • 0:00
Japan's Inflation Is Hidden behind Central Bank–Financed Subsidies
Overall, at least 50 percent of the consumer price index in Japan appears to be government controlled, which is reflected in the significant growth of government spending on subsidies. Original Article: "Japan's Inflation Is Hidden behind Central Bank–Financed Subsidies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 25, 2022 • 0:00
Central Planners Don't Know What's Best for You
Flawed as we are and with limited knowledge about the world and ourselves, we might not know what is objectively “best for us long term.” Government planners know even less. Original Article: "Central Planners Don't Know What's Best for You" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 25, 2022 • 0:00
True Competition versus the Monopolist "Minimal State"
Suppose some people don't like the services furnished by a "minimal state." Don't these people have the right to establish their own services to compete with the minimal state? Original Article: "True Competition versus the Monopolist 'Minimal State'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 24, 2022 • 0:00
How We Will Win
We will win. But how long will it take, and at what price victory? Original Article: "How We Will Win" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 24, 2022 • 0:00
The Federal Reserve Keeps Buying Mortgages
The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank. Original Article: "The Federal Reserve Keeps Buying Mortgages" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 22, 2022 • 0:00
Real Wages Plummet as Inflation Hits the US Recovery
Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting. Original Article: "Real Wages Plummet as Inflation Hits the US Recovery" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 20, 2022 • 0:00
How Easy Money Inflated Corporate Profits
After many months of covid stimulus, there's a bonanza in US pandemic profits. But unlike price inflation, these profits really are likely to be transitory. Original Article: "How Easy Money Inflated Corporate Profits" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 20, 2022 • 0:00
Ending Fiat Money Won't Destroy the State
When we ask ourselves the question, “Can states survive without fiat currency?” the answer is clearly yes. Original Article: "Ending Fiat Money Won't Destroy the State" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 20, 2022 • 0:00
Conservatives and the Free Trade Straw Man
Conservatism is allegedly grounded in a recognition of the natural limits of humanity. But when it comes to free trade, conservatives throw all that out the window. Original Article: "Conservatives and the Free Trade Straw Man" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 8, 2022 • 0:00
What Chicago's Mayor Gets Wrong about Private Security
Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this. Original Article: "What Chicago's Mayor Gets Wrong about Private Security" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 7, 2022 • 0:00
Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever
Lockdowns and school closures will go down as one of the worst peacetime policy disasters of all time. Never again should the well-being of our children be sacrificed to placate the neuroses of adults. Original Article: "Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 7, 2022 • 0:00
"The State" Is an Abstract Idea. So How Is the State Also So Murderous?
An abstract state is built on patriotism. And when patriotism becomes "the highest of all virtues and the source of all the remaining ones,” states can get away with almost anything. Original Article: "'The State' Is an Abstract Idea. So How Is the State Also So Murderous?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 6, 2022 • 0:00
A Slave-Based Economy Is Nothing Like a Dynamic Capitalist One
The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit. Original Article: "A Slave-Based Economy Is Nothing Like a Dynamic Capitalist One" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 6, 2022 • 0:00
Welcome to a New Chapter in the Latest Boom-Bust Cycle
The Fed admits inflation is a problem, so now begins the search to find a fix that doesn't involve a recession or anything else that might allow the economy to heal its malinvestments. Original Article: "Welcome to a New Chapter in the Latest Boom-Bust Cycle" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 5, 2022 • 0:00
Western Economies Are Self-Destructing with Inflation, Debt, and Taxes
Thanks to covid shutdowns, declining productivity finally brought price inflation to the fore. But the world's governments have learned nothing and cling to the same inflationist policies. Original Article: "Western Economies Are Self-Destructing with Inflation, Debt, and Taxes" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 5, 2022 • 0:00
New York State Has Imposed New Covid Rituals. This Time There's Some Resistance.
With new mask and vaccine mandates, New York's Governor Kathy Hochul has reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism. Original Article: "New York State Has Imposed New Covid Rituals. This Time There's Some Resistance." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 4, 2022 • 0:00
How to Avoid Depressions? Foster Saving and Investment
Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings. Original Article: "How to Avoid Depressions? Foster Saving and Investment" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 4, 2022 • 0:00
Ron Desantis Plans to Revive Florida's State Militia
Genuine change will likely come only through muddling through at the state and local level. That kind of work will be instrumental in the creation of decentralized alternatives to our present political order. Original Article: "Ron Desantis Plans to Revive Florida's State Militia" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 3, 2022 • 0:00
America's Wars Are Far More Costly than the Pentagon Admits
The true cost of America's wars—in lost productivity, resources, and opportunity cost—is far higher than even the official numbers of trillions spent on the Pentagon's many failures. Original Article: "America's Wars Are Far More Costly than the Pentagon Admits" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jan 3, 2022 • 0:00
The Fundamentals Point to Inflation That's Much More than "Transitory"
The Fed may slow or eliminate new bond purchases but is not planning to sell. Meanwhile, producer prices have skyrocketed and Americans are consuming more but producing less. Get ready for entrenched price inflation. Original Article: "The Fundamentals Point to Inflation That's Much More than 'Transitory'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 29, 2021 • 0:00
Review: <em>The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health</em>
Fauci-funded and Fauci-supported "AIDS research" consisted of running medical experiments on children, among other horrors. Through it all, Fauci profited handsomely with his many "partners" in Big Pharma. Original Article: "Review: The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 29, 2021 • 0:00
Raiding the World Bank: Exposing a Fondness for Dictators
I was astounded at how many despots the World Bank was propping up. Bankrolling tyrants is the equivalent of a Fugitive Slave Act for an entire nation, preventing a mass escape of political victims. Original Article: "Raiding the World Bank: Exposing a Fondness for Dictators" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 28, 2021 • 0:00
The "Acid Rain" Scare and the Science-Industrial Complex
"Science" is now indistinguishable from politics. As the "acid rain" hysteria showed back in the 1970s and 1980s, "follow the science" is just a political slogan, unrelated to actual science. Original Article: "The "Acid Rain" Scare and the Science-Industrial Complex" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 28, 2021 • 0:00
Price Deflation and the Horrors of Falling TV Prices
Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax. Original Article: "Price Deflation and the Horrors of Falling TV Prices" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 27, 2021 • 0:00
They'll Use the Welfare State to Get Compliance on Vaccine Mandates
Regulatory powers have enabled government agencies to push vaccine mandates in new ways. But the welfare state also offers many ways to "encourage" compliance from nearly everyone. Original Article: "They'll Use the Welfare State to Get Compliance on Vaccine Mandates" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 27, 2021 • 0:00
The West Must Stop Trying To Expand NATO into Ukraine
The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO. Original Article: "The West Must Stop Trying To Expand NATO into Ukraine" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 23, 2021 • 0:00
State-Level Secession Isn't Enough. The States Themselves Must Be Radically Decentralized.
The benefits of decentralization don't stop at the state level. State governments themselves must be broken up into decentralized confederations that allow for local vetoes, local sovereignty, and regional autonomy. Original Article: "State-Level Secession Isn't Enough. The States Themselves Must Be Radically Decentralized." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 22, 2021 • 0:00
Nirvana Economics: How Treating the Real World like an Imaginary Ideal World Leads to Trouble
A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality. Original Article: "Nirvana Economics: How Treating the Real World like an Imaginary Ideal World Leads to Trouble" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 22, 2021 • 0:00
End <em>Roe v. Wade</em>: It's Time to Defederalize Abortion Policy
California has announced it seeks to become a "sanctuary state" for abortion should the Supreme Court overturn Roe v. Wade. That is, the situation would return much to what it was before 1973. Original Article: "End Roe v. Wade: It's Time to Defederalize Abortion Policy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 21, 2021 • 0:00
How Market Freedom Combats Economic Inequality
Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions." Original Article: "How Market Freedom Combats Economic Inequality" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 21, 2021 • 0:00
Money Supply Growth Is Slowing—That Points to a Slowing Economy
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth. Original Article: "Money Supply Growth Is Slowing—That Points to a Slowing Economy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 20, 2021 • 0:00
The Economy May Be Finally Peaking, and the Fed Won't Help Matters
The huge amounts of monetary inflation of 2020 have indeed been translated into price inflation in 2021. Yet with the Fed now poised to slow things down, we might find asset inflation could suddenly go into reverse. Original Article: "The Economy May Be Finally Peaking, and the Fed Won't Help Matters" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 20, 2021 • 0:00
Biden Has Embraced Trump's Protectionism
Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn't appear to be enthusiastic about embracing free trade. Original Article: "Biden Has Embraced Trump's Protectionism" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 17, 2021 • 0:00
Equality and Envy
There are many reasons why activists and intellectuals oppose inequality. Envy is one of them. Original Article: "Equality and Envy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 17, 2021 • 0:00
Poland's Beef with the EU Shows the Dangers of Political Centralization
The more the EU micromanages Polish internal affairs and punishes Poland for the simple act of exercising self-determination, more the benefits of leaving the bloc altogether will continue to increase. Original Article: "Poland's Beef with the EU Shows the Dangers of Political Centralization" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 16, 2021 • 0:00
When Fiat Currency Stops Being Money
If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper. Original Article: "When Fiat Currency Stops Being Money" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 16, 2021 • 0:00
The DC Sniper Rampage: The Biggest Police Debacle of the Century?
The Washington area was traumatized for weeks by two dimwitted psychopaths who rode around brazenly shooting people from the trunk of their ancient Chevrolet. Sadly, law enforcement officials had apparently met their match. Original Article: "The DC Sniper Rampage: The Biggest Police Debacle of the Century?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 15, 2021 • 0:00
How Governments Seized Control of Money
It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it. Original Article: "How Governments Seized Control of Money" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 15, 2021 • 0:00
Rural Voters, Guns, and Decentralization Sank the Democrats in Virginia
A big factor behind Youngkin’s electoral success in Virginia: the rural voter and their reaction to Richmond's overreach on guns, schools, and centralized political power. Original Article: "Rural Voters, Guns, and Decentralization Sank the Democrats in Virginia" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 14, 2021 • 0:00
Africa's Long History of Trade and Markets
Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living. Original Article: "Africa's Long History of Trade and Markets" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 14, 2021 • 0:00
The Bank of Canada's Failed Mission to "Preserve the Value of Money"
The Bank of Canada's stated mission is "to preserve the value of money by keeping inflation low and stable." Yet, the BOC works to inflate away the value of Canadians' purchasing power every single day. Original Article: "The Bank of Canada's Failed Mission to 'Preserve the Value of Money'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 13, 2021 • 0:00
We've Only Just Begun to See the Benefits of the New Surge in Homeschooling
For decades, countless parents have been on autopilot when it comes to letting the state manage their child's education. But over the past two years, millions of parents have begun to take control. Original Article: "We've Only Just Begun to See the Benefits of the New Surge in Homeschooling" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 13, 2021 • 0:00
We're All Talking about Inflation, but Deflation May Also Be on the Way
When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation. Original Article: "We're All Talking about Inflation, but Deflation May Also Be on the Way" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 10, 2021 • 0:00
This Professor Hates the Austrian School. But He Clearly Doesn't Know Much about It.
Larson's principal targets are Friedman and Hayek, but Mises and Rothbard are not spared. For Larson, promarket economists aren't just wrong. They're bad people. Original Article: "This Professor Hates the Austrian School. But He Clearly Doesn't Know Much about It." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 10, 2021 • 0:00
Murray Rothbard versus the Public Choice School
James Buchanan thought the state was a voluntary institution. Murray Rothbard, on the other hand, understood the reality of state violence and coercion. Original Article: "Murray Rothbard versus the Public Choice School" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 9, 2021 • 0:00
Housing Hubris: Can Home Prices Spiral upward Forever?
The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn't mean we're barreling toward a happy ending. Original Article: "Housing Hubris: Can Home Prices Spiral upward Forever?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 9, 2021 • 0:00
Joe Weisenthal Thinks Debasing the Dollar Is the Moral Thing to Do
In one recent thread, Weisenthal mocked the people worried about the falling purchasing power of the US dollar, and claimed that it would be immoral for currency to maintain its value over time. Original Article: "Joe Weisenthal Thinks Debasing the Dollar Is the Moral Thing to Do" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 8, 2021 • 0:00
The Inca Empire: An Indigenous Leviathan State
So oppressive was the Inca regime that it's no wonder the Spaniards found many enemies willing to help topple the empire. Original Article: "The Inca Empire: An Indigenous Leviathan State" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 8, 2021 • 0:00
Why Don’t Police Unions Protect Whistleblowers?
It is clear that there are situations in which the unions’ interests diverge from the public’s interest in transparency and good policing. But the unions’ interests also often diverge from the interests of individual members. Original Article: "Why Don’t Police Unions Protect Whistleblowers?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 7, 2021 • 0:00
The Heroic Draft Dodgers of the American Civil War
Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted. Original Article: "The Heroic Draft Dodgers of the American Civil War" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 7, 2021 • 0:00
It's Time for the US To Stop Courting Conflict with Russia
Biden's team is dominated by liberal internationalists, and just as their aggressive approach to China is the wrong one to take in the Indo-Pacific, it has long been counterproductive in eastern and southern Europe. Original Article: "It's Time for the US To Stop Courting Conflict with Russia" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 1, 2021 • 0:00
"Going Cashless" Isn't as Easy as It Seems
The fact that various electronic money transfers are taking place does not mean that we do not require cash any longer. On the contrary, the fact that the cash exists enables those transfers to take place. Original Article: "'Going Cashless' Isn't as Easy as It Seems" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Dec 1, 2021 • 0:00
The Virginia Elections Showed Some Parents Are Seeing How Bad the Government Schools Really Are
If there’s one political fight worth seeing through, it’s the crusade against government schooling. Many parents in Virginia may have started to see just how important the fight has become. Original Article: "The Virginia Elections Showed Some Parents Are Seeing How Bad the Government Schools Really Are" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 30, 2021 • 0:00
Smallpox: The Historical Myths behind Mandatory Vaccines
Vaccine mandates are not a new invention, and states have long pushed a narrative exaggerating the success of mandates in the past. Original Article: "Smallpox: The Historical Myths behind Mandatory Vaccines" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 30, 2021 • 0:00
The REAL ID Means a Real Leviathan
While 9/11 is mainly forgotten, a deafening trumpet announces the presence of other supposed crises, such as covid and climate change. The Leviathan is now excited and encouraged by the possibilities of new rules and new IDs. Original Article: "The REAL ID Means a Real Leviathan" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 29, 2021 • 0:00
No, Inflation Is Not Good for You
According to the Marxists and their fellow travelers, inflation is good because it transfers wealth from creditors to debtors, and debtors are "the 99 percent." But inflation doesn't work that way. Original Article: "No, Inflation Is Not Good for You" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 29, 2021 • 0:00
The Oklahoma National Guard Refused the Vax Mandate. The Pentagon Is Not Pleased.
Combined with the US military’s turn toward “woke” politics, this latest episode around vaccine mandates will further help to undermine support for military institutions among conservatives and Republicans. Original Article: "The Oklahoma National Guard Refused the Vax Mandate. The Pentagon Is Not Pleased." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 27, 2021 • 0:00
Is the Constitution Broken beyond Repair?
"No one, including Andrew Jackson, had ever explicitly argued before [Lincoln] that the Constitution authorized or obligated full-scale invasion and coercive measures." Original Article: "Is the Constitution Broken beyond Repair?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 26, 2021 • 0:00
Homicide Rates in 2020 Surged to a 24-Year High. It's Another Sign of a Failing Regime.
Homicide rose at a remarkably fast rate in 2020. This may be a sign that the public is losing faith in the legitimacy of the regime. We see this from doubts about elections to outrage over riots and police abuse. Original Article: "Homicide Rates in 2020 Surged to a 24-Year High. It's Another Sign of a Failing Regime." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 26, 2021 • 0:00
Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War
The ongoing success of the cannabis nullification effort has shown the uselessness of those who repeatedly chant slogans about “federal supremacy” and “If you don’t like the (federal) law, change it.” Original Article: "Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 25, 2021 • 0:00
Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion
After thirteen years with on average negative real returns to conservative savings, it is time to require the Federal Reserve to address its impact on savers. Original Article: "Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 25, 2021 • 0:00
Antitrust Regulation Assumes Bureaucrats Know the "Correct" Amount of Competition
The process of learning what’s most efficient and profitable includes merging with competitors and taking over different stages of the supply chain—all tactics that would be considered in violation of current antitrust laws. Original Article: "Antitrust Regulation Assumes Bureaucrats Know the "Correct" Amount of Competition" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 24, 2021 • 0:00
Is Price Stability Really a Good Thing?
Contrary to popular thinking, there is no such thing as a price level that should be stabilized by the central bank in order to promote economic prosperity. Original Article: "Is Price Stability Really a Good Thing?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 24, 2021 • 0:00
Will the Next "Skyscraper Curse" Be Found in the Digital World?
Our largest skyscrapers exist no longer physically, but in a world of ones and zeroes. The most groundbreaking technology projects springing from malinvestment may be digital the next time around. Original Article: "Will the Next "Skyscraper Curse" Be Found in the Digital World?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 23, 2021 • 0:00
China's Financial Bubbles Remind Us of Scams like Britain's South Sea Bubble
It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble. Original Article: "China's Financial Bubbles Remind Us of Scams like Britain's South Sea Bubble" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 23, 2021 • 0:00
Biden's Infrastructure Plan Points to Even More Price Inflation
An additional—and quick—$1 trillion spending boost in energy-intensive and material consuming industries is likely to create new problems in terms of inflation and supply shortages. Original Article: "Biden's Infrastructure Plan Points to Even More Price Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 22, 2021 • 0:00
Why Biden's Vaccine Mandate Hasn't Delivered the Promised Results
What would the effect of a 100 percent vaccination rate be on the virus? Contrary to claims, the virus will not disappear. The next outbreak would occur within a year with 100 percent breakthrough cases with a vaccine-resistant strain. Original Article: "Why Biden's Vaccine Mandate Hasn't Delivered the Promised Results" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 22, 2021 • 0:00
A Fat, Comfortable Military Is a "Woke" Military
The US military's turn to "wokeness" is a result of decades of high military spending and public deference toward military "experts." That gave us a military that is overfunded and highly political. Original Article: "A Fat, Comfortable Military Is a "Woke" Military" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 20, 2021 • 0:00
Military Conscription Is a Tool for Centralization, State Building, and Despotism
Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear. Original Article: "Military Conscription Is a Tool for Centralization, State Building, and Despotism" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 20, 2021 • 0:00
Is College Worthwhile? A Two-Time Dropout’s Take
Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.” Original Article: "Is College Worthwhile? A Two-Time Dropout’s Take" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 19, 2021 • 0:00
How Nigeria's Central Bank Inflates the Money Supply
The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot. Original Article: "How Nigeria's Central Bank Inflates the Money Supply" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 18, 2021 • 0:00
Industrial Policy—a.k.a. Central Planning—Won't Make America Great
China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. Original Article: "Industrial Policy—a.k.a. Central Planning—Won't Make America Great" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 16, 2021 • 0:00
Cronyism, Not Welfare, Is China's Big Problem
In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector. Original Article: "Cronyism, Not Welfare, Is China's Big Problem" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 16, 2021 • 0:00
In a Free Economy, Prices Would Be Going down, Not Up
In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation. Original Article: "In a Free Economy, Prices Would Be Going down, Not Up" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 15, 2021 • 0:00
Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever
After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. Original Article: "Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 15, 2021 • 0:00
Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune
Vaccine mandates are much easier to enforce thanks to the spread of government spending, government contracting, and monopolized government services. Original Article: "Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 14, 2021 • 0:00
Why China's Property Bubble Is a Big Deal
China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors. Original Article: "Why China's Property Bubble Is a Big Deal" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 13, 2021 • 0:00
The Madness of Taxing Unrealized Capital Gains
The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people. Original Article: "The Madness of Taxing Unrealized Capital Gains" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 12, 2021 • 0:00
Paul Gottfried on the Virginia Election
McAuliffe could not dissociate himself entirely from national politics because he was a national Democratic figure closely allied to the Clintons for decade Original Article: "Paul Gottfried on the Virginia Election" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 12, 2021 • 0:00
Pope Francis Blames Capitalism for World Hunger, Yet Again
Francis should note that the move toward freer markets, in India and China especially, resulted in the huge reduction in extreme poverty we have witnessed over the last few decades. Original Article: "Pope Francis Blames Capitalism for World Hunger, Yet Again" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 11, 2021 • 0:00
How Media and Tech Elites Seized Control of Elections
Our aim ought not to be to make democracy “work better” but to use revelations of corruption as a tool to question altogether its value as a political and social system of organization. Original Article: "How Media and Tech Elites Seized Control of Elections" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 11, 2021 • 0:00
The Historical Origins of Modern American War Crimes
In many ways, the American war crimes of Korea and Vietnam were a continuation of American military conduct in the Civil War and during the Indian wars. Original Article: "The Historical Origins of Modern American War Crimes" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 10, 2021 • 0:00
Marxism versus Libertarianism: Two Types of Internationalism
Internationalism in the interpretation of libertarian philosophy and Marxist doctrine are two completely different concepts. One is a natural outcome of human cooperation. The other is pure myth. Original Article: "Marxism versus Libertarianism: Two Types of Internationalism" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 10, 2021 • 0:00
Will Hungary and Poland be the Next Victims of US/EU Regime Change?
Not even the US’s ostensible allies can escape. NATO members Hungary and Poland were called "totalitarian regimes" by Biden because the two countries have run afoul of the West's ruling elite. Original Article: "Will Hungary and Poland be the Next Victims of US/EU Regime Change?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 9, 2021 • 0:00
The Federal Reserve’s Assault on Savers Continues
Any economist should have been able to see that having the monetary spigot on full blast to “stimulate” would raise prices down the road. We are now down that road. Original Article: "The Federal Reserve’s Assault on Savers Continues" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 9, 2021 • 0:00
Contract Rights Are Not the Same as Natural Rights
Contracts are voidable and thoroughly changeable. They can be totally ignored with the consent of both parties. But natural rights are not like contracts and can't be abolished even with consent. Original Article: "Contract Rights Are Not the Same as Natural Rights" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 8, 2021 • 0:00
The Fed's Inflation Is behind the Supply Chain Mess
The idea that supply chain problems are “driving inflation” gets the causation backward. It’s money supply inflation that’s causing the supply chain problems, not the other way around. Original Article: "The Fed's Inflation Is behind the Supply Chain Mess" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 8, 2021 • 0:00
The Tragedy of the Government's Ban on Human Organ Sales
New tech shows some light at the end of the tunnel. But for decades, government bans on a market for human organs has condemned millions of people to early deaths and immense pain. Original Article: "The Tragedy of the Government's Ban on Human Organ Sales" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 7, 2021 • 0:00
Protectionism Is Immoral, Unjust, and Corrupt
If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade. Original Article: "Protectionism Is Immoral, Unjust, and Corrupt" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 6, 2021 • 0:00
A Global Fiat Currency: "One Ring to Rule Them All"
The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous. Original Article: "A Global Fiat Currency: 'One Ring to Rule Them All'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 5, 2021 • 0:00
Digitalization Could Move Medical Care beyond "Government Healthcare"
Government healthcare is centrally planned healthcare. Innovations in the decentralized "digitalization" of medicine could finally move medicine back in the direction of markets. Original Article: "Digitalization Could Move Medical Care beyond 'Government Healthcare'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 4, 2021 • 0:00
Why Interventionist Economists Love to Talk about Externalities
Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities. Original Article: "Why Interventionist Economists Love to Talk about Externalities" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 3, 2021 • 0:00
Thanks to Central Banks, the Old Investment Rules Don't Apply Anymore
Thanks to central banks' easy money policies, historically low interest rates and a desperate search for yield have created new danger zones for investors trying to stay out of trouble. Original Article: "Thanks to Central Banks, the Old Investment Rules Don't Apply Anymore" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 3, 2021 • 0:00
Three Ways Government Spending Is Ripping Us Off
Whether through taxes, debt, or inflation, government spending is about ripping off the productive taxpayers. Argentina's inflation and runaway deficits provide a cautionary tale. Original Article: "Three Ways Government Spending Is Ripping Us Off" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 2, 2021 • 0:00
Where Does Social Order Come From? Not the State.
The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become. Original Article: "Where Does Social Order Come From? Not the State." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Nov 2, 2021 • 0:00
Yes, They Are Coming for the Oil Companies
The Biden administration will use the SEC to squeeze oil and gas companies on "climate risk." As is typical for progressive schemes that drive up the cost of living, the working classes will suffer the most. Original Article: "Yes, They Are Coming for the Oil Companies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 31, 2021 • 0:00
"Idle Resources" Are Problems Caused by the Central Bank
It is not possible to replace productive credit by means of the easy monetary policies of the central bank. If this could have been done, then the world would have already ended poverty. Original Article: "'Idle Resources' Are Problems Caused by the Central Bank" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 31, 2021 • 0:00
Three Things the Fed Must Do to Normalize Bond Markets
Policy normalization—defined as closing down the nonconventional toolbox and restoring a well-functioning price-signaling mechanism to the bond market—is difficult but possible. Original Article: "Three Things the Fed Must Do to Normalize Bond Markets" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 30, 2021 • 0:00
Who Will Build the Roads? Anyone Who Stands to Benefit from Them.
The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong. Original Article: "Who Will Build the Roads? Anyone Who Stands to Benefit from Them." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 30, 2021 • 0:00
What Spooner Can Teach Us in Our Age of Neofascism
Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern. Original Article: "What Spooner Can Teach Us in Our Age of Neofascism" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 29, 2021 • 0:00
GDP Tells Us Little about the Health of an Economy
If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term. Original Article: "GDP Tells Us Little about the Health of an Economy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 29, 2021 • 0:00
How the West Pushed back the Frontiers of Death
Thanks to capital accumulation and other innovations in the West, life expectancy grew beyond anything previously imagined. The benefits spread from there. Original Article: "How the West Pushed back the Frontiers of Death" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 28, 2021 • 0:00
Governments Love Inflation, and They Won't Do Anything to Stop It
In spite of what they say, governments will do nothing about inflation. Even though "money printing" is the real cause of this, governments will just keep blaming red herrings like supply chain problems. Original Article: "Governments Love Inflation, and They Won't Do Anything to Stop It" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 28, 2021 • 0:00
Why a Bear Market in Bonds Points to a Weakening Economy
Years of bubbles and malinvestment have a downside: the destruction of the productive, wealth-building parts of the economy. And that could mean higher interest rates. Original Article: "Why a Bear Market in Bonds Points to a Weakening Economy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 22, 2021 • 0:00
How the Fed's Easy Money Spurred Today's Financial Frenzies
It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability. Original Article: "How the Fed's Easy Money Spurred Today's Financial Frenzies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 22, 2021 • 0:00
Why Did Google Ads Ban LewRockwell.com?
Google says it can only tolerate "accurate" information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread. Original Article: "Why Did Google Ads Ban LewRockwell.com?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 21, 2021 • 0:00
The Weak Jobs Report Shows the Failure of Keynesian Policies
We can see that these massive trillion-dollar stimulus programs generate a virtually nonexistent long-term positive impact, just a short-term bounce that lasts less than a quarter. Original Article: "The Weak Jobs Report Shows the Failure of Keynesian Policies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 21, 2021 • 0:00
The CIA Has Stultified American Consciences
Anyone with a conscience can easily see that assassinating Julian Assange would be just plain murder. Yet, the reaction to all this from the mainstream press has been one great big collective yawn. Original Article: "The CIA Has Stultified American Consciences" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 20, 2021 • 0:00
Polygamy Is a Problem for Economic Development
Research reveals that in sub-Saharan Africa children in polygamous families are 24.4 times more likely to die when compared with children in monogamous families. Original Article: "Polygamy Is a Problem for Economic Development" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 20, 2021 • 0:00
We're Living in a Chaos Economy. Here's How to End It.
The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace. Original Article: "We're Living in a Chaos Economy. Here's How to End It." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 19, 2021 • 0:00
The UK's National "Crisis": Age-Adjusted Mortality Is at 2008 Levels
Age-adjusted mortality in the UK rose in 2020 to the same level last experienced in 2008. Yet the government declared no national health crisis in those years. Original Article: "The UK's National "Crisis": Age-Adjusted Mortality Is at 2008 Levels" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 19, 2021 • 0:00
Pre-Columbian America Wasn't Exactly a Paradise of Freedom
The story of the Americas as the violent “pacifying” and corralling of free indigenous peoples by white outsiders erases the long history of statism in many areas of the New World. Original Article: "Pre-Columbian America Wasn't Exactly a Paradise of Freedom" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 18, 2021 • 0:00
Don’t Expect Foreign Policy Experts to be Held Accountable for Afghanistan
Until there’s a new foreign policy class informed by an outlook of restraint, no kind of punishment or demotion of those who prosecuted the bungled wars of the past few decades should be expected. Original Article: "Don’t Expect Foreign Policy Experts to be Held Accountable for Afghanistan" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 18, 2021 • 0:00
The US’s Fantastical Foreign Policy: Sowing the Seeds of Failure
After 9/11, the security establishment was giddy about embarking on a global democratic crusade against any nation that did not submit to the US’s liberal hegemonic order. Original Article: "The US’s Fantastical Foreign Policy: Sowing the Seeds of Failure" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 16, 2021 • 0:00
Nord Stream 2: The Value of German-Russian Cooperation
Hopefully, increased interdependence and overlapping interests will help to shape a future of stability in Europe and continue the precious absence of another major war on the continent. Original Article: "Nord Stream 2: The Value of German-Russian Cooperation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 15, 2021 • 0:00
Why Today's Abusers of the Scientific Method Are So Dangerous
It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws. Original Article: "Why Today's Abusers of the Scientific Method Are So Dangerous" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 15, 2021 • 0:00
Berliners in 2021 Want to Expropriate Private Housing
The Berlin “housing crisis” has, of course, many causes. But most, if not all of them, are government made. Unfortunately, however, people blame “capitalists” for their plight. Original Article: "Berliners in 2021 Want to Expropriate Private Housing" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 14, 2021 • 0:00
Why Does Money Have Value? Not Because the Government Says It Does.
Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged. Original Article: "Why Does Money Have Value? Not Because the Government Says It Does." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 14, 2021 • 0:00
Without Lockdowns, Sweden Had Fewer Excess Deaths Than Most of Europe
Although the experts assured us Sweden would experience a disaster and a bloodbath without covid lockdowns, the Nordic nation has fared better than Europe on excess deaths. Original Article: "Without Lockdowns, Sweden Had Fewer Excess Deaths Than Most of Europe" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 13, 2021 • 0:00
How "Cultural Distance" between Societies Can Hamper Economic Prosperity
Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies. Original Article: "How "Cultural Distance" between Societies Can Hamper Economic Prosperity" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 13, 2021 • 0:00
"Shortages" Aren't Causing Inflation. Money Creation Is.
The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation. Original Article: "'Shortages' Aren't Causing Inflation. Money Creation Is." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 12, 2021 • 0:00
The Roots of the Afghanistan War
While the US was able to give the Soviets a bloody nose by pouring billions into the mujahideen, it’s undeniable the US created a Frankenstein's monster that ended up turning on its creator. Original Article: "The Roots of the Afghanistan War" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 12, 2021 • 0:00
The Postpandemic World Is One of Widespread Dependence on Government
The state is making people dependent on it, both as means for control and as an outcome of many policies intended to provide relief. Original Article: "The Postpandemic World Is One of Widespread Dependence on Government" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 11, 2021 • 0:00
Age-Adjusted Mortality Is at 2004 Levels. Yet They Tell Us Covid Is Worse Than the 1918 Flu.
It is important to get some much-needed context when examining a disease which is being used to justify unprecedented increases in state power and violations of human rights. Original Article: "Age-Adjusted Mortality Is at 2004 Levels. Yet They Tell Us Covid Is Worse Than the 1918 Flu." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 11, 2021 • 0:00
Defaulting on the Debt Is the Moral Thing to Do
Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. Original Article: "Defaulting on the Debt Is the Moral Thing to Do" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 6, 2021 • 0:00
How the West Adopted China-Style Lockdowns
In the face of an “invisible enemy,” many Western nations have implemented emergency measures that were once considered dystopian and wholly incompatible with liberal democracy. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 5, 2021 • 0:00
Yellen Is Wrong. The US Government Doesn't Always Pay its Debts.
Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 5, 2021 • 0:00
Inflation-Loving Governments Are Now Blaming Private Businesses for Inflation
As inflation becomes more obvious, governments will be blaming businesses for causing the inflation that policymakers have fueled. This is a step on the way to price controls. Original Article: "Inflation-Loving Governments Are Now Blaming Private Businesses for Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 3, 2021 • 0:00
The Loss in Afghanistan Is Only the Latest Chapter in a Long Story of Intervention
As US military interventions continue across several continents, we should remember that much of US foreign policy is little more than cleaning up messes the US created. Original Article: "The Loss in Afghanistan Is Only the Latest Chapter in a Long Story of Intervention" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 2, 2021 • 0:00
Canada Votes for More of the Same
Justin Trudeau won with a weak "victory" in Canadian elections last week, but he nonetheless claimed a "mandate" for vaccine passports and huge increases in federal spending. Original Article: "Canada Votes for More of the Same" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 2, 2021 • 0:00
Too Much Inflation? Just Raise the Inflation Target!
The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether. Original Article: "Too Much Inflation? Just Raise the Inflation Target!" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 1, 2021 • 0:00
My Time with the FBI
The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens. Original Article: "My Time with the FBI" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Oct 1, 2021 • 0:00
Should War Be Made "Humane"?
Moyn fears that "humane warfare" along with programs of global surveillance, would subject the world to hegemonic control by one or a few dominant superpowers. Original Article: "Should War Be Made 'Humane'?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 30, 2021 • 0:00
The Public Health Officials Say "Trust Us." The Data Says Otherwise.
Despite all the data we have on lockdowns, hospitalization trends, and newly emerging vaccination data, one can only marvel at how trust in the public health system and ruling elite can persist in any capacity. Original Article: "The Public Health Officials Say "Trust Us." The Data Says Otherwise." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 29, 2021 • 0:00
Is an Educated Population Really Necessary for Innovation and Growth?
The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population. Original Article: "Is an Educated Population Really Necessary for Innovation and Growth?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 29, 2021 • 0:00
Europe Faces a Fragile Economy as the Merkel Era Ends
A euro collapse, rather than gas prices and bottlenecks, is the most likely source of sustained high CPI inflation in Europe following the Merkel era. Original Article: "Europe Faces a Fragile Economy as the Merkel Era Ends" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 28, 2021 • 0:00
Before a Bust, There Is Always a Boom (and Malinvestment)
An economic depression is not caused by a decline in the money supply per se, but results from a shrinking pool of savings made possible by a previous bout of monetary inflation. Original Article: "Before a Bust, There Is Always a Boom (and Malinvestment)" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 27, 2021 • 0:00
Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate
The Feds are sitting on a huge pile of decaying buildings. A private business would sell these off, but this task is apparently too difficult for federal bureaucrats. Original Article: "Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 24, 2021 • 0:00
Why "Natural Immunity" Is a Political Problem for the Regime
When asked, "'I’ve recovered from covid, is it absolutely essential that I get vaccinated?' many public health officials have put aside the data and responded with a synchronized 'yes.'" Original Article: "Why "Natural Immunity" Is a Political Problem for the Regime" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 24, 2021 • 0:00
From Diseases to Recessions, Government Failure Is Endemic
As with economic policy to "cure" recessions, the authorities’ health response is good at crippling markets, but never delivers what is promised. Original Article: "From Diseases to Recessions, Government Failure Is Endemic" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 23, 2021 • 0:00
Canadians Should Be Able to Vote "None of the Above"
The fact that NOTA is not a genuine, nonsymbolic ballot option proves that the political class merely pays lip service to the concepts of integrity and the will of the people. Original Article: "Canadians Should Be Able to Vote 'None of the Above'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 23, 2021 • 0:00
Covid Lockdowns Signal the Rise of Public Policy by Ransom
In the age of covid, governments have decided to embrace a new kind of policy: they'll hold the population hostage until the public complies with what the state wants. Original Article: "Covid Lockdowns Signal the Rise of Public Policy by Ransom" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 22, 2021 • 0:00
In Defense of the Speculator
It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters. Original Article: "In Defense of the Speculator" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 21, 2021 • 0:00
You'll Be Shocked to Learn There's Corruption at the Fed
Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers. Original Article: "You'll Be Shocked the Learn There's Corruption at the Fed" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 21, 2021 • 0:00
Is Self-Ownership Necessary?
Isn’t a principle of nonaggression against others another way of stating the self-ownership principle? "Not necessarily," says the insightful philosopher Chandran Kukathas. Original Article: "Is Self-Ownership Necessary?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 20, 2021 • 0:00
US Military Propaganda in Film, Sports, and TV: It's Everywhere
From the darkened cinema to the football field to the airport screening line, the US government inflated the actual threat of terrorism and the necessity of an aggressive military response. Original Article: "US Military Propaganda in Film, Sports, and TV: It's Everywhere" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 20, 2021 • 0:00
What They Really Mean When They Say "Do the Right Thing"
When a politician says "do the right thing," what he means is "do what I say, or else." Original Article: "What They Really Mean When They Say 'Do the Right Thing'" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 19, 2021 • 0:00
Can Economic Data Explain the Timing and Causes of Recessions?
Without establishing the underlying causes of boom-bust cycles, employing policies in response to changes in economic indicators to counter economic cycles is likely to destabilize the economy. Original Article: "Can Economic Data Explain the Timing and Causes of Recessions?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 19, 2021 • 0:00
The Fed Is Helping Facilitate Trailer Park Evictions
The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks. Original Article: "The Fed Is Helping Facilitate Trailer Park Evictions" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 18, 2021 • 0:00
War Has Declined in the West Because War Isn't "Worth It" for Rich Countries
Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world. Original Article: "War Has Declined in the West Because War Isn't "Worth It" for Rich Countries" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 18, 2021 • 0:00
A Legacy of Corruption in the FDA and Big Pharma
As long as Big Pharma wants it, and if there's a profit to be made, apparently our government will be there to provide lots of taxpayer funding. Actual healthcare is apparently a secondary concern. Original Article: "A Legacy of Corruption in the FDA and Big Pharma" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 17, 2021 • 0:00
Biden's Vaccine Mandates: It's about Power
Biden's vaccine mandates are yet another dangerous frontier in using a perceived or real crisis to justify an immense expansion in state power and control over the population. Original Article: "Biden's Vaccine Mandates: It's about Power" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 17, 2021 • 0:00
The Fed's Plan Is Failing: Stagflation Looms as Job Growth Stalls
The Fed’s apparent plan to somehow get to full employment and then deal with inflation sounds nice, but reality could easily derail the plan. Meanwhile, job growth is low and prices are rising. Original Article: "The Fed's Plan Is Failing: Stagflation Looms as Job Growth Stalls" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 16, 2021 • 0:00
What Texas's Unilateral Immigration Policy Tells Us about Washington
What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level. Original Article: "What Texas's Unilateral Immigration Policy Tells Us about Washington" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 16, 2021 • 0:00
Rebutting Paul Krugman on the "Austrian" Pandemic
Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory. Original Article: "Rebutting Paul Krugman on the "Austrian" Pandemic" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 15, 2021 • 0:00
Why the Fed Is So Desperate to Hide Price Inflation
The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. Original Article: "Why the Fed Is So Desperate to Hide Price Inflation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 15, 2021 • 0:00
How to Cheat with Cost-Benefit Analysis: Double Count the Benefits
Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. Original Article: "How to Cheat with Cost-Benefit Analysis: Double Count the Benefits" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 14, 2021 • 0:00
Is California an Economic Paradise? Paul Krugman Thinks So
The people who really run California aren't going anywhere. Even if California voters throw out Newsom very little will change in state government. Original Article: "Is California an Economic Paradise? Paul Krugman Thinks So" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 14, 2021 • 0:00
Against Biden's Mandates
Contra Mr. Biden, this is entirely about freedom and personal choice. Original Article: "Against Biden's Mandates" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 13, 2021 • 0:00
Slippery Slope Arguments and Tyranny
Some slippery slope arguments are a case of bad reasoning, but those presented by Mises and Hayek are not among them. Original Article: "Slippery Slope Arguments and Tyranny" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 13, 2021 • 0:00
America's Economy Is Heading Down the Same Road as Italy's
When I came to the US from Italy, I came as a sort of economic refugee, escaping Italy's economic stagnation. But now America seems intent on copying Italy's path to impoverishment. Original Article: "America's Economy Is Heading Down the Same Road as Italy's" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 10, 2021 • 0:00
<em>WaPo</em> Editors: "Liberty" Requires Us to Implement Vaccine Passports
Governments are seeking to mandate vaccine usage in a variety of ways, even while vaccine producers are shielded from full legal accountability should their treatments cause harm. That should raise some red flags. Original Article: "WaPo Editors: "Liberty" Requires Us to Implement Vaccine Passports" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 9, 2021 • 0:00
Preserving Capital through Bankruptcy
While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital." Original Article: "Preserving Capital through Bankruptcy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 9, 2021 • 0:00
Remember When Conservatives "Canceled" Anyone against the War on Terror? I Do.
Life in American changed twenty years ago after the 9/11 attacks. Many Americans became enraged at anyone who did not swear allegiance to Bush’s antiterrorism crusade. Original Article: "Remember When Conservatives "Canceled" Anyone against the War on Terror? I Do." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 8, 2021 • 0:00
China’s Military Strength Has Been Greatly Exaggerated
China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony. Original Article: "China’s Military Strength Has Been Greatly Exaggerated" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 7, 2021 • 0:00
Some Conservatives Still Pine for the Good Ol' Days of Cannabis Prohibition
The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will suit their purposes. Original Article: "Some Conservatives Still Pine for the Good Ol' Days of Cannabis Prohibition" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 3, 2021 • 0:00
An End to the Bizarre CDC Rent Moratorium
Many landlords just received a crash course about how irrelevant their property rights are in Washington. Original Article: "An End to the Bizarre CDC Rent Moratorium" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 2, 2021 • 0:00
British Columbia’s Supreme Court Gets an F in Healthcare Economics
Canadian hospitals operate under fixed budgets dictated by the government. When this tax revenue is depleted before the end of the year, as often happens, new patients are put on a waiting list. This problem isn't getting any better. Original Article: "British Columbia’s Supreme Court Gets an F in Healthcare Economics" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 1, 2021 • 0:00
Macroeconomic Data Is a Tool for Government Intervention
In a free, unhampered market, businesspersons in the pursuance of their goals will not require macroeconomic indicators. Entrepreneurs require an entirely different kind of data than what government data provides. Original Article: "Macroeconomic Data Is a Tool for Government Intervention" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Sep 1, 2021 • 0:00
Don't Be Fooled by the Fed's Taper Talk
There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it. Original Article: "Don't Be Fooled by the Fed's Taper Talk" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 31, 2021 • 0:00
Where Prices Come From: Menger Explains
Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life. Original Article: "Where Prices Come From: Menger Explains" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 31, 2021 • 0:00
Lithuania's Crackdown on the Unvaccinated
Many Lithuanian politicians are embracing outright segregation of unvaccinated Lithuanians. Fortunately, many Lithuanians are resisting. This fight is not about opposing vaccines, but about protecting basic freedom of choice. Original Article: "Lithuania's Crackdown on the Unvaccinated" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 30, 2021 • 0:00
Happy Hour May Be Getting a Little Happier
Eleven states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit. Original Article: "Happy Hour May Be Getting a Little Happier" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 30, 2021 • 0:00
Beer: A Short and Bitter History of Regulation
Some think that beer's history of regulation begins with hops, but beer has been hemmed in by government red tape for much longer. Original Article: "Beer: A Short and Bitter History of Regulation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 28, 2021 • 0:00
Bretton Woods and the Spoliation of Europe
Gold was only included in the plans for the Bretton Woods system because of the veneer of solidity it gave. Original Article: "Bretton Woods and the Spoliation of Europe" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 27, 2021 • 0:00
The End of the Gold Standard. Fifty Years of Monetary Insanity
The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations. Original Article: "The End of the Gold Standard. Fifty Years of Monetary Insanity" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 27, 2021 • 0:00
How Nixon and FDR Used "Crises" to Destroy the Dollar's Links to Gold
In 1971, Nixon used a fiscal crisis to justify severing the dollar's last connection to gold. It was the same old story: "we must vastly expand government power because of a 'crisis.'" The government never gives up these new powers. Original Article: "How Nixon and FDR Used "Crises" to Destroy the Dollar's Links to Gold" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 26, 2021 • 0:00
The Great Keynesian Coup of August 1971: Fifty Years Later
The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today. Original Article: "The Great Keynesian Coup of August 1971: Fifty Years Later" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 26, 2021 • 0:00
Egypt's Bread Subsidies May Bring Millions to the Brink of Starvation
Most Egyptians have lived their whole lives in a country where the government heavily subsidizes bread prices. But now the deeply indebted Egyptian state faces some tough choices, and Egypt's poor may suffer the most. Original Article: "Egypt's Bread Subsidies May Bring Millions to the Brink of Starvation" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 25, 2021 • 0:00
Paranoia about American Weakness Rests on a Flawed Understanding of History
Victor Davis Hanson's cartoonish conception of how foreign states act is not supported by history and contributes to the US government’s insane defense expenditures and destructive crusades around the globe. Original Article: "Paranoia about American Weakness Rests on a Flawed Understanding of History" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 25, 2021 • 0:00
The Secret Ronald Reagan Told Me about Gold and Great Nations
Fifty years after Nixon closed the gold window, prices are heading toward 1970s-era increases. Yet the Fed cannot increase interest rates as long as the politicians keep creating billions of new debts. Original Article: "The Secret Ronald Reagan Told Me about Gold and Great Nations" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 23, 2021 • 0:00
Two Percent Inflation Is a Lot Worse Than You Think
Even at a "mere" two-percent level, cumulative price increases over time are nothing to scoff at. Even worse, if we look at what people really spend money on, price inflation doesn't much reflect the conclusions of "official" stats. Original Article: "Two Percent Inflation Is a Lot Worse Than You Think" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 23, 2021 • 0:00
The Demise of the Gold Standard
Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price. Original Article: "The Demise of the Gold Standard" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 21, 2021 • 0:00
The Pentagon and the Generals Wanted This Disastrous War
It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner. Original Article: "The Pentagon and the Generals Wanted This Disastrous War" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 20, 2021 • 0:00
How Nixon and the Rockefellers Teamed Up to Destroy the Dollar
In 1971, David Rockefeller favored a “new international monetary system with greater flexibility” and “less reliance on gold.” Seeing an opportunity to expand his own power, Richard Nixon enthusiastically embraced the scheme. Original Article: "How Nixon and the Rockefellers Teamed Up to Destroy the Dollar" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 20, 2021 • 0:00
Welfare Payments and Foreign Policy Fears Are the Only Things Holding America Together
Fear of China and Iran, combined with the more practical desire for continued “free” money from the federal government, will continue to fuel opposition to any serious movement toward secession. Original Article: "Welfare Payments and Foreign Policy Fears Are the Only Things Holding America Together" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 19, 2021 • 0:00
Kabul's Collapse and DC's Incurable Arrogance
There is no reason to expect the Afghanistan debacle to humble Washington policymakers. Korean War fiascos were swept under the rug, paving the way for the Vietnam War. The cycle didn't end there. Original Article: "Kabul's Collapse and DC's Incurable Arrogance" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 19, 2021 • 0:00
The Crime of '71: When Nixon Ended the Dollar's Last Connection to Gold
Nixon's decision to end the gold redeemability of the greenback was probably the most comprehensive act of monetary expropriation of modern times. Original Article: "The Crime of '71: When Nixon Ended the Dollar's Last Connection to Gold" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 18, 2021 • 0:00
Pandemics, Infection, and Libertarianism
When we think in terms of the foundational law of property, it's clear that broad charges of aggression through infection are spurious at best. Original Article: "Pandemics, Infection, and Libertarianism" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 18, 2021 • 0:00
Cuba: The Dictatorship and the "Blockade" Lie
All the propaganda that whitewashes the Cuban dictatorship is based on two lies: the nonexistent “blockade” and the allegedly excellent “public health.” Original Article: "Cuba: The Dictatorship and the "Blockade" Lie" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 17, 2021 • 0:00
Eco-imperialism: The West's New Kind of Colonialism
Western intellectuals are trying to tear down symbols of traditional colonialism. Yet the West still continues a form a colonialism in Africa: eco-imperialism. Original Article: "Eco-imperialism: The West's New Kind of Colonialism" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 16, 2021 • 0:00
Private Investment Is the Answer to Declining Postindustrial Towns
Many people want the state to take the lead in revitalizing run-down towns. How does this make sense, when it is private industry that conceived these towns in the first place? Original Article: "Private Investment Is the Answer to Declining Postindustrial Towns" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 16, 2021 • 0:00
Unmasking the Latest Bipartisan (and Dangerous) Climate Bill
Republicans put a free market happy face on the latest environmentalist policy prescriptions in DC, but that does not change the fact that centrally planned climate policy is terrible economics. Original Article: "Unmasking the Latest Bipartisan (and Dangerous) Climate Bill" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 16, 2021 • 0:00
End the Shutdown, Again
If every new virus or variation warrants shutdowns or new vaccines, we will face an unending dystopian hellscape of state intervention in our medical decisions. Original Article: "End the Shutdown, Again" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 15, 2021 • 0:00
Covid Tyranny Destroys the Myth of "Liberal Democracy"
It wasn’t "fascism" or "Russia" that normalized lockdowns, mandates, and massive whirlwind profits to politically connected cronies in the West—it was the alleged defenders of "liberal democracy." Original Article: 'Covid Tyranny Destroys the Myth of "Liberal Democracy"' This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 15, 2021 • 0:00
Using Goods vs. Exchanging Them: Menger Explains the Difference
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange. Original Article: "Using Goods vs. Exchanging Them: Menger Explains the Difference" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 14, 2021 • 0:00
Government "Stimulus" Keeps Having a Diminishing Effect
We should be extremely concerned about the short and diminishing impact of monster stimulus plans. Original Article: "Government "Stimulus" Keeps Having a Diminishing Effect" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 14, 2021 • 0:00
The Seen and the Unseen of Government R&D
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship. Original Article: "The Seen and the Unseen of Government R&D" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 13, 2021 • 0:00
Revitalizing a Town Takes a Lot More Than Fixing Up a Few Buildings for a TV Show
Creating a functioning and sustainable local economy is much more time consuming and complicated than sprucing up a few buildings to look good on a TV show. Original Article: "Revitalizing a Town Takes a Lot More Than Fixing Up a Few Buildings for a TV Show" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 13, 2021 • 0:00
Jan Tinbergen, Pioneer of Central Planning
Every time something good seemed to emerge from Tinbergen’s work, he seems to have managed to twist it in an awful direction. Original Article: "Jan Tinbergen, Pioneer of Central Planning" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 13, 2021 • 0:00
China Won't Be Taking Over the World
Faced with countless demographic, economic, and strategic problems, China is more likely to collapse than take over the world. Original Article: "China Won't Be Taking Over the World" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 12, 2021 • 0:00
It’s Time to Abolish the Capital Gains Tax
The capital gains tax cuts off start-ups and smaller entrepreneurs from access to flows of capital. The tax makes society more wasteful, less innovative, and less dynamic. Original Article: "It’s Time to Abolish the Capital Gains Tax" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 12, 2021 • 0:00
Getting to Galt's Gulch: Everyday Secession
For the libertarian, the way forward is not joining in left-right political boxing matches, but secession. The success of libertarianism is independence from the state’s influence. Original Article: "Getting to Galt's Gulch: Everyday Secession" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 7, 2021 • 0:00
Forced Vaccinations in France Bring Both Repression and Protest
Macron says vaccines are not compulsory for the general public for now, but they are essentially required for anyone who wants to live a normal life. Original Article: "Forced Vaccinations in France Bring Both Repression and Protest" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 7, 2021 • 0:00
Why Are Thieves Stealing So Many Catalytic Converters?
US car owners are being preyed upon by thieves, because South African mine owners are being preyed upon by their government. Original Article: "Why Are Thieves Stealing So Many Catalytic Converters?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 6, 2021 • 0:00
Canada's Wait Times for Healthcare Are Huge. Activists Blame Free Markets.
Canada's "private" long-term care homes are anything but private. But the fact a small sliver of the marketplace is allowed to charge fees for services means activists want even more socialized medicine. Original Article: "Canada's Wait Times for Healthcare Are Huge. Activists Blame Free Markets." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 6, 2021 • 0:00
Sticks, Not Carrots: Vaccines Must Be Forced, Says Indiana University Health Chief
An Indiana University health officer laments that incentives such as access to events, donuts, french fries, and even hard cash are no longer moving many Americans to fall in line with vaccination. Original Article: "Sticks, Not Carrots: Vaccines Must Be Forced, Says Indiana University Health Chief" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 5, 2021 • 0:00
How Botswana Became the World's Fastest-Growing Economy
The risk of government expropriation of private property remained low, and Botswana rejected antiwhite reformist politics which destroyed capital in many other countries in the region. Economic success has been a result. Original Article: "How Botswana Became the World's Fastest-Growing Economy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 5, 2021 • 0:00
Investors Are on the Lookout for a Crash. But Prices Keep Going Up.
With such a messed-up economy, why is it still hard to spot a bust on the horizon? Original Article: "Investors Are on the Lookout for a Crash. But Prices Keep Going Up." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 4, 2021 • 0:00
Will the Feds Try Price Controls to "Fix" Price Inflation?
We may be told price controls are a temporary necessity, as in 1971 under Nixon. But one thing is certain: price controls will do nothing to resolve the issues underlying the inflation. Original Article: "Will the Feds Try Price Controls to "Fix" Price Inflation?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 4, 2021 • 0:00
The Fed Says It Stabilizes the Economy. I'm Skeptical.
The Fed says it "provides the nation with a safe, flexible and stable monetary and financial system." Can we all breathe easier now? Original Article: "The Fed Says It Stabilizes the Economy. I'm Skeptical." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Aug 4, 2021 • 0:00
If the US Wants to Beat China, Why Is It Copying China's Socialism?
If the US wants to strengthen its economic and geostrategic position versus China, it needs to apply the same free market principles that made it prosperous and powerful in the first place. Original Article: "If the US Wants to Beat China, Why Is It Copying China's Socialism?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 29, 2021 • 0:00
Why Europe's Highly Regulated Power Market Is So Bad for Growth
In Europe, there is no competitive market for electrical power. And since power is an important factor of production, it also means the overall marketplace is wasteful, inefficient, and sluggish. Original Article: "Why Europe's Highly Regulated Power Market Is So Bad for Growth" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 29, 2021 • 0:00
This Is a Weak Jobs Recovery
The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. Original Article: "This Is a Weak Jobs Recovery" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 28, 2021 • 0:00
Government Debt Is Starting to Look Almost as Sketchy as Payday Loans
As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay. Original Article: "Government Debt Is Starting to Look Almost as Sketchy as Payday Loans" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 28, 2021 • 0:00
My Case against Minimum-Wage Laws
We often hear these minimum wage laws are well intentioned. I cannot agree. Minimum-wage laws are evil in their methods (coercion) and evil in their goals (to make people believe they’re dependent on government). Original Article: "My Case against Minimum-Wage Laws" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 27, 2021 • 0:00
From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money
Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. Original Article: "From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 17, 2021 • 0:00
Can the Dollar Survive Both Cryptocurrencies and China?
The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high. Original Article: "Can the Dollar Survive Both Cryptocurrencies and China?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 16, 2021 • 0:00
Biden's Economic Team Predicts Long-Term Slow Growth
Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that disdains free enterprise. Original Article: "Biden's Economic Team Predicts Long-Term Slow Growth" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 16, 2021 • 0:00
There's a New "Study" Showing 26% of Americans Are Right-Wing Authoritarians. There's Nothing Scientific about It.
The cognitive dissonance of American academia and journalism is on full display in this survey. Original Article: "There's a New "Study" Showing 26% of Americans Are Right-Wing Authoritarians. There's Nothing Scientific about It." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 15, 2021 • 0:00
An "Open Mind" Is of No Use When It's Open to Lies
Countless Americans have been repeatedly told to “follow the science,” supposedly to prove they are not obstinately closed-minded. But the main purpose of it all was just to open people’s minds to what government bureaucrats wanted. Original Article: "An "Open Mind" Is of No Use When It's Open to Lies" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 15, 2021 • 0:00
Governments Are Failing at Their Most Basic Duties—While Promising Free Stuff
Political candidates are offering endless government spending and "free stuff" for everyone. But at the same time, governments appear incapable of performing even basic duties like ending street riots. Original Article: "Governments Are Failing at Their Most Basic Duties—While Promising Free Stuff" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 14, 2021 • 0:00
Fannie and Freddie Are Just Government Agencies. They're Likely to Stay That Way.
Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations. Original Article: "Fannie and Freddie Are Just Government Agencies. They're Likely to Stay That Way." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 14, 2021 • 0:00
The Fed Plans to Raise Interest Rates—<em>Years</em> from Now
The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. Original Article: "The Fed Plans to Raise Interest Rates— Years from Now" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 13, 2021 • 0:00
Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle
An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins. Original Article: "Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 13, 2021 • 0:00
The Feds Collect Most of the Taxes in America—So They Have Most of the Power
The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America. Original Article: "The Feds Collect Most of the Taxes in America—So They Have Most of the Power" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 12, 2021 • 0:00
Is There Such a Thing as Good Inflation?
Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair. Original Article: "Is There Such a Thing as Good Inflation?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 12, 2021 • 0:00
Why Biden Wants a Cap on State and Local Tax Deductions
The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice. Original Article: "Why Biden Wants a Cap on State and Local Tax Deductions" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 10, 2021 • 0:00
Experts Said Ending Lockdowns Would Be Worse for the Economy than the Lockdowns Themselves. They Were Wrong.
The experts claimed that if any state ended its stay-at-home orders “prematurely,” its economy would become even more devastated than if it remained locked down. The experts were wrong. Original Article: "Experts Said Ending Lockdowns Would Be Worse for the Economy than the Lockdowns Themselves. They Were Wrong." This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 10, 2021 • 0:00
Mortgage Companies Cash in on Pandemic Relief
“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.” Original Article: "Mortgage Companies Cash in on Pandemic Relief" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 9, 2021 • 0:00
Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse
The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that. Original Article: "Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 9, 2021 • 0:00
Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI
Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways. Original Article: "Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 8, 2021 • 0:00
3 Common Criticisms of Crypto—and Why They're Wrong
Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency. Original Article: "3 Common Criticisms of Crypto—and Why They're Wrong" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 8, 2021 • 0:00
The <em>Real</em> Trickle-Down Effect: Making "Luxuries" Affordable to Regular People
The "trickle down" effect is real in how capitalists are motivated to expand affordability of their products and services. Mobile phones and air travel were once just luxuries enjoyed by a select few, but are now widely affordable. Original Article: "The Real Trickle-Down Effect: Making "Luxuries" Affordable to Regular People" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 7, 2021 • 0:00
Why America's Oligarchs Are Moving Left
Wokeness may now be a public relations strategy—a method of appealing to the moral sensibilities of the upper-middle-class woke American consumer. Original Article: "Why America's Oligarchs Are Moving Left" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 7, 2021 • 0:00
With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble
The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top. Original Article: "With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 6, 2021 • 0:00
Why the US Supports Secession for Africans, but Not for Americans
The United States has long supported the idea of secession and "self-determination" for some faraway colonies. But the US regime is careful to define self-determination so as to deny any chance of secession closer to home. Original Article: "Why the US Supports Secession for Africans, but Not for Americans" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 1, 2021 • 0:00
Why Keynes Was Wrong about Unemployment
Henry Hazlitt’s second law is the observation that everything in Keynes's General Theory is either unoriginal or untrue. Keynes's theory of unemployment equilibrium is the most original aspect of his work. Original Article: "Why Keynes Was Wrong about Unemployment" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Jul 1, 2021 • 0:00