Audio Articles: Recent Episodes
Mises Institute
Narrated versions of selected Mises.org articles and essays, including Audio Mises Wire and Audio Mises Daily.
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"
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"
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"
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"
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?"
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"
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"
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"
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"
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"
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!"
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"
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"
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"
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"
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"
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""
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"
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"
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"
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"
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"
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"
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"
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"
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"
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?"
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"
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"
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?"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
The recent actions of the Federal Reserve are reminiscent of central bank activities in wartime.
Original Article: "Has World War III Already Begun?"
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""
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"
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"
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"
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"
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"
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."
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"
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?"
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"
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."
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"
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""
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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""
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"
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"
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"
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?"
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"
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?"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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?"
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"
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"
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"
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)?"
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?"
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?"
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"
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"
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"
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!"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
What many people call government generosity Leonard Read called avarice.
Original Article: "To Avarice No Sanction"
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"
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"
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"
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"
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?"
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"
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"
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"
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'"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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?"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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?"
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"
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"
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"
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"
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"
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"
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"
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""
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"
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"
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?"
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"
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"
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?"
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?"
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"
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)"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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?"
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"
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"
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."
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"
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"
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"
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."
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"
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"
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?"
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"
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"
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"
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"
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"
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"
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"
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"
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"
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.
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.
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"
This Audio Mises Wire is generously sponsored by Christopher Condon.
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.
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 . . ."
This Audio Mises Wire is generously sponsored by Christopher Condon.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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. '
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"
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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"
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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. '
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. '
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"
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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. '
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. '
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. '
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. '
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"
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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. '
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"
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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. '
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"
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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"
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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"
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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"
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Among Mises's contributions was his doctrine of consumer sovereignty in a free market.
Original Article: "Consumers, Workers, and Monopolies: Free Markets Serve All"
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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?"
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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"
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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. '
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"
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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"
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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. '
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. '
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. '
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. '
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"
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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"
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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. '
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.
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"
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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"
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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"
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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"
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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""
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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. '
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. '
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. '
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"
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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. '
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"
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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. '
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"
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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.
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. '
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"
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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. '
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.
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. '
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. '
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. '
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"
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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"
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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. '
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. '
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. '
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"
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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. '
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. '
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.
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. '
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"
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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"
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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"
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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"
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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"
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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. '
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"
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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"
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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"
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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"
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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"
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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"
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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?"
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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"
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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"
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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"
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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"
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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"
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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"
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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. '
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?"
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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.
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.
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"
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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?"
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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?"
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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"
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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?"
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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"
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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?"
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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.
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"
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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?"
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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"
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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"
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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"
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Do these things to stand apart from your peers.
Original Article: "Five Keys to Professional and Personal Development"
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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"
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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"
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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"
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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"
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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.
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.
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"
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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.
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"
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Original Article: "Everything You Love You Owe to Capitalism"
This Audio Mises Wire is generously sponsored by Christopher Condon.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Original Article: "Defining and Defending Freedom"
This Audio Mises Wire is generously sponsored by Christopher Condon.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
There are two competing visions for the Right.
Original Article: "The New Postliberalism"
This Audio Mises Wire is generously sponsored by Christopher Condon.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Original Article: "How the West Adopted China-Style Lockdowns"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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.
Original Article: "Yellen Is Wrong. The US Government Doesn't Always Pay its Debts."
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.