Audio Mises Wire

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value

In an attempt to compete with the Soviet Union by bringing future elite political leaders from Africa to study in US universities, Sen. John Kennedy and the CIA inadvertently spread Marxism here and abroad. One product of this program was bringing Mamdani's Marxist father to the US.Original article: https://mises.org/mises-wire/how-jfk-and-cia-gave-nyc-zohran-mamdani-and-obama-us

Oklahoma City will be building a new arena for the 2025 NBA Champions Thunder. Not surprisingly, the taxpayers will be the ones carrying most of the financial burden.Original article: https://mises.org/mises-wire/thunderously-bad-deal-oklahoma-citys-crony-arena-tax

Many "social justice" advocates claim to appeal to a “higher law,” but they usually refuse to acknowledge economic laws because those laws stand in their way of creating the "just" society.Original article: https://mises.org/mises-wire/austrian-perspectives-social-justice

It was no secret that President Franklin Roosevelt hated Germany and all things German. Heavily influenced by Silas Marcus MacVane. FDR embraced MacVane's left-leaning progressivism.Original article: https://mises.org/mises-wire/origins-fdrs-teutonophobia

The long-awaited biography of William F. Buckley Jr. is hardly worth the wait of thirty years. David Brady, Jr., reviews it, saving our readers the pain of reading themselves.Original article: https://mises.org/mises-wire/tanenhaus-and-god-buckley

While Hayek did not write directly about the American Civil War, some of his writings provide insights on the conflict.Original article: https://mises.org/friday-philosophy/jefferson-davis-von-hayek

While it is true that colonial era governments sometimes burned paper money after receiving it in the form of taxation, why they burned the money is for reasons other than what MMT advocates are claiming. In the end, the MMT promoters are telling a false history.Original article: https://mises.org/mises-wire/why-governments-burned-money

Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d'état.Original article: https://mises.org/mises-wire/rothbard-constitution-was-coup-detat

Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.Original article: https://mises.org/mises-wire/mmt-wrong-about-history-origins-money

We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.Original article: https://mises.org/mises-wire/yes-virginia-there-deep-state-and-it-worse-you-think

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.Original article: https://mises.org/mises-wire/lincolns-new-deal

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.Original article: https://mises.org/mises-wire/christine-lagarde-and-privatization-currency

America recently celebrated Independence Day, but Americans were too quick to abandon their own individual freedoms and individual sovereignty and submit to the state.Original article: https://mises.org/mises-wire/life-source-missing-todays-narratives

The Trump administration has withdrawn its promised $4 billion for the California Bullet Train project because this project does not have a viable future. While they may complete the 171-mile Central Valley portion, the rest of the project is dead in the water.Original article: https://mises.org/mises-wire/mother-o-mercy-end-cal-bullet-train

The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate.Original article: https://mises.org/power-market/nobody-fed-chairman

President Trump is proposing a $1.5 million levy on Chinese-built ships that enter US harbors. Since a majority of cargo ships have been produced by Chinese shipyards, the costs would be substantial. This action also would damage US exports, yet another unintended consequence of US policies.Original article: https://mises.org/mises-wire/trumps-tariff-ship-has-sailed-chinese-ship-levy

The old classical liberal political tactics of constitutionalism, state building, and universal suffrage have clearly failed. Original article: https://mises.org/mises-wire/why-classical-liberal-constitutionalism-has-failed

The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.”Original article: https://mises.org/mises-wire/ftc-versus-fortnite-consumer-protection-consumer-deception

Discussions of wages often miss the all-important economic of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.Original article: https://mises.org/power-market/wnba-players-pay-us-what-you-owe-us

The White House is boasting about a new trade “deal” with the EU. But every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off.Original article: https://mises.org/mises-wire/us-eu-trade-deal-nothing-celebrate

Once he took office, Trump continued Biden‘s policy of massive arms shipments to Israel. Trump even sent American bombers to attack Iran‘s nuclear facilities.Original article: https://mises.org/mises-wire/dont-ship-weapons-troubled-hot-spots

Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt.Original article: https://mises.org/mises-wire/federal-student-loans-drive-college-tuition-levels

Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism.Original article: https://mises.org/mises-wire/why-racism-cant-explain-europes-drive-conquest-and-colonial-power

The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.Original article: https://mises.org/mises-wire/tariffs-mean-lost-jobs

The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country.Original article: https://mises.org/mises-wire/axe-bank-portugal-it-does-more-harm

Surveys used to gauge optimism or pessimism about the economy may be interesting to read, but unless they are the product of sound and realistic economic theory, they are not economically useful.Original article: https://mises.org/mises-wire/can-surveys-provide-insight-state-economy

Most people believe that ours is a “free-market” healthcare system, but nothing could be further from the truth. A true market-based system as explained here would be less costly and more oriented to patient care.Original article: https://mises.org/mises-wire/key-elements-market-based-health-system

Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise.Original article: https://mises.org/mises-wire/human-reason-foundation-civilization

Europeans are being forced into an energy transition through debt-fueled spending that will lead to permanently higher energy prices and stifle European competitiveness. This won‘t change the climate, but it will make the people poorer.Original article: https://mises.org/mises-wire/energy-transition-tool-fascist-capitalism

Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative.Original article: https://mises.org/mises-wire/how-psychology-catching-reality-human-action

If education and career skills are what you want, a college or university may be a waste of your time and money.Original article: https://mises.org/mises-wire/four-reasons-why-college-degrees-are-becoming-useless

If New Yorkers wanted to help students by paying for their tuition, they would have already done so on their own.Original article: https://mises.org/mises-wire/busting-free-college-myth

In Syria the damage is done, and future generations will continue to suffer from the cruel folly of those convinced they know how to run everyone else's lives.Original article: https://mises.org/power-market/americas-syrian-civil-war

In this week's Friday Philosophy, Dr. David Gordon takes on Alex Honneth's The Working Sovereign. While Dr. Gordon acknowledges that the author gives an "Honneth" effort, his logic and grasp of the world of work fall way short of being convincing.Original article: https://mises.org/friday-philosophy/honneth-effort

Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong. Original article: https://mises.org/mises-wire/mmters-love-when-governments-burn-money

Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.Original article: https://mises.org/mises-wire/open-letter-treasury-secretary-bessent

The news that Starbucks is closing sixteen stores due to customer safety concerns exposes the lack of police protection in cities and the problems with allowing noncustomers to remain in stores.Original article: https://mises.org/mises-wire/private-property-and-customer-safety-starbucks-learns-hard-lesson

At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”Original article: https://mises.org/mises-wire/do-wnba-players-really-want-be-paid-what-they-are-owed

When the covid madness was imposed upon the world five years ago, the lockdown advocates claimed they were just “doing science.” In reality, they were ignoring science, lying, and just “doing totalitarian politics.”Original article: https://mises.org/mises-wire/virus-was-born-orphan-origin-sars-cov-2-and-silence-institutions

In the wake of the US bombing of Iran, media outlets are warning about Iran retaliating with cyber attacks on the West. As the public fear of attacks increases, government moves into the void to find new ways to restrict our liberties.Original article: https://mises.org/mises-wire/will-iran-cyber-attack-panic-usher-new-patriot-act

The Democrats are performing an autopsy of their 2024 electoral failures, but without mentioning Biden, the Harris campaign, their alienation of certain demographics, or their polarizing positions.Original article: https://mises.org/mises-wire/democrats-are-making-costly-unserious-attempt-find-out-why-they-lost