Audio Mises Wire

This brief historical sketch brings us to how the American and Israeli militaries of today have adopted a nineteenth-century-style war of extermination against what they consider to be another “lesser race.”Original article: https://mises.org/mises-wire/american-israeli-nineteenth-century-ways-war

The free market replaces the struggle for survival found in the animal world with social cooperation in which everybody benefits. Capitalism is a system of peace, not war.Original article: https://mises.org/mises-wire/ludwig-von-mises-peace-and-social-cooperation

Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars.Original article: https://mises.org/mises-wire/did-fed-achieve-independence-during-korean-war

President Trump's so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.Original article: https://mises.org/mises-wire/one-bloated-brobdingnagian-bill

David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand.Original article: https://mises.org/mises-wire/magic-coin-and-renewing-interest-monetary-policy

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy

Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is why we always should question those political decisions that can turn our lives upside down.Original article: Don't Be A Panican, But Question Government Shenanigans

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.Original article: The Political Business Cycle 50 Years Later

Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.Original article: Why Elon Musk Is Right: The Case Against Subsidizing Amtrak

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.Original article: Truth or Consequences

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.Original article: Enslavement of Native Americans in the Caribbean

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.Original article: Inflation: Looking Beyond Aggregates

The Trump White House has enacted tariffs in the belief that other countries are “cheating” by enacting tariffs against US goods and “manipulating” their currencies. However, with the US dollar being the world's reserve currency, the US has engaged in dollar manipulation through inflation.Original article: https://mises.org/mises-wire/mmt-and-us-history-redefining-chartalism

We know what happened on November 22, 1963, at Dealey Plaza in Dallas, but there is a lot about that terrible day we don't know. But we also know that President Kennedy challenged the National Security State. Did it cost him his life?Original article: https://mises.org/mises-wire/jfk-and-burden-proof

From Reconstruction to George Floyd, the left‘s guilt industry has run at full speed. As Murray Rothbard wrote, it is time to stand up to those that use guilt as a social weapon.Original article: https://mises.org/mises-wire/politics-guilt

Thanks to the endless “War Against Terror,” the US Government promoted methods of torture, including some borrowed from the sadistic torturers of the former Soviet Union. Congress stood by and let it happen.Original article: https://mises.org/mises-wire/we-never-got-torture-congress

The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is the presence of trade deficits with other nations. However, what if US trade deficits don't matter?Original article: https://mises.org/mises-wire/what-rationale-behind-current-us-tariff-policy

While no one is accusing egg producers of colluding or price-fixing, from an economic standpoint, it certainly could be happening either by design or incidentally.Original article: https://mises.org/power-market/how-high-egg-prices-may-resemble-high-opec-cartel-oil-prices

There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.Original article: https://mises.org/mises-wire/why-haters-free-markets-love-fruits-free-markets

Why do cultures degenerate? At the recent Natal Conference, Robin Hanson cites biological and evolutionary factors. However, if one looks to Mises and the Austrians, we look squarely at human action that begins with the human mind and purposeful action.Original article: https://mises.org/mises-wire/culture-degeneration-biological-or-ideological

France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. Naturally, the French media and government blame capitalism and look to double down on the intervention that has causes this crisis.Original article: https://mises.org/mises-wire/price-controls-and-drug-shortages-france-textbook-case-evils-interventionism

Dr. David Gordon reviews Mary Grabar‘s Debunking FDR, which examines Roosevelt‘s paternalistic worldview and how it shaped his political life and his presidency. Original article: https://mises.org/friday-philosophy/lord-manor

The 20th century gave us two world wars that have altered the world's political landscape to this day. We would do well to remember the main lesson from World War I: there is no “honor” in warfare. It is pure murder.Original article: https://mises.org/friday-philosophy/lord-manor

Forbes called this explosive loan situation, a “perfect storm…of heavier debt loads, higher payments, and an unforgiving economy.”Original article: https://mises.org/mises-wire/student-loans-new-sheriff-town

MMT uses chartalism and a few dubious examples to appeal to history to establish the theory‘s authority and validity, only to discard this element as irrelevant and unnecessary.Original article: https://mises.org/mises-wire/mmt-and-us-history-redefining-chartalism

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.Original article: Wealth Generation and the Market Economy

By their nature, free markets promote harmony between people and increase overall standards of living. This view is radically different from the ones promoted by Marxists who believe that only “class interests” matter.Original article: Free Markets Promote Peaceful Cooperation and Racial Harmony

Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.Original article: Empire as the Price of Bureaucracy

Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville.Original article: The State Isn't Santa Claus, It's the Grinch!

A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools.Original article: Are the Transfer Portal and NIL Ruining College Sports? Explaining the Changes Using Austrian Economics

Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.Original article: Inheritance Tax Hikes Threaten Farmers' Property Rights in the UK

President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.Original article: Tariffs Won't Save the US Dollar

Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.Original article: The Inflationist View of History

No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy. Original article: A Praxeological Critique of the Equation of Exchange and Neutrality of Money

The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment. Original article: Under Trump, Expect No Change to the Monetary Status Quo

Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.Original article: Jimmy Carter's Legacy Is Much More than Good Deeds Done in His Later Years

Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness.Original article: How the Nanny Campus Will Fight to Keep Taxpayers Hostage

The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else.Original article: Marxism and the Cultural Revolution

Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish. Original article: Is the Fed Loosening or Tightening? It's Complicated.

The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story.Original article: The Poor Man of Nippur and Austrian Economic Principles

One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.Original article: Should Central Banks Accommodate Increases in Demand for Money?

Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.Original article: The Pretense of Knowledge