Audio Mises Wire

Mises University begins Sunday, July 20, and given that misinformation abounds about the economy, it is good to have a forum where students can learn economic truths and stretch their minds.Original article: https://mises.org/mises-wire/why-mises-university-matters

Despite assurances from Amtrak's administrators that profitability is just around the corner, Amtrak remains a huge money loser. However, even given the long distances of some of the routes, Amtrak could still be profitable if its leadership is willing to make changes.Original article: https://mises.org/mises-wire/subsidies-amtrak-and-siemens-pathway-cronyism-few

The word "democratic" is supposed to soften the blow of socialism, with Zohran Mamdani's campaign being the latest to fool the voters. In reality, there is no softening real socialism, as it depends upon coercion, violence, and ultimately becomes totalitarian.Original article: https://mises.org/mises-wire/democratic-socialism-totalitarianism

Like a child with his new favorite toy at Christmas, President Trump is using tariff taxes not only to attempt to centrally plan the pricing of thousands of goods and services in the economy, but also to engage in election interference in other countries.Original article: https://mises.org/power-market/trumps-election-interference-tariff

There are real concerns regarding Mamdani. Mamdani is a self-described socialist, and socialism has failed disastrously everywhere it's been tried.Original article: https://mises.org/power-market/new-york-city-doomed

Exposing such lies is key for restoring liberty. The good news is that the more mistrust of government grows, the easier it will be to find people receptive to our message.Original article: https://mises.org/power-market/mistrusting-government-about-epstein-and-more

By introducing legislation to raise the federal minimum wage to $15 an hour, Republican Sen. Josh Hawley is demonstrating that while Republicans like to talk about free markets, they are statists and interventionists like their Democratic colleagues across the aisle.Original article: https://mises.org/mises-wire/josh-hawley-proves-republicans-still-dont-understand-economics

Perhaps no publication contributed more to the Colonials' drive for independence from Great Britain than Thomas Paine's pamphlet "Common Sense." But what if he had tried to get the Continental Congress to publish it, instead? The following debate might have occurred.Original article: https://mises.org/mises-wire/thomas-paine-slaps-congress-his-resume

When President Trump declared the Epstein case closed, many of his supporters in MAGA objected, believing that the government is still hiding the truth. But Trump opponents claim that MAGA is a monolithic movement beholden only to Trump. This incident tells us something else.Original article: https://mises.org/mises-wire/split-over-epstein-tells-us-something-important-about-maga-movement

In its attempt to claim that the concept of free trade is full of fallacies, The American Compass builds its anti-free trade case upon fallacies.Original article: https://mises.org/mises-wire/fallacies-conservative-protectionists

The most popular method of deprecating capitalism is to make it responsible for every condition which is considered unsatisfactory.Original article: https://mises.org/mises-wire/propaganda-war-against-capitalism

Modern progressive governance claims it has science on its side. Hayek‘s Nobel speech punctured that viewpoint.Original article: https://mises.org/mises-wire/hayek-difference-between-science-and-scientism

Progressives blame all the recent wildfires on "climate change," but the real culprit is government mismanagement of public forests and grasslands. The recent fire at the North Rim of the Grand Canyon is yet another example.Original article: https://mises.org/mises-wire/why-government-lands-burn

When socialist Evo Morales was elected president of Bolivia, he received favorable press from the western media. Like most socialists, however, his government turned tyrannical. Disqualified from office, he and his followers now seek to stage a coup to return him to power.Original article: https://mises.org/mises-wire/bolivia-held-hostage-tyrants-return

A government that rules by imposing politically-oriented statutes upon its citizens cannot lay claim to governing by “rule of law.” Hayek understood that claiming “legality” to anything the state does is a sure road to tyranny.Original article: https://mises.org/mises-wire/why-hayek-rejected-mere-legality

Although most political attention is focused on the US presidency, James Bovard pleads guilty to contempt of Congress. This is the Congress that is spending and borrowing the country into financial oblivion, but never taking the blame for the results.Original article: https://mises.org/mises-wire/my-46-years-contempt-congress

Reich, Elizabeth Warren, and other leftists never address the root cause of what they correctly diagnose as excessive corporate power: the Federal Reserve.Original article: https://mises.org/power-market/robert-reichs-blind-spots-elephant-progressive-lefts-room

Innovations aren‘t very useful unless they serve consumers in the marketplace. Otherwise, we‘re pursuing innovation for its own sake, and that isn‘t progress.Original article: https://mises.org/mises-wire/intellectual-property-innovation-should-serve-consumers-not-producers

American corporations are lavishing billions of dollars on leftist groups in the name of “equity.” But many of them are also donating to even more questionable people and causes.Original article: https://mises.org/mises-wire/putrid-underbelly-woke-capitalism

The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.Original article: https://mises.org/mises-wire/do-financial-markets-operate-upon-superior-knowledge

The poet, the opera, and the Terror: when art dares to confront the violence of power. How one artist portrays the French Revolution and the political terror it unleashed is a grim reminder of what today's Bastille Day celebrations ignore.Original article: https://mises.org/mises-wire/guillotine-and-lyre-what-andrea-chenier-reveals-about-french-revolution

Murray Rothbard called egalitarianism a "revolt against nature," and he believed that the egalitarianism inherent in the Fourteenth Amendment was socially harmful. Social engineering never turns out well, but that doesn't discourage progressives from engaging in it.Original article: https://mises.org/mises-wire/social-engineering-under-fourteenth-amendment

Critics of free markets such as Oren Cass claim that Austrians and other supporters of the free economy are engaged in “market fundamentalism.” However, support for free markets is not an act of blind faith but is based upon understanding of how markets actually work.Original article: https://mises.org/mises-wire/debunking-myth-market-fundamentalism

Throughout history, decentralization and secession have helped pave the way for more individual freedom. Naturally, political elites want to centralize everything, thus setting off the eternal battle between centralizers and decentralizers.Original article: https://mises.org/mises-wire/forces-centralization-and-struggle-freedom

When does philosophy degenerate into simple propaganda? In this week's Friday Philosophy, Dr. David Gordon examines the writings of Jürgen Habermas, concluding that much of what Habermas said was little more than ginned up Marxism.Original article: https://mises.org/friday-philosophy/jurgen-habermas-philosopher-marxist-propagandist

Original article: https://mises.org/power-market/libertarian-silence-japan

Despite the chaos and nonsense coming from the different factions involved, neocons and enemies of peace and freedom in America have been revealed.Original article: https://mises.org/power-market/12-day-war-was-political-disaster-america-and-israel

Both many Pro-Natalists as well as their critics have a Malthusian view of the world in which humans seem to be impervious to incentives and changing conditions. It is time for praxeologists to speak up.Original article: https://mises.org/mises-wire/are-pro-natalists-real-malthusians

Original article: https://mises.org/power-market/israeli-restrictions-reporting-impact-sites-government-censorship

In the wake of the flooding disasters in Texas, a number of leftists made inflammatory remarks on social media, celebrating the death of flood victims. Our society has reached a low point to where people believe that the “right” political candidates can bring us better weather.Original article: https://mises.org/mises-wire/why-every-natural-disaster-being-politicized

If President Trump really wanted to help Israel he would inform Netanyahu this week that not another US dollar would be sent to prop up his government.Original article: https://mises.org/power-market/what-trump-should-tell-netanyahu

As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte, Trump's Director of the Federal Housing Finance Agency, is demanding the Fed force down interest rates to restart the unsustainable boom.Original article: https://mises.org/mises-wire/bid-ask-spread-housing-and-pultes-law

Original article: https://mises.org/power-market/iran-everything-you-need-know-were-too-afraid-israel-lobby-ask

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

As the Texas floodwaters receded, politicians like Chuck Schumer twisted facts about the tragedy to score a political win. Examining what went wrong to prevent such tragedies from happening again is the right thing to do. But that involves looking at the actual facts.Original article: https://mises.org/mises-wire/texas-floods-another-disaster-another-false-narrative

Now is the time to admit that easy-money policy and corporate bailouts—imposed in the name of increasing homeownership—has only made housing more unaffordable.Original article: https://mises.org/mises-wire/homeownership-rate-lower-now-it-was-45-years-ago

President Trump cracked down on the latest version of the LA riots by calling in the National Guard. However, much of the violence that accompanied those riots came courtesy of government actors.Original article: https://mises.org/mises-wire/riots-are-symptom-statist-disease

Don‘t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It‘s best that we know how to protect ourselves from the consequences.Original article: https://mises.org/mises-wire/political-machine-rolls-regardless

Twentieth and twenty-first century monetary history shows us how our government, step-by-step, removed the monetary gold standard and introduced their fiat paper currency dollar to fund their increasing political power.Original article: https://mises.org/power-market/what-if-we-were-gold-standard

A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.Original article: https://mises.org/mises-wire/mythology-methodological-collectivism

Although President Trump has claimed that tariffs will ultimately raise our standard of living, they really are taxes on consumers. Furthermore, tariffs also deny consumers the choices they want to make.Original article: https://mises.org/mises-wire/tariffs-destroy-consumer-choice

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.Original article: https://mises.org/mises-wire/futility-price-stability-policies