Audio Mises Wire

Not surprisingly, the present government is rapidly politicizing artificial intelligence. We don't have to look far for disastrous results.Original article: https://mises.org/mises-wire/ai-creative-destruction-and-politicization-economic-change

The covid lockdowns were useless for public health, but they vastly strengthened government's stranglehold over our lives. We cannot allow this to happen again.Original article: https://mises.org/mises-wire/potential-lockdowns-polarization-and-what-should-be-done

Despite attempts to whitewash its past, progressivism was a poisonous ideology from the beginning. One of its worst legacies is eugenics, which not only created social strife in the US, but also was exported to Germany, where the Nazis embraced it.Original article: https://mises.org/mises-wire/how-american-progressives-influenced-hitler

Contrary to the myth that kings routinely ruled over cowed subordinates by "divine right" in the Middle Ages, civil governments of the period faced countless institutional obstacles to the exercise of power.Original article: https://mises.org/mises-wire/medieval-europeans-paved-way-freedom-west

The current free-for-all in Division I NCAA sports is not the product of a free market, but rather is chaos being imposed by the courts and government agencies. Original article: https://mises.org/mises-wire/anarcho-tyranny-killing-college-sports

As AI continues to grow, we are told to fear private transactions and to depend on the state for safety and security. The reality is that we need to fear the state and what it will do to us as technology becomes increasingly sophisticated.Original article: https://mises.org/mises-wire/were-freaking-doomed-without-freedom-state-rule

This key decision of the Continental Congress matters because the way a war is fought affects the outcomes; the choice to fight like a state means either losing or winning like a state.Original article: https://mises.org/mises-wire/charles-lee-alternative-george-washington-youve-probably-never-heard

According to the University of Michigan's latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition.Original article: https://mises.org/power-market/federal-reserve-why-people-are-unhappy

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists.Original article: https://mises.org/mises-wire/subjective-nature-time-bergson-mises

Thanks to the Fed's creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.Original article: https://mises.org/mises-wire/great-disconnect-when-wealth-and-productive-ability-diverge

Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no.Original article: https://mises.org/mises-wire/economic-calculation-and-southern-california-beach-girl

Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies.Original article: https://mises.org/mises-wire/praxeology-antidote-hyperreality

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.Original article: https://mises.org/mises-wire/remembering-mogambo-guru

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.Original article: https://mises.org/mises-wire/crazy-wealth-tax-proposals-california-and-new-york-city

The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. History and reality tell us, however, that these companies soon enough will be as bloated and corrupt as their contemporaries.Original article: https://mises.org/mises-wire/beware-neo-primes

Did the Declaration of Independence carry a hidden message of abolition of slavery? Justice Clarence Thomas and historian Harry Jaffa believe that, but legal scholar Wanjiru Njoya holds that such an interpretation pushes the envelope too far.Original article: https://mises.org/mises-wire/justice-clarence-thomas-harry-jaffa-and-declaration-independence

The Appalachian region, while always relatively poor, had strong families and institutions that held things together. In the aftermath of the expansion of the welfare state and the shrinking of the iron, steel, and coal industries, we have seen social breakdowns and increasing drug addiction.Original article: https://mises.org/mises-wire/sedation-appalachia

The recent primary defeat of Thomas Massie will deprive this country of a free-market and anti-war voice. How should libertarians respond?Original article: https://mises.org/mises-wire/defeat-thomas-massie-where-go-hereSee also "Post-Massie America" (Power & Market Podcast) and "Massie Defeated in Kentucky Primary" by Ryan McMaken.

Viewing the Declaration of Independence as the act that created one consolidated American nation is a common historical anachronism, which projects a later nationalist understanding backward onto the founding era.Original article: https://mises.org/mises-wire/creating-nation-declaration-independence-and-nation-anachronism

In contemplating the life and career of Ludwig von Mises, one is struck by the nobility and grandeur, the high courage, of his lonely and lifelong struggle on behalf of truth and laissez-faire. But what led Mises to pursue his lonely and seemingly doomed struggle until the very end?Original article: https://mises.org/articles-interest/mises-and-role-economist-public-policy

The Federal Reserve continues to destroy the economy's savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.Original article: https://mises.org/mises-wire/there-no-reprieve-feds-war-savings

What inspires us about the life of Mises, writes Lew Rockwell, is not his victimhood but his triumph over evil.Original article: https://mises.org/mises-daily/heart-fighter

In attacking progressivism in a recent speech, Clarence Thomas has been pilloried in the media and by politicians and academics. However, Thomas was correct: progressivism has brought one disaster after another, all the while empowering the worst of state actors.Original article: https://mises.org/mises-wire/justice-clarence-thomas-right-about-progressivism

For too long, people have thought of the airwaves and waterways as “public” property that is best controlled by government. However, Murray Rothbard and others held that one could apply the institution of private property to both.Original article: https://mises.org/mises-wire/who-owns-airwaves-and-sea

As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to do these things, though only one of them really produces anything, and the other is organized by a peculiar form of exchange.The first is what is called the trade economy—the one summed up in the phrase "the free market." The other might be called "the tax economy."Original article: https://mises.org/free-market/two-economies

Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses.Original article: https://mises.org/mises-wire/public-goods-circular-argument

The White House leaks that a deal is almost done. Markets surge. Insiders profit. The deal collapses. Repeat. Now the markets barely move. Nobody believes it anymore. A government that cries wolf this many times eventually finds itself alone.Original article: https://mises.org/power-market/when-our-word-no-longer-good

The popular pastime of modern democracies of punishing the diligent and thrifty, while rewarding the lazy, improvident, and unthrifty, is cultivated via the State, fulfilling a demo-egalitarian program based on a demo-totalitarian ideology.Original article: https://mises.org/mises-wire/democracys-road-tyranny

Mamdani's election is not the cause of economic decline. Instead, New York City's slide into chaos has been ongoing for many years, and Mamdani promises to make things even worse.Original article: https://mises.org/mises-wire/big-apples-woes-are-not-just-result-one-election

Remembering Murray Rothbard on our imperialistic wars: "The true principle of isolationism is that the government should be isolated and people who trade, interchange, and engage in voluntary travel, migration, and so forth should be allowed to peacefully do so."Original article: https://mises.org/mises-wire/murray-rothbard-war-and-isolationism

Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this.Original article: https://mises.org/mises-wire/us-constitution-now-suicide-pact

Zohran Mamdani's proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it.Original article: https://mises.org/power-market/economic-problem-behind-zohran-mamdanis-government-grocery-plan

Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.Original article: https://mises.org/mises-wire/great-reversal-how-social-contract-theory-became-state-apologetics

Buc-ee's—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.Original article: https://mises.org/mises-wire/buc-ees-free-market-triumph-or-simply-capitalist-oppression

While upholding the radical ideal, Rothbard combined idealism with realism, scholarship with accessibility, and boundless curiosity with commitment to truth.Original article: https://mises.org/articles-interest/murray-n-rothbard-legacy-liberty

Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.Original article: https://mises.org/mises-wire/economics-sociological-foundation-civilization

Washington is pursuing industrial policy again, this time being an attempt to form a minerals consortium with other countries to secure minerals vital to US manufacturing. No doubt, this initiative will end up on the ash heap of bad policy.Original article: https://mises.org/mises-wire/minerals-consortium-will-result-malinvestment

The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.Original article: https://mises.org/mises-wire/causes-uncontrollable-us-public-spending-and-debt

The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever.Original article: https://mises.org/mises-wire/deflation-bad-economy

Last week's CPI report, and this week's PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.Original article: https://mises.org/mises-wire/price-inflation-accelerates-wars-and-deficits-expand

What might be the process of a society moving from being unfree to being free? Here is one scenario.Original article: https://mises.org/mises-wire/when-society-chooses-freedom-unfree-world

Murray Rothbard is one of the all-time greats in Austrian economics and libertarianism. When studying his achievements, we immediately see that Rothbard is a giant whose shoulders free-market scholars should aspire to stand on.Original article: https://mises.org/misesian/why-rothbard-relevant-ever