Audio Mises Wire

While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today's Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.Original article: https://mises.org/friday-philosophy/greenspan-great-opportunist

Were stronger central government under the Articles of Confederation and a central bank really necessary to win the American Revolution, as conservative nationalists of the era claimed?Original article: https://mises.org/mises-wire/myth-nationalist-victory-articles-confederation-and-bank-north-america

The famed "Custer's Last Stand" at the hands of Native Americans defending their villages is a reminder of the brutality of the US war against the Plains Indians. History tells us that the "heroic" George Armstrong Custer was really the "reckless" Custer who died underestimating his foe.Original article: https://mises.org/mises-wire/little-bighorn-anniversary-remember-custers-crimes

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.Original article: https://mises.org/mises-wire/intellectual-property-versus-unrealized

Democratic Socialists are winning election after election and will have a number of representatives in Congress. What will happen to our society as they continue to gain power? The answers are not encouraging.Original article: https://mises.org/mises-wire/democratic-socialists-one-vote-one-time

Long before modern economics, the Greek philosophers were laying the groundwork for understanding human cooperation in a social setting, helping to give birth to economic thinking.Original article: https://mises.org/mises-wire/how-greek-merchants-and-philosophers-discovered-economics

Murray N. Rothbard was a system builder in the mode of Ludwig von Mises, Frank H. Knight, and F. A. Hayek. Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty.Original article in The Misesian: https://mises.org/misesian/murray-n-rothbard-toward-science-liberty

The intellectual path from Ancient Greece to modernity is littered with the path of numerous philosophers, movements, and events, both peaceful and violent that have shaped thinking throughout the ages.Original article: https://mises.org/mises-wire/scholasticism-enlightenment-liberalism

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.Original article: https://mises.org/mises-wire/lies-damn-lies-and-history-capitalism

On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see: that Greenspan replaced economic theory with intuition, replaced analysis with data-worship, and called his guesswork a science.Original article: https://mises.org/mises-daily/greenspans-empty-talk

Greenspan served as an especially important cog in this machine by increasing the Fed's prerogatives within the global economy.Original article: https://mises.org/power-market/alan-greenspan-dies-100

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.Original article: https://mises.org/mises-wire/sixth-republic

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.Original article: https://mises.org/mises-wire/why-you-shouldnt-trust-bureaucrats

Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored.Original article: https://mises.org/power-market/why-stable-systems-fail-illusion-institutional-control

As technology advances, progressives believe that this time, all of their social engineering and attempts to establish socialism will finally come to fruition. They are in for a rude surprise.Original article: https://mises.org/mises-wire/institutional-closure-why-managed-directivism-breeds-its-own-collapse

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?Original article: https://mises.org/mises-wire/why-us-president-loves-inflation

While China's economy has boomed, many people wrongly associate that success with the Chinese government's industrial policies. Intervention has created many problems there—just as it has done elsewhere.Original article: https://mises.org/mises-wire/chinas-industrial-policy-ambition-inefficiency-and-cautionary-tale-america

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.Original article: https://mises.org/mises-wire/american-revolution-and-danger-standing-armies

While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator should be to his reckless socialist proposals that would have disastrous consequences.Original article: https://mises.org/mises-wire/oppose-graham-platner-his-socialism-not-just-his-outrageous-behavior

Names for historical periods like "Renaissance" and "Enlightenment" did not descend to us out of the heavens. Historians and propagandists of centuries past created these names, often for political purposes. Original article: https://mises.org/mises-wire/middle-ages-enlightenment-and-propaganda

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.Original article: https://mises.org/mises-wire/bond-market-sell-welcome-titanic-effect

Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than business as usual. Original article: https://mises.org/power-market/fed-holds-interest-rate-steady-and-warsh-buys-time-new-task-force-scheme

Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May.Original article: https://mises.org/mises-wire/real-wages-fell-second-month-price-inflation-surged

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.Original article: https://mises.org/mises-wire/why-justice-mattered-rothbard

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.Original article: https://mises.org/mises-wire/raising-interest-rates-does-not-counter-inflation

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.Original article: https://mises.org/mises-wire/fear-signal-why-state-urgently-wants-bind-prediction-markets

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI's excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money. Original article: https://mises.org/mises-wire/sound-money-artificial-intelligence-and-pope

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.Original article: https://mises.org/mises-wire/april-money-supply-growth-hit-49-month-high-and-prices-soared

Regulatory systems are infamous for creating “traps” in seem to be impervious to reform. Regulators seek to “drain the swamp,” but, instead, find themselves up to their necks in alligators.Original article: https://mises.org/mises-wire/moloch-regulatory-state

Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states.Original article: https://mises.org/mises-wire/abolitionist-movement-antebellum-south

Egalitarian interpreters of the Declaration not only empower the centralized state but promote a view of “equality” that shares a common ethical error with slavery itself—that legal castes of humans may be created and enforced against the liberty of others.Original article: https://mises.org/mises-wire/declaration-independence-versus-egalitarianism

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