Category Archive: 6b.) Mises.org

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Cryptocurrency: Integrity Destroyer or Policy Scapegoat?

2023-12-04

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2023-12-04

Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source. Original Article: Cryptocurrency: Integrity Destroyer or Policy Scapegoat?

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Paul Krugman Blames Economic Pessimism on Partisanship. He’s Wrong.

2023-12-04

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2023-12-04

Paul Krugman can’t figure out why everybody is so bummed about the economy. From his perspective, we should all be jumping for joy, praising Joe Biden, and publicly signing fifty-year commitments to vote Democrat. Official statistics show that “unemployment is still near a 50-year low, yet inflation has been falling fast.” But the ignorant masses simply won’t get with the picture. Krugman admits “surveys of consumer sentiment and political polls...

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The Taxman Cometh

2023-12-04

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2023-12-04

Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains. Original Article: The Taxman Cometh

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How Not to Desocialize: Argentina Edition

2023-12-04

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2023-12-04

Argentina’s president-elect, Javier Milei, is set on implementing promarket policies, including a vast desocialization, or privatization, of the economy. The privatization of the Argentine airline industry is seemingly first on the agenda (along with privatization of state-owned media). Privatization is necessary, but above all else, it must be done correctly. Aerolíneas Argentina, the state-owned airline, makes up 63 percent of the domestic...

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The TSA Is Still Crazy after All These Years

2023-12-03

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2023-12-03

In the past two decades, the TSA has proven it is ineffective in providing real security for airline passengers. However, its growing incompetence is matched only by its increasing intrusion into travelers' lives. Original Article: The TSA Is Still Crazy after All These Years

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The Worse-than-Medieval Economics of Climate Technocrats

2023-12-02

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2023-12-02

Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics. Original Article: The Worse-than-Medieval Economics of Climate Technocrats

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The More Complex the Society, The Less Government Control We Need

2023-12-02

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2023-12-02

Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less. Original Article: The More Complex the Society, The Less Government Control We Need

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All-Time Highs!

2023-12-02

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2023-12-02

In this week's episode, Mark looks at "All-Time Highs" in such things as stocks, real estate, and stock indexes. Housing prices hit an all-time high this week, and gold is not far behind. While all-time highs—or even "new highs"—are unambiguously good for owners of these assets, it is much more ambiguous as a signal about the future. Gold might be an exception to this rule, as Mark explains. Be sure to follow Minor...

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Review of: Deception: The Great Covid Cover-up

2023-12-02

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2023-12-02

Ever wonder if you were living in the Dystopian States of America? Senator Rand Paul’s Deception: The Great Covid Cover-Up, published October 10, 2023, does not disarm those haunting feelings. This book is not for those who wish to place everything we have learned during the covid-19 control program in a memory hole. To the contrary, Paul is encouraging those who would pursue the truth to join him in confronting the difficult questions this period...

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Ezra Klein’s Progressivism Cannot Build Anything Socially Useful

2023-12-02

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2023-12-02

In 1982, I had the privilege of touring East Berlin with Murray Rothbard and other delegates from the Mont Pelerin Society. At the time, the Western press heaped praise on East Germany for what progressives believed to be the many accomplishments of communism’s most celebrated regime. Unlike the more capitalistic West Berlin, East Berlin had an administered socialist economy complete with free healthcare. East Germany was proof that socialism could...

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Can Milei Really Shut Down Argentina’s Central Bank?

2023-12-02

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2023-12-02

The monumental fiscal and monetary hole that Peronists Massa and Fernández have left for Javier Milei is difficult to replicate. Ex-president Mauricio Macri himself explained that the inheritance Milei receives is “worse” than the one he found from Cristina Fernández de Kirchner. Peronism leaves a country in ruins and with a massive time bomb for the next administration. The enormous economic problems of Argentina start with a primary fiscal...

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Is ExxonMobil’s Acquisition of Pioneer Natural Resources a “Threat to Democracy”?

2023-12-01

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2023-12-01

According to a Brown University professor, ExxonMobil threatens our democratic republic by purchasing another company. The totalitarian woke atmosphere in American higher education is the real threat. Original Article: Is ExxonMobil's Acquisition of Pioneer Natural Resources a "Threat to Democracy"?

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What Would Mises Think? Austria Is Applying (Some) Austrian Economics

2023-12-01

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2023-12-01

Austria is one part of the name “Austrian economics.” How has the country of Austria prospered by applying Austrian economic concepts? The nation regained full sovereignty in 1955. Their form of government is a parliamentary coalition with a prime minister as head of state and a ceremonial office of president. How would Ludwig von Mises view Austria today implementing Austrian economics? He would not recognize the country he fled in 1934 ahead of...

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The Unknown Reasoner

2023-12-01

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2023-12-01

How States Think: The Rationality of Foreign Policyby John J. Mearsheimer and Sebastian RosatoYale University Press, 2023; 304 pp. How States Think surprised me. John Mearsheimer is a well-known critic of American foreign policy, and his analysis of the Ukraine war has been deservedly influential. As result, I anticipated that this book would expand his critique. The book does contain some critical discussion of American foreign policy, but, for...

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The Treasury is Running Out of Creditors

2023-12-01

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2023-12-01

The US Government will face another round of federal debt expansion in 2024, but will there be enough creditors to allow their continued spending? Investors are not buying Treasury Debt at forecasted rates, foreign investors are exiting federal debt, and even the Federal Reserve is reducing its treasury holdings. Dr. Jonathan Newman recently wrote for the Mises Wire on this topic, and he joins Bob to break down the data and explain what is up with...

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The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

2023-12-01

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2023-12-01

While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows. Original Article: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

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The Immorality of Protectionism

2023-12-01

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2023-12-01

The 2024 campaign is underway, and that means new efforts by politicians to pander to economic nationalists and protectionists by calling for new trade wars and trade controls. This will surely happen even though the Biden Administration has done very little to reverse the protectionist policies that Donald Trump imposed during his term. For example, new so-called "Section 301" tariffs, which have been in place since 2018, are still in...

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A Chance to Double Your Gift!

2023-12-01

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2023-12-01

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match donations received through December 11. That means your $10 donation becomes $20, your $25 donation becomes $50, and so on. For the last nine years, Gary has kickstarted our year-end campaign with his matching gift. He's ready to match your gift today! With a donation of $25 or more, you’ll receive a copy of Dr. Joseph Salerno's The Progressive Road to Socialism. And,...

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It’s Time to Bust the Myth of Fed Omnipotence

2023-12-01

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2023-12-01

Economists, investors, businesspeople, and yes, even our wise politicians seem to believe that the Federal Reserve, using its various “tools” to create money out of thin air (which is illegal for mere mortals like us), can control the economy and financial markets any way it likes. In particular, these people believe that the Fed doesn’t want a recession and a stock bear market, and the Federal Reserve can simply prevent these economic events from...

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Henry Kissinger: War Criminal and Enemy of Mankind

2023-12-01

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2023-12-01

Former US secretary of state and national security advisory Henry Kissinger died on Wednesday. He was 100 years old. Kissinger is perhaps most notable for his work during Nixon Administration when he helped Nixon prolong the Vietnam War and expand it to Cambodia and Laos. But his influence was certainly not limited to the Nixon years, he served in an official capacity in the Ford administration, and in more informal roles during the Reagan and Bush...

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