Category Archive: 6b.) Mises.org

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Time Preference and Success: Is There Any Link?

2023-04-24

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2023-04-24

Every human acts purposefully using scarce means to attain ends. From this action axiom, we can deduce further human behavior and its effects. One such behavior is time preference. Time preference is the idea that people value present ends above future ends. Since we must choose between various ends at any given time, we must have a preference to achieve the chosen end sooner rather than later. Otherwise, we wouldn’t have acted at all. High Time...

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Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear

2023-04-24

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2023-04-24

The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal. Original Article: "Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Are Libertarians Abandoning Free Trade?

2023-04-24

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2023-04-24

Murray N. Rothbard wrote in the February 1971 issue of the Libertarian Forum that “libertarians, if they have any personal philosophy beyond freedom from coercion, are supposed to be at the very least individualists.” Indeed, libertarianism holds high the rights and responsibilities of the sovereign individual: the right to self and to justly acquired property and thus the right not to be coerced or arbitrarily restricted and the responsibility for...

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Who Are the Wealth Destroyers, Politicians or Billionaires?

2023-04-23

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2023-04-23

Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it. Original Article: "Who Are the Wealth Destroyers, Politicians or Billionaires?" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The RESTRICT Act Launches a New War on Free Speech

2023-04-22

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2023-04-22

The bipartisan RESTRICT Act—marketed as a "Tik Tok ban"—is properly named because it will restrict freedom, empower the state, and expand government surveillance.  Original Article: "The RESTRICT Act Launches a New War on Free Speech" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Marxists Have a Plan for Housing: Make Sure There Is Less Available

2023-04-22

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2023-04-22

As governments create a housing crisis, Marxists call for policies that will make the crisis worse. Original Article: "Marxists Have a Plan for Housing: Make Sure There Is Less Available" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Eye on Apple

2023-04-22

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2023-04-22

Mark looks at the price of Apple stock—one of the best performing stocks over the last quarter century, and one of the largest holdings in stock indexes, mutual funds, and Berkshire Hathaway portfolio. Market watchers have kept a keen eye on Apple as it heads for a new all-time high; but, Mark is concerned that a downturn would have a huge ripple effect on the overall market—possibly equivalent to a tsunami.  Be sure to follow Minor Issues...

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How the Fed Rules and Inflates

2023-04-22

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2023-04-22

[From chapter 23 of The Case Against the Fed.] Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system. Pursuant to its essence as a post-Peel Act Central Bank, the Federal Reserve enjoys a...

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The Ruling Classes Are Inflation Deniers and the Ship of Fools Sails On

2023-04-22

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2023-04-22

Continued inflation inevitably leads to catastrophe. —Ludwig von Mises Consumers’ behaviors cause the consumer price index (CPI) broad heading of food to understate the real or wallet level of inflation. It is much worse than the top line statistic—it is a serious offense to the poor and fixed-income citizens. The CPI measures nominal dollar changes based on month over month and year over year for 299 items. The year ending December 2021 posted an...

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Will AI Steal Our Jobs (or End Us)?

2023-04-22

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2023-04-22

Professor Per Bylund joins Bob to debunk the worries over AI and to question whether the latest version of chatbots should even be called "intelligent." Per on Robots Taking your Jobs: Mises.org/HAP392a [embedded content]

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Real Wages Fall for Two Years Straight as “Transitory” Inflation Turns Stubborn

2023-04-21

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2023-04-21

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in twenty-three months. According to the BLS, Consumer Price Index (CPI) inflation rose 5.0 percent year over year in March before seasonal adjustment. That’s down from February’s year-over-year increase of 6.0...

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Prevent Future Losses Like East Palestine by Reducing Regulation and Empowering Torts

2023-04-21

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2023-04-21

On February 3, 2023, on Norfolk Southern Railway’s general merchandise freight train 32N, a suspect bearing on the twenty-third car measured at 38°F above ambient, then 103°F above ambient, then 253°F above ambient. In East Palestine, Ohio, eleven tank cars derailed and hazardous materials ignited. First responders mitigated the fire, but afterward the temperature was still rising in one tank car that carried vinyl chloride liquid. Responders...

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Biden’s Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations

2023-04-21

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2023-04-21

President Biden pushes a wealth tax as a measure of "fairness." Not only is it unconstitutional, but it's also bad for the economy. Original Article: "Biden's Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Lincoln’s Main Target Was “Anarchy” and Secession, Not Slavery

2023-04-21

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2023-04-21

In a recent column, I discussed an argument about secession made by Abraham Lincoln and sympathetically expounded by Michael P. Zuckert in his important book A Nation So Conceived. Lincoln maintained that a nation once formed could not allow secession because doing so would open it to unlimited fissiparous tendencies, culminating in anarchy. This argument did not address the problem of slavery, surely relevant to the concrete circumstances of the...

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If at First You Don’t Secede . . .

2023-04-21

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2023-04-21

David Gordon explores how Abraham Lincoln's stated view on secession was fundamentally Hobbesian, cynical, and violent.  Original Article: "If at First You Don't Secede . . ." This Audio Mises Wire is generously sponsored by Christopher Condon.

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Disinformation and the State: The Aptly Named RESTRICT Act

2023-04-21

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2023-04-21

The RESTRICT Act (Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act) has recently been making the rounds in the media, and rightfully so. The act is truly terrifying, but more than the open tyranny that it would further, the act illustrates a very clear problem from the perspective of the state. In previous eras, either formally or informally, the state exercised a great deal of control over the...

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How Government Schools Use Bad History to Promote the State

2023-04-21

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2023-04-21

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at common American history myths baked into government school curriculums. While Republican governors have begun to prioritize removing "critical race theory" and other forms of modern "leftwing indoctrination" from textbooks, there are a number of historical episodes left unchallenged that all lead to a deification of state power and a celebration of...

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156 Million Americans Now Live in States with Legal Recreational Marijuana

2023-04-20

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2023-04-20

Over the past year, three US states have enacted new legislation legalizing recreational marijuana within their borders. In May 2022, recreational cannabis became legal in Rhode Island, and the same occurred in Missouri in December of last year. In the wake of the 2022 election, in which Maryland voters approved Maryland Question 4, recreational use became legal in that state as well. With the addition of Rhode Island, New Hampshire—where cannabis...

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A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises

2023-04-20

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2023-04-20

The original vicious circle starts with inflationary interventions in an up-to-then well-anchored monetary regime. Consequent asset inflation spawns a banking crisis. That leads to the installation of anticrisis safety structures (one illustration is a novel or enhanced lender of last resort). Alongside a possible monetary regime shift, these damage the money’s anchoring system. A great asset inflation emerges and leads on to an eruption of another...

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Why the Regime Needs the Dollar to Be the Global Reserve Currency

2023-04-20

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2023-04-20

Even a partial weakening of the dollar's global demand will limit the US regime's ability to throw its weight around internationally. Yet Washington is unwilling to do what's necessary to prevent it.  Original Article: "Why the Regime Needs the Dollar to Be the Global Reserve Currency" This Audio Mises Wire is generously sponsored by Christopher Condon.

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