Category Archive: 6b.) Mises.org

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We Need a Peace President

2023-06-20

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2023-06-20

Most people agree that we are closer to nuclear war than at any time since the 1962 Cuban Missile Crisis. Some would even argue that we are closer now than we were in those fateful days, when Soviet missiles in Cuba almost triggered a nuclear war between the US and the USSR. In those days we were told that we were in a life-or-death struggle with Communism and thus could not cede a square foot of territory or the dominoes would fall one-by-one...

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Technology Is Meaningless without Entrepreneurship

2023-06-20

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2023-06-20

While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology. Original Article: "Technology Is Meaningless without Entrepreneurship"

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Demonizing Men with False Data on Sexual Abuse

2023-06-20

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2023-06-20

There is a sea change in how society views false accusations of sexual abuse. And it’s about time. The lawsuit John C. Depp, II v. Amber Laura Heard (2022) points to this transformation. Depp and Heard sued each other for defamation with “actual malice” over public accusations of domestic violence (DV) during their marriage; Heard also sued Depp’s attorney for making false statements. Unlike an earlier case brought by Depp in the United Kingdom,...

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US Trade Deficits Are Growing Larger. Or Are They?

2023-06-20

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2023-06-20

US trade deficits seem to be expanding, placing pressure on the dollar. However, central banks around the world are just as irresponsible as the Fed, masking the relative devaluation of US money. Original Article: "US Trade Deficits Are Growing Larger. Or Are They?"

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Leviathan Is on the Menu

2023-06-20

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2023-06-20

I put for the general inclination of all mankind, a perpetual and restless desire of power after power, that ceaseth only in death.—Thomas Hobbes, The Leviathan California continues to attack businesses and entrepreneurial freedom. Leviathan has awakened, this time with Assembly Bill 257, promoting a state-controlled trade union for all restaurant workers. Current United States secretary of labor Marty Walsh has left and become head of the National...

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More Federal Debt Means More Taxes, Less Growth, and Weaker Real Wages

2023-06-19

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2023-06-19

Since 1960, Congress has raised the debt ceiling 78 times, according to Bloomberg. The process of increasing the debt limit has become so regular that markets barely worry about it. Furthermore, as the 2011 debt ceiling crisis showed, the impact on asset prices happened mostly in emerging economies. In 2011, Turkish and Indian debt were the most negatively impacted, while Treasuries rose. Politicians believe that raising the debt ceiling is a...

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The Market Process Is Not a Knowledge Problem

2023-06-19

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2023-06-19

While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation. Original Article: "The Market Process Is Not a Knowledge Problem"

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Why Do We Act against Our Self-Interest?

2023-06-19

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2023-06-19

After reading a few blog entries (see the Defending the Republic series), I have wondered why people who do not seem to benefit from social justice efforts support and endorse them. Why would a male push an agenda designed to deny his rights? Why do companies embrace the environmental, social, and governance agenda when it potentially makes them less competitive through lowered standards, higher costs, and policies that prevent talent from reaching...

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Rise of the Effete Authoritarians

2023-06-19

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2023-06-19

Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass. Original Article: "Rise of the Effete Authoritarians"

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Myth #3: Tax Increases Are a Cure for Deficits

2023-06-19

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2023-06-19

Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard. Those people who are properly worried about the deficit unfortunately offer an unacceptable solution: increasing taxes. Curing deficits by...

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The Fed Has Rigged the Stock Markets to Crash

2023-06-19

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2023-06-19

The conditions have now aligned for a repeat of the major stock market crashes that have occurred since the founding of the US Federal Reserve Bank (Fed) in 1913. Considering their vast experience and resources, the Fed has to know that their plan to control inflation by raising interest rates rapidly and significantly since 2022, and also tightening credit this year, will likely result in another major crash. Although the Fed has issued vague...

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Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws

2023-06-18

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2023-06-18

Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws. Original Article: "Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws"

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Opposing Critical Race Theory Doesn’t Make You a “White Supremacist”

2023-06-17

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2023-06-17

Much of critical race theory and “antiracism” is aimed at pulling people apart, not bringing them together. To oppose such theories and practices is not racist in itself. Original Article: "Opposing Critical Race Theory Doesn't Make You a 'White Supremacist'"

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Coto Mixto: Anarchy in Galicia

2023-06-17

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2023-06-17

People commonly believe that a society without central political authority will dissolve into chaos. But a small kingdom within Spain existed peacefully for seven hundred years under what we would call anarchy. Original Article: "Coto Mixto: Anarchy in Galicia"

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Is the Banking Crisis Being Orchestrated?

2023-06-17

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2023-06-17

As a banker and economist, I am riveted by the expeditious demise of Silicon Valley Bank and other institutions. Were these crashes due to bank mismanagement, as many pundits as well as regulators have posited? Were they due to not managing risk, not hedging, and unfettered exposure to sectors of concern? Or maybe something else is afoot, a movement that may have begun a decade ago. Recall the Great Recession (2008–10), buoyed by a housing and...

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Voters Hate CBDCs. Why Do Governments Keep Pushing Them?

2023-06-17

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2023-06-17

Governments worldwide are trying to replace cash with CBDCs, and people worldwide are starting to wake up, but we need a lot more. A CBDC is a government-run crypto-token that replaces the national currency with a tracking ledger—a list of who owns what—that lets government surveil, control, and mandate every dollar you spend.  They could prevent you from buying the wrong thing, whether raw milk or gas stoves, or self-defense. They could stop you...

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Why ChatGPT Failed an Economics Exam

2023-06-16

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2023-06-16

University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies. Bob's article "Superman Needs an Agent:"  Mises.org/HAP400a Steven's Book The Armchair Economist: Mises.org/HAP400b More Economic brainteasers:...

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The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World

2023-06-16

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2023-06-16

The last Group of Seven (G7) summit that took place May 19–21, 2023, in Hiroshima deserves attention because it exposes the latest Western attempt to impose its unipolar worldview. But first, a bit of background on the G7. The G7 is the group of seven nations (USA, Japan, France, Germany, Italy, Canada, and the United Kingdom) that in the ’70s comprised the major industrialized countries of the capitalist world. But because of the enrichment of a...

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Misreading Mill

2023-06-16

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2023-06-16

In his just-published book Regime Change: Toward a Postliberal Future (Sentinel, 2023), the political theorist Patrick J. Deneen indicts modern liberalism, in which he includes both classical liberalism and progressive liberalism. One of his main charges against liberalism is that it rejects the view, taught both by Christianity and classical political philosophy, that true liberty consists of virtuous conduct. In this view, people must hold their...

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Smarter Talk Is Smarter Action

2023-06-16

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2023-06-16

Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself. Original Article: "Smarter Talk Is Smarter Action"

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