Category Archive: 6b.) Mises.org

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America Since 9/11: 22 Years of Lies and Despotism

2023-09-12

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2023-09-12

One sees many flags at half-mast across the country today. And rightly so. Thanks in part to the negligence and incompetence of the CIA and FBI, the Federal government  failed disastrously at what it tells us is the regime's number-one priority: public safety.   [Read More: "9/11 Was a Day of Unforgivable Government Failure" by Ryan McMaken] More than 2,900 human beings died that day, the overwhelming majority of which were civilians...

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Is the Monopoly Board Game Like Real Markets?

2023-09-11

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2023-09-11

Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life. Original Article: "Is the Monopoly Board Game Like Real Markets?"

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The Austrian School’s Deductive Approach: A Beacon for Economic Understanding

2023-09-11

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2023-09-11

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. —Murray Rothbard, “The Death Wish of the Anarcho-Communists” The Austrian school of economics stands as a beacon, illuminating the path to economic understanding...

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Would You Hire an AI-powered McRobot or a Human Employee?

2023-09-11

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2023-09-11

Young people often get their first jobs in fast food or in some sort of retail customer service. Young and not so young adults are aware that fast food jobs will equip them with the skills needed to acquire future employment. Some choose to make a career in fast food, while for others it is a means of developing skills and earning money to satisfy their needs and wants. In the past, people could easily find employment making burgers and French...

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Regulation in the Free Market: It’s Not What Most People Believe

2023-09-11

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2023-09-11

Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety. Original Article: "Regulation in the Free Market: It’s Not What Most People Believe"

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Cultural Appropriation: The Nontheft of Something No One Owns

2023-09-11

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2023-09-11

When I was at the university, I once objected to a classmate’s lazy use of “public goods.” He had used it to favor his policy position, as a shorthand synonym of what’s good for society—only a thinly veiled euphemism for what I want to happen. “Public goods are things that are nonrivalrous and nonexcludable,” I said, almost sputtering off a nearby economics textbook. “The ones you’re talking about are neither.” He rolled his eyes in boredom. “Yes,...

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AI Lacks the Entrepreneurial Intelligence to Plan an Economy

2023-09-10

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2023-09-10

Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur. Original Article: "AI Lacks the Entrepreneurial Intelligence to Plan an Economy"

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Thanks to Government, Maui’s Lahaina Fire Became a Deadly Conflagration

2023-09-09

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2023-09-09

While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it. Original Article: "Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration"

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Inflation Is a Giant “Skim” on the American People

2023-09-09

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2023-09-09

Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected. Original Article: "Inflation Is a Giant "Skim" on the American People"

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The Producer Price Index

2023-09-09

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2023-09-09

In this week's episode, Mark looks at PPI—the Producer Price Index—which provides evidence of the costs for suppliers in various industries, macroeconomic instability, and the potential for economic recovery. Here, very low prices provide the potential for recovery; and rising prices can indicate both recovery in the economy, as well as inflationary pressures moving forward. The Covid Bubble and restrictions caused a 50% increase in producer...

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Toward a Heiddegerian Libertarianism?

2023-09-09

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2023-09-09

How to Nurture Truth and Authenticity: A Metamodern Economic Reform Proposalby Justin CarmienManticore Press, 2022; 272 pp. Neither I nor Justin Carmien, the author of How to Nurture Truth and Authenticity, is an economist. Carmien’s book, however, is not a work of economics but a philosophical attempt to apply Heideggerian metaphysics to practical statesmanship and political economy. Nor is it an academic book: it is written with naïve yet deep...

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Ten Great Economic Myths

2023-09-09

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2023-09-09

Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them. Myth #1 Deficits are the cause of inflation; deficits have nothing to do with inflation. In recent decades we always have had federal deficits. The invariable response of the party out...

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Will the BRICS Dethrone the U.S. Dollar?

2023-09-09

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2023-09-09

The summit of the so-called BRICS (Brazil, Russia, India, China, and South Africa) has closed with an invitation to join the group extended to the Emirates, Egypt, Iran, Saudi Arabia, Argentina, and Ethiopia. The summit has generated a lot of headlines about the impact of this widespread group of nations, including speculation about the end of the U.S. dollar as a global reserve currency if this group is perceived as a threat to the United States...

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Forced Isolation of Patients in the ICU Is Barbaric and Counterproductive

2023-09-08

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2023-09-08

Healthcare providers have known for years that contact between patients and family members are essential for good outcomes during intensive care unit (ICU) stays. The ABCDEF bundle is generally accepted as best practice in ICU care. The F stands for “family engagement and empowerment.” Yet, most (if not all) ICUs threw this practice out the window during covid. Family engagement and empowerment is not merely a humanitarian gesture but is necessary...

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Family Flourishing and State Denigration

2023-09-08

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2023-09-08

As family life descends into crisis in the USA, many conservatives call for state intervention to "fix" things. It's state intervention that created the problems in the first place. Original Article: "Family Flourishing and State Denigration"

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The Beltway Libertarians Are Too Smart for Oliver Anthony

2023-09-08

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2023-09-08

Ryan McMaken joins Bob to discuss the surprisingly negative reaction (from a Reason writer and Tyler Cowen) to Oliver Anthony's hit song, "Rich Men North of Richmond." Ryan and Bob defend the lyrics, arguing that Anthony doesn't say anything objectionable from either a libertarian or economic perspective. Listen to Oliver Anthony's "Rich Men North of Richmond": Mises.org/HAP412a Christian Britschgi's article in Reason on Oliver...

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A Procapitalist Philosopher

2023-09-08

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2023-09-08

Most contemporary political philosophers view free market capitalism with suspicion, if not outright loathing, but one exception is Gerald Gaus, who taught for many years at the University of Arizona. Gaus was by no means a Rothbardian but rather worked within the framework of “public reason” set forward by John Rawls, though Gaus greatly modified it. In this week’s column, I’d like to discuss some of the arguments about property that Gaus makes in...

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Let Staten Island Secede!

2023-09-08

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2023-09-08

If Staten Island is allowed to secede, our national technocrats fear that might open up countless similar demands for self-determination across the nation. For the elites, the current status quo works quite well and they want to keep it that way.  Original Article: "Let Staten Island Secede!"

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American Prosperity Is Greater than Most of Us Realize

2023-09-08

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2023-09-08

Traveling was once a luxury for the rich, but today even working-class people enjoy vacations. In America, people have gotten so wealthy that planning summer vacations is a priority for many families. Living standards have improved so tremendously that elite amenities are now commonplace. Nearly 90 percent of American homes rely on air-conditioning, and 92 percent of households have access to at least one vehicle. Relative to the globe, most...

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The Imperial Russian Regime was Neither “Great” nor “Enlightened”

2023-09-08

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2023-09-08

Pope Francis made headlines last week when he described the Russian Empire as "enlightened" and invoked the names of two expansionist Russian czars as examples of Russia's "great culture." In impromptu remarks, Francis said to a group of Russian Catholics,  “You are the heirs of the great Russia: the great Russia of saints, of kings, the great Russia of Peter the Great, of Catherine II, of that great, enlightened Russian empire,...

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