Category Archive: 6b.) Mises.org

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Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty

2023-09-02

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2023-09-02

The open protocols on the internet would seem to create chaos, but it turns out that they produce the opposite results, encouraging a digital spontaneous order. Original Article: "Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty"

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Voting with Their Feet: The Lure of Migration

2023-09-02

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2023-09-02

People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet. Original Article: "Voting with Their Feet: The Lure of Migration"

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Navigating by the Stars on a Cloudy Night

2023-09-02

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2023-09-02

In this episode, Mark examines Fed Chairman Jay Powell's recent confession that the Fed is "navigating by the stars on a cloudy night." This reveals the fundamental methodological weakness of the Fed's economic policy and mainstream economics in general ("data dependency"). In contrast, it also reveals the strengths of Austrian economics, economic theory, and the self regulation of the free market. Mark suggests that we all be...

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Why Stabilization Policy is Destabilizing

2023-09-02

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2023-09-02

U.S. presidential candidate Vivek Ramaswamy took aim at the Federal Reserve recently: The reality is, if the dollar is volatile, it’s as bad as if the number of minutes in an hour fluctuated. None of us would be here at the same time. […] When the number of dollars [in relation] to a unit of gold or an agricultural commodity is wildly fluctuating, money doesn’t go to the right projects. It’s just wild—it doesn’t make any sense. That’s been an...

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There Is No Fed Magic Trick to Achieve a Soft Landing

2023-09-01

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2023-09-01

Economic growth in the United States accelerated to a 2.4 percent annualized rate in the second quarter of 2023, picking up from 2.0 percent in the first quarter, and climbing well above the 1.8 percent rate predicted by economists. Many analysts are surprised that the US economy has continued to expand at a robust pace despite the Federal Reserve’s (Fed) aggressive tightening on monetary policy. The Fed raised interest rates by more than 500 basis...

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CBDCs: The Ultimate Tool of Financial Intrusion

2023-09-01

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2023-09-01

While the government promotes CBDCs as tools for "inclusion," it is more likely that they will be another vehicle for federal intrusion. Original Article: "CBDCs: The Ultimate Tool of Financial Intrusion"

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Why the “Just Wage” Theory Doesn’t Make Much Sense

2023-09-01

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2023-09-01

The concept of the "fair wage" or the "just wage" is centuries old. It dates back at least to the Middle Ages and was founded on the idea that "just" prices of goods must be sufficient to provide "a reasonable wage to maintain the craftsman or merchant in his appropriate station of life."  In its modern form, the idea of the just wage is often known as a "living wage." But whatever its form, the...

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Updating Böhm-Bawerk and Fixing Finance

2023-09-01

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2023-09-01

Peter Lewin joins Bob to discuss his work with Nicolás Cachanosky on uniting Austrian capital theory with mainstream finance. Peter's New Book on Capital and Finance: Mises.org/LewinBook Updating Böhm-Bawerk and Fixing Finance Video of Updating Böhm-Bawerk and Fixing Finance Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use Code "HA23" for $45 off...

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Understanding Hegel from a Straussian Viewpoint

2023-09-01

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2023-09-01

This book offers an account of Hegel that will surprise many readers—at least it surprised me. The political philosopher Leo Strauss often criticized “historicism,” the view that human beings do not have a fixed nature or essence. Instead, as José Ortega y Gasset put it, “Man, in a word, has no nature; what he has is—history.” G.W.F. Hegel was one of the foremost historicists, so you might expect Strauss to attack him. But, although he does suggest...

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The Unwelcome Return of Covid Restrictions and Lockdowns

2023-09-01

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2023-09-01

The covid restriction machinery is being ramped up in time for fall, despite the fact that covid poses little danger. Original Article: "The Unwelcome Return of Covid Restrictions and Lockdowns"

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How a CBDC Created Chaos and Poverty in Nigeria

2023-09-01

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2023-09-01

It is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank digital currencies (CBDC) implementation. Not only is it the wealthiest country on the continent where the globalists are making plans, but Nigeria also possesses significant hydrocarbon and metals reserves and talented citizens. For these reasons, it can serve as a relatively good example for the rest of...

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Beating Woke Capital on the Market

2023-08-31

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2023-08-31

Matthew Mohlman joins Good Money with Tho Bishop to discuss his work with Monument Ventures. Matthew and Tho discuss the need to build better alternatives to woke financial institutions, and the limit of political solutions to address the problem. Join Bob Murphy, Patrick Newman, Jonathan Newman, and Murray Sabrin in November for a Mises Circle in Ft. Meyers, FL on The White House, the Fed, and the Economy. Use promo code Tampa23 for $10 off...

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What the Left and Right Get Wrong On China

2023-08-31

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2023-08-31

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about the Chinese economy. While some of the left see China as a model for governing, those on the right often assume their rise relative to the US is inevitable. Ryan and Tho look at the recent challenges to the Chinese economy.  Recommended Reading "The Chinese Economy: Market Socialism with Chinese Characteristics" by Antonio Graceffo: Mises.org/RR_149_A...

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How Conscription Ended Fifty Years Ago

2023-08-31

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2023-08-31

For the past fifty years, the US has not had a military draft. Unfortunately, the end of conscription did not mean US military interventions abroad ended. Original Article: "How Conscription Ended Fifty Years Ago"

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What the Central Bank Cartel has Planned for You

2023-08-31

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2023-08-31

The Austrian(TA): What is the global currency plot, and who benefits most from the success of this effort? Thorsten Polleit (TP): The global currency plot denotes a rather inconvenient truth: the existence of states (as we know them today) sets into motion a dynamic process toward creating a single world fiat money controlled by a world central bank, and most likely a central world government. The beneficiaries will be the very few—the “elite”—in...

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Is the US Banking System a House of Cards Waiting to Topple?

2023-08-31

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2023-08-31

It’s the deposits. Bankers never used to worry about the money customers left in their banks. When deposited, the money was lent out while depositors could come and get their money anytime if it was a demand deposit. Thus, the depositor and the borrower had the use of the same money at the same time. Murray Rothbard called it fraud. Now it’s 2023 and Scott Hildenbrand, the chief balance sheet strategist at Piper Sandler, tells Joe Weisenthal and...

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Economic Calculation Is Nonbinary

2023-08-31

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2023-08-31

Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes. Original Article: "Economic Calculation Is Nonbinary"

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Does Technical Knowledge Always Lead to Economic Growth?

2023-08-31

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2023-08-31

Many economists believe that technical knowledge is the key to economic growth. If this is the case, why do third world economies continue to experience poverty, since these economies can access the same technical knowledge as the developed world? Therefore, technical knowledge being the key to economic growth is not the case as economic growth depends upon the pool of consumer goods. Pooling Consumption Goods To maintain life and well-being, man...

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Javier Milei Is Not a Problem for Argentina. Socialism Is.

2023-08-31

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2023-08-31

Argentina’s problem is not Milei. The Central Bank of Argentina does not have to devalue the peso due to the victory of Javier Milei in the primaries. The Central Bank of Argentina and the Peronist government have been devaluing the peso and sinking the currency for years. It must devalue because the central bank has run out of reserves. Argentina is not facing an “anti-system” or “far-right” threat. They already have a far-left and anti-system...

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Ranking the GOP Debaters on Foreign Policy

2023-08-30

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2023-08-30

Ryan and Zachary rank the GOP candidates at the debate. They range from "least terrible" (Ramaswamy) to "utterly awful" (Haley and Pence).  Be sure to follow War, Economy, and State at Mises.org/WES.

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