Category Archive: 6b.) Mises.org

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Subjective Value and Market Prices

2023-07-24

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2023-07-24

This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation. Download lectures slides at Mises.org/MU23_PPT_04. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.

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The Birth of the Austrian School

2023-07-24

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2023-07-24

Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice. Download lecture slides at Mises.org/MU23_PPT_03. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022. The Birth of the Austrian School | Joseph T. Salerno Video of The Birth of the Austrian School | Joseph T. Salerno

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Can Fractional Reserve Banking Survive the Twenty-First Century?

2023-07-24

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2023-07-24

Caitlin Long tweeted over the July 4 weekend, “BIG NEWS for #fintech! A sixth US state—Idaho—is willing to charter uninsured, non-lending, 100% reserve banks that are eligible for Fed master accounts (the other states are CT, ME, NE, VT & WY). This trend could turn the ‘bank-as-a-service’ (#BaaS) model on its head!!!!!” As Long explained to Ash Bennington on Real Vision, bankers are playing this three-card monte game of, well, I’ll tell...

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Reflections on Method: The Proper Study of Man

2023-07-24

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2023-07-24

Includes an introduction by Joe Salerno. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023. [embedded content]

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Welcome and Opening Remarks

2023-07-24

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2023-07-24

Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023. Welcome and Opening Remarks | Joseph T. Salerno Video of Welcome and Opening Remarks | Joseph T. Salerno

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Why “Classical” Liberals Want Decentralization

2023-07-22

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2023-07-22

[This article is chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.] In recent decades, many pundits, scholars, and intellectuals have assured us that advances in communications and transportation would eliminate the different political, economic, and cultural characteristics peculiar to residents of different regions within the United States. It is...

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Explore the Minor Issues Archives

2023-07-22

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2023-07-22

This week Mark invites you to explore the Minor Issues archives. We have produced about a half a year's worth of short audio commentaries about the economy, and we are grateful to our listeners for their feedback. Topics range from the price of toilet paper to macro-business cycle topics, but our specialty is highlighting issues that the mainstream media ignores or misrepresents as insignificant. Thank you for listening.  Be sure to...

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Modern Socialism Is Forced Socialization

2023-07-22

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2023-07-22

My article “The Education of the Modern Socialist” deserves a follow-up. The first part showed that a change has occurred in the definition of “socialism”—a necessary change in view of the failures of this ideology during the last century. Socialism today is based on the ideology of “statism”—the conviction that the state must play a fundamental role in society. Ludwig von Mises’s wider definition of socialism as state intervention implies a modern...

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Why Government Pollution Control Fails

2023-07-22

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2023-07-22

In over twenty-five years of teaching undergraduate students, I have heard the same refrain countless times: free markets have many problems that government has to step in to solve. Indeed, students expect government to “step in” so much that markets occupy a peripheral role in their idealized economic system. Even students with an ideological predilection toward markets will be quick to argue that certain problems, such as pollution, require...

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How East Germany’s Stasi Perfected Mass Surveillance

2023-07-21

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2023-07-21

The state has a monopoly on violence. However, abusive repression harms government credibility and alienates public support in the long run. A more subtle and effective way to exercise power is to surveil the population and to prevent open manifestations of discontent. This article analyzes the case of the of the German Democratic Republic’s (DDR) Ministry for State Security (MfS), also known as the Stasi. The thesis is that an effective...

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How the Fed Could Bring in a CBDC Through the Back Door

2023-07-21

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2023-07-21

George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon. The Rebel Capitalist show: Mises.org/HAP405a How the Fed Could Bring in a CBDC through the Back Door Video of How the Fed Could...

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Mises and Nationalism

2023-07-21

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2023-07-21

Nationalism is a potent force in the modern world, and it is not surprising that some libertarians have been attracted to it. Indeed, in some circles the slogan “Blood and Soil” has come into to use to denote a people’s attachment to the land. It should be noted that although this slogan was used by the Nazis, especially by Walter Darré, it did not originate with them but was common among German nationalists such as Oswald Spengler. It would be...

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The War in Ukraine Is Far From Over

2023-07-21

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2023-07-21

Ryan McMaken and Zachary Yost look at the many factors behind Ukraine's failure to defeat Russia or move closer to NATO membership. Ukraine is sadly caught between a cynical NATO and a Russia that is in it for the long haul.  Be sure to follow War, Economy, and State at Mises.org/WES.

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Want to Follow Your Dreams? The First Step Involves Hard Work

2023-07-21

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2023-07-21

People are constantly told to follow their dreams, but doing so is futile without execution. Dreaming is a blueprint for future success; however, some people live in the dream instead of working to make it a reality. Ambition is insufficient to reap success, and many fail to realize their potential. Success is only actualized when you stop dreaming and start doing. Some believe that reading motivational books will lead them to prosperity, yet...

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Mises University Starts in Two Days. Will You Support Our Budding Scholars?

2023-07-21

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2023-07-21

Only two days left until Mises University begins! Our students have completed their required readings and have already started discussing Misesian utilitarianism, Rothbardian natural law, and Hoppean argumentation ethics in the Mises University private group chat. We can already tell how enthusiastic and smart these students are! We have students from forty-seven colleges and universities at this year's Mises University. Look and see if your alma...

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Why Inflation and Economic Crises Aren’t Going Away

2023-07-20

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2023-07-20

Mark Thornton joins Ryan and Tho on Radio Rothbard to take a closer look at the state of the US dollar and how price inflation and economic crises are likely to play out in the months and years ahead.  New Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug  PROMO CODE: RothPod for 20% off

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The Dead End of Catholic Nationalism

2023-07-20

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2023-07-20

[This article is adapted from a panel discussion on Christian Nationalism at Freedom Fest in Memphis on July 14, 2023. The other panelists were Norman Horn, Kerry Baldwin, and Alex Bernardo of the Libertarian Christian Institute. ] The specter of Christian nationalism—variously defined—has become one of the current bogeymen to the Left. "Christian nationalism on the rise," reports National Public Radio, and The New Yorker asks "How...

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Why Do We Act against Our Self-Interest?

2023-07-20

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2023-07-20

Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others. Original Article: "Why Do We Act against Our Self-Interest?"

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Taking Back the Meaning of “Inflation”

2023-07-20

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2023-07-20

Words matter and definitions often become imprecise and “slippery.” There is a natural evolution of language wherein words gradually change over time, but often a key meaning gets lost and there no longer remains a single word to describe a concept. This has been the case with the common word “inflation.” Over the last few years, I have kept a list of quotes about the accurate definition of inflation (and I am always looking for more quotes). What...

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Why Mises’s Theory of Economic Calculation Still Is Relevant Today

2023-07-20

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2023-07-20

Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy. Original Article: "Why Mises’s Theory of Economic Calculation Still Is Relevant Today"

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