Category Archive: 6b.) Mises.org

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How People Determine the Value of a Good

2023-07-19

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2023-07-19

Why do individuals pay higher prices for some goods than others? The common reply references laws of supply and demand, but what are these laws? The answer is found in the law of diminishing marginal utility. Most economists explain this law by describing the satisfaction one derives from consuming a good such as an ice cream cone. The satisfaction derived from consuming a second cone might be less than the satisfaction derived from the first cone,...

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Which Way America? An RPI Event

2023-07-19

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2023-07-19

These are trying times. The war party seems stronger than ever while the peace movement feels even more scattered.  Make no mistake: D.C. is hungry for war. The neocon plan has always been to defeat Russia using Ukraine as a proxy. It started with Victoria Nuland's Ukrainian coup in 2014. Now that the proxy war has apparently failed, the neocons are in desperation mode—and they do not have a reverse gear. If this seems like a bad dream, you are not...

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2023 Ron Paul Scholars Seminar

2023-07-19

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2023-07-19

Attention Upper Division Undergrads and Grad Students! We realize many of you are just getting the hang of summer and as it warms up, the last thing on your mind is exercising it. But, you will not want to miss we this great opportunity at the end of summer: The Ron Paul Scholars Seminar. The seminar will take place on Friday, September 1 at the Hilton Washington Dulles Airport in Herndon, VA. What is it? The Ron Paul Scholars Seminar is a one-day,...

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The Media and Ukraine War Coverage: Where Truth Takes a Holiday

2023-07-19

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2023-07-19

As Ukrainian forces continue their much-hyped counteroffensive to take back contested territories in the country’s eastern and southern regions, we’re faced with conflicting coverage of the campaign. Many reports say Ukraine’s forces are struggling to break through the minefields fortifying Russia’s lines. And many admit that even the sudden and dramatic Wagner Group mutiny did not appear to hand Ukraine much of an advantage on the front. Days ago,...

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US Consumers Are Suffering in a Less than “Robust” Economy

2023-07-18

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2023-07-18

Keynesian policies are damaging what they were intended to support. No example is more evident than the United States. A few years ago, in 2021, I had a conversation with Judy Shelton where she said that the recovery would be much stronger without the stimulus package, and she was right. Massive government spending and currency printing have left a much weaker labor market and poorer citizens. In June, nonfarm payrolls increased by 209,000, the...

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Wind and Solar Are NOT Cheaper than Coal and Oil

2023-07-18

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2023-07-18

In his recent address, President Joe Biden claimed that “wind and solar are already significantly cheaper than coal and oil.” This is flat-out wrong. There are many arguments that can be made for Biden’s claim. However, not only can they all be refuted, but they have all already been refuted. Alex Epstein, in his book Fossil Future: Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas—Not Less, explains that two facts are ignored...

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The Backstops for Banks Are Full of Holes

2023-07-18

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2023-07-18

The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices. Original Article: "The Backstops for Banks Are Full of Holes"

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Censorship through the Centuries: Free Speech Suppression by the Government and the Mainstream Media

2023-07-17

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2023-07-17

The United States government, which prides itself in being the leading force in defending freedom throughout the world, has a history of putting a muzzle on news organizations and individuals throughout its history. From the early colonial period to the beginnings of the internet, the state has consistently silenced its critics, which seems to be its true nature. The Sedition Act of 1798 Signed into law by the Federalist Party president John Adams...

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How US States Could Pave the Way for Currency Competition

2023-07-17

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2023-07-17

The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action. Original Article: "How US States Could Pave the Way for Currency Competition"

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Myth #7: Deflation — Falling Prices — Is Unthinkable, and Would Cause a Catastrophic Depression

2023-07-17

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2023-07-17

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. The public memory is short. We forget that, from the beginning of the Industrial Revolution in the mid-18th century until the beginning of World...

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The BRICS Currency Project Picks Up Speed

2023-07-17

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2023-07-17

On Friday, July 7, 2023, news broke in the financial market media that the “BRICS” (that is, Brazil, Russia, India, China, and South Africa) will implement their plan to create a new international currency for trading and financial transactions, and that this new currency will be “gold-backed”. Most recently, on June 2, 2023, the foreign ministers of the BRICS – as well as representatives from more than 12 countries – met in Cape Town, South...

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The Government vs. the People, Kamala Harris Version

2023-07-17

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2023-07-17

It is no surprise to libertarians that what is in the interest of the government might not be in the interest of people in general. More often than not, the government’s interest is directly at odds with the interests of people in general. The countless wars waged by governments throughout history, for which common people paid ultimately with their lies, bear witness to this fact. Wars are also waged on the domestic populations that the government...

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The Dollar is Down

2023-07-15

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2023-07-15

In this episode, Mark looks at the "minor issue" of the value of the dollar. While everything in the economy seems great—including stock markets, price inflation, unemployment, and consumer confidence—the value of the dollar index has fallen 12% during the rebound in stocks since last October. Be sure to follow Minor Issues at Mises.org/MinorIssues.

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Belgian Colonialism of the Congo: Facts and Fiction

2023-07-15

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2023-07-15

Stories cannot substitute for historical facts even when people want these stories to be true. With the influence of Black Lives Matter, resurrecting the atrocities of Western colonialism has become fashionable. The death of George Floyd revived a torrent of anticolonialism sentiment in Western societies fueled by resounding demands for governments to atone for the sins of colonialism. Although the colonial legacy of Western powers is tainted by...

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Mercantilism: A Lesson for Our Times?

2023-07-15

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2023-07-15

Mercantilism has had a "good press" in recent decades, in contrast to 19th-century opinion. In the days of Adam Smith and the classical economists, mercantilism was properly regarded as a blend of economic fallacy and state creation of special privilege. But in our century, the general view of mercantilism has changed drastically: Keynesians hail mercantilists as prefiguring their own economic insights; Marxists, constitutionally unable...

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Exposing the FBI Coverup of Biden Corruption

2023-07-14

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2023-07-14

Robbie "The Fire" Bernstein is a co-host with Dave Smith of the popular podcast Part of the Problem, as well as his own podcast Run Your Mouth. He joins Bob to walk through the shocking and hilarious moves by Biden officials to downplay recent allegations of corruption. Find More from Robbie Including His Tour Dates: Mises.org/HAP404a $5.1M Payment to Biden Businesses: Mises.org/HAP404b Biden Attorneys on The Hunter WhatAspp...

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Outside the Universe?

2023-07-14

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2023-07-14

Moral Progress in Dark Times: Universal Values for the 21st Century by Markus Gabriel, translated by Wieland Hoban Polity Press, 2022; xii + 281 pp. It would be easy to give this book a negative review, as it advocates a number of policies that from our standpoint are wrongheaded. Gabriel is especially alarmed by the dangers of “climate change” and also extols the spirit of cooperation that the German people displayed in acceding to the necessary...

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How Should We Regulate the Sun (Since Our Government Regulates Nearly Everything Else)?

2023-07-14

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2023-07-14

Do we have a right to sunlight? How do we assert those rights? Murray Rothbard provides some answers. Original Article: "How Should We Regulate the Sun (Since Our Government Regulates Nearly Everything Else)?"

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The Tao and the Synergy of the Spontaneous Order

2023-07-14

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2023-07-14

The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson in humility which should guard him against becoming an accomplice in men’s fatal striving to control society—a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization which no brain has designed but which has grown from the free efforts of millions of individuals....

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Social Justice and the Free-Rider Problem

2023-07-14

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2023-07-14

Free rider is a term related to the political commons and rent seeking. It is like rent seeking, except it is perhaps more nuanced and eventually discourages the effective use of public goods found in the political commons. When I was a young adult, my wife, Cyndi, and I went out with a group of people. My father warned me that if the group split the bill evenly, we could wind up paying for other people’s dinner. We were pressed for cash, so we...

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