Category Archive: 6b.) Mises.org

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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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Contra Krugman’s Victory Lap on Inflation

2023-07-13

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2023-07-13

On this episode of Good Money with Tho Bishop, Dr. Jonathan Newman joins to look at recent headlines on inflation. Tho and Jonathan discuss the larger costs of Fed policy on the real economy and how official government measures can be gamed with techniques such as "shrinkflation." Good Money listeners can order a special $5 book bundle that includes How To Think About the Economy and What Has Government Done to Our Money? with...

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The Anti-Human Green Agenda

2023-07-13

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2023-07-13

On this episode of Radio Rothbard, Tho Bishop is joined by Mises Research Fellow Connor Mortell to talk about Connor's research project on energy policy. Tho and Connor push back against common narratives—even some promoted by libertarians—of fossil fuels and green energy and the necessity of keeping a human focus on energy policy. The Radio Rothbard mug is available in the Mises Store. Get yours at Mises.org/RothMug: PROMO CODE RothPod...

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A Chip Off the Old Block

2023-07-13

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2023-07-13

Michael and Walter Block discuss the Ukrainian conflict, reparations, immigration, and the Israel-Palestine conflict. 3. A Chip Off the Old Block Video of 3. A Chip Off the Old Block

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Egalitarianism as a Revolt Against Safety

2023-07-13

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2023-07-13

There are certain goods and services that egalitarians, as third parties, would prefer that no one enjoys rather than for some to have more than others. (The proviso “as third parties” is necessary since egalitarians will not do without these goods and services themselves, but they still see fit to comment on inequalities from afar.) One of these services is public safety, as shown in a series of articles written by ProPublica reporter Jeremy...

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Banks Create Money out of Thin Air. What Could Possibly Go Wrong?

2023-07-13

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2023-07-13

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out. Original Article: "Banks Create Money out of Thin Air. What Could Possibly Go Wrong?"

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States Can Curb Federal Power through “Soft Secession”

2023-07-13

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2023-07-13

Former Mises Institute president Jeff Deist wrote on the concept of “soft secession” in September 2021. The article talks about how left-leaning states have an opportunity to embrace an abundance of progressive policies for their citizens—without leaving an open door for real violence to occur—through the pursuit of soft state secession. Some people in the left-thinking world are starting to get it. This soft secession principle applies to those...

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The Debt-Ceiling Debate Was Pure Theater

2023-07-12

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2023-07-12

In recent months, Americans were treated to a particularly cheap political spectacle: negotiations over the debt ceiling. “Extreme right-wing Republicans have hijacked the debt ceiling process,” said Vermont senator Bernie Sanders. “The fight over the debt ceiling could sink the economy,” intoned National Public Radio. Florida representative Matt Gaetz said that when it comes to the debt ceiling, he sees no need to parlay with the Republicans’...

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Is the Banking Crisis Being Orchestrated?

2023-07-12

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2023-07-12

With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident. Original Article: "Is the Banking Crisis Being Orchestrated?"

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Bidenomics Is Yet Another Version of Failed Industrial Policy

2023-07-12

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2023-07-12

On June 28, President Joe Biden took to the stage in Chicago to drum up support for his economic agenda, which his own team has taken to calling “Bidenomics.” The speech was part of a broader publicity tour, “Investing in America,” with the president and his cabinet traveling the country trying to get the American people to see Biden’s economic policies as successful and popular. In his speech, the president attacked so-called trickle-down...

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Pennsylvania Legislators Want Higher Unemployment, Government Dependency, and Crime

2023-07-11

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2023-07-11

On June 20, the Pennsylvania House of Representatives passed a bill to raise the commonwealth’s minimum wage to $15 per hour by 2026. Although the bill is unlikely to pass the state senate, it seems only a matter of time before the minimum wage is raised from its current $7.25 per hour, where it has been since 2006. The Lesson Those supporting this bill need to read Henry Hazlitt’s Economics in One Lesson. Written in 1946, it has become a classic...

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The Soviet Abuse of Indigenous Peoples

2023-07-11

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2023-07-11

The Democratic Socialists of America promotes a supposedly pro-Indigenous people platform. They stress that they do not want to further the “dispossession and exploitation of Indigenous people” while also recognizing the sovereignty of Native Americans. The Communist Party USA’s political program also stresses the inclusion of Indigenous people in the working-class movement. While these organizations are partially right in calling for the...

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Misreading Mill

2023-07-10

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2023-07-10

Patrick Deneen writes that the nonaggression principle promotes a liberalism that is harmful to society, as evidenced by John Stuart Mill's idea of the tyranny of public opinion. Original Article: "Misreading Mill"

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Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated

2023-07-10

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2023-07-10

Murray Rothbard once proposed: Quick: Which is America’s Most Persecuted Minority? No, you’re wrong. . . . All right, consider this: Which group has been increasingly illegalized, shamed and denigrated first by the Establishment, and then, following its lead, by society at large? Which group, far from coming out of the “closet,” has been literally forced back into the closet after centuries of walking proudly in the public square? And which group...

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

2023-07-10

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2023-07-10

It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy. Original Article: "The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World"

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The Argentinian Zombie Currency

2023-07-10

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2023-07-10

Argentina is one of the world's poster children for hyperinflation. Unfortunately, monetary reforms aren't working because the authorities are not serious about having a sound currency. Original Article: "The Argentinian Zombie Currency"

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Myth #6: There Is a Tradeoff between Unemployment and Inflation

2023-07-10

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2023-07-10

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. Every time someone calls for the government to abandon its inflationary policies, Establishment economists and politicians warn that the result...

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The Truth About Bidenomics: More Debt, More Inflation

2023-07-10

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2023-07-10

Estimates of United States growth have improved but remain massively below the Federal Reserve projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend, and debt is significantly higher. It is interesting to hear Janet Yellen say that “trickle-down economics did not work” when this is the failed trickle-down: massive government deficit spending leads to negative real wage growth and weaker GDP....

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Wall Street to the Fed: Inflation Is Over. Give Us More Easy Money!

2023-07-09

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2023-07-09

The problem here not that the central bank is "setting" the "wrong" interest rate. The problem is the Fed has long been relentlessly forcing down interest rates to satisfy various politically determined "needs." Original Article: "Wall Street to the Fed: Inflation Is Over. Give Us More Easy Money!"

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