Category Archive: 6b.) Mises.org

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China Calls Out the USA for Instigating the Infamous Color Revolutions

2023-06-22

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2023-06-22

As geopolitical tensions rise, the Chinese political leadership tells the US government to desist pushing its "color revolutions." Original Article: "China Calls Out the USA for Instigating the Infamous Color Revolutions"

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The FTC Should Answer Its Call of Duty to Gamers

2023-06-22

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2023-06-22

All too often, unscrupulous businesses weaponize the United States’ antitrust laws—which are only supposed to be utilized to protect consumers against higher prices and other consequences of monopoly power—for their own self-serving purposes. Professor Thomas DiLorenzo explained this problem more than a third of a century ago in a piece titled “The Rhetoric of Antitrust.” He wrote that “In theory antitrust regulation promotes competition in the...

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School World Order

2023-06-21

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2023-06-21

John Klyczek joins Michael on the first episode of REKT. John (jakE) is the author of School World Order: The Technocratic Globalization of Corporatized Education. Topics include the behaviorist, collectivist, and eugenicist roots of public (and state-sanctioned private) education, the globalist organizations behind the stakeholder capitalism regime, and the making of "global citizens" through indoctrination and technocratic surveillance...

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Sound Money Is Required for Real Budget Discipline

2023-06-21

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2023-06-21

The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal. Without sound money, however, the borrowing and spending regime will collapse sooner or later. Original Article: "Sound Money Is Required for Real Budget Discipline"

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Assumptions Matter Both in Economics and in the Real World

2023-06-21

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2023-06-21

To explain Japan’s economic problems, Paul Krugman employed a model that assumes people are identical and live forever. While admitting that the model is not realistic, Krugman nonetheless argued that his model could still offer solutions to the crisis. In The Philosophical Origins of Austrian Economics, David Gordon wrote that Eugen von Böhm-Bawerk believed economic concepts must originate from reality and should be traced to their ultimate...

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How Capitalism Redefined Masculine Virtue

2023-06-21

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2023-06-21

In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. Original Article: "How Capitalism Redefined Masculine Virtue"

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Powell Sends Mixed Messages as He Chickens Out on Rate Hikes

2023-06-21

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2023-06-21

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.25 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021.  Yet, at Wednesday's press conference announcing the FOMC's...

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After the Debt Ceiling Deal: Look for Liquidity Problems in the Markets

2023-06-21

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2023-06-21

Everything seems to be lining up perfectly for individual investors with Joe Biden and Kevin McCarthy making a debt ceiling deal. In fact, a sentiment poll reflects an ebullient investor class. According to an Investors Intelligence article titled "Assume the Positioning" (reprinted in Almost Daily Grant’s, June 1, 2023), “Just 23.3 percent of respondents are bearish on stocks, the lowest since January 2022, [when] the market scaled the...

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We Need a Peace President

2023-06-20

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2023-06-20

Most people agree that we are closer to nuclear war than at any time since the 1962 Cuban Missile Crisis. Some would even argue that we are closer now than we were in those fateful days, when Soviet missiles in Cuba almost triggered a nuclear war between the US and the USSR. In those days we were told that we were in a life-or-death struggle with Communism and thus could not cede a square foot of territory or the dominoes would fall one-by-one...

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Technology Is Meaningless without Entrepreneurship

2023-06-20

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2023-06-20

While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology. Original Article: "Technology Is Meaningless without Entrepreneurship"

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Demonizing Men with False Data on Sexual Abuse

2023-06-20

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2023-06-20

There is a sea change in how society views false accusations of sexual abuse. And it’s about time. The lawsuit John C. Depp, II v. Amber Laura Heard (2022) points to this transformation. Depp and Heard sued each other for defamation with “actual malice” over public accusations of domestic violence (DV) during their marriage; Heard also sued Depp’s attorney for making false statements. Unlike an earlier case brought by Depp in the United Kingdom,...

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US Trade Deficits Are Growing Larger. Or Are They?

2023-06-20

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2023-06-20

US trade deficits seem to be expanding, placing pressure on the dollar. However, central banks around the world are just as irresponsible as the Fed, masking the relative devaluation of US money. Original Article: "US Trade Deficits Are Growing Larger. Or Are They?"

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Leviathan Is on the Menu

2023-06-20

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2023-06-20

I put for the general inclination of all mankind, a perpetual and restless desire of power after power, that ceaseth only in death.—Thomas Hobbes, The Leviathan California continues to attack businesses and entrepreneurial freedom. Leviathan has awakened, this time with Assembly Bill 257, promoting a state-controlled trade union for all restaurant workers. Current United States secretary of labor Marty Walsh has left and become head of the National...

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More Federal Debt Means More Taxes, Less Growth, and Weaker Real Wages

2023-06-19

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2023-06-19

Since 1960, Congress has raised the debt ceiling 78 times, according to Bloomberg. The process of increasing the debt limit has become so regular that markets barely worry about it. Furthermore, as the 2011 debt ceiling crisis showed, the impact on asset prices happened mostly in emerging economies. In 2011, Turkish and Indian debt were the most negatively impacted, while Treasuries rose. Politicians believe that raising the debt ceiling is a...

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The Market Process Is Not a Knowledge Problem

2023-06-19

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2023-06-19

While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation. Original Article: "The Market Process Is Not a Knowledge Problem"

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Why Do We Act against Our Self-Interest?

2023-06-19

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2023-06-19

After reading a few blog entries (see the Defending the Republic series), I have wondered why people who do not seem to benefit from social justice efforts support and endorse them. Why would a male push an agenda designed to deny his rights? Why do companies embrace the environmental, social, and governance agenda when it potentially makes them less competitive through lowered standards, higher costs, and policies that prevent talent from reaching...

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Rise of the Effete Authoritarians

2023-06-19

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2023-06-19

Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass. Original Article: "Rise of the Effete Authoritarians"

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Myth #3: Tax Increases Are a Cure for Deficits

2023-06-19

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2023-06-19

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. Those people who are properly worried about the deficit unfortunately offer an unacceptable solution: increasing taxes. Curing deficits by...

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The Fed Has Rigged the Stock Markets to Crash

2023-06-19

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2023-06-19

The conditions have now aligned for a repeat of the major stock market crashes that have occurred since the founding of the US Federal Reserve Bank (Fed) in 1913. Considering their vast experience and resources, the Fed has to know that their plan to control inflation by raising interest rates rapidly and significantly since 2022, and also tightening credit this year, will likely result in another major crash. Although the Fed has issued vague...

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Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws

2023-06-18

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2023-06-18

Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws. Original Article: "Biden Wants Sanctions for Uganda Because Its Government Passed Anti-LGBT Laws"

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