Category Archive: 6b.) Mises.org

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Why the End of the Petrodollar Spells Trouble for the US Regime

2023-02-17

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2023-02-17

By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power.  Original Article: "Why the End of the Petrodollar Spells Trouble for the US Regime" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Taxation Is Theft and Cannot Be Justified Even for Charitable Causes

2023-02-17

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2023-02-17

In her article “Multinationals Make Obscene Profits Out of Global Crises—Tax Them to Defend Human Rights,” Magdalena Sepúlveda called for more taxation of multinational corporations and the rich as a means to finance policies that are aimed at protecting the most vulnerable from what she calls “the cost of living crisis.” In this piece, I would like to respond to Sepúlveda by saying that taxation is theft and any attempt at justifying taxation,...

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Joe Biden Calls for the FTC to Resurrect the Robinson Patman Act. It’s a Very Bad Idea

2023-02-17

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2023-02-17

As former Federal Trade Commission (FTC) chairman Timothy J. Muris has recently noted, “President Biden rejects the economics-driven antitrust policies of the past 40 years.” In contrast, President Joe Biden “promised to return to earlier antitrust traditions.” Unfortunately, “those traditions were abandoned for good reason: they harmed consumers.”

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The Government Throws Money at Heart Disease, but Prevention Is Better than Cure

2023-02-16

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2023-02-16

Americans spend billions of dollars on treating heart disease. Prevention is cheaper, but thanks to perverse government incentives, preventing heart disease takes a backseat to medical spending. Original Article: "The Government Throws Money at Heart Disease, but Prevention Is Better than Cure" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Meanwhile in Yemen, the US Government Supplies Weapons to Continue the Carnage

2023-02-16

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2023-02-16

Since 2014, the tiny country of Yemen has been devastated by the ongoing civil war following the Houthi takeover of the government. It only worsened in March 2015, when President Barack Obama began to aid the Saudi Arabians in the war effort. As of February 2022, over 370,000 people have lost their lives due to the lack of food, the lack of medical necessities, and the bombings from the war. Despite the severity of the war, the press has covered...

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Australia: The Nation Founded by British Convicts Embraced Entrepreneurship

2023-02-16

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2023-02-16

Australia is famous for its laid-back culture and for being founded by convicts from Great Britain. It also should be famous for its embrace of entrepreneurship. Original Article: "Australia: The Nation Founded by British Convicts Embraced Entrepreneurship" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates

2023-02-16

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2023-02-16

India is currently the seventh-largest country in the world with the largest youth population. There are many elements that make this country unique, the foremost being diversity—diversity of culture, race, ethnicity, and linguistics. India faced an era of colonialism under the British, who would take raw material from India at cheaper rates and import the finished products.

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Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High

2023-02-16

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2023-02-16

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in sixteen months.

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Three Reasons Why Secession and Decentralization Are Better for Human Rights

2023-02-13

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2023-02-13

[This article is the Introduction to Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities.] The world is now, and has always been, politically decentralized. At no time in history has all of humankind been ruled by a single political regime. Although the Roman Empire claimed to be universal, the Romans never even conquered all of Europe, let alone the whole inhabited world. Roman power never extended to India,...

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

2023-02-12

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2023-02-12

Until the publication in 1920 of Ludwig von Mises’s work on the problem of economic calculation in socialism, there was no scientifically useful analysis of the economics of the socialist economy. With that work , and its development in the comprehensive treatise Die Gemeinwirtschaft (1922 and 1932, published in English in 1951 as Socialism: An Economic and Sociological Analysis), Mises demonstrated that because of the absence of private ownership...

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Federal Government Spending Is Out of Control and Unsustainable. Maine Shows a Way to Reduce Spending.

2023-02-11

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2023-02-11

The Biden administration has increased federal government spending by a record $3.4 trillion since January 2021. That includes such signature bills as the American Rescue Plan Act of $1.8 trillion, the Inflation Reduction Act of $50.6 billion, and the Infrastructure Investment and Jobs Act of $764.9 billion.

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Erik Schön: The Art Of Strategy

2023-02-11

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2023-02-11

What is strategy, and is it useful for business? Business schools want you think it is the critical factor in competitive success or failure. They teach structured markets, divided up by market share, with boundaries and external and internal forces to be assessed and countered. “Where to play and how to win.” They see strategy through their lens of financialization and utilize fictitious economic calculations like discounted future cash flows and...

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Does Government Create a “Level Playing Field” or Does It Make the Field More Uneven?

2023-02-10

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2023-02-10

Bernie Sanders and other politicians have made socialism attractive to voters, especially young ones, because it promises to eliminate the injustices of capitalism. As to what socialism and capitalism mean, no one seems to care much, other than that by socialism, they mean a kinder, caring society without income extremes, whereas capitalism is the preferred system of ruthless exploiters who amass obscene fortunes while real workers struggle to...

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The Case of Adani versus Hindenburg

2023-02-09

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2023-02-09

Between 2019 and 2022, the fortune of India’s Gautam Adani swelled from $9 billion to $127 billion. As the value of his seven publicly traded companies—providers of everything from natural gas to digital services—soared, he was briefly the world’s second-richest person.

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Yes, the US Government Has Defaulted Before

2023-02-09

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2023-02-09

The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised. Anyone whose been paying attention for a while, however, knows there's a 99.99 percent chance that the parties involved will soon raise the debt ceiling and the US will go back to adding to its $30-trillion-plus debt hoard as usual.

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Another Recession Sign: Part-Time Work Is Growing Faster than Full-Time Work

2023-02-08

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2023-02-08

The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 517,000 jobs, which was well above expectations. The words used by the media to describe the report included “stunner” and “wow.” President Joe Biden claimed the number proves his administration has delivered economic prosperity.

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The Price-Gouging State

2023-02-08

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2023-02-08

Friends and family are talking, on Facebook, about the rapid rise in the price of eggs. Their posts also report that there are plenty of eggs in the dairy sections of local grocery stores. A few people, along with some reporters, blame this rapid increase in the price of eggs on price-gouging corporations.

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The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

2023-02-07

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2023-02-07

Every so often, I check my investment portfolio to see how it is doing. (I stay out of stocks these days, but that is due to my personal situation and is not to be taken as investment advice.) Portfolios are collections of various financial instruments that one is holding, and one always hopes that their value will head in the right direction over time.

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Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke

2023-02-07

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2023-02-07

Lacking a solid team is a recipe for organizational failure, and those intending to excel in business—or any other sector—must invest in management. Considering that many professional athletes encounter bankruptcy shortly after retiring, they are a demographic that could greatly benefit from quality financial management teams.

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Subsidizing Higher Education Is Not Creating Widespread External Benefits

2023-02-06

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2023-02-06

President Biden’s student debt relief proposal created a storm of controversy. That is not surprising, since it was a transparent (and apparently successful) attempt to buy the votes of an important Democratic constituency, even though it created a target-rich environment for critics.

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