Category Archive: 6b.) Mises.org

End the FBI

Special counsel John Durham on Monday released his report on the FBI's role in investigating the 2016 Donald Trump campaign's alleged collusion with Russia. This investigation, codenamed "Crossfire Hurricane," had been—according to Durham's report—"swiftly" opened as a full-blown investigation in response to "unevaluated intelligence information" by FBI personnel "without ever having spoken to the persons who...

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Understanding Relationships between Money Supply and Liquidity

In a market economy, money is the medium of exchange; producers exchange their goods for money and then exchange that money for other goods. As the production of goods increases, the demand for money expands. Conversely, as economic activity slows down, the demand for money follows suit. Price changes also affect the demand for money. An increase in the prices of goods and assets increases the demand for money, since people now demand more money to...

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Paying the Piper: Time to Clean Up the Latest Malinvestments

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets. Original Article: "Paying the Piper: Time to Clean Up the Latest Malinvestments"

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Energy and Economic Efficiency: The Market versus the Politicization of Our Energy Futures

In the book Green Tyranny—a fantastic history of the environmental alarmism movement—author Rupert Darwall lays responsibility for the beginning of this movement at the feet of the Germans and the Swedes. In 1967, a Swedish scientist published the first ever “theory” on acid rain. Four years later, Bert Bolin, a Swede who would go on to chair the UN’s Intergovernmental Panel on Climate Change (IPCC), wrote the first-ever government report on acid...

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How to Teach Austrian Economics to the Neighbor Kids

Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe. Original Article: "How to Teach Austrian Economics to the Neighbor Kids"

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The Failure of Public Works and Public Funding

State projects are funded by your money, either through taxation or by inflation, most times both. Money is either taken directly from you or you lose purchasing power. The result is the same, as you will lose the ability to buy or produce as much as you wanted because of these projects. However, this is the alleged cost of living in a “civilized society.” Without these projects, we would be driving on dirt roads, living in shacks, and working for...

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Historical Effects of the Transatlantic Slave Trade

While the horrors of the transatlantic slave trade have been well documented, people other than slave traders and slaveholders benefitted from it, with some surprising results. Original Article: "Historical Effects of the Transatlantic Slave Trade"

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The Putrid Underbelly of Woke Capitalism

Corporate intrigue reached a fevered pitch on May 6, 2023, in Omaha, Nebraska, when a shareholder was arrested during the annual shareholder meeting of Berkshire Hathaway. The shareholder challenged the affiliation of Warren Buffett with the Bill and Melinda Gates Foundation and Bill Gates’s association with Jeffrey Epstein, who was convicted in Florida for procuring a child for prostitution and soliciting a prostitute, and who reportedly committed...

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Charles Schwab and Other Big Banks May Be Secretly Insolvent

While the Fed and the Biden administration try to assure Americans that their banks are safe and secure, the numbers tell a different story. Original Article: "Charles Schwab and Other Big Banks May Be Secretly Insolvent"

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Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics

In the summer of 2020, the Smithsonian Institution created a chart meant to condemn what it calls “whiteness,” and it listed a number of characteristics it claimed were essential to “white culture.” Among the so-called characteristics it described in pejorative terms was delaying gratification, or saving for the future, what Austrian economists would call low time preference. The chart, which was withdrawn after widespread protest, sought to...

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Due Process or Transgender Protection on Campus?

President Biden's executive order to promote transgenderism on college campuses eviscerates long-held due process protections for accused students. This will not end well. Original Article: "Due Process or Transgender Protection on Campus?"

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Did the US Steal Cherokee Land?

In a recent lecture on her new book, Redressing Historical Injustice: Self-Ownership, Property Rights and Economic Equality, Wanjiru Njoya challenged current calls among some indigenous groups for “land justice” to redress the alleged historical injustices of European colonization. Drawing from Murray N. Rothbard’s book The Ethics of Liberty, Njoya outlined a set of guideposts for determining the actual justice of such claims with reference to...

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Canada’s Housing Boom Was a Bubble. Now Comes the Bust

Like the USA, Canada has had a central bank–fueled housing boom. Like all other booms, it also has an inevitable ending. Original Article: "Canada’s Housing Boom Was a Bubble. Now Comes the Bust"

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Neither Red nor Blue, but Free

The real issue we face is not whether we should be in the red tribe or the blue tribe, but rather what will be the constituency for freedom. Original Article: "Neither Red nor Blue, but Free"

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Rothbard Was Right: Wars Don’t Enhance Freedom. They Destroy Liberty.

We hear ad nauseum from political and media elites that the war in Ukraine is about preserving "our freedoms." Murray Rothbard had something to say about this sophistry. Original Article: "Rothbard Was Right: Wars Don't Enhance Freedom. They Destroy Liberty."

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Expecting Rate Cuts

After a long series of rate hikes, Fed officials and asset markets are expecting a long series of interest rate cuts. This is based on the tried and hue Phillips Curve analysis. In color theory, "hue" is the technical appearance of color that can be described mechanically as a number. Let's hope interest rate expectations are not being distorted by other factors of reality, and that current Phillips Curve model perceptions of hue are also...

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The Brutality of Slavery

[This article is excerpted from Conceived in Liberty, volume 1, chapter 6, "The Social Structure of Virginia: Bondservants and Slaves". An MP3 audio file of this article, narrated by Floy Lilley, is available for download.] Until the 1670s, the bulk of forced labor in Virginia was indentured service (largely white, but some Negro); Negro slavery was negligible. In 1683 there were 12,000 indentured servants in Virginia and only 3,000...

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The US Followed a Policy of Foreign Intervention Long before World War II

In history classes (in public or private schools, colleges, and others), state propaganda, and mainstream history, a historical fiction has been spun that allegedly debunks any notion of noninterventionism. This is the myth of American isolationism. The assertion usually goes that America was extremely isolationist prior to World War I and had no interest in involving itself in unnecessary warfare. After the Zimmermann telegram was sent, America...

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In the Event of an Official US Bankruptcy

The current known federal debt is $31.7 trillion according to the web site, US Debt Clock, which is about $94,726 for every man, woman, and child who are citizens as of April 24, 2023. Can you write a check right now made payable to the United States Treasury for the known share of the federal debt of each member of your family after liquidating the assets you own? A report released by the St. Louis Federal Reserve Branch on March 6, 2023, stated a...

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ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy

In their attempts to remake the economy, progressive elites are pushing ESG. What they forget is that the economy runs on real things, not ideology. Original Article: "ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy"

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