Category Archive: 6b.) Mises.org

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Government Budget Deficits Cannot Stimulate True Economic Growth

2023-04-25

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2023-04-25

Keynesian economists say that during an economic slump, the government must run large budget deficits in order to keep the economy going. In contrast, Austrian economists maintain that increased budget deficits are usually monetized, leading to general price increases. Therefore, from this perspective, the government should avoid increasing budget deficits and instead balance the budget. Government Spending Takes Resources from Wealth Generators...

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Canada’s Legal Counterfeiting Ring Is a Product of Progressive Democracy

2023-04-25

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2023-04-25

In 1934, at the behest of Prime Minister R.B. Bennett and with the approval of Parliament, Canada’s central bank, the Bank of Canada (BOC), was founded. It began operations in 1935. Its job is “to promote the economic and financial welfare of Canada.” It is now 2023, and more than half of Canadians are living hand to mouth, a trend that has been well established for many years. How much longer do we have to wait for the BOC to do its job? The BOC...

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The Ukraine War Isn’t about Democracy. It’s about States Seeking More Power.

2023-04-25

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2023-04-25

Writing for The Volokh Conspiracy, hosted by Reason magazine, George Mason University law professor Ilya Somin argues that the war in Ukraine amounts to a clash between liberal democracy and authoritarian nationalism and that these stakes must be taken into account when continuing to support Ukraine. Somin argues that the ideology of the winning side in a war receives a boost, pointing to the rise and then fall of fascism and communism. These...

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Boeing 737 MAX Disasters’ Root Cause Was Government Regulation

2023-04-25

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2023-04-25

When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else. Original Article: "Boeing 737 MAX Disasters' Root Cause Was Government Regulation" This Audio Mises Wire is generously sponsored by Christopher Condon.

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How Greening the Economy Will Destroy America

2023-04-25

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2023-04-25

Brain-dead Biden and his gang of neocon controllers want to “green” the economy. They use the phony “climate change” hoax, aka “global warming,” as the excuse to do this. Their plans will destroy America’s economy, which is dependent on fossil fuels. They talk a lot about helping the poor and arouse people to hate the rich. But destroying our country’s economy won’t help the poor. Brain-dead Biden’s proposed Inflation Reduction Act ( IRA) is...

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Role Reversal: The Collapse of the Dollar-Enforced Empire

2023-04-24

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2023-04-24

A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country. Original Article: "Role Reversal: The Collapse of the Dollar-Enforced Empire" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Time Preference and Success: Is There Any Link?

2023-04-24

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2023-04-24

Every human acts purposefully using scarce means to attain ends. From this action axiom, we can deduce further human behavior and its effects. One such behavior is time preference. Time preference is the idea that people value present ends above future ends. Since we must choose between various ends at any given time, we must have a preference to achieve the chosen end sooner rather than later. Otherwise, we wouldn’t have acted at all. High Time...

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Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear

2023-04-24

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2023-04-24

The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal. Original Article: "Peak EV: Electric Vehicles Will Fade as Their True Costs Become Clear" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Are Libertarians Abandoning Free Trade?

2023-04-24

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2023-04-24

Murray N. Rothbard wrote in the February 1971 issue of the Libertarian Forum that “libertarians, if they have any personal philosophy beyond freedom from coercion, are supposed to be at the very least individualists.” Indeed, libertarianism holds high the rights and responsibilities of the sovereign individual: the right to self and to justly acquired property and thus the right not to be coerced or arbitrarily restricted and the responsibility for...

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Who Are the Wealth Destroyers, Politicians or Billionaires?

2023-04-23

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2023-04-23

Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it. Original Article: "Who Are the Wealth Destroyers, Politicians or Billionaires?" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The RESTRICT Act Launches a New War on Free Speech

2023-04-22

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2023-04-22

The bipartisan RESTRICT Act—marketed as a "Tik Tok ban"—is properly named because it will restrict freedom, empower the state, and expand government surveillance.  Original Article: "The RESTRICT Act Launches a New War on Free Speech" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Marxists Have a Plan for Housing: Make Sure There Is Less Available

2023-04-22

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2023-04-22

As governments create a housing crisis, Marxists call for policies that will make the crisis worse. Original Article: "Marxists Have a Plan for Housing: Make Sure There Is Less Available" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Eye on Apple

2023-04-22

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2023-04-22

Mark looks at the price of Apple stock—one of the best performing stocks over the last quarter century, and one of the largest holdings in stock indexes, mutual funds, and Berkshire Hathaway portfolio. Market watchers have kept a keen eye on Apple as it heads for a new all-time high; but, Mark is concerned that a downturn would have a huge ripple effect on the overall market—possibly equivalent to a tsunami.  Be sure to follow Minor Issues...

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The Ruling Classes Are Inflation Deniers and the Ship of Fools Sails On

2023-04-22

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2023-04-22

Continued inflation inevitably leads to catastrophe. —Ludwig von Mises Consumers’ behaviors cause the consumer price index (CPI) broad heading of food to understate the real or wallet level of inflation. It is much worse than the top line statistic—it is a serious offense to the poor and fixed-income citizens. The CPI measures nominal dollar changes based on month over month and year over year for 299 items. The year ending December 2021 posted an...

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How the Fed Rules and Inflates

2023-04-22

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2023-04-22

[From chapter 23 of The Case Against the Fed.] Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system. Pursuant to its essence as a post-Peel Act Central Bank, the Federal Reserve enjoys a...

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Will AI Steal Our Jobs (or End Us)?

2023-04-22

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2023-04-22

Professor Per Bylund joins Bob to debunk the worries over AI and to question whether the latest version of chatbots should even be called "intelligent." Per on Robots Taking your Jobs: Mises.org/HAP392a [embedded content]

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Real Wages Fall for Two Years Straight as “Transitory” Inflation Turns Stubborn

2023-04-21

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2023-04-21

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in twenty-three months. According to the BLS, Consumer Price Index (CPI) inflation rose 5.0 percent year over year in March before seasonal adjustment. That’s down from February’s year-over-year increase of 6.0...

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Biden’s Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations

2023-04-21

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2023-04-21

President Biden pushes a wealth tax as a measure of "fairness." Not only is it unconstitutional, but it's also bad for the economy. Original Article: "Biden's Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Prevent Future Losses Like East Palestine by Reducing Regulation and Empowering Torts

2023-04-21

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2023-04-21

On February 3, 2023, on Norfolk Southern Railway’s general merchandise freight train 32N, a suspect bearing on the twenty-third car measured at 38°F above ambient, then 103°F above ambient, then 253°F above ambient. In East Palestine, Ohio, eleven tank cars derailed and hazardous materials ignited. First responders mitigated the fire, but afterward the temperature was still rising in one tank car that carried vinyl chloride liquid. Responders...

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Lincoln’s Main Target Was “Anarchy” and Secession, Not Slavery

2023-04-21

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2023-04-21

In a recent column, I discussed an argument about secession made by Abraham Lincoln and sympathetically expounded by Michael P. Zuckert in his important book A Nation So Conceived. Lincoln maintained that a nation once formed could not allow secession because doing so would open it to unlimited fissiparous tendencies, culminating in anarchy. This argument did not address the problem of slavery, surely relevant to the concrete circumstances of the...

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