Category Archive: 6b.) Mises.org

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The Fed’s 2% Inflation Target

2023-02-18

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2023-02-18

Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation. Be sure to follow Minor Issues at Mises.org/MinorIssues.

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The Forgotten Lessons of Government-Enforced Race Relations

2023-02-18

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2023-02-18

On April 23, 2003, in South Side Chicago, Reverend Jeremiah Wright cursed America for treating blacks as less than human. Such harsh rhetoric should not seem surprising given the US government’s history of involvement in race relations. Judge Andrew P. Napolitano takes us through that history in his book Dred Scott's Revenge: A Legal History of Race and Freedom in America. Most readers have heard about black lynchings that gripped the South for...

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How Government Spending Hurts the Economy

2023-02-18

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2023-02-18

[In this chapter from Man, Economy, and State, Murray Rothbard explains how government employees consume productive resources, while both taxes and government spending distort the economy.] For years, writers on public finance have been searching for the “neutral tax,” i.e., for that system of taxes which would keep the free market intact. The object of this search is altogether chimerical. For example, economists have often sought uniformity of...

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Why Ron Paul Is Right

2023-02-18

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2023-02-18

The great Dr. Ron Paul has been right about all the major issues that confront the world today. He is right about the Fed, the Ukraine war, the FBI, and so much else. How has he managed to do that? What has given him wisdom unique on the political scene today? The answer is simple.

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Will AI Learn to Become a Better Entrepreneur than You?

2023-02-18

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2023-02-18

Contemporary businesses use artificial intelligence (AI) tools to assist with operations and compete in the marketplace. AI enables firms and entrepreneurs to make data-driven decisions and to quicken the data-gathering process. When creating strategy, buying, selling, and increasing marketplace discovery, firms need to ask: What is better, artificial or human intelligence?

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The Economics of American Gerontocracy

2023-02-18

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2023-02-18

With Yale economics professor Yusuke Narita suggesting mass suicide—seppuku—as the answer to Japan's rapidly aging demographics, Jeff and Bob take a hard look at the economics and humanity of greying America. Richard Hanania, "Gerontocracy Versus Western Civilization": Mises.org/HAP383a Bob on opting out of Social Security: Mises.org/HAP383b [embedded content]

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Fighting Inflation Really Means Fighting the Federal Reserve

2023-02-17

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2023-02-17

These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists." Original Article: "Fighting Inflation Really Means Fighting the Federal Reserve" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Good Causes, Brand Trust, and Profits: Why YouTuber’s Private Charity Is Wrongly Criticized

2023-02-17

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2023-02-17

No good deed goes unpunished claims the old proverb, and twenty-four-year-old YouTuber Jimmy Donaldson’s recent charity act of helping one thousand blind people see again has the world divided on the moral circumstances surrounding his private charity. Some would go so far as calling his benevolence a “stunt.” They are utterly wrong, and understanding his reasoning and motives behind the charity acts should negate any critique. A Successful, Yet...

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Money versus Monetary Policy

2023-02-17

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2023-02-17

With all due respect to Niall Ferguson, whom I've heard of, and Huw van Steenis, whom I've not, this tweet is quite preposterous.  I've personally met more than five people who understand money just in my own circles. What they mean is “monetary policy,” which is in fact very difficult to understand—given it effectively operates as a political program within the muddled field of macroeconomics. Monetary policy, unlike money per se, is ad hoc,...

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The Government Seeks Totalitarian Money

2023-02-17

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2023-02-17

The Global Currency Plot: How the Deep State Will Betray Your Freedom, and How to Prevent Itby Thorsten PolleitLudwig von Mises Institute, 2023; 190 pp. Thorsten Polleit’s outstanding new book is packed with insights about both the philosophy of economics and economic policy, and as he shows, his philosophical standpoint enables him to grasp the essence of the financial world, of which he is a master. Polleit is a follower of Ludwig von Mises,...

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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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