Category Archive: 6b.) Mises.org

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Entrepreneurship

2023-07-24

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2023-07-24

Entrepreneurship is a general feature of the market economy. Download lectures slides at Mises.org/MU23_PPT_09. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Entrepreneurship | Peter G. Klein Video of Entrepreneurship | Peter G. Klein

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Money

2023-07-24

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2023-07-24

"We would not expect money to be paper, national, or under the control of any entity." Download the slides from this lecture at Mises.org/MU22_PPT_07. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Money | Sandra Klein Video of Money | Sandra Klein

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Banking

2023-07-24

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2023-07-24

Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more. Download the slides from this lecture at Mises.org/MU23_PPT_08. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Banking | Patrick Newman Video of Banking | Patrick Newman

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Price Inflation Slowed to 3 Percent. That’s Still Far Too High.

2023-07-24

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2023-07-24

The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month. There is a mainstream narrative that is growing all over the financial media: We must accept three percent annual price inflation as a success at combating rising prices. This is enough to pivot and return to...

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The Division of Labor and Social Order

2023-07-24

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2023-07-24

"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community." Download the slides from this lecture at Mises.org/MU23_PPT_06. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. The Division of Labor and Social Order | Shawn Ritenour Video of The Division of Labor and Social Order | Shawn Ritenour

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What Has Mises U Students Most Excited About the Week?

2023-07-24

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2023-07-24

This year during Mises University, we want to share the perspective of students in the program. The following are YouTube shorts from some of this year's Mises Apprentices, explaining what excites them most about "the best week of the year." A common theme is the power of the ideas that have attracted students from around the world to Auburn this summer and the unique opportunity to learn from, discuss, and debate them with their...

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Praxeology

2023-07-24

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2023-07-24

Praxeology is the method of economics. Download the slides from this lecture at Mises.org/MU23_PPT_05. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Praxeology | David Gordon Video of Praxeology | David Gordon

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FedNow Isn’t a CBDC, but It Is Dangerous

2023-07-24

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2023-07-24

Starting in July, the Federal Reserve will be rolling out a new payment service dubbed “FedNow.” Among many on the dissident side of politics, there is a growing worry that this new service may be a trojan horse for a central bank digital currency (CBDC). The concern is a valid one. A CBDC, depending on how it is implemented, could eliminate the privacy allowed by a cash system, allow the freezing of accounts with greater ease, and open the door to...

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Subjective Value and Market Prices

2023-07-24

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2023-07-24

This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation. Download lectures slides at Mises.org/MU23_PPT_04. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.

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The Birth of the Austrian School

2023-07-24

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2023-07-24

Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice. Download lecture slides at Mises.org/MU23_PPT_03. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022. The Birth of the Austrian School | Joseph T. Salerno Video of The Birth of the Austrian School | Joseph T. Salerno

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Can Fractional Reserve Banking Survive the Twenty-First Century?

2023-07-24

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2023-07-24

Caitlin Long tweeted over the July 4 weekend, “BIG NEWS for #fintech! A sixth US state—Idaho—is willing to charter uninsured, non-lending, 100% reserve banks that are eligible for Fed master accounts (the other states are CT, ME, NE, VT & WY). This trend could turn the ‘bank-as-a-service’ (#BaaS) model on its head!!!!!” As Long explained to Ash Bennington on Real Vision, bankers are playing this three-card monte game of, well, I’ll tell...

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Reflections on Method: The Proper Study of Man

2023-07-24

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2023-07-24

Includes an introduction by Joe Salerno. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023. [embedded content]

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Welcome and Opening Remarks

2023-07-24

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2023-07-24

Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023. Welcome and Opening Remarks | Joseph T. Salerno Video of Welcome and Opening Remarks | Joseph T. Salerno

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Why “Classical” Liberals Want Decentralization

2023-07-22

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2023-07-22

[This article is chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.] In recent decades, many pundits, scholars, and intellectuals have assured us that advances in communications and transportation would eliminate the different political, economic, and cultural characteristics peculiar to residents of different regions within the United States. It is...

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Explore the Minor Issues Archives

2023-07-22

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2023-07-22

This week Mark invites you to explore the Minor Issues archives. We have produced about a half a year's worth of short audio commentaries about the economy, and we are grateful to our listeners for their feedback. Topics range from the price of toilet paper to macro-business cycle topics, but our specialty is highlighting issues that the mainstream media ignores or misrepresents as insignificant. Thank you for listening.  Be sure to...

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Modern Socialism Is Forced Socialization

2023-07-22

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2023-07-22

My article “The Education of the Modern Socialist” deserves a follow-up. The first part showed that a change has occurred in the definition of “socialism”—a necessary change in view of the failures of this ideology during the last century. Socialism today is based on the ideology of “statism”—the conviction that the state must play a fundamental role in society. Ludwig von Mises’s wider definition of socialism as state intervention implies a modern...

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Why Government Pollution Control Fails

2023-07-22

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2023-07-22

In over twenty-five years of teaching undergraduate students, I have heard the same refrain countless times: free markets have many problems that government has to step in to solve. Indeed, students expect government to “step in” so much that markets occupy a peripheral role in their idealized economic system. Even students with an ideological predilection toward markets will be quick to argue that certain problems, such as pollution, require...

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How East Germany’s Stasi Perfected Mass Surveillance

2023-07-21

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2023-07-21

The state has a monopoly on violence. However, abusive repression harms government credibility and alienates public support in the long run. A more subtle and effective way to exercise power is to surveil the population and to prevent open manifestations of discontent. This article analyzes the case of the of the German Democratic Republic’s (DDR) Ministry for State Security (MfS), also known as the Stasi. The thesis is that an effective...

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How the Fed Could Bring in a CBDC Through the Back Door

2023-07-21

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2023-07-21

George Gammon, host of the popular Rebel Capitalist show, warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it, being promised safe, high-interest checking accounts at the Fed, just like Jamie Dimon. The Rebel Capitalist show: Mises.org/HAP405a How the Fed Could Bring in a CBDC through the Back Door Video of How the Fed Could...

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Mises and Nationalism

2023-07-21

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2023-07-21

Nationalism is a potent force in the modern world, and it is not surprising that some libertarians have been attracted to it. Indeed, in some circles the slogan “Blood and Soil” has come into to use to denote a people’s attachment to the land. It should be noted that although this slogan was used by the Nazis, especially by Walter Darré, it did not originate with them but was common among German nationalists such as Oswald Spengler. It would be...

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