Category Archive: 6b.) Mises.org

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US Debt Makes Us Dependent on Petrodollars — and on Saudi Arabia

2020-01-17

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2020-01-17

The Iranian regime and the Saudi Arabian regime are longtime enemies, with both vying for control of the Persian Gulf region. Part of the conflict stems from religious differences — differences between Shia and Sunni muslim groups. But much of the conflict stems from mundane desires to establish regional dominance.

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Cannonball Mindset Podcast – Doug French, Owner & CEO at Stylecraft Builders

2020-01-16

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On this episode, we sat down with Owner and Chief Executive Officer (CEO) at Stylecraft Builders, Doug French. Stylecraft Builders is a family owned company that values passion, hard-work and service. They were founded in 1982 by Doug’s father, Randy and today are one of the largest home builders in the country! Doug shares with …

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The History and Structure of the Federal Reserve System

2020-01-16

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2020-01-16

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] This chapter will provide a brief sketch of the historical context in which the Federal Reserve was founded, summarize some of the major changes to the Fed’s institutional structure and mandate over the years, and end with a snapshot of the Fed’s current governing structure.

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The Many Ways Governments Create Monopolies

2020-01-15

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2020-01-15

[From Power and Market, Chapter 3.] Instead of making the product prohibition absolute, the government may prohibit production and sale except by a certain firm or firms. These firms are then specially privileged by the government to engage in a line of production, and therefore this type of prohibition is a grant of special privilege. If the grant is to one person or firm, it is a monopoly grant; if to several persons or firms, it is a...

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Will a Credit Crisis Threaten Boris’s 2020 Brexit Plans?

2020-01-15

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2020-01-15

Boris and the Conservatives won the General Election with a very good majority. In truth, opposition parties stood little chance of success against the Tory strategists, who controlled the narrative despite a hostile media. At the centre of their slick operation was Dominic Cummings, who masterminded the Brexit leave vote, winning the referendum against all the betting in 2016.

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Economist: Your Freedom Is Dangerous Because You Might Set a Bad Example

2020-01-14

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2020-01-14

Last week I discussed a new argument against paternalism in the important book of Mario Rizzo and Glen Whitman, Escaping Paternalism. Today I’d like to give the other side a chance. Robert H. Frank is an economist at Cornell University, well-regarded for his work on the emotions and usually anxious to stress the flaws of the free market. In his just-published Under the Influence, he offers, among many other things, a defense of high taxes on...

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Confisco e o Princípio de Apropriação – por Murray N. Rothbard (Áudio-artigo)

2020-01-13

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Confisco e o princípio de apropriação Por Murray Rothbard O brilhante e desafiador artigo de Karl Hess sobre esse assunto levanta um problema de especificidades que tem alcance maior do que o movimento libertário. Por exemplo, deve haver centenas de milhares de anti-Comunistas [1] “profissionais” nesse país. Mesmo assim, ninguém dessa laia, no decorrer de …

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Geld aus dem Nichts: Unser Geldsystem am Ende? Prof. Thorsten Polleit bei Beatrix von Storch

2020-01-13

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1:35 Was ist Geld? Geld als allgemein akzeptiertes Tauschmittel: Wo kommt es her? 2:55 Was ist der Wert des Geldes? 3:20 Geld und Waren: Haben wir den Zusammenhang zwischen beidem vergessen? 4:40 Was ist der Zins? Warum gibt es einen Urzins? 6:25 Was sind Minuszinsen? Der Marktzins wird durch die Zentralbank manipuliert. Sorgen Minuszinsen wirklich …

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“Low” Tax Rates Often Mask Much Larger Tax Burdens

2020-01-12

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2020-01-12

Discussions about the incentive effects of taxes can be misleading. The focus is usually on the tax rates imposed. But one’s incentives are not best measured by tax rates, but by how much value created for others (reflected in consumers' willingness to pay) is retained by the creator, which I refer to as take-home income.

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Jeff Deist – The Pretense of Democracy

2020-01-11

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Jeff Deist is president of the Mises Institute, where he serves as a writer, public speaker, and advocate for property, markets, and civil society. He previously worked as a longtime advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches. In his years with Dr. Paul he … Continue...

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A Fearful Fed Keeps Pouring Money Into the Repo Market

2020-01-11

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2020-01-11

The Fed announced on Thursday it is adding another 83 billion in "in temporary liquidity to financial markets" And, in a development that will surprise no cynic anywhere, the Fed also noted it "may keep adding temporary money to markets for longer than policy makers had expected in September."

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Ep. 1567 Jeff Deist on the Trouble with Libertarian Technocrats

2020-01-11

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Jeff and I talk about a much-discussed recent article by George Mason University’s Tyler Cowen, which finds merit in the market system but insists we recognize and appreciate the value of the state. Well, we ain’t doing it. Subscribe to the Tom Woods Show: http://www.TomWoods.com/1567 http://www.SupportingListeners.com http://www.RonPaulHomeschool.com http://www.FreeHistoryCourse.com http://www.TomsFreeBooks.com

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Ep. 1565 Decentralization and Secession: Jeff Deist on the Only Way Forward

2020-01-09

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When people have radically incompatible worldviews, is it sensible or humane to try to govern them all according to the same set of rules? Yet neither progressives nor conservatives stop to consider decentralization, the only approach that can possibly work. They’re too busy jamming round holes into square pegs. Jeff Deist and I discuss the …

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Ep. 1564 Jeff Deist on Libertarianism and Its Deformation

2020-01-08

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Jeff Deist week continues with this discussion of the fundamentals of libertarianism, and how it’s been transformed into a bizarre mutation of its former self. Subscribe to the Tom Woods Show: http://www.TomWoods.com/1564 http://www.SupportingListeners.com http://www.RonPaulHomeschool.com http://www.FreeHistoryCourse.com http://www.TomsFreeBooks.com

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Conservation in the Free Market

2020-01-07

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2020-01-07

It should be no news by this time that intellectuals are fully as subject to the vagaries of fashion as are the hemlines of women’s skirts. Apparently, intellectuals tend to be victims of a herd mentality. Thus, when John Kenneth Galbraith published his best-selling The Affluent Society in 1958, every intellectual and his brother was denouncing America as suffering from undue and excessive affluence; yet, only two or three years later, the fashion...

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Why Paternalists Keep Calling Us “Irrational”

2020-01-06

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2020-01-06

Some economists, such as the 2017 Nobel Laureate Richard Thaler and his colleague Cass Sunstein, have proposed an unusual justification for government interference with people’s choices. They do not intend, they say, to override the preferences that people have. They don’t want to tell people what they “should” want, according to an external standard that people don’t accept. They claim, however, that accepting the actual preferences people have...

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Why the Minimum Wage Is so Bad for Young Workers

2020-01-05

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2020-01-05

In today’s political discourse, the minimum wage is frequently mentioned by the more progressive members of Congress. On a basic level, raising the minimum wage appears to be a sympathetic policy for low-income wage earners. Often kept out of the conversation, however, are the downstream effects of this proposal.

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Understanding Money Mechanics

2020-01-04

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2020-01-04

Dr. Bob Murphy joins the Human Action Podcast to discuss one of the most important issues of all: how money and credit work in today's society. Jeff Deist recently commissioned Murphy to write a series of articles on money mechanics, an exceedingly important topic for critics of the Fed—and today's podcast serves as an introduction to the project.

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Is Greater Productivity a Danger?

2020-01-03

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2020-01-03

It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something good.

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2019 Was a Bad Year For the “Only Cops Should Have Guns” Narrative

2020-01-02

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2020-01-02

Total New Guns, Homicide Rate, 1986-2018
On December 29, an armed gunman entered the West Freeway Church of Christ in Texas and shot two members of the congregation. Within six seconds, a third member of the congregation drew a weapon and shot the gunman dead. The events were captured on live-streamed video, with the dramatic events — in the minds of many observers — highlighting the benefits of privately-owned firearms as a defense against armed criminals.

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