Category Archive: 6b.) Mises.org

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Chapter 11. Shays’ Rebellion | Murray N. Rothbard

2020-01-20

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Excerpted from the audiobook version of Murray Rothbard’s ‘Conceived in Liberty, Volume 5: The New Republic: 1784–1791’. Edited by Patrick Newman (Mises.org/PNewman) and narrated by Millian Quinteros (Millian.com). Thanks to generous Mises Institute donors, this audiobook is available for FREE download: Apple Podcasts: https://podcasts.apple.com/us/podcast/conceived-in-liberty-volume-v/id1495688124 Googe Play:...

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Luck and Taxes

2020-01-20

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2020-01-20

“Luck egalitarianism” is a philosophical fad, and in the past I have had some characteristically unkind things to say about it. I’d like today to discuss a new argument that concerns luck and government. The economist Robert H. Frank says in Under the Influence, Because successful people often fail to appreciate the importance of seemingly minor random events in life, they tend to develop an exaggerated sense of entitlement to the enormous material...

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California’s Anti-Self-Employment Law Is Already Crushing Freelancers

2020-01-20

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2020-01-20

In 1971, Isaac Asimov wrote an extraordinary novel, The Gods Themselves, about a machine that generates unlimited energy for free, defying the fundamental economic principle known as scarcity. It is later learned that the Electron Pump is originating from a hole in space that connects parallel universes. Doomsday is nigh as it is discovered that galaxies will soon be destroyed and that the sun will metastasize into a supernova. The crux of the...

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The Prospects for a Sound-Money Revolt against the Dollar and Euro

2020-01-19

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2020-01-19

In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset inflation and goods inflation — will create an opportunity for that force to regain strength.

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How Do We Calculate Value?

2020-01-18

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2020-01-18

[From Socialism: An Economic and Sociological Analysis, by Ludwig von Mises, pp. 113–22.] All human action, so far as it is rational, appears as the exchange of one condition for another. Men apply economic goods and personal time and labour in the direction which, under the given circumstances, promises the highest degree of satisfaction, and they forego the satisfaction of lesser needs so as to satisfy the more urgent needs. This is the essence...

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How I Bamboozled Thousands of Conservatives into Thinking Like Anarchists | Robert P. Murphy

2020-01-17

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Presented at Mises University 2007 at the Mises Institute in Auburn, Alabama. Robert P. Murphy (Mises.org/Murphy) is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is ‘Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian’. His other works include ‘Chaos Theory’ (Mises.org/ChaosTheory), ‘Lessons for the Young …

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Egalitarianism as a Revolt Against Nature | Murray N. Rothbard

2020-01-17

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Includes an introduction by Lew Rockwell. Recorded on April 12, 1991, at the Mises Institute’s “Egalitarianism and the Free Society” conference in Princeton, New Jersey.

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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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