Category Archive: 6b.) Mises.org

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The Economics of National Divorce, Part II

2023-02-24

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2023-02-24

Tom Woods joins the show for a look at the hottest political topic of the day, namely national divorce. This is a spirited discussion of the politics, economics, and mechanics of how America might break up.  Watch "The Economics of National Divorce, Part I" with Ryan McMaken: Mises.org/HAP352 [embedded content]

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Mill at a Loss

2023-02-24

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2023-02-24

On John Stuart Millby Philip KitcherColumbia University Press, 2023; 152 pp. John Stuart Mill wasn’t Murray Rothbard’s favorite philosopher, and Philip Kitcher’s short book would confirm this dislike. Rothbard viewed Mill as a fuzzy thinker, overly prone to compromise and averse to firm principles. These qualities are among those that lead Kitcher to praise Mill, but Rothbardians nevertheless have much to learn from Kitcher, who is a leading...

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Why Libertarians Should Support the Multipolar World

2023-02-24

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2023-02-24

Western intellectuals and their political allies are pushing relentlessly toward a unipolar world. Freedom lies in the multipolar direction. Original Article: "Why Libertarians Should Support the Multipolar World" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Artificial Intelligence Can Serve Entrepreneurs and Markets

2023-02-24

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2023-02-24

Marketplace competition is reaching a new high with the era of artificial intelligence—deep machine learning capabilities offered to the entrepreneur as specialized services. AI tools as services spanning the marketplace are popping up at a rate that is seemingly increasing firms’ productivity and competitiveness. However, what implications do offering AI and deep learning as a service have for market operations, buyers, and sellers? When AI...

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No, Red State Economies Don’t Depend on a “Gravy Train” from Blue States

2023-02-24

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2023-02-24

When Congresswoman Marjorie Taylor Greene called (again) for "national divorce" this week, a common retort among her detractors on Twitter was to claim that so-called red states are heavily dependent on so-called blue states to pay for pretty much everything. Reporter Molly Knight claimed, for example, that "Red states get their money for roads and cops and schools from blue states. You cut off that gravy train and you e [sic] got a...

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The Forgotten Lessons of Government-Enforced Race Relations

2023-02-23

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2023-02-23

Judge Andrew Napolitano looks at the history of government and race relations in our nation's history. It's not a pleasant or uplifting story. Original Article: "The Forgotten Lessons of Government-Enforced Race Relations" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Saint Augustine, Proto-Austrian

2023-02-23

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2023-02-23

In a past Mises Wire article, I’ve written about how Saint Thomas Aquinas’s definition of hope correlates incredibly well with what Carl Menger would describe in his definition a good six centuries later. This trend of religious figures like Aquinas and his later followers, the late Spanish scholastics, discovering economic truths despite studying theology, not economics, can be found often throughout the course of history. Tom Woods has explained...

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Why MTG Is Right About National Divorce

2023-02-23

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2023-02-23

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss this week's Twitter and media campaign by Congresswoman Marjorie Taylor Greene promoting the idea of national divorce. Ryan and Tho read through some of the tweets that the Representative from Georgia made about the practical advantages of a soft secession, as well as comments made by "Very Serious People" deeply offended at the suggestion. Is Marjorie Taylor Greene...

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Will AI Learn to Become a Better Entrepreneur than You?

2023-02-23

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2023-02-23

While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing. Original Article: "Will AI Learn to Become a Better Entrepreneur than You?" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Biden versus Bastiat

2023-02-23

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2023-02-23

Whether well-intentioned or otherwise, a “Made in China” ban for construction materials on federally funded infrastructure projects will benefit a chosen political class to the detriment of all else. “This rival, which is none other than the sun, is waging war on us so mercilessly . . . We ask you to be so good as to pass a law requiring the closing of all windows, dormers, skylights.” Frédéric Bastiat’s scathing satire of the absurdity of...

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Ludwig von Mises’s Monetary Theory in Light of Modern Monetary Thought

2023-02-23

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2023-02-23

Ludwig von Mises's contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists, viz., integrating monetary and value theory. Such a unified and truly "general theory" is...

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Money versus Monetary Policy

2023-02-22

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2023-02-22

Money is simple. The political program of monetary "policy" is not. Original Article: "Money versus Monetary Policy" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Power of Woke: How Leftist Ideology Is Undermining Our Society and Economy

2023-02-22

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2023-02-22

“It’s an important part of society whether you like it or not,” lexicologist Tony Thorne, referring to “wokeness,” told The New Yorker’s David Remnick in January. That’s an understatement. Wokeness is poisoning the Western workplace and constraining small and family businesses, midsized banks, and entrepreneurs while enriching powerful corporations and billionaires. It’s eating away at the capitalist ethos and killing the bottom-up modes of...

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Supporters Summit 2023

2023-02-22

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2023-02-22

Save the date!  Join us for our 2023 Supporters Summit, October 12–14, at the Mises Institute in Auburn, Alabama.  Lew Rockwell and Jeff Deist will host a weekend filled with engaging discussion and social time with other Mises members and speakers. We'll open Thursday evening, October 12 with a reception in Auburn. Friday, October 13, we'll have discussions and lunch at the Institute and close with a dinner at the new and unique Botanic in...

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Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High

2023-02-22

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2023-02-22

We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse. Original Article: "Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Joe Biden and Protectionism: Continuing to Make America “Grate”

2023-02-22

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2023-02-22

Nobel Prize–winning economist George Stigler once wrote of economists as preachers, which he described as involving offering “a clear and reasoned recommendation (or, more often, denunciation) of a policy or form of behavior by men or societies of men,” particularly with respect to the ethics of market competition. With regard to defending those ethics (i.e., defending mutually voluntary arrangements that individuals make with one another versus...

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Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?

2023-02-22

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2023-02-22

When advocates of secession in the United States bring up “national divorce,” a common objection we hear is that secession can’t be allowed because it would make some people worse off. For example, we’re told that if, say, a majority of Floridians voted to secede, that still can’t be allowed because there would still be a minority that opposes secession. We especially hear this in the context of so-called red states—where, presumably, a majority of...

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The Price-Gouging State

2023-02-21

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2023-02-21

Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them. Original Article: "The Price-Gouging State" This Audio Mises Wire is generously sponsored by Christopher Condon.

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A Student Loan Fable

2023-02-21

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2023-02-21

A student goes into a bank. He tells the personal loan banker, “I want to borrow $7,500 per year for the next four or five years.” “That’s at least $30,000 over time,” the banker says. “Personal loans have a 10 percent interest factor.” “For my loan,” says the student, “I need an interest rate close to a home mortgage, like 6 percent. Also, I don’t want to be charged interest for the first four or five years of the loan.” The banker asks, “How long...

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Lipton Matthews: A 5-Way Global Perspective on Innovation and Entrepreneurship in the USA

2023-02-21

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2023-02-21

Entrepreneurship and innovation are the keys to economic growth and higher standards of living. The USA has long enjoyed leadership status on these dimensions — people see the USA as the land of entrepreneurs and the source of new ideas and advances in business. Is the reputation still deserved? Or is it being eclipsed as part of the general decline in standards and capabilities that we observe? Lipton Matthews is a global economic and...

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