Category Archive: 6b.) Mises.org

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Defining a Good: The Intersection of St. Thomas Aquinas and Carl Menger

2023-01-02

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2023-01-02

While the average person thinks economics begins with Adam Smith and his Wealth of Nations, readers of the Mises Wire know that the story goes back much further than that. Members of the Austrian school commonly describe their earliest intellectual predecessors, the late Scholastics, as “proto-Austrians.”

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Historical Christianity as a Liberating Force in China

2023-01-01

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2023-01-01

The Chinese Community Party's crackdown in Christian churches reflects the perceived antiauthoritarian nature of Christianity and the party's fear of a competing alternative worldview. Original Article: "Historical Christianity as a Liberating Force in China" This Audio Mises Wire is generously sponsored by Christopher Condon.

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How Marxism Abuses Ethics and Science to Deceive Its Followers

2022-12-31

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2022-12-31

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world. Original Article: "How Marxism Abuses Ethics and Science to Deceive Its Followers" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Student Debt: It Is and Has Been a Personal Choice

2022-12-31

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2022-12-31

Progressives demanding that the government forgive student debt forget that student loans were made voluntarily by students that promised to pay back what they owe. Original Article: "Student Debt: It Is and Has Been a Personal Choice" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Woke Egalitarianism and the Elites

2022-12-31

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2022-12-31

In the research paper Egalitarianism and the Elites, published in 1995 in the Review of Austrian Economics, one of Murray Rothbard’s most brilliant insights was that even the implementation of an egalitarian society requires leadership. As the fall of one system to the implementation of a new model of society cannot come out of nowhere, someone must command and lead this process. And naturally, these leaders will occupy powerful positions.

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Authoritarianism Is Not Compatible with Economic Progress: Freedom Is Indivisible

2022-12-31

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2022-12-31

Is it possible, or even desirable, for economic freedom and progress to be compatible with authoritarianism? Although some may believe so, this is a fallacy. Freedom is indivisible. Political and economic freedom cannot be separated. This is the position of Ludwig von Mises himself. In Planning for Freedom, he says, “Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.”...

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The Human Action Podcast Predictions for 2023

2022-12-30

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2022-12-30

Bob and Jeff make their provocative 2023 predictions for the economy, the Fed, politics, world events, and cultural issues. [embedded content]

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Austerity: A Real Solution to Help Heal the US Economy

2022-12-30

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2022-12-30

Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works. Original Article: "Austerity: A Real Solution to Help Heal the US Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Despite Broad Opposition in Congress, US Policy toward the War in Yemen Is Unchanged

2022-12-30

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2022-12-30

Those in the antiwar movement are accustomed to disappointment in this long-standing environment of militarism, but this one truly stings. Up until the middle of December, there had been a strong push across many grassroots organizations to urge the US Congress to invoke the War Powers Resolution and end military support for the War in Yemen. Hopes were high that America would finally pull the plug on this terrible conflict. That momentum was...

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Ethics for Inhumans

2022-12-30

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2022-12-30

What We Owe the Futureby William MacAskillBasic Books, 2022; 333 pp. William MacAskill, a philosophy professor at Oxford and a leading light of the effective altruism movement, has recently been in the news owing to the frenzied and fraudulent finance of his protégé Sam Bankman-Fried, who now awaits trial. The “effective altruists” took seriously the implications Peter Singer drew from his famous thought experiment: Suppose you come across a small...

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Father Time versus Central Bankers

2022-12-30

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2022-12-30

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually. Original Article: "Father Time versus Central Bankers" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Latin America’s Descent into Interventionism Continues

2022-12-30

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2022-12-30

The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region GDP growth has been downgraded yet again to a modest 1.1% for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than other emerging markets, the outlook is exceedingly worrying. The poor growth and high inflation expectations are even worse...

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And So It Begins: Digital Currency Becomes Possible in our Future

2022-12-29

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2022-12-29

While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom. Original Article: "And So It Begins: Digital Currency Becomes Possible in our Future" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Case for Disbanding Public Health Agencies

2022-12-29

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2022-12-29

During March of 2020, Sweden’s state epidemiologist, Anders Tegnell, showed us how public health can be managed ethically by refusing to lockdown Sweden’s residents. The rest of the public health discipline, however, entered the territory in which we now place the universally castigated discipline of eugenics. Eugenics breaches ethics and causes enormous harm to the fabric of mankind. Likewise, lockdowns breach ethics and have terrorized or killed...

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The Mises Institute’s Goal Is a World Free of War and Politics. Will You Stand by Our Side?

2022-12-29

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2022-12-29

Dear Friend, In the midst of this busy Christmas season, I want to make sure you received our year-end letter from Lew Rockwell. If you already responded, thank you! But if not, will you take a minute today to make your most generous contribution and support the Mises Institute? We are all thankful to have the political season of 2022 over, but now the 2024 presidential election looms like a bad moon. The midterms solved nothing and brought no...

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Economic Growth Requires Savings, Not Money Pumping

2022-12-29

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2022-12-29

Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings. Original Article: "Economic Growth Requires Savings, Not Money Pumping" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Radio Rothbard (Mostly Negative) Predictions for 2023

2022-12-29

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2022-12-29

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look ahead to 2023 with a handful of predictions for the new year. They even manage to find one reason for optimism! Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.

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Behavioral Economics Challenges the Rationality of Consumer Choices

2022-12-29

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2022-12-29

A relatively new area of study in economics, behavioral economics, has started to gain popularity. The behavioral economics framework emerged because of dissatisfaction with the neoclassical theory regarding consumer choice. A major problem with the neoclassical theory is that human beings are presented as if hardwired with a scale of preferences. Regardless of circumstances, this scale is considered to remain the same at all times. Mainstream...

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A (True) Thanksgiving Tale of Socialism in America and Israel

2022-12-29

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2022-12-29

The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is generously sponsored by Christopher Condon.

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No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent

2022-12-28

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2022-12-28

Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent. Original Article: "No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent" This Audio Mises Wire is generously sponsored by Christopher Condon.

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