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Category Archive: 6b.) Mises.org

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Subsidizing Higher Education Is Not Creating Widespread External Benefits

2023-02-19

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2023-02-19

Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people. Original Article: "Subsidizing Higher Education Is Not Creating Widespread External Benefits" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Is Capitalism to Blame for the Ohio Train Disaster?

2023-02-19

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2023-02-19

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop address whether the Ohio train disaster is an example of "capitalism gone amuck". They discuss Murray Rothbard's views on pollution, the secondary consequences of the regulatory state, and the decaying qualities of modern financialization.

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The Global Currency Plot

2023-02-19

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2023-02-19

Democratic socialism—the ideology that dominates the world today—aspires to become a world state. The route toward it requires a single world currency to be created. That would undoubtedly create a dystopia. Might this become a reality? And if so, how can it be averted? This book aims to find answers to these questions.

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The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

2023-02-18

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2023-02-18

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but. Original Article: "The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Why Madison and Hamilton Were Wrong about Republics

2023-02-18

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2023-02-18

The debate between the Federalists and the Anti-Federalists in the late eighteenth century was fundamentally a debate over whether or not Americans wanted or needed a large national state. Thus, in their effort to push ratification of the new constitution, the Federalists employed a wide variety of arguments designed primarily to convince the public that the United States, as it stood in 1787, was not politically centralized enough.  We often find...

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How Fast Should the Money Supply Grow?

2023-02-18

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2023-02-18

As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important. Original Article: "How Fast Should the Money Supply Grow?" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Fed’s 2% Inflation Target

2023-02-18

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2023-02-18

Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation. Be sure to follow Minor Issues at Mises.org/MinorIssues.

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The Forgotten Lessons of Government-Enforced Race Relations

2023-02-18

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2023-02-18

On April 23, 2003, in South Side Chicago, Reverend Jeremiah Wright cursed America for treating blacks as less than human. Such harsh rhetoric should not seem surprising given the US government’s history of involvement in race relations. Judge Andrew P. Napolitano takes us through that history in his book Dred Scott's Revenge: A Legal History of Race and Freedom in America. Most readers have heard about black lynchings that gripped the South for...

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How Government Spending Hurts the Economy

2023-02-18

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2023-02-18

[In this chapter from Man, Economy, and State, Murray Rothbard explains how government employees consume productive resources, while both taxes and government spending distort the economy.] For years, writers on public finance have been searching for the “neutral tax,” i.e., for that system of taxes which would keep the free market intact. The object of this search is altogether chimerical. For example, economists have often sought uniformity of...

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Will AI Learn to Become a Better Entrepreneur than You?

2023-02-18

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2023-02-18

Contemporary businesses use artificial intelligence (AI) tools to assist with operations and compete in the marketplace. AI enables firms and entrepreneurs to make data-driven decisions and to quicken the data-gathering process. When creating strategy, buying, selling, and increasing marketplace discovery, firms need to ask: What is better, artificial or human intelligence?

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Why Ron Paul Is Right

2023-02-18

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2023-02-18

The great Dr. Ron Paul has been right about all the major issues that confront the world today. He is right about the Fed, the Ukraine war, the FBI, and so much else. How has he managed to do that? What has given him wisdom unique on the political scene today? The answer is simple.

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The Economics of American Gerontocracy

2023-02-18

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2023-02-18

With Yale economics professor Yusuke Narita suggesting mass suicide—seppuku—as the answer to Japan's rapidly aging demographics, Jeff and Bob take a hard look at the economics and humanity of greying America. Richard Hanania, "Gerontocracy Versus Western Civilization": Mises.org/HAP383a Bob on opting out of Social Security: Mises.org/HAP383b [embedded content]

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Good Causes, Brand Trust, and Profits: Why YouTuber’s Private Charity Is Wrongly Criticized

2023-02-17

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2023-02-17

No good deed goes unpunished claims the old proverb, and twenty-four-year-old YouTuber Jimmy Donaldson’s recent charity act of helping one thousand blind people see again has the world divided on the moral circumstances surrounding his private charity. Some would go so far as calling his benevolence a “stunt.” They are utterly wrong, and understanding his reasoning and motives behind the charity acts should negate any critique. A Successful, Yet...

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Fighting Inflation Really Means Fighting the Federal Reserve

2023-02-17

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2023-02-17

These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists." Original Article: "Fighting Inflation Really Means Fighting the Federal Reserve" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Money versus Monetary Policy

2023-02-17

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2023-02-17

With all due respect to Niall Ferguson, whom I've heard of, and Huw van Steenis, whom I've not, this tweet is quite preposterous.  I've personally met more than five people who understand money just in my own circles. What they mean is “monetary policy,” which is in fact very difficult to understand—given it effectively operates as a political program within the muddled field of macroeconomics. Monetary policy, unlike money per se, is ad hoc,...

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The Government Seeks Totalitarian Money

2023-02-17

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2023-02-17

The Global Currency Plot: How the Deep State Will Betray Your Freedom, and How to Prevent Itby Thorsten PolleitLudwig von Mises Institute, 2023; 190 pp. Thorsten Polleit’s outstanding new book is packed with insights about both the philosophy of economics and economic policy, and as he shows, his philosophical standpoint enables him to grasp the essence of the financial world, of which he is a master. Polleit is a follower of Ludwig von Mises,...

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Why the End of the Petrodollar Spells Trouble for the US Regime

2023-02-17

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2023-02-17

By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power.  Original Article: "Why the End of the Petrodollar Spells Trouble for the US Regime" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Taxation Is Theft and Cannot Be Justified Even for Charitable Causes

2023-02-17

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2023-02-17

In her article “Multinationals Make Obscene Profits Out of Global Crises—Tax Them to Defend Human Rights,” Magdalena Sepúlveda called for more taxation of multinational corporations and the rich as a means to finance policies that are aimed at protecting the most vulnerable from what she calls “the cost of living crisis.” In this piece, I would like to respond to Sepúlveda by saying that taxation is theft and any attempt at justifying taxation,...

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Joe Biden Calls for the FTC to Resurrect the Robinson Patman Act. It’s a Very Bad Idea

2023-02-17

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2023-02-17

As former Federal Trade Commission (FTC) chairman Timothy J. Muris has recently noted, “President Biden rejects the economics-driven antitrust policies of the past 40 years.” In contrast, President Joe Biden “promised to return to earlier antitrust traditions.” Unfortunately, “those traditions were abandoned for good reason: they harmed consumers.”

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The Government Throws Money at Heart Disease, but Prevention Is Better than Cure

2023-02-16

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2023-02-16

Americans spend billions of dollars on treating heart disease. Prevention is cheaper, but thanks to perverse government incentives, preventing heart disease takes a backseat to medical spending. Original Article: "The Government Throws Money at Heart Disease, but Prevention Is Better than Cure" This Audio Mises Wire is generously sponsored by Christopher Condon.

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