Category Archive: 6b.) Mises.org

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What Would Mises Think? Austria Is Applying (Some) Austrian Economics

2023-12-17

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2023-12-17

While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property. Original Article: What Would Mises Think? Austria Is Applying (Some) Austrian Economics

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It’s Time to Bust the Myth of Fed Omnipotence

2023-12-16

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2023-12-16

One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve. Original Article: It’s Time to Bust the Myth of Fed Omnipotence

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How Fossil Fuel Revolutionized Our Kitchens and Our Food

2023-12-16

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2023-12-16

Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age. Original Article: How Fossil Fuel Revolutionized Our Kitchens and Our Food

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Why the Falling Money Supply Hasn’t Yet Created Big Job Losses

2023-12-16

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2023-12-16

The year is ending with a significant level of optimism among investors, focusing on an expected string of rate cuts from the Fed and an estimated economic soft landing. However, a soft landing is a very rare event. Since 1975, there have been nine rate hike cycles, and seven of them ended in a recession. Why? We must understand that the concept of “landing” that the Federal Reserve repeats constantly is exactly that: a recession. A soft landing is...

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DC’s Debt Trap

2023-12-16

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2023-12-16

In May this year, the Congressional Budget Office estimated outstanding US government debt next October to be $27,388 billion. By the end of the first quarter of the fiscal year, it will exceed $34,000 billion. It is soaring out of control, and perhaps it is not surprising that the CBO has not updated its forecasts with this debt uncertainty. The CBO also assumed that debt interest costs last year would be $663 billion, when it ended up being $980...

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Greenwashing

2023-12-16

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2023-12-16

In this week's episode Mark explains the term "Greenwashing" and describes how Austrian economists might agree with the sentiment behind it. Are Austrian school economists against the environment? Mark thinks not and explains why.   Be sure to follow Minor Issues at Mises.org/MinorIssues. Get your free copy of Murray Rothbard's Anatomy of the State at Mises.org/IssuesFree.

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COP28: Climate Catastrophism Wins as the World Loses

2023-12-16

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2023-12-16

A hodgepodge of activism and legalistic negotiations characterized the 28th meeting of the Conference of the Parties (UNFCCC COP28), which concluded Wednesday, December 13, 2023. The resulting agreement, dubbed the “UAE Consensus,” includes the first-ever UN statement in the 27-year history of climate summits to call for the “transition away” from fossil fuels. In fact, it marks the first climate agreement to specifically refer to “fossil fuels” as...

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There Is Something Wrong with the Economic Views of Theologians

2023-12-16

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2023-12-16

Review of Kathryn Tanner: Christianity and the New Spirit of Capitalism An old professor told our class decades ago to believe nothing from the popular press about economics and only half of what the financial press writes. I would add that if a theologian tries to teach you economics, hide your wallet and lock up your daughters! Kathryn Tanner’s Christianity and the New Spirit of Capitalism is a good example of such the tragic comedy produced by...

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Will Texit Be on the GOP Primary Ballot in 2024?

2023-12-16

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2023-12-16

Daniel Miller, founder and president of the Texas Nationalist Movement, joins Bob to discuss the exciting developments in the push for a referendum on Texas secession. Daniel explains the prospects and then answers common objections to the idea. Daniel Miller's Website: Mises.org/HAP426a Bob's Pamphlet on Texas Independence: Mises.org/HAP426b   Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State:...

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After Ukraine, Realpolitik Will Be the New Interventionist Status Quo

2023-12-15

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2023-12-15

Between war weariness and the inability of the US government to pay war bills, reality is going to come to the fore even if Washington doesn't like it. Original Article: After Ukraine, Realpolitik Will Be the New Interventionist Status Quo

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Zoning Laws: Wolves in Sheep’s Clothing

2023-12-15

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2023-12-15

As younger generations grow older and take on adult responsibilities, they will at some point struggle with the cost of housing. This year alone more than 582,000 people in the United States are without a home, with about three in ten people being part of families with children. Governments today have implemented various policies recommended by different schools of economic thought, predominantly that of the Keynesians, to address the issue of...

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Political Authorities and Covid: Creating Crises in the Name of Public Health

2023-12-15

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2023-12-15

Diary of a Psychosis: How Public Health Disgraced Itself During Covid Mania. By Thomas E. Woods, Jr. Libertarian Institute, 2023. In the Foreword to this outstanding book, the eminent Stanford University physician Dr. Jay Bhattacharya makes an arresting claim. He says that people often make mistakes in recollecting the past because they confuse having intended to do something with actually having done it. That confusion is more likely to occur...

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Student Loans: The Continuing Crisis That Is Getting Worse

2023-12-15

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2023-12-15

The student loan program is descending into chaos and the Biden administration is clueless about what to do. Furthermore, the value of a college education continues to fall while college costs increase. Original Article: Student Loans: The Continuing Crisis That Is Getting Worse

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What an Old Coin Collection Tells Us about Money from the Past

2023-12-15

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2023-12-15

I was recently given a coin collection that belonged to another relative. Most of the coins in it are not in circulation anymore, and while you don’t see them every day, they are definitely not rare. Most aren’t in good condition either. In fact, they look much worse for wear than the coins you get as change at the grocery store. So, why would anyone bother to save these when they could have spent these coins? The reason is because, up until 1964,...

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Truth Is the Biggest Threat to Democracy in DC

2023-12-14

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2023-12-14

Early this year, Jack Teixeira, a 21-year-old Massachusetts Air National Guard member, was arrested and charged with transmission of national defense information and other charges. Teixeira allegedly leaked classified documents on the Ukraine war and other foreign policy issues to a Discord gaming group. The document propagated from there and appeared in many news articles in the following months. The Post article sympathetically portrays the...

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Inflationary Expectations Do Not Cause Inflation

2023-12-14

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2023-12-14

According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply. Original Article: Inflationary Expectations Do Not Cause Inflation

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Texit, Gold, and Ideas for States in 2024

2023-12-14

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2023-12-14

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss ideas for states to consider going into 2024. With faith in the federal government dropping across the country, Ryan and Tho identify meaningful steps states can pursue to help decentralize political power. Claim your free book: Mises.org/RothPodFree Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store....

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Unraveling the Roots of the German Mark’s Collapse

2023-12-14

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2023-12-14

The 1920s in the Weimar Republic, Germany, constitute a unique chapter in the global economic narrative, a chaotic symphony of financial forces that culminated in one of the most prominent hyperinflations ever witnessed. In this ephemeral period, the upward curve of price indices tested the limits of economic understanding and monetary stability. Between 1921 and 1923, the reichsmark—the German currency of the time—plunged into an inflationary...

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As the US Treasury Runs Out of Creditors, Its Options Dwindle

2023-12-14

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2023-12-14

With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult. Original Article: As the US Treasury Runs Out of Creditors, Its Options Dwindle

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President Biden Is Wrong. Military Spending Does Not Produce Wealth

2023-12-14

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2023-12-14

So far, the White House has justified its unwavering support for Ukraine on lofty grounds such as defending democracy and freedom—both in Ukraine and in the West. However, with the American public—who bears the cost of the war in Ukraine—turning against it, several Republican lawmakers questioning its purpose and affordability, and elections approaching, the Biden administration has changed the messaging on the war. Its new line is that sending...

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