Category Archive: 6b.) Mises.org

States Are Dying from Corruption and the Exponential

Technology is the main reason why so many of us are still alive to complain about technology. —Garry Kasparov If I take 30 steps linearly, I get to 30. If I take 30 steps exponentially, I get to a billion. —Ray Kurzweil While world leaders try to decide whether their interests are best served by World War III or some other imposed atrocity, various forces have states targeted for extinction. Chief among these forces is the exponential nature of...

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France’s Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse

The rioting in France is not due to racism nor is it the logical end of immigration. Instead, it is rooted in France's minimum wage and other labor restrictions that lead to unemployment and resentment. Original Article: "France's Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse"

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Let Staten Island Secede!

Homeless foreign nationals (i.e., "illegal aliens") began arriving last week at a makeshift shelter in a Staten Island neighborhood. The arrivals come after New York City Mayor Eric Adams decided that a shuttered Catholic school on Staten Island would be used to house some of the more than 100,000 migrants who have arrived in New York City since the spring of 2022.  Staten Islanders, however, were given no veto and no role in determining...

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Physician Burnout: Another Consequence of Medical Socialism

According to the American Medical Association, physician burnout “is a long-term stress reaction which can include the following: Emotional exhaustionDepersonalization (i.e., lack of empathy for or negative attitudes toward patients)Feeling of decreased personal achievement”The article goes on to say: Physician burnout is an epidemic in the U.S. health care system, with nearly 63% of physicians reporting signs of burnout such as emotional...

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Easy Money Is a Much Bigger Economic Problem than Debt

While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits. Original Article: "Easy Money Is a Much Bigger Economic Problem than Debt"

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Totalitarian Ideals and Not Living by Lies

On we go, further and further into the era of post-journalism, where outlets survive not on the accuracy and honesty of their reporting but on the appeal of their narrative. —Fred Skulthorp, The Critic Nobody has missed that the West suffers from a credibility problem. Its institutions—by which we mean the media, government officials, academia, teachers’ unions and other joint societal “stuff” —hold less and less of our collective trust (business...

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Politics Has Infected Everything in Our Society, Especially the Media

Modern American media has become so politicized that a once-venerable institution now cannot be trusted. Original Article: "Politics Has Infected Everything in Our Society, Especially the Media"

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Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty

The open protocols on the internet would seem to create chaos, but it turns out that they produce the opposite results, encouraging a digital spontaneous order. Original Article: "Breaking Free: How Open Protocols Foster Entrepreneurship, Spontaneous Order, and Individual Sovereignty"

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Voting with Their Feet: The Lure of Migration

People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet. Original Article: "Voting with Their Feet: The Lure of Migration"

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Navigating by the Stars on a Cloudy Night

In this episode, Mark examines Fed Chairman Jay Powell's recent confession that the Fed is "navigating by the stars on a cloudy night." This reveals the fundamental methodological weakness of the Fed's economic policy and mainstream economics in general ("data dependency"). In contrast, it also reveals the strengths of Austrian economics, economic theory, and the self regulation of the free market. Mark suggests that we all be...

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Why Stabilization Policy is Destabilizing

U.S. presidential candidate Vivek Ramaswamy took aim at the Federal Reserve recently: The reality is, if the dollar is volatile, it’s as bad as if the number of minutes in an hour fluctuated. None of us would be here at the same time. […] When the number of dollars [in relation] to a unit of gold or an agricultural commodity is wildly fluctuating, money doesn’t go to the right projects. It’s just wild—it doesn’t make any sense. That’s been an...

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There Is No Fed Magic Trick to Achieve a Soft Landing

Economic growth in the United States accelerated to a 2.4 percent annualized rate in the second quarter of 2023, picking up from 2.0 percent in the first quarter, and climbing well above the 1.8 percent rate predicted by economists. Many analysts are surprised that the US economy has continued to expand at a robust pace despite the Federal Reserve’s (Fed) aggressive tightening on monetary policy. The Fed raised interest rates by more than 500 basis...

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Why the “Just Wage” Theory Doesn’t Make Much Sense

The concept of the "fair wage" or the "just wage" is centuries old. It dates back at least to the Middle Ages and was founded on the idea that "just" prices of goods must be sufficient to provide "a reasonable wage to maintain the craftsman or merchant in his appropriate station of life."  In its modern form, the idea of the just wage is often known as a "living wage." But whatever its form, the...

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CBDCs: The Ultimate Tool of Financial Intrusion

While the government promotes CBDCs as tools for "inclusion," it is more likely that they will be another vehicle for federal intrusion. Original Article: "CBDCs: The Ultimate Tool of Financial Intrusion"

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Updating Böhm-Bawerk and Fixing Finance

Peter Lewin joins Bob to discuss his work with Nicolás Cachanosky on uniting Austrian capital theory with mainstream finance. Peter's New Book on Capital and Finance: Mises.org/LewinBook Updating Böhm-Bawerk and Fixing Finance Video of Updating Böhm-Bawerk and Fixing Finance Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use Code "HA23" for $45 off...

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Understanding Hegel from a Straussian Viewpoint

This book offers an account of Hegel that will surprise many readers—at least it surprised me. The political philosopher Leo Strauss often criticized “historicism,” the view that human beings do not have a fixed nature or essence. Instead, as José Ortega y Gasset put it, “Man, in a word, has no nature; what he has is—history.” G.W.F. Hegel was one of the foremost historicists, so you might expect Strauss to attack him. But, although he does suggest...

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The Unwelcome Return of Covid Restrictions and Lockdowns

The covid restriction machinery is being ramped up in time for fall, despite the fact that covid poses little danger. Original Article: "The Unwelcome Return of Covid Restrictions and Lockdowns"

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How a CBDC Created Chaos and Poverty in Nigeria

It is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank digital currencies (CBDC) implementation. Not only is it the wealthiest country on the continent where the globalists are making plans, but Nigeria also possesses significant hydrocarbon and metals reserves and talented citizens. For these reasons, it can serve as a relatively good example for the rest of...

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Beating Woke Capital on the Market

Matthew Mohlman joins Good Money with Tho Bishop to discuss his work with Monument Ventures. Matthew and Tho discuss the need to build better alternatives to woke financial institutions, and the limit of political solutions to address the problem. Join Bob Murphy, Patrick Newman, Jonathan Newman, and Murray Sabrin in November for a Mises Circle in Ft. Meyers, FL on The White House, the Fed, and the Economy. Use promo code Tampa23 for $10 off...

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What the Left and Right Get Wrong On China

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about the Chinese economy. While some of the left see China as a model for governing, those on the right often assume their rise relative to the US is inevitable. Ryan and Tho look at the recent challenges to the Chinese economy.  Recommended Reading "The Chinese Economy: Market Socialism with Chinese Characteristics" by Antonio Graceffo: Mises.org/RR_149_A...

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