Category Archive: 6b.) Mises.org

The State Protects Itself While Crime against Ordinary People Surges

In all the media and regime frenzy over the Janaury 6 riots and the Pentagon Leaker in recent months, it is interesting to examine the contrast between how the regime treats "crimes" against its own interests, and real crime committed against ordinary private citizens.  Witness, for example, how the Biden administration and corporate media have treated the January 6 riot as if it were some kind of military coup, demanding that draconian...

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Beyond Crisis: The Ratchet Effect and the Erosion of Liberty

The Constitution “is not a suicide pact,” said Justice Arthur Goldberg in the court’s opinion in the 1963 Supreme Court case of Kennedy v. Mendoza-Martinez. His statement highlights a fundamental truth: in times of crisis, governments often feel compelled to take extraordinary measures to protect their citizens and maintain order. However, this desire to act swiftly and decisively can lead down a perilous path where the expansion of government...

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They Didn’t Listen: The Reality of Hayek’s Bestseller

In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right. Original Article: "They Didn't Listen: The Reality of Hayek’s Bestseller"

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A Recession Coming in 2023? With Dr. Murray Sabrin

On this episode of Good Money with Tho Bishop, Dr. Murray Sabrin joins the show. Dr. Sabrin shares his story of how he became an Austrian economist and discusses his analysis predicting a recession later in the year. Tho and Dr. Sabrin also talk about this week's anniversary of Nixon closing the gold window. Join Dr. 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...

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Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory

Capitalism—Its Nature and Its Replacement: Buddhist and Marxist Insightsby Graham PriestRoutledge, 2021; 312 pp. The title of this book seems at first sight puzzling: what has Buddhism to do with Marxism? When we learn that the author accepts Karl Marx’s analysis of capitalism and also wishes to replace capitalism with a type of socialism, we might be tempted to toss the book aside. It would be a mistake to do so. The author is a distinguished...

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Is the Fed Responsible for the Recent Surge and Fall in Price Inflation?

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing':...

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A Higher Minimum Wage Won’t Improve Life in Pennsylvania

Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers.  Original Article: "A Higher Minimum Wage Won't Improve Life in Pennsylvania"

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What Mises Really Thought about Fascism

It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history. —Ludwig von Mises, Liberalism: In the Classical Tradition Mises controversially stated this quote in his book Liberalism: In the Classical Tradition. This...

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Monetary Inflation Won’t Create Economic Growth

When it comes to matters of money and banking, all practical political issues ultimately hinge on one central question: can one improve or deteriorate the state of an economy by increasing or decreasing the quantity of money?1 Aristotle said that money was no part of the wealth of a nation because it was simply a medium of exchange in inter-regional trade, and the authority of his opinion thoroughly marked medieval thought on money. Scholastic...

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The American Revolutionaries Didn’t Need a Central Government. Neither Do We.

Rothbard on the American Revolution: "There was no particular need for the formal trappings and permanent investing of a centralized government, even for victory in war." Original Article: "The American Revolutionaries Didn't Need a Central Government. Neither Do We."

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Regulation in the Free Market: It’s Not What Most People Believe

When the idea of a totally free market is floated in economic discussion, a widely accepted critique of such an idea is often related to the issue of how goods and services could be guaranteed safe for consumption. After all, without a government sending inspectors and decreeing standards of safety for products, it is often assumed companies, in their everlasting quest for profits without mercy, would have no incentive against selling whatever...

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Is Javier Milei Argentina’s Ron Paul Moment?

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Summer Fellow Manuel Garcia Gojon to discuss the recent strong performance by Argentinian libertarian presidential candidate Javier Milei. The three discuss the economic conditions of Argentina fueling the self-proclaimed anarcho-capitalist's political rise, what separates him from other populist figures, and some of his proposed policies - such as abolishing the...

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FedNow Isn’t a CBDC, but It Is Dangerous

While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse. Original Article: "FedNow Isn't a CBDC, but It Is Dangerous"

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China Enters the Doom Loop

China's authoritarian gerontocracy has built a Doom Loop with Chinese characteristics, with over half the economy now crashing. Chinese exports are now plunging at the fastest pace since the covid lockdowns: Exports fell 14.5% on the year, driven by a 21% drop in exports to Europe and a 23% drop to the US. Meanwhile, imports to China are also falling -- 12.4% on the year -- as shrinking manufacturing buys fewer inputs and households buy less. In...

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Is the Monopoly Board Game Like Real Markets?

It feels like a silly thing to say, but board games are not real life. Playing a few rounds of Operation does not make you a surgeon. Unlike in Battleship, real-world battleships do not sit still on a ten-by-ten grid. Similarly, Monopoly does not correlate to “free-market capitalism,” despite anticapitalist claims like this tweet with over a million views: There’s literally a children’s board game that demonstrates that “free-market capitalism”...

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Can Fractional Reserve Banking Survive the Twenty-First Century?

Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress. Original Article: "Can Fractional Reserve Banking Survive the Twenty-First Century?"

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Inflation Is a Giant “Skim” on the American People

The price of a McDonald’s hamburger in the United States has inflated 3.75 percent annually over the last seventy years. McDonald’s has grown from a tiny hamburger stand in Des Plaines, Illinois, to the second largest fast-food chain on earth. Scale economies alone (never mind process and productivity improvements) should’ve allowed the price of a burger to decline materially over this period. Why didn’t it? What forces and institutions have...

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How East Germany’s Stasi Perfected Mass Surveillance

The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital  methods. Modern tech now makes the job a lot easier.  Original Article: "How East Germany's Stasi Perfected Mass Surveillance"

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Thanks to Government, Maui’s Lahaina Fire Became a Deadly Conflagration

The most destructive natural disasters are never 100 percent natural. Human choices, land use, and government policies play a big role in how harmful hurricanes, tornadoes, earthquakes, flash floods, and wildfires are to the affected communities. And after catastrophes like the wildfire that destroyed much of the historic Hawaiian city of Lahaina last week, it’s worth taking stock of how much of the disaster was the result not of natural or...

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Decentralize and Win

Michael Rectenwald talks with Paul Gottfried about Paleoconservatism, the left, Wokism, the identity and ethos of the ruling elite, and decentralization. Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use code "Rekt23" for $45 off admission: Mises.org/Nashville23 Decentralize and Win Video of Decentralize and Win

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