Category Archive: 6b.) Mises.org

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The Eurozone Falls into Recession as “Stimulus” Fails

2023-06-24

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2023-06-24

Investor sentiment is clearly bullish. The CNN Fear and Greed Index for June 18th, 2023, stood at 82, which signals “extreme greed”. This is a drastic optimistic move after closing at “greed” (56 over 100) a month before and “extreme fear” (17 over 100) only one year ago. However, in the same period, the Citi global economic surprise index has declined twelve points, with the euro area component collapsing 123 points. The US economic surprise index...

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The Carbon Capture Pipeline: The Latest Bridge to Nowhere

2023-06-24

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2023-06-24

The carbon capture pipeline is the result of the latest gift to rent-seeking “titans of industry” and interestingly, may be used on some existing projects that came to be, years ago, due to rent seeking. More on this below. As we’ve heard for years and years now, sometimes delivered in memorable ways, the continuing elevation of atmospheric levels of carbon dioxide, and other greenhouse gases, and the rising global temperatures that follow, is the...

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The Money Supply Keeps Falling After Its Biggest Drop Since the Great Depression

2023-06-24

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2023-06-24

Money supply growth fell again in April, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years.  April's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and since November, we've been seeing the money supply repeatedly contract—year-over-year— for six months...

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Rich Country, Poor Country. Why the Differences?

2023-06-23

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2023-06-23

The scourge of poverty wounding citizens in the developing world has provoked much discussion in affluent countries. Quite unreasonably, rich countries have been indicted for inciting poverty in poor countries. Unfortunately, the assumption that prosperity stems from exploitation is still widely popular in academia and politics. However, the historical record casts serious doubt on this argument. Imperialism was the standard in the ancient world,...

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MMT Says Government Debt Makes Private Saving Possible

2023-06-23

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2023-06-23

Mises Institute Fellow Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible." Patrick and Bob point out that these MMT tautologies are very misleading at best. Patrick also lays out the argument in his journal article, saying that MMT's debt monetization won't cause a boom-bust cycle, but will still reduce living standards....

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Deneen on Elitism

2023-06-23

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2023-06-23

Last week, I discussed the way in which Patrick Deneen misreads John Stuart Mill in his book Regime Change. I’d like to continue the assault on Regime Change this week by looking at an argument he makes against libertarianism. Libertarians, Deneen alleges, are elitists. They think that ordinary people need to be ruled by an elite class of experts. They favor restrictions on democracy in order to entrench laws about property rights that benefit the...

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Why Barbados Advanced Economically While Jamaica’s Growth Lagged

2023-06-23

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2023-06-23

Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly. Original Article: "Why Barbados Advanced Economically While Jamaica's Growth Lagged"

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Unleashing the Power of Greed: How the Free Market Propels Progress

2023-06-23

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2023-06-23

The free market system has faced its fair share of criticism, often being labeled as a breeding ground for greed and self-interest. However, let’s take a closer look and see how greed, when properly channeled and regulated within a free market framework, can actually bring about positive outcomes for society. One fascinating thought experiment that showcases the positive role of greed in the free market is Adam Smith’s concept of the “invisible...

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Why Governments Love Secrecy and Hate Whistleblowers

2023-06-22

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2023-06-22

Ryan and Tho take a look at the legacy of Daniel Ellsberg's heroic leak of the Pentagon Papers and the evils of government secrecy. Modern leakers like Snowden, Manning, and Assange do important work educating voters and making the state more accountable. New Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug  PROMO CODE: RothPod for 20% off

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Fiat Food and Its Consequences with David Gornoski

2023-06-22

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2023-06-22

On this episode of Good Money with Tho Bishop, David Gornoski of A Neighbor's Choice joins to discuss how government policies have impacted American diets. From the subsidization of certain crops to anti-science propaganda campaigns about diet, to the consolidation of the agricultural industry, the politicization of the economy still shapes not only their wallet but their plates. Good Money listeners can order a special $5 book bundle that...

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To Avarice No Sanction

2023-06-22

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2023-06-22

What many people call government generosity Leonard Read called avarice. Original Article: "To Avarice No Sanction"

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Banks Create Money out of Thin Air. What Could Possibly Go Wrong?

2023-06-22

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2023-06-22

You might rightfully wonder: How can a bank, like the neighborhood bank down the street, “create money out of thin air”? To answer that question, we must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on. For every old dollar that goes in, nine new dollars come out, created with the stroke of a pen or the click of a mouse. As you may be aware, general deposits are...

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Is The Federal Reserve Already Done Raising Rates?

2023-06-22

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2023-06-22

Ryan and Robert Aro take a look at the Fed's unconvincing explanation of why it has chickened out on interest rate hikes. This only makes sense if the economy is much weaker than the Fed claims.  Be sure to follow the Fed Watch Podcast at Mises.org/FedPod.

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China Calls Out the USA for Instigating the Infamous Color Revolutions

2023-06-22

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2023-06-22

As geopolitical tensions rise, the Chinese political leadership tells the US government to desist pushing its "color revolutions." Original Article: "China Calls Out the USA for Instigating the Infamous Color Revolutions"

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The FTC Should Answer Its Call of Duty to Gamers

2023-06-22

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2023-06-22

All too often, unscrupulous businesses weaponize the United States’ antitrust laws—which are only supposed to be utilized to protect consumers against higher prices and other consequences of monopoly power—for their own self-serving purposes. Professor Thomas DiLorenzo explained this problem more than a third of a century ago in a piece titled “The Rhetoric of Antitrust.” He wrote that “In theory antitrust regulation promotes competition in the...

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School World Order

2023-06-21

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2023-06-21

John Klyczek joins Michael on the first episode of REKT. John (jakE) is the author of School World Order: The Technocratic Globalization of Corporatized Education. Topics include the behaviorist, collectivist, and eugenicist roots of public (and state-sanctioned private) education, the globalist organizations behind the stakeholder capitalism regime, and the making of "global citizens" through indoctrination and technocratic surveillance...

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Sound Money Is Required for Real Budget Discipline

2023-06-21

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2023-06-21

The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal. Without sound money, however, the borrowing and spending regime will collapse sooner or later. Original Article: "Sound Money Is Required for Real Budget Discipline"

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Assumptions Matter Both in Economics and in the Real World

2023-06-21

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2023-06-21

To explain Japan’s economic problems, Paul Krugman employed a model that assumes people are identical and live forever. While admitting that the model is not realistic, Krugman nonetheless argued that his model could still offer solutions to the crisis. In The Philosophical Origins of Austrian Economics, David Gordon wrote that Eugen von Böhm-Bawerk believed economic concepts must originate from reality and should be traced to their ultimate...

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How Capitalism Redefined Masculine Virtue

2023-06-21

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2023-06-21

In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. Original Article: "How Capitalism Redefined Masculine Virtue"

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Powell Sends Mixed Messages as He Chickens Out on Rate Hikes

2023-06-21

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2023-06-21

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.25 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021.  Yet, at Wednesday's press conference announcing the FOMC's...

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