Category Archive: 6b.) Mises.org

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The Profiteers of Armageddon

2023-08-02

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2023-08-02

Unless you’ve been hiding under a rock for the past few months, you’re undoubtedly aware that award-winning director Christopher Nolan has released a new film about Robert Oppenheimer, known as the “father of the atomic bomb” for leading the group of scientists who created that deadly weapon as part of America’s World War II-era Manhattan Project. The film has earned widespread attention, with large numbers of people participating in what’s already...

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The British NHS More Resembles a Statist Cult Than Advanced Healthcare

2023-08-02

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2023-08-02

The day after America celebrated its independence and its founding principles of self-governance and liberty, across the pond, Britain paid tribute to its values of collectivism and statism by commemorating the seventy-fifth anniversary of the National Health Service (NHS). Children’s choirs sang “Happy Birthday” at a thanksgiving church service celebrating the NHS at Westminster Abbey. In attendance were the prime minister and the opposition...

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When Slave Owners Chose Federal Power over Local Sovereignty

2023-08-02

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2023-08-02

Although they professed to support "states' rights," many proslavery activists wanted a stronger federal government that could force slavery on the western territories and deny local sovereignty to territorial residents.  Original Article: "When Slave Owners Chose Federal Power over Local Sovereignty"

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Yellow Trucking Goes Bankrupt, Thanks in Part to Onerous Labor Laws

2023-08-02

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2023-08-02

On July 30, Yellow, one of the oldest and largest trucking businesses in the United States, ceased operations and moved to declare bankruptcy. According to reports, the final nail in the coffin of the ninety-nine-year-old business was a labor dispute with the Teamsters Union. Yellow’s executives also deserve some blame, however. The trucking networks acquired in the 2000s and 2010s were poorly managed, delaying their integration. That said, when...

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The Simplicity and Significance of Mutual Economic Exchange

2023-08-01

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2023-08-01

Economic exchange stands as the defining essence of any economy, epitomizing the intricate web of interconnected transactions that shape its very existence. In essence, an economy derives its essence from the culmination of individual exchanges. However, the profound impact of the crucial distinction between voluntary choice and coercion often goes unnoticed by many outside the realm of economic study. In this article, we delve deeper into the...

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Statism and the Unmaking of Reality

2023-08-01

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2023-08-01

The state is, first and foremost, an institution whose overarching goal is the forcible subjugation of all the people who inhabit a given territory. However, what makes the state different from other coercive entities, such as organized crime groups, is that it enjoys some form of popular legitimacy. In other words, in addition to enslaving its inhabitants physically, it needs to secure their mental servitude as well. Many forms of such servitude...

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What Will It Take for Cryptocurrencies to Become Full-Fledged Money?

2023-07-31

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2023-07-31

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.1– NASSIM TALEB The crypto-unit bitcoin2 holds out the prospect of something revolutionary: money created in the free market, money the production and use of which the state has no access to. The transactions carried out with it are anonymous; outsiders do not know who paid and who received the payment. It would be money that cannot be...

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2SLGBTQ+IA and the Law

2023-07-31

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2023-07-31

The acronym 2SLGBTQ+IA stands for two-spirit, lesbian, gay, bisexual, transgender, queer, questioning, intersex, androgynous, and asexual. The 2SLGBTQ+IA community is often described as seeking “rights and equality” for its members. What fair-minded person could object? Increasingly, however, the community appears to want privileges and equity as well. These goals are diametrically opposed. Rights, such as freedom of speech, are universal and...

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Closing Remarks and Awards Ceremony

2023-07-29

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2023-07-29

Recorded at the Mises Institute in Auburn, Alabama, on 29 July 2023. [embedded content]

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Socialism Cannot Work, Not Even in an AI-Driven Economy

2023-07-29

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2023-07-29

Many of us seek products and services from sellers with goods of the best quality and relatively lower prices. Sellers seek the highest prices for selling the least amount of goods. Sellers compete for customers but would much rather be the only seller in the marketplace or market space. Furthermore, consumers want more for themselves and less for other consumers. This depiction of market behavior is normal and may seem chaotic to some who view the...

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The Marxian Doctrine of “Ideology”

2023-07-29

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2023-07-29

Even Marx must dimly recognize that not "material productive forces," not even "classes," act in the real world, but only individual consciousness and individual choice. Even in the Marxian analysis, each class, or the individuals within it, must become conscious of its "true" class interests in order to act upon pursuing or achieving them. To Marx, each individual's thinking, his values and theories, are all...

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Everything You Need to Know About FedNow

2023-07-28

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2023-07-28

David Brady Jr. discusses his recent article at Mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC. Even so, there are dangers from FedNOW, such as exacerbating bank runs. David also explains the new Mises Apprenticeship program, of which he is a member. David's Article on Mises.org: Mises.org/HAP406a George Selgin Cato Article on FedNow: Mises.org/HAP406b Everything You Need to Know...

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Economic Prosperity

2023-07-28

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2023-07-28

Download the slides from this lecture at Mises.org/MU23_PPT_38. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Economic Prosperity | Shawn Ritenour Video of Economic Prosperity | Shawn Ritenour

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The Government Wants to Turn Blockchain Firms into Servants of the State

2023-07-28

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2023-07-28

In recent years, blockchain surveillance (BS) companies have become increasingly important players in the cryptocurrency industry. Their business model consists in developing proprietary software that collects and interprets public data available on public blockchains and in selling their services to governments, banks, exchanges, and others that need access to this data. Usually, governments are interested in collecting information about financial...

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Energy Economics

2023-07-28

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2023-07-28

Some principles for understanding environmental issues. Can government steer energy use decisions to improve outcomes? Download the slides from this lecture at Mises.org/MU23_PPT_37. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Energy Economics | Timothy D. Terrell Video of Energy Economics | Timothy D. Terrell

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Mises U Students Interview Some of Their Favorite Faculty Members

2023-07-28

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2023-07-28

This year during Mises University, we want to share the perspective of students in the program. The following are YouTube shorts from some of this year's Mises Apprentices, interviewing some of their favorite faculty members. [embedded content] [embedded content] [embedded content] Mises University is going on the entire week. You can watch live from home at mises.org/live.The Best Week of the Year is only possible due to the generosity of our...

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What Marxists Say about “Market Socialism”

2023-07-28

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2023-07-28

After the collapse of socialism in the Soviet Union, many socialists, reluctant to abandon their socialist convictions, shifted to a belief in “market socialism.” The great Marxist philosopher G.A. Cohen was not among them, and in this week’s column, I’d like to examine what he says about market socialism in his essay “The Future of a Disillusion,” published in the New Left Review (November–December 1991). Cohen acknowledges that socialists were...

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Economic Inequality

2023-07-28

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2023-07-28

Inequality is a good thing in the free market. Economic equality is a disastrous government policy that leads to economic ruin for all—including the poor and workers. Download the slides from this lecture at Mises.org/MU23_PPT_36. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Economic Inequality | Mark Thornton Video of Economic Inequality | Mark Thornton

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Firms, Managers, and Entrepreneurship

2023-07-28

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2023-07-28

Experienced entrepreneurs are Austrians. Download the slides from this lecture at Mises.org/MU23_PPT_35. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Firms, Managers, and Entrepreneurship | Per Bylund Video of Firms, Managers, and Entrepreneurship | Per Bylund

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Higher Education in Crisis

2023-07-28

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2023-07-28

Ineffective teaching, the enrollment cliff, stifled academic discourse, and government driving up tuition. Download the slides from this lecture at Mises.org/MU23_PPT_34. Recorded at the Mises Institute in Auburn, Alabama, on 28 July 2023. Higher Education in Crisis | Timothy D. Terrell Video of Higher Education in Crisis | Timothy D. Terrell

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