Category Archive: 6b.) Mises.org

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Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics

2023-05-15

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2023-05-15

In the summer of 2020, the Smithsonian Institution created a chart meant to condemn what it calls “whiteness,” and it listed a number of characteristics it claimed were essential to “white culture.” Among the so-called characteristics it described in pejorative terms was delaying gratification, or saving for the future, what Austrian economists would call low time preference. The chart, which was withdrawn after widespread protest, sought to...

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Due Process or Transgender Protection on Campus?

2023-05-15

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2023-05-15

President Biden's executive order to promote transgenderism on college campuses eviscerates long-held due process protections for accused students. This will not end well. Original Article: "Due Process or Transgender Protection on Campus?"

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Did the US Steal Cherokee Land?

2023-05-15

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2023-05-15

In a recent lecture on her new book, Redressing Historical Injustice: Self-Ownership, Property Rights and Economic Equality, Wanjiru Njoya challenged current calls among some indigenous groups for “land justice” to redress the alleged historical injustices of European colonization. Drawing from Murray N. Rothbard’s book The Ethics of Liberty, Njoya outlined a set of guideposts for determining the actual justice of such claims with reference to...

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Canada’s Housing Boom Was a Bubble. Now Comes the Bust

2023-05-14

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2023-05-14

Like the USA, Canada has had a central bank–fueled housing boom. Like all other booms, it also has an inevitable ending. Original Article: "Canada’s Housing Boom Was a Bubble. Now Comes the Bust"

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Neither Red nor Blue, but Free

2023-05-13

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2023-05-13

The real issue we face is not whether we should be in the red tribe or the blue tribe, but rather what will be the constituency for freedom. Original Article: "Neither Red nor Blue, but Free"

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Rothbard Was Right: Wars Don’t Enhance Freedom. They Destroy Liberty.

2023-05-13

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2023-05-13

We hear ad nauseum from political and media elites that the war in Ukraine is about preserving "our freedoms." Murray Rothbard had something to say about this sophistry. Original Article: "Rothbard Was Right: Wars Don't Enhance Freedom. They Destroy Liberty."

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Expecting Rate Cuts

2023-05-13

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2023-05-13

After a long series of rate hikes, Fed officials and asset markets are expecting a long series of interest rate cuts. This is based on the tried and hue Phillips Curve analysis. In color theory, "hue" is the technical appearance of color that can be described mechanically as a number. Let's hope interest rate expectations are not being distorted by other factors of reality, and that current Phillips Curve model perceptions of hue are also...

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The Brutality of Slavery

2023-05-13

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2023-05-13

[This article is excerpted from Conceived in Liberty, volume 1, chapter 6, "The Social Structure of Virginia: Bondservants and Slaves". An MP3 audio file of this article, narrated by Floy Lilley, is available for download.] Until the 1670s, the bulk of forced labor in Virginia was indentured service (largely white, but some Negro); Negro slavery was negligible. In 1683 there were 12,000 indentured servants in Virginia and only 3,000...

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The US Followed a Policy of Foreign Intervention Long before World War II

2023-05-13

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2023-05-13

In history classes (in public or private schools, colleges, and others), state propaganda, and mainstream history, a historical fiction has been spun that allegedly debunks any notion of noninterventionism. This is the myth of American isolationism. The assertion usually goes that America was extremely isolationist prior to World War I and had no interest in involving itself in unnecessary warfare. After the Zimmermann telegram was sent, America...

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In the Event of an Official US Bankruptcy

2023-05-12

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2023-05-12

The current known federal debt is $31.7 trillion according to the web site, US Debt Clock, which is about $94,726 for every man, woman, and child who are citizens as of April 24, 2023. Can you write a check right now made payable to the United States Treasury for the known share of the federal debt of each member of your family after liquidating the assets you own? A report released by the St. Louis Federal Reserve Branch on March 6, 2023, stated a...

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ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy

2023-05-12

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2023-05-12

In their attempts to remake the economy, progressive elites are pushing ESG. What they forget is that the economy runs on real things, not ideology. Original Article: "ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy"

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Practice Makes Parfit

2023-05-12

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2023-05-12

Parfit: A Philosopher and His Mission to Save Moralityby David EdmondsPrinceton, 2023; xx + 380 pp. The British philosopher Derek Parfit ranks as one of the most influential moral philosophers of the past century. But as David Edmonds says in his outstanding biography of him, Parfit was a “philosopher’s philosopher” who did not write for the general public. Edmonds, who has a gift for explaining difficult ideas simply, has made Parfit’s ideas...

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Does the Inverted Yield Curve Signal a Coming Recession?

2023-05-12

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2023-05-12

Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession. Dr. Cwik's dissertation on inverted yield curves and economic downturns: Mises.org/HAP395a Bob on the link between inverted yield curves and recessions: Mises.org/HAP395b Bob's Understanding Money Mechanics: Mises.org/Mechanics [embedded content]

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Prices, Food, Employment: AI and Robotics Are for Regular Folks, Not Just the Elite

2023-05-12

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2023-05-12

While politicians, media mavens, and the academic elite spread fear about artificial intelligence, AI is helping make life better for ordinary consumers. Original Article: "Prices, Food, Employment: AI and Robotics Are for Regular Folks, Not Just the Elite"

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Taxing Capital Leads to Capital Consumption

2023-05-12

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2023-05-12

The Misesian tradition provides essential insights into the nature of capital. From Frédéric Bastiat to Murray N. Rothbard, Austrian capital theory excels. Bastiat illustrated gains from capital by giving us the anecdote of the neighbor who wanted to borrow a timber planer. Rothbard gave us the examples of royalties in the extractive industry to illustrate capital consumption. The list goes on. Often, capital’s exceptional output is because it...

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Price Inflation Growth Slowed Slightly in April. Now Wall Street Will Demand More Easy Money.

2023-05-12

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2023-05-12

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming in at the lowest year-over-year increase in twenty-four months. According to the BLS, Consumer Price Index (CPI) inflation rose 4.9 percent year over year in April before seasonal adjustment. That’s down from March’s year-over-year increase of 5.0 percent, and...

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Should Local Municipalities Default on Their Debts? Seems Like a Good Idea

2023-05-11

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2023-05-11

While most free market advocates are fixated on the national debt, they also should be looking at municipal debt over which taxpayers have no say. Maybe default is the answer. Original Article: "Should Local Municipalities Default on Their Debts? Seems Like a Good Idea"

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The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression

2023-05-11

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2023-05-11

Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. March'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 for five months in a row. The...

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Finance Discovers Sting: “How Fragile We Are”

2023-05-11

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2023-05-11

An ongoing debate concerns the plunge in the four-week Treasury note yield in relation to the three-month Treasury yield. At least one tweeter claims it’s all about the coming debt ceiling showdown with the difference in rates (3.145 percent versus 5.070 percent) reflecting the risk of having liquidity tied up within three months as the debt ceiling exercise is run through DC sausage making. On the other side is Eurodollar University’s Jeffrey...

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The Ukraine War Isn’t about Democracy. It’s about States Seeking More Power.

2023-05-11

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2023-05-11

The fight between Russia and NATO is not about "democracy versus authoritarianism." Rather both the US and Russian states are doubling down because they are doing what states do: seeking power. Original Article: "The Ukraine War Isn't about Democracy. It's about States Seeking More Power."

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