Category Archive: 6b.) Mises.org

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Should the US Congress Audit the Federal Reserve?

2024-03-14

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2024-03-14

The Federal Reserve system, including its twelve regional district banks that issue our US currency, is a creature of Congress, which passed the Federal Reserve Act in 1913 to create our central bank. The Fed is neither part of the executive branch of the federal government, nor is it an independent federal agency within the government, although members of the Fed's Board of Governors are appointed by the Presidential and confirmed by Congress.The...

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Covid: Four Years Later

2024-03-14

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2024-03-14

On this week's Radio Rothbard, Ryan McMaken and Tho Bishop reflect on the fourth anniversary of the political response to covid and discuss if any meaningful lessons were learned, could something similar could happen again, and why it is right to still be furious with the tyranny American's experienced from a variety of fronts.Discussed on the Show "Covid Showed Us Who Really Rules America" by Ryan McMaken:...

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Top 5 Most Bizarre Moments of Covid: A Student’s Recollection

2024-03-14

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2024-03-14

In recognition of the fourth anniversary of the US government's response to covid, a Mises Apprentice shares their experience as a student during this tumultuous time, highlighting five dates they will never forget.5.) April 2022: “Despite the University’s policy to relax mask mandates and no longer require masks, we will have an open vote in our class next week if we will all ‘commit’ ourselves to continue mask requirements during this course.” I...

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Critical Race Theory and the Courts: Judicial Injustice

2024-03-13

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2024-03-13

In her dissenting opinion in the Supreme Court affirmative action case, Justice Ketanji Jackson began by announcing that “gulf-sized race-based gaps exist with respect to the health, wealth, and well-being of American citizens.”

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American Policies Only Make Haiti Worse

2024-03-13

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2024-03-13

Since the end of the Cold War, the US has overthrown Haiti’s government three times. In 1991 to remove President Jean-Bertrand Aristide from power. In 1994 to put Aristide back in. In 2004 to remove Jean-Bertrand Aristide again, followed by an invasion of Marines.

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Banning TikTok Will Not Make Americans Safer

2024-03-13

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2024-03-13

On Wednesday, the House is set to vote on a bill introduced by Rep. Mike Gallagher (R-WI) that would ban or force the sale of the social video-sharing app TikTok. The bill is based on concerns that the Chinese Communist Party effectively controls ByteDance, the app's parent company. Last Friday, President Joe Biden endorsed the legislation and promised to sign it into law if Congress passes it.

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Biden Juiced Up, Ready To Go

2024-03-13

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2024-03-13

Maybe he was born with it; maybe it’s amphetamine.  Iconic Maybelline slogan aside, the consensus is that Dark Brandon was doped nicely for his State of the Union address.We have been seeing signs that old Joe is medically prepped for major public appearances.  His shrill voice and barely suppressed rage is familiar to many of us who have elderly demented friends and relatives.  The man is suffering, no doubt.

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The Misery Index Shows Bidenomics is Failing

2024-03-13

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2024-03-13

One of the most dangerous things that a government can do is present a glossy picture of the economy at a time when families and small businesses are suffering. Governments are always optimistic, but sending euphoric messages tends to backfire, especially when the situation for the middle class is complicated.In the United States, the Biden administration’s message of “the strongest economy in decades” is not just an exaggeration; it may anger...

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The Welfare State Prolongs Recessions

2024-03-12

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2024-03-12

Many economic pundits predict that the United States and much of the world is either in a recession or about to enter one, depending upon one’s definition of the term “recession.” This brief essay is not intended to be a comprehensive explanation of what causes such economic cycles but rather the proper way to end them as quickly as possible.

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Biden’s “Nighttime in America” State of the Union

2024-03-12

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2024-03-12

Last week President Biden delivered a dark and angry speech meant to convince the low percentage of Americans who still feel positive about his presidency that everything is fine and will only get better if he is re-elected for a second term.Unfortunately we have come a long way from the optimism of a Ronald Reagan, who won a second term partially on the popularity of his “Morning in America” campaign commercials.

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Roland Fryer’s Battle Against the Woke Left

2024-03-12

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2024-03-12

Leftwing academics claim that blacks in America are oppressed. They call for reparations and affirmative action programs to help them. But these people are hypocrites and liars. How do we know this? When a black person doesn’t share their views, they act ruthlessly.

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No Such Thing as a Neutral Fed

2024-03-12

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2024-03-12

If one follows news relating to the economy, they surely have come across certain mainstream rhetoric in support of the Federal Reserve System. Everyone is familiar with the typical claims that the Federal Reserve strives for maximized employment and low inflation, and that the Fed is the regulator of the banking industry.

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Clarifying Scarcity: The Garden of Eden

2024-03-11

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2024-03-11

One of the first laws of economics—in fact, the condition that makes economics possible and necessary—is scarcity. On page one of Basic Economics, Thomas Sowell wrote, “Without scarcity, there is no need to economize—and therefore no economics.”While defining scarcity and its critical role in economics, I like to ask my students in a Christian school a question to tease this out: Would scarcity have existed in the Garden of Eden?

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The Folly of Rent Control in New York City (Again)

2024-03-11

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2024-03-11

One would guess the folly of rent control regulations needn’t be explained any further. If rents are held in place by government edict, landlords have no incentive to maintain apartment units to attract renters, the housing stock ultimately deteriorates, and homelessness increases.

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Separating Information from Disinformation: Threats from the AI Revolution

2024-03-11

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2024-03-11

Artificial intelligence (AI) cannot distinguish fact from fiction. It also isn’t creative or can create novel content but repeats, repackages, and reformulates what has already been said (but perhaps in new ways).I am sure someone will disagree with the latter, perhaps pointing to the fact that AI can clearly generate, for example, new songs and lyrics.

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Junk fees, Shrinkflation, Surge Pricing and Other Legal Price-setting Strategies: Price Controls by Another Name

2024-03-11

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2024-03-11

President Biden needs an economics lesson. Demonstrating his ignorance of economics, his recent State of the Union speech regaled us with a laundry list of legal business pricing strategies that he wants to see restricted or banned by federal agencies such as the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). 

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Why American Foreign Policy Fails

2024-03-10

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2024-03-10

One thing to be said in favor of the American conservative establishment is the fact that they at least pay lip service to the idea of a free market. They have also memorized the typical talking points in its defense, including the greater prosperity it provides, the morality of private property, and the impossibility of successful central planning.

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Free Trade

2024-03-09

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2024-03-09

In this week's episode, Mark examines Ludwig von Mises's important contributions to free trade theory. Free trade is more important than people think, and most government intervention is protectionist—or aids the promoters of protectionism.

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Golden Opportunities Ahead

2024-03-09

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2024-03-09

In this week's episode, Mark looks at the opportunities ahead of us for significant reforms and dismantling the State. Increasingly, more people realize that the government has been lying to them and working against their interests. Many also realize that Austrian economists, in contrast with Mainstream economists, have been presenting the true picture of the State. The political landscape has already shifted—and continues to shift—beneath the...

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Free Markets and the Antidiscrimination Principle

2024-03-09

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2024-03-09

If we understand human rights as rights derived from the concept of self-ownership, it becomes clear that there is no such right as the right not to be discriminated against. I have a right to speak but no right to force others to listen to me or to “amplify” my voice. I am at liberty to go about my lawful business, but I have no right to force others to watch me or recognize me, much less to demand that anyone should take action to make me “feel...

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