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Category Archive: 6b) Austrian Economics

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Chapter 31: Jim Garrison, Libertarian

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

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Chapter 46: The Peace Negotiations

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

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Chapter 37: The State of the War

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

Read More »

Chapter 32: Whose Violence?

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

Read More »

Chapter 21: Abolish Slavery! — Part VII

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

Read More »

Chapter 44: Martin Luther King

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

Read More »

Chapter 18: Should There Be a Tax Hike? — Part I

2023-05-04

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2023-05-04

Starting in January of 1967, Rothbard churned out fifty-eight columns, the last one written in the summer of 1968. In those two crucial years, there was, as they say, never a dull moment. Narrated by Jim Vann.

Read More »

What the Leaked Pentagon Docs Tell Us about the Ukraine War

2023-05-03

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2023-05-03

Ryan and Zack talk about some of the details from the recently leaked Pentagon documents. They reveal dysfunctional American foreign policy and just how much contempt the US regime has for its own allies. Additional Resources "What the leaked Pentagon documents reveal — 8 key takeaways" by Paul Adams, Jean Mackenzie, and Antoinette Radford (BBC News): Mises.org/WES_10_A "Fact Sheet on U.S. Security Assistance to...

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Arbitrary Use of Power: Punishing Those Who Expose Not-So-Secret Government Secrets

2023-05-03

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2023-05-03

Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying. Original Article: "Arbitrary Use of Power: Punishing Those Who Expose Not-So-Secret Government Secrets"

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20 Years Later: Remembering the Disastrous and Failed Iraq War

2023-05-03

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2023-05-03

This spring marks the twentieth anniversary of the US invasion of Iraq in 2003. After an initial frenzy of war fever in the early years of the war, support for the war has since largely evaporated. Nearly two thirds of veterans now say the war was "not worth fighting." Two thirds of American adults say the same thing. Even among Republican veterans, only a minority say the war was worth it.  These numbers are not surprising. The US...

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Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion

2023-05-03

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2023-05-03

Previously I explained Ludwig von Mises’s descriptive philosophy of the consent of individuals as the only thing that gives value to norms and authority. Individuals interpret norms and authority as useful—whether or not they are useful in reality for individuals’ purposes of coexistence. I continue with the explanation of how group consent originates and how it sustains norms and authorities with the help of ideologies and public opinion....

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From Discipline to No Discipline: The Sorry Evolution of Modern Banking

2023-05-03

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2023-05-03

Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world. Original Article: "From Discipline to No Discipline: The Sorry Evolution of Modern Banking"

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Divide and Control: Central Bankers Blame the Victims

2023-05-03

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2023-05-03

The Central bankers of the world, apparently losing confidence that they can fix the inflation they created, are turning to Plan B: blame the people. So we fight each other. Last week the chief economist of the Bank of England, Huw Pill, said the quiet part out loud, that “British households and businesses need to accept they are poorer and stop seeking pay increases and pushing prices higher.” Note inflation in the UK is currently running...

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Does GDP Present an Accurate Picture of the Economy? Not Likely

2023-05-03

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2023-05-03

To understand the economy, most financial experts and commentators rely upon gross domestic product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a quarter or a year. This statistic is constructed with the view that consumption, not wealth production, drives an economy. Since consumer outlays are the largest part of the overall demand, it is assumed that consumer demand...

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Endangering Washington’s Divine Right to Deceive

2023-05-02

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2023-05-02

Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely. Original Article: "Endangering Washington's Divine Right to Deceive" This Audio Mises Wire is generously sponsored by Christopher Condon.

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How to Teach Austrian Economics to the Neighbor Kids

2023-05-02

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2023-05-02

A mom in the neighborhood recently made trouble. Macroeconomic trouble. Here is a way to spot such trouble, and how to help nurture the goodness in our economic way of life. A few months back her boy went door to door, confidently introducing himself, explaining his purpose, and handing us a detailed flier: “Twelve-year-old boy willing to work.” He was trying to earn money to go to sailing school. I was impressed. My wife was impressed. We told our...

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Congress Ignores Real Debt Ceiling Drama

2023-05-02

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2023-05-02

Last week the House passed legislation increasing the debt ceiling. The bill was supported by all but four Republicans. For some Republicans, this was the first time they had ever voted for a debt ceiling increase. Perhaps the reason they did so this time was because the legislation also promised to reduce federal spending by $4.5 trillion over the next decade. Most of those spending reductions are achieved by rolling back Fiscal Year spending to...

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Why Do Most Countries Have Their Own Currency? Governments Wanted It That Way.

2023-05-02

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2023-05-02

Even when currency is backed by gold, governments have many political reasons to pursue national, territorial currencies. Now there are hundreds of national currencies. It didn't have to be this way.  Original Article: "Why Do Most Countries Have Their Own Currency? Governments Wanted It That Way."

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Paying the Piper: Time to Clean Up the Latest Malinvestments

2023-05-02

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2023-05-02

The Austrian business cycle theory teaches us that low interest rates manipulated by the central bank lead to malinvestments, which are cleared when the central bank lets rates rise, reflecting a truer cost of capital. A real-time example is happening in the United States commercial office real estate market. Combine that with the government’s covid lockdowns, which forced employees to work from home. Now, employees never want to change out of...

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France on strike

2023-05-02

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2023-05-02

The roots of the injustice that brought over a million to the streets  It is the core of a long running joke that the French love to strike more than they like to work – and for good reason. Demonstrations, strikes and even riots, have been a common occurrence for decades. However, this latest round seems to be interestingly persistent, despite the fact that it’s receiving increasingly sparse media coverage.   The last time that the French...

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