Category Archive: 6b) Austrian Economics

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Are Markets Tyrannical? Where Christian Conservatives Are Mistaken

2023-08-26

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2023-08-26

Christian conservatives, for the most part, are relatively receptive to free markets, or at least a generalized concept of what used to be called free enterprise. (This is as opposed to a lot of evangelical economists teaching at Christian colleges that embrace socialism in one form or another as THE Christian version of economics.) World Magazine has been on the relatively conservative side of political affairs, or at least enough so to be scorned...

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How Churchill Built the Welfare State in Britain

2023-08-26

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2023-08-26

In 1900 Churchill began the career he was evidently fated for. His background—the grandson of a duke and son of a famous Tory politician—got him into the House of Commons as a Conservative. At first he seemed to be distinguished only by his restless ambition, remarkable even in parliamentary ranks. But in 1904, he crossed the floor to the Liberals, supposedly on account of his free-trade convictions. However, Robert Rhodes James, one of Churchill's...

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Government Imposed “Competition” Harms Competition

2023-08-25

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2023-08-25

“A fair, open, and competitive marketplace has long been a cornerstone of the American economy, while excessive market concentration threatens basic economic liberties, democratic accountability, and the welfare of workers, farmers, small businesses, startups, and consumers.” These words were the opening statement of a White House executive order by Joe Biden to save economic freedom in theory by limiting it in reality through government...

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The Killing and Destruction Must Stop: It Is Time to End the Ukraine War

2023-08-25

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2023-08-25

The Ukraine war brings death and destruction with no end in sight. Instead of encouraging more fighting, Western political leaders need to face reality and find a way to end this conflict. Original Article: "The Killing and Destruction Must Stop: It Is Time to End the Ukraine War"

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Is China’s Economy Hitting a Roadbump or Quicksand?

2023-08-25

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2023-08-25

Peter St. Onge joins Bob to discuss his latest piece at Mises.org on "China's Doom Loop." They cover a wide range of topics, including the contrast in leadership between Xi Jinping and Deng Xiaoping, the dollar as global reserve currency, the Belt and Road Initiative, and Jim Rogers' prediction that the 21st century would belong to the Chinese empire. Peter's Article on China: Mises.org/HAP410a Is China's Economy...

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Marxist States Never “Wither Away” as Marx Predicted

2023-08-25

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2023-08-25

In this week’s column, I’d like to continue discussing Graham Priest’s unusual book Capitalism: Its Nature and Its Replacement. Priest uses ideas he gets from Marxism and Buddhism to criticize capitalism. Last week, I said that Priest has interesting things to say about Marxism but I avoided Buddhism. This time I won’t avoid it, because the account of human personality he gets from it is crucial to his rejection of libertarianism. Priest is an...

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The Government’s Role in the Maui Wildfire Tragedy with Connor O’Keeffe

2023-08-25

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2023-08-25

On this episode of Good Money with Tho Bishop, Connor O'Keeffe joins the show to talk about his recent work on the Mises Wire. Tho and Connor discuss the role government incompetency played in the horrific tragedy of the Maui wildfires, as well as the bankruptcy of one of America's largest trucking companies.  Join Bob Murphy, Patrick Newman, Jonathan Newman, and Murray Sabrin in November for a Mises Circle in Ft. Meyers, FL on The White House, the...

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The State Protects Itself While Crime against Ordinary People Surges

2023-08-25

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2023-08-25

The regime has increasingly been consumed with paranoia over threats to itself—propagandistically termed "threats to democracy"—while real crime against private citizens is clearly not a priority at all.  Original Article: "The State Protects Itself While Crime against Ordinary People Surges"

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China’s Maneuvering and the New Balance of Power

2023-08-25

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2023-08-25

China is taking bold actions and creating a new paradigm on the world stage. For about a decade, Beijing has been responsible for developing new trade networks; the famous Belt and Road Initiative has been analyzed extensively. Their trade networks are growing ever deeper, with new agreements to trade in renminbi as opposed to dollars. China is developing powerful alternative institutions to those of the West, such as the Shanghai Cooperation...

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How the Soviets Used Common Criminals to Destroy the Regime’s Enemies

2023-08-24

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2023-08-24

As violent crime rates rise and unsolved homicides become more common, Many ordinary voters have noticed that the regime doesn't seem especially interested in investigating and prosecuting actual dangerous criminals. At the same time, the regime appears increasingly paranoid about "antidemocratic" activities and other alleged threats to the state. Gangs of thieves cleaning out the inventory of small businesses? The ruling elite isn't...

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The Simplicity and Significance of Mutual Economic Exchange

2023-08-24

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2023-08-24

The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life. Original Article: "The Simplicity and Significance of Mutual Economic Exchange"

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The Original Oracle of Omaha: Howard Homan Buffett

2023-08-24

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2023-08-24

Warren Buffett, renowned as the “Oracle of Omaha,” emerges as a towering figure among the most celebrated and accomplished financiers in modern times. Throughout his illustrious career spanning numerous decades, he has accumulated unrivaled wealth, garnering an esteemed reputation in the financial realm. Presently, he holds the prestigious positions of chairman and CEO at Berkshire Hathaway, a conglomerate that mirrors his astute discernment of...

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The USDA’s War on Small Farms

2023-08-24

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2023-08-24

Most students in America are introduced to the writings of Upton Sinclair. While they aren’t shown his incredible cover-up of the Holodomor or his other Soviet apologisms, they are presented with his most famous work: The Jungle. This work tells the tale of Sinclair’s investigation into the wretched working conditions of the meat-packers of its age. Between lost limbs and failed inspections, Sinclair writes about the meat being contaminated and...

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Regime Paranoia and the Crackdown on Dissent

2023-08-24

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2023-08-24

Ryan and Tho examine how the US regime is in the midst of its latest panic over public faith in the state's legitimacy. This is why we keep hearing about misinformation, insurrection and "threats to democracy."  Recommended Reading "'Antidemocratic' Just Means 'Something the Regime Doesn't Like.'" by Ryan McMaken: Mises.org/RR_148_A "Seditious Conspiracy Is Not a Real Crime" by Ryan...

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Statism and the Unmaking of Reality

2023-08-24

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2023-08-24

Murray Rothbard wrote that egalitarianism was a war against nature. Statism has become a war against reality. Original Article: "Statism and the Unmaking of Reality"

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Why Governments Love Political “Crimes” Like Treason and Sedition

2023-08-24

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2023-08-24

The only real crimes are those that constitute violence against actual, specific persons and property. These are crimes such as theft, assault, rape, homicide, and fraud. States and civil governments of all types have long justified their existence on the grounds that they punish perpetrators of these crimes and thus provide "public safety." (The fact that states themselves often commit these crimes—i.e., through torture, police...

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Speaker Panel with Q&A

2023-08-23

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2023-08-23

Recorded in Windham, New Hampshire, on August 20, 2023. Special thanks to Joe and Tracy Matarese for making this event possible.

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2SLGBTQ+IA and the Law

2023-08-23

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2023-08-23

The activists went from "We want to be left alone to live our lives" to "we want to control your lives too." Now the movement has state power on its side and bullies all opponents.  Original Article: "2SLGBTQ+IA and the Law"

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President Biden’s SAVE College Debt Repayment Plan Puts the Motivations in the Wrong Places

2023-08-23

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2023-08-23

Imagine fathers at the little league baseball fence. The first brags, “My son is batting 200!” You should be thinking, “That’s not very good.” The second intones, “Oh yea, well my son is batting 175!” “Hold it,” you’re thinking, “this is going backwards.” And your suspicions are confirmed when the third yells out, even louder, “Here comes my son, batting 150!”  As all three dads high-five each other, you look at the name on the uniforms and it...

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Bidenomics: A Boom That Awaits an Inevitable Bust

2023-08-23

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2023-08-23

Joe Biden recently claimed on Twitter that “Bidenomics” has increased the real wages of low-income workers. A counterclaim was made through Twitter’s Community Notes that wages adjusted for inflation were actually lower at the time of Biden’s claim. But data without theory is unsatisfying, so it is worth asking if conditions of the last few years have been conducive to higher real wages, especially for lower earners. The Boom First, we need to...

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