Category Archive: 6b) Austrian Economics

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Real Progress versus the Progressives

2023-08-03

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2023-08-03

Depending on one’s perspective, technology can be viewed as either an opportunity or a threat. Some people celebrate technical advances while others show disdain. Entrepreneurs are frequently eager to capitalize on the potential advantages of new technologies, but where entrepreneurs see room for dynamism, naysayers see doom. In this story, entrepreneurs are akin to wizards who use the magic of technology to improve the world, and naysayers are...

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On the American Pravda

2023-08-03

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2023-08-03

Michael and guest co-host Ben Ahdoot talk with Ron Unz about RFK, Jr., Ron's American Prava series, the Unz Review, the Great Reset, censorship, the origins of SARS-CoV-2, and more. On the American Pravda Video of On the American Pravda

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Join Us for the Medical Freedom Summit!

2023-08-02

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2023-08-02

The tyrannical threat of the biomedical security state is ever present. While those that cheered for lockdowns, vaccine mandates, and the shutdown of the global economy retreat to the back pages of the news, the World Health Organization and their ilk are already gearing up for the next crisis. The covid scare may have lost its political potency, but you can be sure that "public health emergencies" will continue to be a powerful tool for...

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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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Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages

2023-08-02

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2023-08-02

In this new age of decentralized and democratized content creation, union members' demands may simply be based on wishful thinking for a bygone era. Original Article: "Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages"

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Freedom of speech and “de-banking”

2023-08-02

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2023-08-02

Threats to freedom of speech and efforts to suppress dissenting views and voices have been on the rise over the past decades. They were exponentially intensified since the ascent of social media and as the political polarisation in the West truly took hold of our societies, the powers that be have been using any and all toolsat their disposal to “defend” the interests of the establishment against those who might try to publicly question its...

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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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