Audio Mises Wire

Nobel Prize winner Daron Acemoglu writes that western colonialism of African countries has permanently fixed their institutional direction. This ignores what we know about the history of these nations. Original article: https://mises.org/mises-wire/do-institutions-matter-taking-another-look-claims-daron-acemoglu

Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation. Original article: https://mises.org/mises-wire/you-are-collateral-forty-three-cents-dollar

The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems. Original article: https://mises.org/mises-wire/chinas-economic-miracle-has-run-out-road

Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness. Original article: https://mises.org/mises-wire/tragic-path-new-keynesianism

A conservatism that does not recognize the efficacy of natural law is no conservatism at all. Original article: https://mises.org/mises-wire/natural-law-principles-conservative-tradition

Despite the real damage the Trump administration is doing to the economy, its cheerleaders in the Cabinet continue to insist all is well. This is beyond wishful thinking. Original article: https://mises.org/mises-wire/whistling-past-graveyard

There is a simple way for housing markets to adjust to the new realities of higher interest rates. Prices need to come down. That's how markets are supposed to work.  Original article: https://mises.org/mises-wire/home-sales-high-interest-rates-are-not-problem-high-prices-are

Many socialists define socialism by their ideal goals rather than the process—the expansion of the taking mechanism of the coercive state. Original article: https://mises.org/mises-wire/socialism-me-definition-wishful-thinking

Contrary to propaganda from unions and the maritime industry, the Jones Act creates hardships and is helping to drag down the US economy. The only proper outcome is to repeal it immediately. Original article: https://mises.org/mises-wire/repeal-jones-act

Lew Rockwell revisits Justin Raimondo's great biography of Murray Rothbard.  Original article: https://mises.org/mises-wire/still-states-greatest-enemy

For more than a century, the Supreme Court has tried to interpret equality before the law in different and conflicting ways. While the law can divide people, it cannot be the source of bringing them together. Original article: https://mises.org/mises-wire/equality-law-does-not-mean-equality-subjective-feelings

“Libertarian Realism” in foreign policy is based upon the interests of those who actually make policy decisions, as opposed to discussing abstract ideals of a false “national interest.” Original article: https://mises.org/mises-wire/libertarian-realism-foreign-policy

Government agents claim they are protecting us from enemies, foreign and domestic. If that is the case, then the best thing these agents can do would be to liquidate the government itself. Original article: https://mises.org/mises-wire/government-should-liquidate-itself

There is no "trust fund" or contract. Social security is nothing more than a scheme to take money from current wage earners and hand it over to others. It is functionally a welfare program.  Original article: https://mises.org/mises-wire/social-security-just-transfer-payment-workers-retirees

Socialism's failures are well-known, but true believers abound that insist that this time we can make it work. The question is why anyone still believes in it at all. Original article: https://mises.org/mises-wire/why-does-anyone-still-take-socialism-seriously

If we’ve been at war with Iran for 47 years, Ronald Reagan was a coward and a traitor. To be consistent, mainstream national conservatives using such language about Iran ought to condemn one of their heroes; otherwise, they don’t believe their own rhetoric. Original article: https://mises.org/mises-wire/conservatives-was-ronald-reagan-coward-and-traitor

Norway’s new monarch may prove to be an effective leader, but we are reminded that his hereditary privilege is being financially supported by involuntary taxes. Original article: https://mises.org/mises-wire/modern-monarchy-state-privilege-not-private-property

While he was living, Murray Rothbard saw issues of war and peace as being fundamental to a free society. Nothing has changed since he made that declaration. Original article: https://mises.org/mises-wire/continuing-relevance-rothbards-foreign-policy

J. D. Vance raised a few eyebrows invoking Huey Long as a populist. The problem is that the populist from people like Long and Bernie Sanders is that it is based on confiscation and destruction of wealth and property. Murray Rothbard proposed a real populism. Original article: https://mises.org/mises-wire/every-man-slave-huey-long-model-wrong-kind-populism

One of the most important and aspects of Murray Rothbard's work on the American Revolution is his framing of the Constitutional Convention as a counterrevolution against the radicalism of the 1770s. Original article: https://mises.org/mises-wire/1787-constitution-counterrevolution-americas-thermidorian-reaction

The 1857 Dred Scott case remains one of the most controversial Supreme Court decision in US History. However, overlooked is the fact that it elevated federal sovereignty above sovereignty of the states. Original article: https://mises.org/mises-wire/how-conflicting-interpretations-dred-scott-undermine-state-sovereignty

As state control over forests and brushlands continues apace both in Spain and the US, the dangers of wildfires grow worse. Environmentalists, naturally, blame capitalism. Original article: https://mises.org/mises-wire/wildfires-and-collectivism-why-they-are-related

Our economic future desperately depends upon entrepreneurs being free to act. Unfortunately, our ruling classes seem to prefer economic chaos. Original article: https://mises.org/mises-wire/prosperity-will-return-only-when-entrepreneurs-are-free-act-economic-uncertainty

Mainstream economics does a disservice when students are taught that money is a medium of exchange, a store of value, and a unit of account without explaining why and how money came to function in those categories. Original article: https://mises.org/mises-wire/mainstream-economics-money-medium-exchange-unit-account-and-store-value

The California Energy Commission is mandating that starting in 2029, California drivers must purchase environmentally approved tires that are less safe than current tires. The results are predictable: higher costs for drivers and more fatal accidents. Original article: https://mises.org/mises-wire/californias-new-tire-rule-will-result-higher-costs-and-more-highway-deaths