Audio Mises Wire

Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.  Original Article: Low Time Preference Leads to Civilization    

Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism. Original Article: Why the West Is Giving Up on Individual Rights    

Unsurprisingly, Javier Milei’s free-market and antistate initiatives face opposition in Argentina. Whether he is successful depends on his being able to politically outlast his collectivist opposition. Original Article: Javier Milei vs. the Status Quo    

The New York Times recently characterized House Republicans that voted to extend government domestic spying and continue to fund wars in the Middle East and Ukraine as “the adults in the room.” This is ironic, as real adults would not spend the country into oblivion.  Original Article: Cowardice, Not Courage, Led House Republicans to Side with the Democrats    

People often stubbornly hold to false beliefs, one of them being that government regulation of driving prevents chaos. However, the opposite seems to be true: government involvement in anything, including driving a car, creates the chaos we claim we want to avoid. Original Article: Privatize Driver’s Licenses    

A common knock on libertarianism is that it is so individualistic that it rejects the concept of community. (Think of the political cartoon in which the libertarian lifeguard let people drown.) In truth, strong communities also need free individuals. Original Article: Does Libertarianism Reject Communities? Libertarianism Actually Strengthens Them    

While conservatives and followers of Austrian economics often have much in common, many conservatives are against free trade and free exchange. Austrians need to carefully explain why those beliefs are harmful. Original Article: Conservatives Are Wrong on Economics. Here’s How to Fix the Problem.    

The only answer lies in eviscerating their budgets, abolishing their enabling legislation, and encouraging aggressive lawfare against the regime in retribution for these agencies' many crimes. Original Article: The FBI and CIA Are Enemies of the American People    

Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.  Original Article: Biden Perpetuates Washington’s Idiotic Steel Trade Policies    

Feminist theorist Judith Butler is calling for mandatory education to confront children with modern gender theory. As David Gordon points out, she wants to use coercion to force people to accept her theories. Original Article: Butler, Butt Out!    

Robert Nozick’s Anarchy, State and Utopia turns fifty this year, and this libertarian classic has stood the test of time. Original Article: Anarchy, State and Utopia: Robustly against Redistributive Taxation for 50 Years    

Great Britain are shifting back toward railway nationalization. Of course, the vaunted railway privatization of the 1990s wasn’t real privatization at all.  Original Article: The UK Is Reverting to Railway Socialism    

While chattel slavery exists in some parts of the world, it mostly has been abolished. Perhaps we should do the same thing to the state. Original Article: We Need to Do with the State What We Have Done to Slavery    

People have come to believe that only the state is morally qualified to create and maintain a system of justice. However, given that the state itself acts unjustly, perhaps it is time to look outside of the state. Original Article: Can There Be Justice Outside of the State? Yes    

Libertarianism is criticized on all sides, but a new criticism has emerged that claims libertarianism is little more than another form of critical theory. Like the other complaints, this one is based on fallacious thinking. Original Article: Is Libertarianism Just Another Form of Critical Theory?    

The academic world is supposed to serve as a beacon of enlightenment. Instead, as Wanjiru Njoya demonstrates, it promotes a failed liberalism. Original Article: Wokism, Marxism and the Failures of Academic “Liberalism”    

For the past fifty years, Nigeria’s government has required young people to “serve” for a year under the National Youth Service Corp. This more resembles slavery than service. Original Article: The Nigerian People vs. NYSC Decree No. 24 of 1973: An Austro-libertarian Review    

California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble if it has ties to the governor. Original Article: California’s Crony Capitalist Minimum Wage Law    

As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today. Original Article: Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates    

As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today. Original Article: Artificial Intelligence and Irrational Fears    

In less than a century, Argentina went from being one of the world’s wealthiest nations to one that struggles with poverty and massive inflation. Human Action provides lasting wisdom to improve life in that country. Original Article: How Statism Destroyed Argentina    

As Murray Rothbard noted, reason is a powerful tool to help us discern how to thrive in our world. Government, through propaganda and interference with education, seeks to stifle reason and replace it with obedience to the state. Original Article: Murray Rothbard Understood the Importance of Self-Ownership    

While “colorblind equality” has a better ring to it than the DEI regime, nonetheless, the concept is unworkable and actually contributes to worsening racial outcomes.  Original Article: The Hazards of "Colorblind Equality"    

Recent Iranian missile strikes on Israel in response to its earlier attack on the Iranian consulate in Syria have escalated the prospects of all-out war in the Middle East. There is an alternative to expanding the war: de-escalation. Original Article: Iran's Attack on Israel Provides an Opportunity to De-escalate    

One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse. Original Article: Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression