Audio Mises Wire

The famed "Custer's Last Stand" at the hands of Native Americans defending their villages is a reminder of the brutality of the US war against the Plains Indians. History tells us that the "heroic" George Armstrong Custer was really the "reckless" Custer who died underestimating his foe. Original article: https://mises.org/mises-wire/little-bighorn-anniversary-remember-custers-crimes

The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway. Original article: https://mises.org/mises-wire/intellectual-property-versus-unrealized

Democratic Socialists are winning election after election and will have a number of representatives in Congress. What will happen to our society as they continue to gain power? The answers are not encouraging. Original article: https://mises.org/mises-wire/democratic-socialists-one-vote-one-time

Long before modern economics, the Greek philosophers were laying the groundwork for understanding human cooperation in a social setting, helping to give birth to economic thinking. Original article: https://mises.org/mises-wire/how-greek-merchants-and-philosophers-discovered-economics

Murray N. Rothbard was a system builder in the mode of Ludwig von Mises, Frank H. Knight, and F. A. Hayek. Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty. Original article in The Misesian: https://mises.org/misesian/murray-n-rothbard-toward-science-liberty

The intellectual path from Ancient Greece to modernity is littered with the path of numerous philosophers, movements, and events, both peaceful and violent that have shaped thinking throughout the ages. Original article: https://mises.org/mises-wire/scholasticism-enlightenment-liberalism

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight. Original article: https://mises.org/mises-wire/lies-damn-lies-and-history-capitalism

On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see: that Greenspan replaced economic theory with intuition, replaced analysis with data-worship, and called his guesswork a science. Original article: https://mises.org/mises-daily/greenspans-empty-talk

Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy. Original article: https://mises.org/power-market/alan-greenspan-dies-100

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic. Original article: https://mises.org/mises-wire/sixth-republic

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football. Original article: https://mises.org/mises-wire/why-you-shouldnt-trust-bureaucrats

Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored. Original article: https://mises.org/power-market/why-stable-systems-fail-illusion-institutional-control

As technology advances, progressives believe that this time, all of their social engineering and attempts to establish socialism will finally come to fruition. They are in for a rude surprise. Original article: https://mises.org/mises-wire/institutional-closure-why-managed-directivism-breeds-its-own-collapse

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion? Original article: https://mises.org/mises-wire/why-us-president-loves-inflation

While China’s economy has boomed, many people wrongly associate that success with the Chinese government’s industrial policies. Intervention has created many problems there—just as it has done elsewhere. Original article: https://mises.org/mises-wire/chinas-industrial-policy-ambition-inefficiency-and-cautionary-tale-america

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783. Original article: https://mises.org/mises-wire/american-revolution-and-danger-standing-armies

While Graham Platner has become controversial because of his reckless past and violent behavior, the real objection to his being elected a US Senator should be to his reckless socialist proposals that would have disastrous consequences. Original article: https://mises.org/mises-wire/oppose-graham-platner-his-socialism-not-just-his-outrageous-behavior

Names for historical periods like "Renaissance" and "Enlightenment" did not descend to us out of the heavens. Historians and propagandists of centuries past created these names, often for political purposes.  Original article: https://mises.org/mises-wire/middle-ages-enlightenment-and-propaganda

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability. Original article: https://mises.org/mises-wire/bond-market-sell-welcome-titanic-effect

Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than business as usual.  Original article: https://mises.org/power-market/fed-holds-interest-rate-steady-and-warsh-buys-time-new-task-force-scheme

Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May. Original article: https://mises.org/mises-wire/real-wages-fell-second-month-price-inflation-surged

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice. Original article: https://mises.org/mises-wire/why-justice-mattered-rothbard

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy. Original article: https://mises.org/mises-wire/raising-interest-rates-does-not-counter-inflation

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down. Original article: https://mises.org/mises-wire/fear-signal-why-state-urgently-wants-bind-prediction-markets

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI's excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money.  Original article: https://mises.org/mises-wire/sound-money-artificial-intelligence-and-pope