Audio Mises Wire

Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves. Original Article: " Even in Slave Economies, the Division of Labor Was Inescapable"

Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers.  Original Article: "A Higher Minimum Wage Won't Improve Life in Pennsylvania"

In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right. Original Article: " They Didn't Listen: The Reality of Hayek’s Bestseller"

While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse. Original Article: " FedNow Isn't a CBDC, but It Is Dangerous"

Rothbard on the American Revolution: "There was no particular need for the formal trappings and permanent investing of a centralized government, even for victory in war." Original Article: "The American Revolutionaries Didn't Need a Central Government. Neither Do We."

The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital  methods. Modern tech now makes the job a lot easier.  Original Article: " How East Germany's Stasi Perfected Mass Surveillance"

Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress. Original Article: "Can Fractional Reserve Banking Survive the Twenty-First Century?"

While Americans believe the First Amendment protects their speech, the US government and mainstream media have joined together to suppress speech that does not coincide with government policies. Original Article: "Censorship through the Centuries: Free Speech Suppression by the Government and the Mainstream Media"

The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill. Original Article: " The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway."

The Christian nationalist state is one in which civil rulers—for a time—regard the Church as a convenient ally. Once this comes to an end, however, the "Christian" state transforms into a state hostile to those it was once designed to protect. Original Article: "The Dead End of Catholic Nationalism"

By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood. Original Article: Taking Back the Meaning of "Inflation "

The fall of the Pac-12 is an unfortunate end to a proud collegiate institution. But its death isn’t the fault of uncurable greed but of the conference’s own inability to be competitive in the game. Original Article: " "Greed" Didn't Kill the Pac-12. Entrepreneurial Failure Did"

In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value. Original Article: " How People Determine the Value of a Good"

The usual answer is that secondhand smoke is bad. But if value is subjective, perhaps secondhand smoke also can be seen as a public good. Original Article: "Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated"

In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result. Original Article: "Cultural Change Is Necessary for Capital Development"

Professor Quinn Slobodian believes that free markets must lead to tyrannical worker exploitation, and socialism is the only solution. In truth, market competition is the answer.  Original Article: "Cracked-Up Slobodian"

President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well. Original Article: "Bidenomics Is Yet Another Version of Failed Industrial Policy"

When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham.  Original Article: "The Debt Ceiling Debate Was Pure Theater"

Socialists and communists claim to support the rights of "indigenous" peoples. However, that support rings hollow given how the USSR abused the native peoples of Siberia, all while American socialists and communists uncritically supported the Soviet Union. Original Article: "The Soviet Abuse of Indigenous Peoples"

Pennsylvania legislators don't claim to be putting people out of work or killing job opportunities. They claim they just want workers to earn more pay. Original Article: " Pennsylvania Legislators Want Higher Unemployment, Government Dependency, and Crime"

Some residents of St. Louis, fed up with the nonprotection from the city's police, have hired private security to deal with the problem. The egalitarian Left, of course, doesn't like that. Original Article: " Egalitarianism as a Revolt against Safety"

The use of interstate compacts by US states shows that the states don't need the federal government to dictate or manage interstate relations.  Original Article: "States Can Curb Federal Power through "Soft Secession""

Trump is essentially being prosecuted for questioning the outcome of an election, and federal paranoia about protecting its own aura of legitimacy is entering a new highly aggressive phase.  Original Article: " The United States vs. Donald J. Trump "

Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation. Original Article: "Shrinkflation and Skimpflation Are Eating Our Lunch"

David Gordon take a critical look at Markus Gabriel's Moral Progress in Dark Times, and although he finds parts that are disturbing, he also discovers important areas of agreement. Original Article: " Outside the Universe?"