Audio Mises Wire

If we were to claim independence from the modern-day royalty of the beltway, the markets will ensure better holidays in the future. Original article: https://mises.org/mises-wire/how-government-ruins-4th-july-travel

With the exception of the "covid panic" and the mandated lockdowns, etc., last week was the highest total for ongoing unemployment claims since early 2018:Original article: https://mises.org/power-market/unemployment-claims-reach-highest-2018-ex-covid

Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph. D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics. Original article: https://mises.org/mises-wire/young-rothbard-uncomfortable-neoclassical-economist

The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny. Original article: https://mises.org/mises-wire/scotus-strikes-blow-against-public-school-indoctrination-young-children

The site can also host blogs and announcements related to Austrian economics and libertarianism in the humanities. Original article: https://mises.org/power-market/new-online-resource-libertarian-literary-and-media-criticism

A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all. Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp

This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works. Original article: https://mises.org/mises-wire/entrepreneur-and-summer-blockbuster

The government argues that restoring state control protects Mexico’s resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply. Original article: https://mises.org/power-market/mexicos-energy-sector-goes-backward

For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together. Original article: https://mises.org/mises-wire/two-sixties-rock-songs-celebrate-capitalisms-greatest-creation

Western Civilization has brought great advances in culture and economics, yet no one is more relentless in trying to destroy this civilization than western intellectuals. Ricardo Duchesne lays it out in his book, Greatness and Ruin. Original article: https://mises.org/mises-wire/review-greatness-and-ruin-ricardo-duchesne

Unfortunately, President Trump has severely damaged his credibility by embroiling us in a war that is not our war. Original article: https://mises.org/power-market/president-trump-end-war-now

Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit. Original article: https://mises.org/mises-wire/political-moralizing-about-history-slavery

Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule. Original article: https://mises.org/mises-wire/fumes-failed-system-bolivias-gasoline-crisis

Regardless of your view of the current conflicts, one fact is indisputable.  President Trump’s actions violate our traditional non-interventionist foreign policy. Original article: https://mises.org/mises-wire/president-trumps-interventionism

Contrary to the expectation of the Luddites, we have only become wealthier than before and workers today enjoy much higher standards of living than workers in the past. Original article: https://mises.org/power-market/what-modern-luddites-miss-technology-makes-us-wealthier

There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation. Original article: https://mises.org/mises-wire/there-no-disinflation

No one seems concerned about the constant devaluation of the dollar. They blame high prices on whoever is president or corporate greed. Original article: https://mises.org/power-market/silver-price-shows-what-government-has-done-our-money

America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms. Original article: https://mises.org/mises-wire/american-miracle-was-european-miracle-steroids

Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation. Original article: https://mises.org/mises-wire/japans-price-inflation-rises-its-central-bank-has-fewer-options

Mainstream economics is deterministic, holding that economic actors continue to move in one directions, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action. Original article: https://mises.org/mises-wire/purpose-production-and-economy-criticism-pronatalist-economics

Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending. Original article: https://mises.org/mises-wire/trump-suffers-libertarian-derangement-syndrome

Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these. Original article: https://mises.org/mises-wire/why-doge-failed

Economic sanctions, as a general principle, have a history of failure in the 20th and 21st centuries, which penalize everyday citizens in the sanctioned country. Original article: https://mises.org/mises-wire/economic-sanctions-adrenaline

With the Iran bombing, the US Government is once again embarking on yet another act of war in support of the US empire. The eternal quest to expand the empire will not end well for Americans. Opposing the government‘s wars is a worthy endeavor. Original article: https://mises.org/mises-wire/opposing-americas-imperialistic-wars-fight-worth-joining

As US debt soars and foreign central banks stockpile gold, members of Congress introduce a bill to require a comprehensive audit of America’s gold reserves. Original article: https://mises.org/power-market/members-congress-introduce-comprehensive-us-gold-audit-legislation