Audio Mises Wire

How do we define liberty? Hayek saw it as the absence of most (but not all) coercion, but that depends upon how one defines “coercion.” Murray Rothbard believed that Hayek was too willing to accept forms of coercion that were anti-freedom. Original article: https://mises.org/mises-wire/meaning-coercion-hayekian-philosophy

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior. Original article: https://mises.org/mises-wire/can-econometric-models-fulfill-role-economic-laboratory

Original article: https://mises.org/power-market/jamaicas-beaches-and-property-rights

Long a constitutional monarchy with ties to Great Britain, many in Jamaica are looking to end the old relationship and become a republic. But is this movement simply a reaction to anti-colonialism, and what kind of constitution would the new republic create? So far, no answers. Original article: https://mises.org/mises-wire/will-jamaica-become-republic

A relic of the Cold War, the US embargo and travel restrictions to Cuba violate American freedoms and they accomplish nothing to end Cuba's communist regime or win freedom for Cubans. Yet, this failed policy has persisted for nearly 65 years with no end in sight. Original article: https://mises.org/mises-wire/us-travel-restrictions-cuba-violate-freedoms-americans-and-cubans

What do we mean by equality? F.A. Hayek believed that equality under law and the socialist belief of material equality were opposed to each other. Furthermore, he held liberty to be necessary for civilization itself to flourish. Original article: https://mises.org/mises-wire/equality-under-hayekian-rule-law

Before the American Revolution, there were the Levellers, who sought liberty during the English Civil War. While their influence on the American colonists would be indirect, nonetheless, many of their ideas reflected what came after American independence. Original article: https://mises.org/mises-wire/reintroducing-levellers

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized. Original article: https://mises.org/power-market/inflation-design-how-keynesian-dogma-undermines-capitalism

In this week's Friday Philosophy, Dr. David Gordon reviews Profit Without Apology: The Need to Stand Up For Business by Onkar Ghate and Dan Watkins. While praising the effort, he also shares some concerns. Original article: https://mises.org/friday-philosophy/we-should-not-apologize-businesses-being-profitable

In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims. Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism

How did Europe move from a collection of impoverished city states and kingdoms to a prosperous state of affairs? Europeans learned the value of contracts, private property, and the limited power of the state, and in turn, they flourished. Original article: https://mises.org/mises-wire/european-miracle-how-contractual-politics-and-divided-power-gave-birth-western-prosperity

There is much gnashing of teeth and pulling of hair by just about every leader in the West, especially by an almost apoplectic President Trump, over a so-called “sinister threat” by the BRICS. Original article: https://mises.org/power-market/can-brics-nations-lead-us-better-world

One cannot deny that American institutions have been corrupted by leftist thought, which demonstrates the success of Italian communist Antonio Gramsci's call to bring about socialism in the West by eroding the institutional barriers against it. Original article: https://mises.org/mises-wire/scholars-and-schemers-how-left-ruined-higher-education

Artificial Intelligence is advancing, but people often fear it for the wrong reasons. AI is not a threat in itself, but rather becomes a threat when the state uses it as one more tool to limit individual liberty and to engage in oppressive behavior. Original article: https://mises.org/mises-wire/threats-ai-come-state

The recent attack by Israeli setters on the village of Taybeh in the West Bank has brought attention to the conflicts between Israel and the Christian population in Palestine. American Christians who uncritically support Israel should take a harder look at what is happening. Original article: https://mises.org/mises-wire/americas-war-arab-christians

The destruction of Hiroshima and Nagasaki was a war crime worse than any that Japanese generals were executed for in Tokyo and Manila. If Harry Truman was not a war criminal, then no one ever was. Original article: https://mises.org/mises-daily/harry-truman-and-atomic-bomb

Original article: https://mises.org/power-market/cold-war-20-heats

Whether President Trump overreacted to the recent BLS is irrelevant to the fact that government data often is inaccurate and politically suspect.  Original article: https://mises.org/mises-wire/no-matter-who-president-dont-trust-government-data

"Anarcho-Capitalism is good in theory, but it would never work in the real world." That is a common objection to A-C, but is it correct? What are the objections and how do we answer them. Stanisław Wójtowicz provides some answers. Original article: https://mises.org/mises-wire/anarcho-capitalism-nine-most-important-objections

Apparently, Ireland's government has not learned any lessons from rent control disasters elsewhere. Thus, the Irish will have to learn this hard lesson and face the consequences of their economic folly. Original article: https://mises.org/mises-wire/bad-worse-irish-rent-control

A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others. Original article: https://mises.org/power-market/jeff-bezoss-yacht-driver-economic-activity

Understanding any era of history requires the ability to view complex things. However, people often employ simple narratives as their historical guides, which leads to wrong conclusions. The pre-war history of the American South is one that is much more complex than the narratives imply. Original article: https://mises.org/mises-wire/complexity-historical-narratives

What use is the Fed's supposed devotion to being "data-driven" when the data itself is unreliable and the Fed is basing its policies on data that is thoroughly wrong? Original article: https://mises.org/mises-wire/fed-says-it-data-driven-data-isnt-any-good

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived. Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value

In an attempt to compete with the Soviet Union by bringing future elite political leaders from Africa to study in US universities, Sen. John Kennedy and the CIA inadvertently spread Marxism here and abroad. One product of this program was bringing Mamdani's Marxist father to the US. Original article: https://mises.org/mises-wire/how-jfk-and-cia-gave-nyc-zohran-mamdani-and-obama-us