Audio Mises Wire

Oklahoma City will be building a new arena for the 2025 NBA Champions Thunder. Not surprisingly, the taxpayers will be the ones carrying most of the financial burden. Original article: https://mises.org/mises-wire/thunderously-bad-deal-oklahoma-citys-crony-arena-tax

It was no secret that President Franklin Roosevelt hated Germany and all things German. Heavily influenced by Silas Marcus MacVane. FDR embraced MacVane's left-leaning progressivism. Original article: https://mises.org/mises-wire/origins-fdrs-teutonophobia

Many "social justice" advocates claim to appeal to a “higher law,” but they usually refuse to acknowledge economic laws because those laws stand in their way of creating the "just" society. Original article: https://mises.org/mises-wire/austrian-perspectives-social-justice

The long-awaited biography of William F. Buckley Jr. is hardly worth the wait of thirty years. David Brady, Jr., reviews it, saving our readers the pain of reading themselves. Original article: https://mises.org/mises-wire/tanenhaus-and-god-buckley

While Hayek did not write directly about the American Civil War, some of his writings provide insights on the conflict. Original article: https://mises.org/friday-philosophy/jefferson-davis-von-hayek

While it is true that colonial era governments sometimes burned paper money after receiving it in the form of taxation, why they burned the money is for reasons other than what MMT advocates are claiming. In the end, the MMT promoters are telling a false history. Original article: https://mises.org/mises-wire/why-governments-burned-money

Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état. Original article: https://mises.org/mises-wire/rothbard-constitution-was-coup-detat

Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about. Original article: https://mises.org/mises-wire/mmt-wrong-about-history-origins-money

We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight. Original article: https://mises.org/mises-wire/yes-virginia-there-deep-state-and-it-worse-you-think

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond. Original article: https://mises.org/mises-wire/lincolns-new-deal

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies. Original article: https://mises.org/mises-wire/christine-lagarde-and-privatization-currency

America recently celebrated Independence Day, but Americans were too quick to abandon their own individual freedoms and individual sovereignty and submit to the state. Original article: https://mises.org/mises-wire/life-source-missing-todays-narratives

The Trump administration has withdrawn its promised $4 billion for the California Bullet Train project because this project does not have a viable future. While they may complete the 171-mile Central Valley portion, the rest of the project is dead in the water. Original article: https://mises.org/mises-wire/mother-o-mercy-end-cal-bullet-train

The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate. Original article: https://mises.org/power-market/nobody-fed-chairman

President Trump is proposing a $1.5 million levy on Chinese-built ships that enter US harbors. Since a majority of cargo ships have been produced by Chinese shipyards, the costs would be substantial. This action also would damage US exports, yet another unintended consequence of US policies. Original article: https://mises.org/mises-wire/trumps-tariff-ship-has-sailed-chinese-ship-levy

The old classical liberal political tactics of constitutionalism, state building, and universal suffrage have clearly failed.  Original article: https://mises.org/mises-wire/why-classical-liberal-constitutionalism-has-failed

The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.” Original article: https://mises.org/mises-wire/ftc-versus-fortnite-consumer-protection-consumer-deception

Discussions of wages often miss the all-important economic of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception. Original article: https://mises.org/power-market/wnba-players-pay-us-what-you-owe-us

The White House is boasting about a new trade “deal” with the EU. But every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off. Original article: https://mises.org/mises-wire/us-eu-trade-deal-nothing-celebrate

Once he took office, Trump continued Biden‘s policy of massive arms shipments to Israel. Trump even sent American bombers to attack Iran‘s nuclear facilities. Original article: https://mises.org/mises-wire/dont-ship-weapons-troubled-hot-spots

Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt. Original article: https://mises.org/mises-wire/federal-student-loans-drive-college-tuition-levels

Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism. Original article: https://mises.org/mises-wire/why-racism-cant-explain-europes-drive-conquest-and-colonial-power

The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection. Original article: https://mises.org/mises-wire/tariffs-mean-lost-jobs

The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country. Original article: https://mises.org/mises-wire/axe-bank-portugal-it-does-more-harm

Surveys used to gauge optimism or pessimism about the economy may be interesting to read, but unless they are the product of sound and realistic economic theory, they are not economically useful. Original article: https://mises.org/mises-wire/can-surveys-provide-insight-state-economy