Audio Mises Wire

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

Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises. Original article: https://mises.org/mises-wire/disasters-government-enterprise

Ted Cruz’s politics aren’t just conservative, they’re theological. Jonathan Newman explores how dispensationalism shapes US loyalty to the state of Israel. Original article: https://mises.org/power-market/ted-cruz-dispensationalism-and-state-israel

Hamas‘s invasion of Israel happened despite decades of US intervention and spending in favor of Tel Aviv. Yet, this ongoing conflict has nothing at all to do with the safety and security of the United States itself. It's time for the US to get out. Original article: https://mises.org/mises-wire/get-us-out-middle-east

Total war against civilians didn't begin with World War II. It was official policy of the Union during the Civil War to lay waste to southern cities, towns, and farms. Tactics northern generals used against civilians became the blueprint for armed forces in Europe and Japan 80 years later. Original article: https://mises.org/mises-wire/total-war-against-civilians-never-justified

College professors have suddenly discovered entrepreneurship and are teaching about it in their classes. However, while it is an interesting subject, one cannot teach someone how to be a successful entrepreneur.  Original article: https://mises.org/mises-wire/entrepreneurship-cant-be-taught-college-classroom

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion. Original article: https://mises.org/mises-wire/how-government-helps-create-congested-traffic

When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they can pass laws regulating prices and the like, they cannot repeal economic laws. Instead, they can only make things worse. Original article: https://mises.org/mises-wire/exploiting-moral-unseen

Sen. Ted Cruz was recently interviewed by Tucker Carlson, with Cruz advocating “regime change” in Iran. However, Cruz doesn‘t know enough Iranian history to make any qualified judgment on Iran or its people. Original article: https://mises.org/mises-wire/iranian-history-ted-cruz-doesnt-know

Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse. Original article: https://mises.org/mises-wire/trumps-tariff-policies-are-schizophrenic

Bernie Sanders and Alexandria Ocasio-Cortez have toured the country calling for massive government takeover of the economy and other socialist initiatives. For socialists, Sanders and AOC have become the new “Keepers of the Secret” of making socialism viable. Original article: https://mises.org/mises-wire/are-bernie-sanders-and-aoc-new-keepers-secret

During 2024 taxpayers were on the hook for $1.13 trillion in interest on the debt. That’s nearly $7,400 for each of the 153 million people who file tax returns. Original article: https://mises.org/mises-wire/interest-paid-us-debt-soars-and-trump-pushes-new-costly-war

Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies guarantee that Amtrak will be a second-rate, undercapitalized passenger railroad system. Original article: https://mises.org/mises-wire/ending-subsidies-amtrak-will-benefit-rail-travelers

Despite Trump‘s campaign promises and despite DOGE‘s so-called reputation of cutting government waste, the new administration is spending money faster than the supposed spendthrift Biden administration. This is Machiavellianism at its best. Original article: https://mises.org/mises-wire/trump-doge-and-machiavellians

This brief historical sketch brings us to how the American and Israeli militaries of today have adopted a nineteenth-century-style war of extermination against what they consider to be another “lesser race.” Original article: https://mises.org/mises-wire/american-israeli-nineteenth-century-ways-war    

The free market replaces the struggle for survival found in the animal world with social cooperation in which everybody benefits. Capitalism is a system of peace, not war. Original article: https://mises.org/mises-wire/ludwig-von-mises-peace-and-social-cooperation    

Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars. Original article: https://mises.org/mises-wire/did-fed-achieve-independence-during-korean-war    

President Trump's so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it. Original article: https://mises.org/mises-wire/one-bloated-brobdingnagian-bill    

David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand. Original article: https://mises.org/mises-wire/magic-coin-and-renewing-interest-monetary-policy    

The Trump White House has enacted tariffs in the belief that other countries are “cheating” by enacting tariffs against US goods and “manipulating” their currencies. However, with the US dollar being the world's reserve currency, the US has engaged in dollar manipulation through inflation. Original article: https://mises.org/mises-wire/mmt-and-us-history-redefining-chartalism    

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral. Original article: Inflation: Looking Beyond Aggregates    

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death. Original article: Enslavement of Native Americans in the Caribbean    

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death. Original article: Truth or Consequences    

Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger. Original article: Why Elon Musk Is Right: The Case Against Subsidizing Amtrak        

William Nordhaus coined the term “political business cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day. Original article: The Political Business Cycle 50 Years Later