Audio Mises Wire

While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property. Original Article:  What Would Mises Think? Austria Is Applying (Some) Austrian Economics

Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age. Original Article:  How Fossil Fuel Revolutionized Our Kitchens and Our Food

One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve. Original Article:  It’s Time to Bust the Myth of Fed Omnipotence

The student loan program is descending into chaos and the Biden administration is clueless about what to do. Furthermore, the value of a college education continues to fall while college costs increase. Original Article:  Student Loans: The Continuing Crisis That Is Getting Worse

Between war weariness and the inability of the US government to pay war bills, reality is going to come to the fore even if Washington doesn't like it. Original Article:  After Ukraine, Realpolitik Will Be the New Interventionist Status Quo

With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult. Original Article:  As the US Treasury Runs Out of Creditors, Its Options Dwindle

According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply. Original Article:  Inflationary Expectations Do Not Cause Inflation

Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death. Original Article:  Remembering the Great Henry Hazlitt on His Birthday

The concept of the state has more to do with the worldview of ancient Greek philosophers than with the Roman Empire. We could learn a few things about statelessness from the Romans. Original Article:  Should We Embrace the Stateless Roman Political Thought?

David Gordon reviews Only a Voice, by George Scialabba, dealing with the author's comments on antiwar progressives Randolph Bourne and Dwight Macdonald. Original Article:   Bourne Again

While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures. Original Article:  Overcoming Chinese Communist GDP Myths

Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies. Original Article:   Today Is the Best Day of the Year to Rob a Bank

For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power.  Original Article:   Napoleon: Europe's First Egalitarian Despot

While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening. Original Article:   The United States Needs Its Own Javier Milei

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.” Original Article:   Are Businesses Entitled to a Fair Profit?

The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace. Original Article:   What Would Happen If the US Stopped Supporting Ukraine?

In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government. Original Article:  Millions and Billions and Trillions—Oh My!

The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake. Original Article:   Can Government Regulate Artificial Super Intelligence?

A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality. Original Article: Libertarianism and the Importance of Understanding Causality

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity. Original Article: America the Obese: How Taxpayers Are Forced to Ruin Their Health

Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever. Original Article: Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists

Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them. Original Article: The Legacy of Legacy Admissions Is Not What the Critics Claim

Sen. Elizabeth Warren is at it again: demanding government intervention in the nation's healthcare system to deal with problems caused by earlier government intervention. Original Article: Progressive Interventionism Is Ruining American Healthcare

Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains. Original Article: The Taxman Cometh