Audio Mises Wire

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   

Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is why we always should question those political decisions that can turn our lives upside down. Original article: Don’t Be A Panican, But Question Government Shenanigans   

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it. Original article: Wealth Generation and the Market Economy   

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  

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   

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     

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   

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     

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   

We know what happened on November 22, 1963, at Dealey Plaza in Dallas, but there is a lot about that terrible day we don't know. But we also know that President Kennedy challenged the National Security State. Did it cost him his life? Original article: https://mises.org/mises-wire/jfk-and-burden-proof   

From Reconstruction to George Floyd, the left‘s guilt industry has run at full speed. As Murray Rothbard wrote, it is time to stand up to those that use guilt as a social weapon. Original article: https://mises.org/mises-wire/politics-guilt   

Thanks to the endless “War Against Terror,” the US Government promoted methods of torture, including some borrowed from the sadistic torturers of the former Soviet Union. Congress stood by and let it happen. Original article: https://mises.org/mises-wire/we-never-got-torture-congress