Audio Mises Wire

Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than business as usual. Original article: https://mises.org/power-market/fed-holds-interest-rate-steady-and-warsh-buys-time-new-task-force-scheme

Sure, the earnings average was up year over year, but prices increased more than earnings did. In fact, price inflation hit a 38-month high in May. Original article: https://mises.org/mises-wire/real-wages-fell-second-month-price-inflation-surged

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice. Original article: https://mises.org/mises-wire/why-justice-mattered-rothbard

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy. Original article: https://mises.org/mises-wire/raising-interest-rates-does-not-counter-inflation

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down. Original article: https://mises.org/mises-wire/fear-signal-why-state-urgently-wants-bind-prediction-markets

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI's excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money. Original article: https://mises.org/mises-wire/sound-money-artificial-intelligence-and-pope

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth. Original article: https://mises.org/mises-wire/april-money-supply-growth-hit-49-month-high-and-prices-soared

Regulatory systems are infamous for creating “traps” in seem to be impervious to reform. Regulators seek to “drain the swamp,” but, instead, find themselves up to their necks in alligators. Original article: https://mises.org/mises-wire/moloch-regulatory-state

Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states. Original article: https://mises.org/mises-wire/abolitionist-movement-antebellum-south

Egalitarian interpreters of the Declaration not only empower the centralized state but promote a view of “equality” that shares a common ethical error with slavery itself—that legal castes of humans may be created and enforced against the liberty of others. Original article: https://mises.org/mises-wire/declaration-independence-versus-egalitarianism

Not surprisingly, the present government is rapidly politicizing artificial intelligence. We don’t have to look far for disastrous results. Original article: https://mises.org/mises-wire/ai-creative-destruction-and-politicization-economic-change

The covid lockdowns were useless for public health, but they vastly strengthened government’s stranglehold over our lives. We cannot allow this to happen again. Original article: https://mises.org/mises-wire/potential-lockdowns-polarization-and-what-should-be-done

Despite attempts to whitewash its past, progressivism was a poisonous ideology from the beginning. One of its worst legacies is eugenics, which not only created social strife in the US, but also was exported to Germany, where the Nazis embraced it. Original article: https://mises.org/mises-wire/how-american-progressives-influenced-hitler

Contrary to the myth that kings routinely ruled over cowed subordinates by "divine right" in the Middle Ages, civil governments of the period faced countless institutional obstacles to the exercise of power. Original article: https://mises.org/mises-wire/medieval-europeans-paved-way-freedom-west

The current free-for-all in Division I NCAA sports is not the product of a free market, but rather is chaos being imposed by the courts and government agencies. Original article: https://mises.org/mises-wire/anarcho-tyranny-killing-college-sports

As AI continues to grow, we are told to fear private transactions and to depend on the state for safety and security. The reality is that we need to fear the state and what it will do to us as technology becomes increasingly sophisticated. Original article: https://mises.org/mises-wire/were-freaking-doomed-without-freedom-state-rule

This key decision of the Continental Congress matters because the way a war is fought affects the outcomes; the choice to fight like a state means either losing or winning like a state. Original article: https://mises.org/mises-wire/charles-lee-alternative-george-washington-youve-probably-never-heard

According to the University of Michigan’s latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition. Original article: https://mises.org/power-market/federal-reserve-why-people-are-unhappy

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists. Original article: https://mises.org/mises-wire/subjective-nature-time-bergson-mises

Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce. Original article: https://mises.org/mises-wire/great-disconnect-when-wealth-and-productive-ability-diverge

Can a communist system flourish under a liberal government? Bernie Sanders says yes, but Melanie Armstrong, author of Chicken in a Strange Way, gives a resounding no. Original article: https://mises.org/mises-wire/economic-calculation-and-southern-california-beach-girl

Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies. Original article: https://mises.org/mises-wire/praxeology-antidote-hyperreality

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System. Original article: https://mises.org/mises-wire/remembering-mogambo-guru

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end. Original article: https://mises.org/mises-wire/crazy-wealth-tax-proposals-california-and-new-york-city

The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. History and reality tell us, however, that these companies soon enough will be as bloated and corrupt as their contemporaries. Original article: https://mises.org/mises-wire/beware-neo-primes