Audio Mises Wire

One of the problems in presenting economic concepts to a public audience is that too many people in the academic world do not comprehend the simple presence of opportunity cost. Original Article: Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics  

Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical propositionOriginal Article: Civilization Depends upon Economic Freedom  

Keynesian economists believe that the key to increasing economic growth is increasing the supply of money in circulation. Money, however, is a means of exchange, not a means of payments. The difference is vital to understanding economics. Original Article: Does Increasing the Money Supply also Increase Economic Growth?  

The Tennessee Board of Regents for higher education is finding that their DEI efforts are not successful, and the Tennessee legislature has become skeptical. It might be better to scrap the DEI collectivist “solutions” altogether. Original Article: Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee  

David Gordon reviews How to Run Wars, by Christopher J. Coyne and Abigail R. Hall. Their tone is satirical, aimed at showing the folly and corruption that marks the policies of the foreign policy elites. Original Article: Coyning US into War  

Robert Reich is an economic fallacy machine, and he has begun a ten-week series in which he claims to debunk economic myths. Of course, to do so, he has to create economic myths and present them as factual. Original Article: Debunking Robert Reich’s Debunking  

Asset forfeiture is another term for state-sponsored theft. Reform of this pernicious policy is almost impossible because of the incentives set up by governments at all levels. Original Article: No Honor Among Government Thieves: The Evil of Asset Forfeiture  

Even though our legal authorities treat smugglers as criminals, smugglers actually are promoters of liberty who usually break unjust laws. The US was practically founded on smuggling. Original Article: Smugglers: True Heroes of Liberty  

Even though the US had a semilibertarian revolution, there are few libertarians in representative governance. Original Article: Why Does America Have a Lack of Libertarian Representation?  

Switzerland has been a neutral country for about five hundred years. Sweden also has a tradition of neutrality, but it has recently changed its position, to its own detriment. Original Article: Switzerland Still Cherishes its Traditional Neutrality  

The US government’s recent arms sale to Israel is a reminder that arms sales have become a significant part of US foreign policy, as well as a major source of instability around the world. Original Article: US Arms Sales Are a Clear and Present Danger  

Mainstream economists insist that data alone can explain economic events, permitting them to test economic theories. In truth, without sound theory, data is meaningless. Original Article: Can Data by Itself Inform Us about the Real World?  

According to an article in The Atlantic, Washington is turning away from its previous commitment to “free trade.” However, there never was a “free trade consensus” because Washington always has sought state-managed trade. Original Article: Don’t Call It Free Trade  

While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money. Original Article: Judy Shelton’s Lasting Legacies  

Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction. Original Article: Central Banks Are Destroying Our Economies    

Supporters of the new California minimum wage law for fast-food restaurants claim it will bolster economic opportunity for lower-income people. It actually will be a wealth transfer from the poor to the rich. Original Article: The Consequences of California’s New Minimum Wage Law  

We are seeing Joseph Schumpeter's concept of creative destruction at work in higher education. The shake-up will continue. Original Article: Creative Destruction in American Higher Education: Schumpeter in Action  

The watchword in higher education today is decolonization, which depends upon what Ludwig von Mises called racial polylogism. Mises understood that polylogism undermines the very foundations of scientific thought. Original Article: The Intellectual Poverty of Racial Polylogism  

Israel’s defenders act like Netanyahu and his allies have had no choice but to react to October 7 in the manner that they have. But that isn’t true. Original Article: What Israel Is Doing to Gaza Is a Choice  

Government schooling advocates are demanding that homeschoolers be regulated by public school authorities. Perhaps homeschooling advocates should be monitoring the government. Original Article: Homeschoolers Don’t Need Government Regulation  

Politicians will invoke the venerable just war theory when they believe they can manipulate the facts in their favor. In truth, it is the rare government that engages in a justified conflict. Original Article: Why Politicians Cannot Be Trusted with Just War Theory  

Contra critical theorists, who claim human reason is nothing more than a social construct, reason is both understandable and universal. We cannot abandon it, for if we do, we abandon liberty itself. Original Article: Understanding Reason Is Paramount to Understanding Liberty  

Contrary to popular belief, regulatory agencies do not improve the quality of our lives, nor do they provide safety or security. They need to be abolished, as free markets provide their own effective forms of regulation. Original Article: The Case for Abolishing Regulatory Agencies  

Political and academic elites have successfully convinced the public that they should fear private enterprise. However, people really should fear an out-of-control government. Original Article: They Want to Scare You with Myths of “Unhampered Capitalism”  

Ludwig von Mises was ridiculed for his assertion that “middle of the road” leads to socialism in the end. As the federal government swallows increasing amounts of the economy, we see that Mises was right. Original Article: No, Mises Was not Wrong about the Middle of the Road