Audio Mises Wire

For the past fifty years, Nigeria’s government has required young people to “serve” for a year under the National Youth Service Corp. This more resembles slavery than service. Original Article: The Nigerian People vs. NYSC Decree No. 24 of 1973: An Austro-libertarian Review   

As Murray Rothbard noted, reason is a powerful tool to help us discern how to thrive in our world. Government, through propaganda and interference with education, seeks to stifle reason and replace it with obedience to the state. Original Article: Murray Rothbard Understood the Importance of Self-Ownership   

California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble if it has ties to the governor. Original Article: California’s Crony Capitalist Minimum Wage Law   

While “colorblind equality” has a better ring to it than the DEI regime, nonetheless, the concept is unworkable and actually contributes to worsening racial outcomes. Original Article: The Hazards of "Colorblind Equality"   

As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today. Original Article: Artificial Intelligence and Irrational Fears  

Recent Iranian missile strikes on Israel in response to its earlier attack on the Iranian consulate in Syria have escalated the prospects of all-out war in the Middle East. There is an alternative to expanding the war: de-escalation. Original Article: Iran's Attack on Israel Provides an Opportunity to De-escalate   

In less than a century, Argentina went from being one of the world’s wealthiest nations to one that struggles with poverty and massive inflation. Human Action provides lasting wisdom to improve life in that country. Original Article: How Statism Destroyed Argentina   

As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today. Original Article: Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates   

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference. Original Article: Bureaucracy: Applying Mises’s Insights to Our Present Day   

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference. Original Article: A Tale of Two Bureaucracies   

Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years. Original Article: The Fraud Inherent in Fractional Reserve Banking     

In the early republic, debates over constitutional rights were centered on state bills of rights. But, over time the state charters were gradually co-opted by federal judges and courts. Original Article: Federal Judges Co-Opted America's State Constitutions   

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference. Original Article: Looking Back at the Crossroads: Liberty or Socialism   

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference. Original Article: Bureaucracy and Grove City College: How One College Resisted the Bureaucratization of Higher Education   

Henry Hazlitt's The Failure of the New Economics remains the best criticism of J.M. Keynes's General Theory. Original Article: Hazlitt Against Keynes on Unemployment and Wages: A Lesson for Modern Macroeconomics   

One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse. Original Article: Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression   

In reviewing Reconsidering Reparations by Olúfẹ́mi O. Táíwò, David Gordon and Wanjiru Njoya point out the book's many fallacies and the lack of a coherent theory of justice by the author. Original Article: Failing to Make the Case for Race-Based Reparations   

While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives. Original Article: Two Cheers for Vivek Ramaswamy for His Commentary on the Fed   

California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong? Original Article: California’s Latest Hustle: Utility Bills Based on Ratepayers' Income   

As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them. Original Article: How State Intervention Fueled Haiti's Descent into Chaos   

Congress and the courts have eviscerated the Constitution to empower police dogs. The injustices are massive, but the authorities don't care. Original Article: Police Dogs Have Abolished Constitutional Due Process   

“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction. Original Article: Who Really Works Against the Public?   

When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies. Original Article: Personal Medical Bankruptcy: Made in DC   

A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward. Original Article: CNN Is Wrong. Deflation Is a Good Thing   

Do you like your central bank capital positive or negative? The Fed is bankrupt, but even after taking recent losses, the Swiss National Bank still has positive capital. Original Article: The Swiss National Bank vs. the Federal Reserve: The Fed's Capital Losses in Perspective