Audio Mises Wire

“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   

Once again, Congress is threatening to ban TikTok over “national security concerns.” But as long as Washington continues its unnecessary and provocative posturing around China’s coasts, Americans will never be safe. Original Article: Banning TikTok Will Not Make Americans Safer   

In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course. Original Article: Protectionism Doesn't Decrease "Food Insecurity"; It Increases It   

In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course. Original Article: From Athens to Vienna: Understanding a System of Ethics   

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary. Original Article: Sebag and Natural Money   

According to Marx, all ideas represent class-based interests, leaving no room for objective truth. The problem is that Marxists claim to hold to objective truth, but manage to contradict themselves. Original Article: Marx, Class Conflict, and the Ideological Fallacy   

While Connecticut authorities call on "experts" to help them quell the state's housing shortage, they fail to consider the policies that have caused it. Original Article: Connecticut’s Housing Shortage Is Rooted in Government Policies   

As the government expands the reach of civil rights law, one of the casualties is the presumption of innocence. The new rule seems to be “guilty until proven guilty.”Original Article: The Presumption of Innocence Is under Attack   

While modern India is known for adopting socialism in the 1940s, it has an older tradition of free markets. It is time to rediscover that tradition. Original Article: Wealth, Wisdom, and Prosperity: The Ancient Capitalist Tradition of India   

Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether. Original Article: The Welfare State Prolongs Recessions   

The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either. Original Article: No Such Thing as a Neutral Fed   

By the logic of "we tried it before," the Soviet victory over Lithuania in 1953 meant that the question of independence was settled forever, and that Irish secession was forever verboten after the Easter Rebellion failed. Original Article: No, the Civil War Did Not Forever Settle the Matter of Secession   

When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation. Original Article: For Socialists, It Doesn't Matter if Socialism "Works." What Matters Is Power.   

When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way. Original Article: Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who   

New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments. Original Article: The Tyranny of the 1964 Civil Rights Act  

New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments. Original Article: The Folly of Rent Control in New York City (Again)   

While fears that AI will morph into something like the Terminator and try to destroy the world, the real threat from AI is that the authorities will use it to produce propaganda and public lies. Original Article: Separating Information from Disinformation: Threats from the AI Revolution   

Artificial intelligence has much to contribute as a consumption good and a producer’s good. However, there also are limitations in what AI can do, given it susceptible to the GIGO rule: Garbage in, garbage out. Original Article: The Economics of the AI Revolution   

The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should be able to engage in discrimination. Original Article: Free Markets and the Antidiscrimination Principle   

The “AI” in our present real-world hype is nothing like the sci-fi “creatures” of film; AI machines are nowhere near conscious beings. Original Article: Understanding the AI Revolution   

The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?Original Article: The Great Depression and Great Depression II: Similarities, Differences   

Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of. Original Article: No, There Is Not a Perfect Open Border System between the States