Audio Mises Wire

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized. Original article: https://mises.org/power-market/inflation-design-how-keynesian-dogma-undermines-capitalism

In this week's Friday Philosophy, Dr. David Gordon reviews Profit Without Apology: The Need to Stand Up For Business by Onkar Ghate and Dan Watkins. While praising the effort, he also shares some concerns. Original article: https://mises.org/friday-philosophy/we-should-not-apologize-businesses-being-profitable

In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims. Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism

How did Europe move from a collection of impoverished city states and kingdoms to a prosperous state of affairs? Europeans learned the value of contracts, private property, and the limited power of the state, and in turn, they flourished. Original article: https://mises.org/mises-wire/european-miracle-how-contractual-politics-and-divided-power-gave-birth-western-prosperity

There is much gnashing of teeth and pulling of hair by just about every leader in the West, especially by an almost apoplectic President Trump, over a so-called “sinister threat” by the BRICS. Original article: https://mises.org/power-market/can-brics-nations-lead-us-better-world

One cannot deny that American institutions have been corrupted by leftist thought, which demonstrates the success of Italian communist Antonio Gramsci's call to bring about socialism in the West by eroding the institutional barriers against it. Original article: https://mises.org/mises-wire/scholars-and-schemers-how-left-ruined-higher-education

Artificial Intelligence is advancing, but people often fear it for the wrong reasons. AI is not a threat in itself, but rather becomes a threat when the state uses it as one more tool to limit individual liberty and to engage in oppressive behavior. Original article: https://mises.org/mises-wire/threats-ai-come-state

The recent attack by Israeli setters on the village of Taybeh in the West Bank has brought attention to the conflicts between Israel and the Christian population in Palestine. American Christians who uncritically support Israel should take a harder look at what is happening. Original article: https://mises.org/mises-wire/americas-war-arab-christians

The destruction of Hiroshima and Nagasaki was a war crime worse than any that Japanese generals were executed for in Tokyo and Manila. If Harry Truman was not a war criminal, then no one ever was. Original article: https://mises.org/mises-daily/harry-truman-and-atomic-bomb

Original article: https://mises.org/power-market/cold-war-20-heats

Whether President Trump overreacted to the recent BLS is irrelevant to the fact that government data often is inaccurate and politically suspect.  Original article: https://mises.org/mises-wire/no-matter-who-president-dont-trust-government-data

"Anarcho-Capitalism is good in theory, but it would never work in the real world." That is a common objection to A-C, but is it correct? What are the objections and how do we answer them. Stanisław Wójtowicz provides some answers. Original article: https://mises.org/mises-wire/anarcho-capitalism-nine-most-important-objections

Apparently, Ireland's government has not learned any lessons from rent control disasters elsewhere. Thus, the Irish will have to learn this hard lesson and face the consequences of their economic folly. Original article: https://mises.org/mises-wire/bad-worse-irish-rent-control

A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others. Original article: https://mises.org/power-market/jeff-bezoss-yacht-driver-economic-activity

Understanding any era of history requires the ability to view complex things. However, people often employ simple narratives as their historical guides, which leads to wrong conclusions. The pre-war history of the American South is one that is much more complex than the narratives imply. Original article: https://mises.org/mises-wire/complexity-historical-narratives

What use is the Fed's supposed devotion to being "data-driven" when the data itself is unreliable and the Fed is basing its policies on data that is thoroughly wrong? Original article: https://mises.org/mises-wire/fed-says-it-data-driven-data-isnt-any-good

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived. Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value

In an attempt to compete with the Soviet Union by bringing future elite political leaders from Africa to study in US universities, Sen. John Kennedy and the CIA inadvertently spread Marxism here and abroad. One product of this program was bringing Mamdani's Marxist father to the US. Original article: https://mises.org/mises-wire/how-jfk-and-cia-gave-nyc-zohran-mamdani-and-obama-us

Oklahoma City will be building a new arena for the 2025 NBA Champions Thunder. Not surprisingly, the taxpayers will be the ones carrying most of the financial burden. Original article: https://mises.org/mises-wire/thunderously-bad-deal-oklahoma-citys-crony-arena-tax

It was no secret that President Franklin Roosevelt hated Germany and all things German. Heavily influenced by Silas Marcus MacVane. FDR embraced MacVane's left-leaning progressivism. Original article: https://mises.org/mises-wire/origins-fdrs-teutonophobia

Many "social justice" advocates claim to appeal to a “higher law,” but they usually refuse to acknowledge economic laws because those laws stand in their way of creating the "just" society. Original article: https://mises.org/mises-wire/austrian-perspectives-social-justice

The long-awaited biography of William F. Buckley Jr. is hardly worth the wait of thirty years. David Brady, Jr., reviews it, saving our readers the pain of reading themselves. Original article: https://mises.org/mises-wire/tanenhaus-and-god-buckley

While Hayek did not write directly about the American Civil War, some of his writings provide insights on the conflict. Original article: https://mises.org/friday-philosophy/jefferson-davis-von-hayek

While it is true that colonial era governments sometimes burned paper money after receiving it in the form of taxation, why they burned the money is for reasons other than what MMT advocates are claiming. In the end, the MMT promoters are telling a false history. Original article: https://mises.org/mises-wire/why-governments-burned-money

Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état. Original article: https://mises.org/mises-wire/rothbard-constitution-was-coup-detat