Audio Mises Wire

Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about. Original article: https://mises.org/mises-wire/mmt-wrong-about-history-origins-money

We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight. Original article: https://mises.org/mises-wire/yes-virginia-there-deep-state-and-it-worse-you-think

Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond. Original article: https://mises.org/mises-wire/lincolns-new-deal

EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies. Original article: https://mises.org/mises-wire/christine-lagarde-and-privatization-currency

America recently celebrated Independence Day, but Americans were too quick to abandon their own individual freedoms and individual sovereignty and submit to the state. Original article: https://mises.org/mises-wire/life-source-missing-todays-narratives

The Trump administration has withdrawn its promised $4 billion for the California Bullet Train project because this project does not have a viable future. While they may complete the 171-mile Central Valley portion, the rest of the project is dead in the water. Original article: https://mises.org/mises-wire/mother-o-mercy-end-cal-bullet-train

The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate. Original article: https://mises.org/power-market/nobody-fed-chairman

President Trump is proposing a $1.5 million levy on Chinese-built ships that enter US harbors. Since a majority of cargo ships have been produced by Chinese shipyards, the costs would be substantial. This action also would damage US exports, yet another unintended consequence of US policies. Original article: https://mises.org/mises-wire/trumps-tariff-ship-has-sailed-chinese-ship-levy

The old classical liberal political tactics of constitutionalism, state building, and universal suffrage have clearly failed.  Original article: https://mises.org/mises-wire/why-classical-liberal-constitutionalism-has-failed

The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.” Original article: https://mises.org/mises-wire/ftc-versus-fortnite-consumer-protection-consumer-deception

Discussions of wages often miss the all-important economic of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception. Original article: https://mises.org/power-market/wnba-players-pay-us-what-you-owe-us

The White House is boasting about a new trade “deal” with the EU. But every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off. Original article: https://mises.org/mises-wire/us-eu-trade-deal-nothing-celebrate

Once he took office, Trump continued Biden‘s policy of massive arms shipments to Israel. Trump even sent American bombers to attack Iran‘s nuclear facilities. Original article: https://mises.org/mises-wire/dont-ship-weapons-troubled-hot-spots

Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt. Original article: https://mises.org/mises-wire/federal-student-loans-drive-college-tuition-levels

Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism. Original article: https://mises.org/mises-wire/why-racism-cant-explain-europes-drive-conquest-and-colonial-power

The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection. Original article: https://mises.org/mises-wire/tariffs-mean-lost-jobs

The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country. Original article: https://mises.org/mises-wire/axe-bank-portugal-it-does-more-harm

Surveys used to gauge optimism or pessimism about the economy may be interesting to read, but unless they are the product of sound and realistic economic theory, they are not economically useful. Original article: https://mises.org/mises-wire/can-surveys-provide-insight-state-economy

Most people believe that ours is a “free-market” healthcare system, but nothing could be further from the truth. A true market-based system as explained here would be less costly and more oriented to patient care. Original article: https://mises.org/mises-wire/key-elements-market-based-health-system

Europeans are being forced into an energy transition through debt-fueled spending that will lead to permanently higher energy prices and stifle European competitiveness. This won‘t change the climate, but it will make the people poorer. Original article: https://mises.org/mises-wire/energy-transition-tool-fascist-capitalism

Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise. Original article: https://mises.org/mises-wire/human-reason-foundation-civilization

Modern psychology has been at odds with the praxeology of the Austrian School, as psychologists have tended to see humans as passive and reactive, while Austrians view human action as purposeful. Recent developments in the field might change that narrative. Original article: https://mises.org/mises-wire/how-psychology-catching-reality-human-action

If education and career skills are what you want, a college or university may be a waste of your time and money. Original article: https://mises.org/mises-wire/four-reasons-why-college-degrees-are-becoming-useless

If New Yorkers wanted to help students by paying for their tuition, they would have already done so on their own. Original article: https://mises.org/mises-wire/busting-free-college-myth

In Syria the damage is done, and future generations will continue to suffer from the cruel folly of those convinced they know how to run everyone else’s lives. Original article: https://mises.org/power-market/americas-syrian-civil-war