Audio Mises Wire

In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part by pitting recently-freed slaves against southern whites. The outcome was obvious, leading to more than a century of violent racial clashes, all the while strengthening federal power. Original article: Federal Power and Statist Racecraft    

In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future? Original article: Self-Described “Austrian” Is New Leader of UK Conservative Party: Should Kemi Badenoch Give Us Hope?    

The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped atomic bombs on Hiroshima and Nagasaki. The myth lives on to this day that the bombs ended the war prematurely, saving millions of lives. Original article: Atomic Salvation: Did the Atom Bombs Save 500,000 to 32 Million Lives?    

There finally is pushback against Critical Race Theory that has infected higher education and most of our other institutions. Unfortunately, CRT concepts are so embedded in our body politic that the only way to combat them is through revisionist history. Original article: De-Bamboozling the Critical Race Theory of Court Intellectuals    

William Rawle was a well-respected lawyer, legal scholar, an abolitionist, and a believer in the right of states to secede. He described this in A View of the Constitution of the United States of America, which many claimed to have read while at West Point prior to the Civil War. Original article: William Rawle and Secession    

In 1940, shortly after Nazi armies ran across Europe and conquered France, Ludwig von Mises and his wife, Margit, escaped to the US after a harrowing journey through hostile territory. Here is their story. Original article: The Secret Passage: How Amzalak and Salazar Helped Ludwig von Mises Escape the Nazis    

One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better. Original article: Prices Are Not Measurements of Value    

Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean-Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings. Original article: From Indentureship to Entrepreneurship    

The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies. Original article: US Bond Yields Rise as Reserve Currency Status Wanes    

The Austrian School of economics traces its roots to the School of Salamanca in medieval times. The scholastics of Salamanca, in turn, were influenced by the canon jurists from the University of Bologna, demonstrating the rich and historic roots of Austrian economics. Original article: Another Merit of Medieval Bolognese Canons    

Modern “antiracist” historians have pursued the myth that the virtuous North engaged in warfare with the South in order to free slaves and end chattel slavery. The historical record, however, tells a much different story. Original article: North and South in Antiracist Revisionism    

The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy. Original article: The Fed’s “Price Stability” Schemes Sow Economic Chaos    

Created as a sop to the teachers‘ unions, the Department has presided over huge declines in student academic performances and has played a vital role in politicizing formal learning at all levels.  Original article: Why It’s Time To Abolish the Department of Education    

As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results. Original article: Jamaica and the Failure of the Entrepreneurial State    

Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons. Original article: The Economic and Social Consequences of Rent Control    

By misusing statistics, the government claims that racial disparities are always caused by racial discrimination and that these disparities can only be rectified by state-directed outcomes. However, government programs have made things much worse. Original article: Disparate Impact Is a Legal Trick    

Thanks to unrelenting propaganda from the establishment media, a large number of Americans are suffering from what is diagnosed as “climate anxiety.”  Original article: Climate Anxiety: A Regime-Created “Illness”    

Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly unlikely. Rothbard, on the other hand, said as long as gold is money and there is no fiduciary media, such a scenario was not possible. Original article: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?    

Commercial real estate in the US faces major problems despite efforts by the Federal Reserve System to prop it up. Bonds used to finance commercial real estate markets are being hit especially hard, and there is no relief in sight. Original article: Distress in Commercial Real Estate Bonds Hits All-Time High    

We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.” Original article: Finding Shelter from Monetary Racketeers    

Mainstream economists today examine economic phenomena from a “black box” perspective in which they look at inputs and outputs without trying to understand causal mechanisms that make the outcomes possible. Original article: A Critique of Black Box Economics    

Never forget the Christmas truce of World War I, when troops refused to be pawns of empire for one blessed day. Original article: The Christmas Truce of World War I    

Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it is necessary for division of labor, which enables social cooperation. Original article: Wealth and Income Inequality Are Essential for Social Cooperation    

With the demise of the Biden administration, it is time to take a hard look at the DEI programs it imposed. While divisive, simple removal will not solve underlying problems. Original article: Post-Election Prospects for Ending DEI    

As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital economy uncreative destruction. Original article: Destroying Creative Destruction: The DMA against Innovation