Audio Mises Wire

Einstein's name is synonymous with brilliance, yet his great intelligence did not translate to logical economic thinking. Instead, Einstein embraced socialism, thinking that one could guide an economy like one guides a mathematical equation. Original article: Einstein Was the Greatest Physicist but Was Economically Illiterate    

In the spirit of a new Cold War, Matthew Kroenig and Dan Negrea have written a new book, We Win, They Lose: Republican Foreign Policy and the New Cold War, which tries to fuse the foreign policies of Ronald Reagan and Donald Trump. The result is a foreign policy Frankenstein. Original article: We Lose, They Lose: A Reagan-Trump Fusion    

“In 1988, Murray Rothbard wrote a great monograph called Ludwig von Mises: Scholar, Creator, Hero. I'd like to concentrate today on the third of the qualities, Mises as a hero.” Original article: Ludwig von Mises, Hero    

Would America’s federal government deliberately undermine recovery efforts to try to achieve its own desired political ends? Of course. Original article: The Regime Wants Appalachia To Suffer    

As real wages decline and middle-class savings are depleted, the government expands its influence, garnering support from a substantial portion of the populace. Original article: This Is a Slow-Motion Nationalization of the Economy    

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists.  Original article: Economic Calculation and the Entrepreneur    

The Old Right was a principled band of intellectuals and activists, who fought the “industrial regimentation” of the New Deal. They loathed tariffs and saw protectionism as a species of socialist planning. Original article: The Old Right Opposed Tariffs    

John Hasnas has written a new book outlining how societies operate with mutual cooperation and common law. According to David Gordon, it is a major contribution to libertarian social thought. Original article: A Major Contribution to Libertarian Social Thinking    

Modern historians romanticize the reign of the Tudors in England, but in reality, they were brutal to their subjects and they centralized power to the detriment of the people. Governments today continue this march against freedom. Original article: Repeating the Interventionist Excesses of the Tudor Period    

Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails. Original article: Simple Counters to Simplistic Critiques of Austrian Economics    

Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life. Original article: Understanding the Action Axiom: How It Shapes the Structure of Society    

Western governments are keen on pursuing “hate crimes” and criminalizing what it calls “hate symbols.” However, these governments reserve to themselves just how one defines “hate,” which is nothing more than an attack upon free speech. Original article: “Hate Symbols” and the Meaning of Liberty    

Vegas expected Renato “Sound Money” Moicano to lose his UFC fight against Benoit Saint Denis. Instead, he won and used the opportunity to promote the work of another Austrian economist. This time, it was Hans-Hermann Hoppe. Original article: Underdog Moicano Wins UFC Fight, Bashes Macron in France, Promotes Hoppe    

Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions enhance is more government power. Original article: Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition    

Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility. Original article: Yes, Car Seat Laws Reduce the Birth Rate    

While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law. Ludwig von Mises, however, knew that the welfare state is the ubiquitous slippery slope. Original article: Hayek on the Welfare State    

When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system to work, protecting private property, and so on. But there is more. Original article: What is Old School Economics?    

What if we could have eavesdropped on a conversation between Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen? It might have gone as follows....  Original article: “I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates    

Home prices continue to rise as the government tries to further intervene into the housing markets, all in the name of the “American Dream.” However, remember that these massive increases in housing prices began when the government decided to make housing more “affordable.” Original article: Home Ownership Is Not the American Dream    

As monetary authorities continue to inflate the money supply, they inflict more and more damage upon the currency. Unfortunately, as the economy falters under the inflationary regime, the “solution” always is to ramp up inflation.  Original article: The Present Monetary System Is Heading for a Breakdown    

One of the outcomes of the American Civil War was the movement toward centralization of political power in Washington. The Reconstruction regime imposed upon the former Confederate states following the war was an overt attempt to further impose federal power there. Original article: Centralizing Federal Power through Southern Reconstruction    

The Ukraine war rages on and while the media and political classes repeat the “Putin started it” mantra, the evidence points elsewhere. The US government and its European allies have provoked Russia for years, hoping it would lead to an outbreak of war. Original article: Enough Already: Stop Provoking Russia    

What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers. Original article: What Does ChatGPT Know about Money?    

Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real savings. Original article: Does Technical Knowledge by Itself Drive Economic Growth?    

In the past four years, a number of monuments honoring the Confederacy have been torn down or removed. As we have seen before, however, the activism behind this movement will not stop with just taking down Confederate symbols. Original article: The Battle of the Confederate Monuments