Audio Mises Wire

Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity. Original Article: How Corporate Bailouts Inflate the Money Supply  

While protecting “intellectual property” has a good sound to it — even among libertarians — such policies are harmful to authentic property rights. We need to pursue another path. Original Article: The Absurdity of Intellectual Property Laws  

Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true. Original Article: The Reality of Human Action  

It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why. Original Article: Biden Is Not Running the Government. So, Who Is?  

When governments seize private firms in the name of nationalization, the moves are usually politically popular. However, it doesn't take long for the nationalized firms to turn into a financial black hole. Original Article: Though popular, nationalizations ruin economies  

With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based upon social cooperation and peaceful resolution of conflicts. Original Article: Anarchy in the UK  

Utopians are not satisfied with imposing DEI on humans. They also want the state to treat animals as “oppressed” minorities with positive rights.  Original Article: Praxeology and Animals  

The Biden administration is determined to do an end run around the courts and ram through yet another student loan forgiveness plan. It is not real “loan forgiveness” but just a massive wealth transfer from lower-income to higher-income groups. Original Article: Biden’s Student Loan Gift SAVE Is Simply a Wealth Transfer  

For all of his freedom-loving rhetoric, it is clear that Woodrow Wilson was one of the most antifreedom presidents in U.S. history. Original Article: Woodrow Wilson and Freedom  

Progressives promote civil rights viewpoints as being “good for the whole” of society. Yet most of the modern civil rights movements and accompanying legislation simply promote the "good" of one group at the expense of others. Original Article: Group interests and the ‘good of the whole’  

Last week, Julian Assange was freed and the Chevron doctrine was overturned. These are huge wins for liberty. Not long ago, they felt completely out of reach. Original Article: Julian Assange, the Chevron Doctrine, and the Case against Pessimism

For all of the claims that governments “create jobs,” in reality, government jobs come at a greater cost than any value those jobs may create. Government jobs are a burden to the economy. Original Article: The State Does Not Create Value-Enhancing Jobs

It has been nearly eighty years since the US used atomic warfare on Japan as a way to end World War II. The legacy of that event is not one of peace but of outright madness. Original Article: From Milk Runs to MAD to Madness

As the progressive Left expands its occupation of our institutions, the concept of truth itself becomes little more than a weapon to utilize to achieve political goals. Original Article: Varying Interpretations of Truth, or Truth as a Social Construct

While F.A. Hayek saw human ignorance as the basis for what he called spontaneous order, Ludwig von Mises saw human reason as the basis for praxeology. Original Article: Human Ignorance Is an Unstable Basis for Liberty and Praxeology

Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration. Original Article: Bureaucracy: The Death Knell of Higher Education

Academic elites claim that there is no objective truth, only social constructs. Thus, people can create their own reality in many areas, and everyone else is expected to accept whatever “reality” is presented—or face serious consequences. Original Article: Reality Is NOT a Social Construct  

Javier Milei’s recent “snub” of Spain's political establishment during a recent visit there may have been a “violation” of diplomatic protocol, but it also was a statement that Spain’s socialism itself is uncivilized. Original Article: Milei Snubs the Spanish Political Establishment  

For all of the media ballyhoo about the CHIPS Act, it really is a page out of the old five-year plans from the Soviet Union. The CHIPS Act will have the same success as befell the Soviets. Original Article: Chop the Federal CHIPS Act  

A common complaint is that the 1964 Civil Rights Act started in the “right direction,” valuing so-called equality of opportunity, but then went off the rails with “equality of result.” In truth, the act cannot be reconciled with a libertarian society. Original Article: The “Equality of Opportunity” Fallacy  

The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right. Original Article: It All Began When the Government Tried to Make Housing More Affordable  

Environmentalists insist on banning fossil fuels and refrigerant gasses in order to end heat waves. That means people will face future heat waves (which will always be with us) without air conditioning, bringing even more heat-related deaths. Original Article: Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less

What began as supposedly a free trade union has been turning into an authoritarian, interventionist nightmare. A recent speech by a top European Union commissioner shows the sad direction the EU is heading. Original Article: Draghi’s Globalist EU Speech Urges Concentration of Power

Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve. Original Article: The Collapse of Real Savings Caused the Great Depression

Even as the Federal Reserve continues to manipulate interest rates to “fight” the results of the business cycle, Austrian economics teaches that business cycles occur because of the manipulation. They never learn. Original Article: The Impact of Interest Rates on Economic Growth: An Austrian Perspective