Audio Mises Wire

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference. Original Article: A Tale of Two Bureaucracies    

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference. Original Article: Bureaucracy: Applying Mises’s Insights to Our Present Day    

Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years. Original Article: The Fraud Inherent in Fractional Reserve Banking        

A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward. Original Article: CNN Is Wrong. Deflation Is a Good Thing    

When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies. Original Article: Personal Medical Bankruptcy: Made in DC    

“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction. Original Article: Who Really Works Against the Public?    

Congress and the courts have eviscerated the Constitution to empower police dogs. The injustices are massive, but the authorities don't care. Original Article: Police Dogs Have Abolished Constitutional Due Process    

As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them. Original Article: How State Intervention Fueled Haiti's Descent into Chaos    

California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong? Original Article: California’s Latest Hustle: Utility Bills Based on Ratepayers' Income    

While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives. Original Article: Two Cheers for Vivek Ramaswamy for His Commentary on the Fed    

In reviewing Reconsidering Reparations by Olúfẹ́mi O. Táíwò, David Gordon and Wanjiru Njoya point out the book's many fallacies and the lack of a coherent theory of justice by the author. Original Article: Failing to Make the Case for Race-Based Reparations    

As the government expands the reach of civil rights law, one of the casualties is the presumption of innocence. The new rule seems to be “guilty until proven guilty.” Original Article: The Presumption of Innocence Is under Attack    

While Connecticut authorities call on "experts" to help them quell the state's housing shortage, they fail to consider the policies that have caused it. Original Article: Connecticut’s Housing Shortage Is Rooted in Government Policies    

According to Marx, all ideas represent class-based interests, leaving no room for objective truth. The problem is that Marxists claim to hold to objective truth, but manage to contradict themselves. Original Article: Marx, Class Conflict, and the Ideological Fallacy    

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary. Original Article: Sebag and Natural Money    

In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course. Original Article: From Athens to Vienna: Understanding a System of Ethics    

In his review of The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imagination, David Gordon examines systems of ethical norms. The Misesians have the best insights, of course. Original Article: Protectionism Doesn't Decrease "Food Insecurity"; It Increases It    

Once again, Congress is threatening to ban TikTok over “national security concerns.” But as long as Washington continues its unnecessary and provocative posturing around China’s coasts, Americans will never be safe. Original Article: Banning TikTok Will Not Make Americans Safer    

Do you like your central bank capital positive or negative? The Fed is bankrupt, but even after taking recent losses, the Swiss National Bank still has positive capital.  Original Article: The Swiss National Bank vs. the Federal Reserve: The Fed's Capital Losses in Perspective    

While “wokeness” seems to be a new phenomenon, the problems are tied to a sixty-year-old “landmark” law: the 1964 Civil Rights Act. This law, unfortunately, promotes government tyranny in the name of freedom. Original Article: The Tyranny of the 1964 Civil Rights Act    

When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way. Original Article: Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who    

When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation. Original Article: For Socialists, It Doesn't Matter if Socialism "Works." What Matters Is Power.    

By the logic of "we tried it before," the Soviet victory over Lithuania in 1953 meant that the question of independence was settled forever, and that Irish secession was forever verboten after the Easter Rebellion failed.  Original Article: No, the Civil War Did Not Forever Settle the Matter of Secession    

The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either. Original Article: No Such Thing as a Neutral Fed    

Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether. Original Article: The Welfare State Prolongs Recessions