Audio Mises Wire

Read the New York Times (or even National Review) and you'll learn that the budget standoff is between congressional “adults” and right-wing House nutjobs. This is not the case.   Original Article:  The House Showdown: Separating Truth from Outright Falsehoods

The decision to use artificial intelligence–powered robots in the fast food industry depends upon differences in costs and performance between humans and robots. State minimum wage laws are pushing the industry toward robots.   Original Article:  Would You Hire an AI-powered McRobot or a Human Employee?

Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else.   Original Article:  American Prosperity Is Greater than Most of Us Realize

Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.   Original Article:  The Austrian School's Deductive Approach: A Beacon for Economic Understanding

While philosophy is a discipline that has been hijacked by the Left, once in a while a philosopher comes along and surprises us.   Original Article:  A Procapitalist Philosopher

When covid restrictions were at their tightest, many people died alone in ICUs, as friends and family were kept away in the name of "public health." A more accurate assessment of the policy is to call it barbaric.   Original Article:  Forced Isolation of Patients in the ICU Is Barbaric and Counterproductive

The ruling classes have determined that crimes are political in nature. Thus, Donald Trump faces criminal charges while actual crimes by other presidents go uncharged and unpunished.   Original Article:  Let's Examine Some REAL Crimes Committed by Presidents

As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well.   Original Article:  Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates

While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things.   Original Article: Mises versus Hayek on the Future of Civilization

Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid.   Original Article: Power Vacuum: How the State Wants to Suck Electricity from the SUV You Are Required to Buy

The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.   Original Article: States Are Dying from Corruption and the Exponential

Obamacare's forced electronic medical recordkeeping is denying patients the care they need.   Original Article: Physician Burnout: Another Consequence of Medical Socialism

Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry.   Original Article: Statism Stands against Free Trade and Free Association

If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession.  But "hope" is all the Fed has.    Original Article: The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do

More than forty years ago, Aleksandr Solzhenitsyn urged his fellow Russians “not to live by lies.” In our politicized age, his words ring truer than ever.   Original Article: Totalitarian Ideals and Not Living by Lies

Can there be a bridge between Heideggerian metaphysics and practical political philosophy?   Original Article: Toward a Heideggerian Libertarianism?

The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.   Original Article: Why Stabilization Policy is Destabilizing

The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.   Original Article: How a CBDC Created Chaos and Poverty in Nigeria

Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine.    Original Article: Why the "Just Wage" Theory Doesn't Make Much Sense

While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men.   Original Article: Understanding Hegel from a Straussian Viewpoint

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.   Original Article: Does Technical Knowledge Always Lead to Economic Growth?

Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations.   Original Article: August Price Inflation Accelerated, and the Fed Fears More Is in Store

The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle.   Original Article: Strikes Always Have Economic Consequences and the Latest UAW Strike Is No Exception

There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.   Original Article: There Is No Fed Magic Trick to Achieve a Soft Landing

To progressive elites, the state (at least one run by progressives) is omniscient and all-powerful. To anyone with understanding, the state is an entity usually run by gangsters.     Original Article: The State as Modern-Day Superstition: Unraveling the Illusions of Authority