Audio Mises Wire

The seventy-fifth-anniversary celebration of the British National Health Service masked the real failures of this system, one that only can become worse over time. Original Article: " The British NHS More Resembles a Statist Cult Than Advanced Healthcare"

Yellow Trucking Company has filed for bankruptcy and ceases to exist as a viable firm. Much of the blame is due to the Teamsters Union which has a long a violent history. Original Article: "Yellow Trucking Goes Bankrupt, Thanks in Part to Onerous Labor Laws"

The regime has increasingly been consumed with paranoia over threats to itself—propagandistically termed "threats to democracy"—while real crime against private citizens is clearly not a priority at all.  Original Article: " The State Protects Itself While Crime against Ordinary People Surges"

The Ukraine war brings death and destruction with no end in sight. Instead of encouraging more fighting, Western political leaders need to face reality and find a way to end this conflict. Original Article: "The Killing and Destruction Must Stop: It Is Time to End the Ukraine War"

Murray Rothbard wrote that egalitarianism was a war against nature. Statism has become a war against reality. Original Article: " Statism and the Unmaking of Reality"

The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life. Original Article: "The Simplicity and Significance of Mutual Economic Exchange"

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation. Original Article: " Socialism Cannot Work, Not Even in an AI-Driven Economy"

The activists went from "We want to be left alone to live our lives" to "we want to control your lives too." Now the movement has state power on its side and bullies all opponents.  Original Article: "2SLGBTQ+IA and the Law"

Mainstream economists are quick to claim that environmental problems are caused by "market failure" that can be "fixed" by government intervention. However, the intervention itself is the problem. Original Article: " Why Government Pollution Control Fails"

Federal prosecutors and other law enforcement agents are turning blockchain firms into government subsidiaries. The real goal is to criminalize what really are lawful, private exchanges. Original Article: "The Government Wants to Turn Blockchain Firms into Servants of the State"

Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented. Original Article: " What Marxists Say about "Market Socialism""

The recent actions of the Federal Reserve are reminiscent of central bank activities in wartime. Original Article: "Has World War III Already Begun?"

Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong.   Original Article: "Progressives Have Corrupted Not Only Money, but Its History as Well"

Speculators are reviled in the media and by politicians and academics. Yet the speculators are the ones taking risks to ensure the rest of us can have more economic certainty. Original Article: "Hail the Speculators! They Take the Necessary Economic Risks in Our Economy"

Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves. Original Article: " Even in Slave Economies, the Division of Labor Was Inescapable"

Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers.  Original Article: "A Higher Minimum Wage Won't Improve Life in Pennsylvania"

In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right. Original Article: " They Didn't Listen: The Reality of Hayek’s Bestseller"

While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse. Original Article: " FedNow Isn't a CBDC, but It Is Dangerous"

Rothbard on the American Revolution: "There was no particular need for the formal trappings and permanent investing of a centralized government, even for victory in war." Original Article: "The American Revolutionaries Didn't Need a Central Government. Neither Do We."

The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital  methods. Modern tech now makes the job a lot easier.  Original Article: " How East Germany's Stasi Perfected Mass Surveillance"

Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress. Original Article: "Can Fractional Reserve Banking Survive the Twenty-First Century?"

While Americans believe the First Amendment protects their speech, the US government and mainstream media have joined together to suppress speech that does not coincide with government policies. Original Article: "Censorship through the Centuries: Free Speech Suppression by the Government and the Mainstream Media"

The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill. Original Article: " The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway."

The Christian nationalist state is one in which civil rulers—for a time—regard the Church as a convenient ally. Once this comes to an end, however, the "Christian" state transforms into a state hostile to those it was once designed to protect. Original Article: "The Dead End of Catholic Nationalism"

By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood. Original Article: Taking Back the Meaning of "Inflation "