Audio Mises Wire

A new Fed survey shows that banks are cutting back on lending big time. Over the past thirty-five years, this almost always predicts recession. Our economy can't survive without endless new infusions of easy money.  Original Article:   "Banks Are Lending Less Money, and That's a Formula for Recession"  

Noam Chomsky's latest offering—a series of interviews—presents the best (and worst) of one of America's premier public intellectuals. Original Article:   " There's No Place like Noam"  

Calls for black consumers to "Buy Black" can be interpreted as socially divisive, but they are also a way to encourage black entrepreneurs in a free market. Original Article: " The "Buy Black" Movement: Divisive or a Boon to Black Entrepreneurs?"  

President Biden recently claimed that "trickle-down economics" doesn't work but transferring wealth from taxpayers to politically connected people is the real trickle-down economics. Original Article:   "Government Redistribution Is the REAL Trickle-Down Economics"  

American corporations are lavishing billions of dollars on leftist groups in the name of "equity." But many of them also are donating to even more questionable people and causes. Original Article: "The Putrid Underbelly of Woke Capitalism"  

Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier. Original Article: "Understanding Relationships between Money Supply and Liquidity"  

The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished. Original Article: " Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics"  

Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources. Original Article: "The Failure of Public Works and Public Funding"  

Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.  Original Article: " Taxing Capital Leads to Capital Consumption"  

Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go?  Original Article: "In the Event of an Official US Bankruptcy"  

With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression.  Original Article: "The Money Supply Has Plummeted in the Biggest Drop Since the Great Depression"  

Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created. Original Article:   "Progressives Want to Eliminate Wealthy Entrepreneurs but Need the Wealth They Create"  

Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise. Original Article:   " Finance Discovers Sting: "How Fragile We Are""  

Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate. Original Article:   "Is There an Optimum Growth Rate of Money?"  

In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment. Original Article:   "Rothbard’s Button Doesn’t Exist, but It Needs to Be Invented"  

Should political reform be the result of a much-discussed comprehensive plan? Or should it come about through decentralized decision-making that deals with the situations at hand? Original Article:   " Comprehensive Reform versus Piecemeal Reform"  

People from socially and economically marginized groups in the USA tend to support socialism. Yet socialists have a long and bloody history of suppressing these very groups. Original Article:   "Socialism, Minority Groups, and Personal Liberties"  

By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning. Original Article:   " The Fed Is Overindebted, Isn’t It?"  

Tucker Carlson has rankled the ruling elites for many years. But was his interview with Robert Kennedy Jr. a bridge too far? Original Article:   "Did Tucker's Last Major Guest Lead to His Firing?"  

A century ago, Argentina was one of the world's wealthiest nations and the Argentine peso rivaled the dollar. Today, Argentina is famous for periodic hyperinflation. Original Article:   " Argentina Sleepwalks into Hyperinflation (Yet Again)"  

While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies. Original Article:   "Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not"  

It is the right of the consumer, not the regime, to determine what lighting sources work best for them. Original Article:   " Shedding Light on the Law of Unintended Consequences"  

Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example. Original Article:   "Washington Has No Moral Authority to Ban Guns"  

Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end? Original Article:   "Is Social Justice Just? A Review"  

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge. Original Article:   "Will a New BRICS Currency Change Anything? Maybe"