Audio Mises Wire

Since the end of World War II, the US dollar has been the world's reserve currency. That status may well change because US monetary authorities insist on inflating the dollar into oblivion. Original Article: "Dollar Hegemony Is Ending Due to Geopolitical Changes"

Supposedly, the "big news" is the decline of inflation. However, the monetary and political forces driving the latest bout of inflation have not gone away. Original Article: " The Great Phony Disinflation Enters Its Finale"

While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself. Original Article: " Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory"

After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect. Original Article: "Beyond Crisis: The Ratchet Effect and the Erosion of Liberty"

In a more reasonable world, people like Cheney, Rice, Bolton, et al., would all be forgotten, shamed, and disgraced for overseeing multiple disastrous wars abroad and the creation of a police state at home. Unfortunately, we don't live in a more reasonable world.  Original Article: " America Since 9/11: 22 Years of Lies and Despotism"

In the global Ponzi scheme, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein  wrote  in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.” Original Article: "The Coming Collapse of the Global Ponzi Scheme"

When Mises wrote that the fascists had "saved European civilization," he could have been describing Francisco Franco of Spain, who kept Spain from becoming a communist dictatorship. Original Article: "What Mises Really Thought about Fascism"

Being large doesn't make a country wealthy, nor does being small shrink a country's economy. Original Article: "No, Small Countries Are Not at an Economic Disadvantage"

Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety. Original Article: "Regulation in the Free Market: It’s Not What Most People Believe"

Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life. Original Article: " Is the Monopoly Board Game Like Real Markets?"

Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur. Original Article: " AI Lacks the Entrepreneurial Intelligence to Plan an Economy"

Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected. Original Article: " Inflation Is a Giant "Skim" on the American People"

While progressives blame climate change for the deadly Lahaina fire, government created the conditions for the blaze and then helped set it. Original Article: "Thanks to Government, Maui's Lahaina Fire Became a Deadly Conflagration"

If Staten Island is allowed to secede, our national technocrats fear that might open up countless similar demands for self-determination across the nation. For the elites, the current status quo works quite well and they want to keep it that way.  Original Article: "Let Staten Island Secede!"

As family life descends into crisis in the USA, many conservatives call for state intervention to "fix" things. It's state intervention that created the problems in the first place. Original Article: "Family Flourishing and State Denigration"

We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars. Original Article: "Eurodollars as a Fractional Reserve Market"

Members of Congress claim to be "concerned" over the proposed merger between LIV Golf and the PGA Tour. They should be supporting it or, even better, backing off completely. Original Article: " Golf Merger Is Opposed by Congress. This Is Misguided"

The real effects of the atomic bomb on Hiroshima were hidden from Americans until the New Yorker published an exposé in 1946. Americans finally were confronted with the truth—even if they didn't want to believe it. Original Article: "The Bombing of Hiroshima: The Crime and the Cover-Up"

The possible bankruptcy of Thames Water Company in Great Britain brings to mind the heady days 40 years ago when Margaret Thatcher's government was privatizing state-owned enterprises, including TW. Not all privatization stories have happy endings. Original Article: " Thatcher's New Style of Government"

Many conservatives, in trying to steer the USA away from "wokeism," fail to understand that their “national greatness” schemes are just as harmful. Original Article: " "National Greatness" Is Not the Appropriate Response to "Wokeism""

Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame. Original Article: "The Problem with Public Transit"

While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits. Original Article: " Easy Money Is a Much Bigger Economic Problem than Debt"

The rioting in France is not due to racism nor is it the logical end of immigration. Instead, it is rooted in France's minimum wage and other labor restrictions that lead to unemployment and resentment. Original Article: "France's Unrest Has Deep Roots. Proposed Immigration Restrictions Will Make Things Worse"

Modern American media has become so politicized that a once-venerable institution now cannot be trusted. Original Article: "Politics Has Infected Everything in Our Society, Especially the Media"

People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet. Original Article: "Voting with Their Feet: The Lure of Migration"