Audio Mises Wire

The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are we to do? Original article: The Menace of the State    

The 2024 election will provide few solutions to the underlying pressures eroding American political norms. Regardless of the outcome, half the country will feel like they live under an occupational government. Original article: No Matter Who Wins, Half the Country Won’t Believe in the Election    

It is always a mistake to advocate government action, for there is no way you can fully anticipate how government will be used. Nor can you ever count on a slice of the population to be moral in its advocacy of the uses of the police power. Original article (2004): The Reality of Red-State Fascism    

One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it. Original article: The Keynesian Multiplier Fairy Tale    

While the US dollar is the world's “reserve” currency—at least for now—the reckless spending and money creation policies of the US government place the dollar in peril.  Original article: Can America Survive Global De-Dollarization?    

Progressives claim that the state grants us our rights, and that liberty can flourish only in the presence of a powerful state. The truth runs in the opposite direction.  Original article: The Presumption of Liberty    

Einstein's name is synonymous with brilliance, yet his great intelligence did not translate to logical economic thinking. Instead, Einstein embraced socialism, thinking that one could guide an economy like one guides a mathematical equation. Original article: Einstein Was the Greatest Physicist but Was Economically Illiterate    

In the spirit of a new Cold War, Matthew Kroenig and Dan Negrea have written a new book, We Win, They Lose: Republican Foreign Policy and the New Cold War, which tries to fuse the foreign policies of Ronald Reagan and Donald Trump. The result is a foreign policy Frankenstein. Original article: We Lose, They Lose: A Reagan-Trump Fusion    

“In 1988, Murray Rothbard wrote a great monograph called Ludwig von Mises: Scholar, Creator, Hero. I'd like to concentrate today on the third of the qualities, Mises as a hero.” Original article: Ludwig von Mises, Hero    

Would America’s federal government deliberately undermine recovery efforts to try to achieve its own desired political ends? Of course. Original article: The Regime Wants Appalachia To Suffer    

As real wages decline and middle-class savings are depleted, the government expands its influence, garnering support from a substantial portion of the populace. Original article: This Is a Slow-Motion Nationalization of the Economy    

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists.  Original article: Economic Calculation and the Entrepreneur    

The Old Right was a principled band of intellectuals and activists, who fought the “industrial regimentation” of the New Deal. They loathed tariffs and saw protectionism as a species of socialist planning. Original article: The Old Right Opposed Tariffs    

John Hasnas has written a new book outlining how societies operate with mutual cooperation and common law. According to David Gordon, it is a major contribution to libertarian social thought. Original article: A Major Contribution to Libertarian Social Thinking    

Modern historians romanticize the reign of the Tudors in England, but in reality, they were brutal to their subjects and they centralized power to the detriment of the people. Governments today continue this march against freedom. Original article: Repeating the Interventionist Excesses of the Tudor Period    

Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails. Original article: Simple Counters to Simplistic Critiques of Austrian Economics    

Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life. Original article: Understanding the Action Axiom: How It Shapes the Structure of Society    

Western governments are keen on pursuing “hate crimes” and criminalizing what it calls “hate symbols.” However, these governments reserve to themselves just how one defines “hate,” which is nothing more than an attack upon free speech. Original article: “Hate Symbols” and the Meaning of Liberty    

Vegas expected Renato “Sound Money” Moicano to lose his UFC fight against Benoit Saint Denis. Instead, he won and used the opportunity to promote the work of another Austrian economist. This time, it was Hans-Hermann Hoppe. Original article: Underdog Moicano Wins UFC Fight, Bashes Macron in France, Promotes Hoppe    

Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions enhance is more government power. Original article: Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition    

Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility. Original article: Yes, Car Seat Laws Reduce the Birth Rate    

While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law. Ludwig von Mises, however, knew that the welfare state is the ubiquitous slippery slope. Original article: Hayek on the Welfare State    

When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system to work, protecting private property, and so on. But there is more. Original article: What is Old School Economics?    

What if we could have eavesdropped on a conversation between Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen? It might have gone as follows....  Original article: “I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates    

Home prices continue to rise as the government tries to further intervene into the housing markets, all in the name of the “American Dream.” However, remember that these massive increases in housing prices began when the government decided to make housing more “affordable.” Original article: Home Ownership Is Not the American Dream