Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
It may not have been created in the lab of a mad scientist, but the euro is still a manufactured, cobbled-together currency made from a number of national monetary units. Indeed, it is the perfect Frankenstein currency.Original article: The Euro Is a Frankenstein-Currency
Commonsense safety measures are being replaced in our working culture by an impossible “no risk” standard. A culture of “can do” is replaced by the culture of fear.Original Article: Fear is the mind killer: America’s dangerous obsession with ‘safety’
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Government regulation of competitive firms creates...
Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.Original Article: Government regulation of competitive firms creates monopolies
Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.Original Article: The Limitations of Economic Laws
Issues of immigration are complex. The current system of open borders, detention and expanding access to welfare is destructive to our body politic. We need to come up with a better system that protects the rights of all.Original Article: Natural rights and the American border
Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.Original Article: How Corporate Bailouts Inflate the Money Supply
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Julian Assange, the Chevron Doctrine, and the case...
Last week, Julian Assange was freed and the Chevron doctrine was overturned. These are huge wins for liberty. Not long ago, they felt completely out of reach.Original Article: Julian Assange, the Chevron Doctrine, and the Case against Pessimism
Javier Milei’s recent “snub” of Spain's political establishment during a recent visit there may have been a “violation” of diplomatic protocol, but it also was a statement that Spain’s socialism itself is uncivilized.Original Article: Milei Snubs the Spanish Political Establishment
Academic elites claim that there is no objective truth, only social constructs. Thus, people can create their own reality in many areas, and everyone else is expected to accept whatever “reality” is presented—or face serious consequences.Original Article: Reality Is NOT a Social Construct
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Varying Interpretations of Truth, or Truth as a...
As the progressive Left expands its occupation of our institutions, the concept of truth itself becomes little more than a weapon to utilize to achieve political goals.Original Article: Varying Interpretations of Truth, or Truth as a Social Construct
Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.Original Article: Bureaucracy: The Death Knell of Higher Education
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Human Ignorance Is an Unstable Basis for Liberty and...
While F.A. Hayek saw human ignorance as the basis for what he called spontaneous order, Ludwig von Mises saw human reason as the basis for praxeology.Original Article: Human Ignorance Is an Unstable Basis for Liberty and Praxeology
It has been nearly eighty years since the US used atomic warfare on Japan as a way to end World War II. The legacy of that event is not one of peace but of outright madness.Original Article: From Milk Runs to MAD to Madness
A common complaint is that the 1964 Civil Rights Act started in the “right direction,” valuing so-called equality of opportunity, but then went off the rails with “equality of result.” In truth, the act cannot be reconciled with a libertarian society.Original Article: The “Equality of Opportunity” Fallacy
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The State Wants to Nationalize Second Mortgages. What...
As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.Original Article: The State Wants to Nationalize Second Mortgages. What Possibly Can Go Wrong?
The socialist elites that dominate our institutions insist that private property is nothing more than a social construct held together by violence. As usual, they misunderstand that scarcity itself, which is the basis for economics, is also the basis for private property.Original Article: Private Property Comes from Scarcity, Not Law
The abolition of chattel slavery was a great advancement for human liberty. But many of those celebrating Juneteenth today still accept the core assumptions that underlie slavery.Original Article: The Problem with Juneteenth
What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.Original Article: The State’s Best-Kept Secret
Murray Rothbard noted that the culture wars are not the result of conservative intransigence but rather of progressive elites’ insistence on forcing new cultural rules on people who don’t want to be coerced.Original Article: Resisting the Brave New Culture
In its attempt to claim that the concept of free trade is full of fallacies, The American Compass builds its anti-free trade case upon...fallacies.Original Article: The Fallacies of Conservative Protectionists