Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
Contrary to the expectation of the Luddites, we have only become wealthier than before and workers today enjoy much higher standards of living than workers in the past.Original article: https://mises.org/power-market/what-modern-luddites-miss-technology-makes-us-wealthier
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Trump Suffers From “Libertarian Derangement Syndrome”
Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.Original article: https://mises.org/mises-wire/trump-suffers-libertarian-derangement-syndrome
Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.Original article: https://mises.org/mises-wire/why-doge-failed
Economic sanctions, as a general principle, have a history of failure in the 20th and 21st centuries, which penalize everyday citizens in the sanctioned country.Original article: https://mises.org/mises-wire/economic-sanctions-adrenaline
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Members of Congress Introduce Comprehensive US Gold...
As US debt soars and foreign central banks stockpile gold, members of Congress introduce a bill to require a comprehensive audit of America’s gold reserves.Original article: https://mises.org/power-market/members-congress-introduce-comprehensive-us-gold-audit-legislation
Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.Original article: https://mises.org/mises-wire/disasters-government-enterprise
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Ted Cruz, Dispensationalism, and the State of Israel
Ted Cruz’s politics aren’t just conservative, they’re theological. Jonathan Newman explores how dispensationalism shapes US loyalty to the state of Israel.Original article: https://mises.org/power-market/ted-cruz-dispensationalism-and-state-israel
Total war against civilians didn't begin with World War II. It was official policy of the Union during the Civil War to lay waste to southern cities, towns, and farms. Tactics northern generals used against civilians became the blueprint for armed forces in Europe and Japan 80 years later.Original article: https://mises.org/mises-wire/total-war-against-civilians-never-justified
The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.Original article: https://mises.org/mises-wire/how-government-helps-create-congested-traffic
When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they can pass laws regulating prices and the like, they cannot repeal economic laws. Instead, they can only make things worse.Original article: https://mises.org/mises-wire/exploiting-moral-unseen
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Why Haters of Free Markets Love the Fruits of Free...
There are numerous critics of free markets. However, all of those critics also are consumers and they gladly depend upon free markets to satisfy their needs.Original article: https://mises.org/mises-wire/why-haters-free-markets-love-fruits-free-markets
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Jimmy Carter’s Legacy Is Much More than Good Deeds...
Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.Original article: Jimmy Carter’s Legacy Is Much More than Good Deeds Done in His Later Years
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A Praxeological Critique of the Equation of Exchange...
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.Original article: A Praxeological Critique of the Equation of Exchange and Neutrality of Money
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The Manifestation of Economic Laws Across Societies...
Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.Original article: The Manifestation of Economic Laws Across Societies and Epochs
One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law in a very questionable way to try to put Donald Trump in prison, while Trump promises to retaliate if he is elected.Original article: The Perils of Lawfare
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
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
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
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Simple Counters to Simplistic Critiques of Austrian...
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