Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
His policies took more than a million people off the income tax rolls, and 98 percent of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7 percent per year while he was in office.Original article: https://mises.org/mises-wire/silent-cal-had-lot-say
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Critics of Capitalism Misunderstand Economic Success
In a free society, legitimate economic success does not fall from the sky or come by force. Behind every fortune lies effort, risk, savings, time, discovery, validation, and social coordination.Original article: https://mises.org/power-market/critics-capitalism-misunderstand-economic-success
If we were to claim independence from the modern-day royalty of the beltway, the markets will ensure better holidays in the future.Original article: https://mises.org/mises-wire/how-government-ruins-4th-july-travel
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Unemployment Claims Reach the Highest Since 2018 (Ex...
With the exception of the "covid panic" and the mandated lockdowns, etc., last week was the highest total for ongoing unemployment claims since early 2018:Original article: https://mises.org/power-market/unemployment-claims-reach-highest-2018-ex-covid
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The Young Rothbard: An Uncomfortable Neoclassical...
Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.Original article: https://mises.org/mises-wire/young-rothbard-uncomfortable-neoclassical-economist
The Supreme Court has told Maryland parents their children do not have to sit through militant LGBTQ+ indoctrination classes, violating their religious values. Previous courts had forbidden parents from “opting out” of such sessions. This is a blow against government tyranny.Original article: https://mises.org/mises-wire/scotus-strikes-blow-against-public-school-indoctrination-young-children
A recession is defined by negative economic activity over several months with an accompanying decline in GDP. However, given the actual makeup of GDP, it is inaccurate to directly tie recessions to GDP at all.Original article: https://mises.org/mises-wire/why-recessions-are-not-about-declining-gdp
This summer, Hollywood is celebrating the 50th anniversary of its summer blockbuster “Jaws.” The making of such films provides a good analysis of how entrepreneurs operate in a world of uncertainty. Austrian economists are best able to understand how this process works.Original article: https://mises.org/mises-wire/entrepreneur-and-summer-blockbuster
The government argues that restoring state control protects Mexico’s resources from foreign exploitation and ensures that profits benefit Mexican citizens. However, removing competition and transparency lead to inefficiencies, increased costs, and an unreliable energy supply.Original article: https://mises.org/power-market/mexicos-energy-sector-goes-backward
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Two Sixties Rock Songs That Celebrate Capitalism’s...
For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together.Original article: https://mises.org/mises-wire/two-sixties-rock-songs-celebrate-capitalisms-greatest-creation
Western Civilization has brought great advances in culture and economics, yet no one is more relentless in trying to destroy this civilization than western intellectuals. Ricardo Duchesne lays it out in his book, Greatness and Ruin.Original article: https://mises.org/mises-wire/review-greatness-and-ruin-ricardo-duchesne
Historically, slavery has always been held together by violence, including slavery in the US. However, the actual history of slavery here is much more complex than what modern academics want to admit.Original article: https://mises.org/mises-wire/political-moralizing-about-history-slavery
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Fumes of a Failed System: Bolivia’s Gasoline Crisis
Bolivians are finding out the hard way that socialist energy means price controls, and price controls mean fuel shortages and long gas station lines. Socialism excels in unkept promises and Bolivia is no exception to that rule.Original article: https://mises.org/mises-wire/fumes-failed-system-bolivias-gasoline-crisis
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What the Modern Luddites Miss: Technology Makes Us...
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