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  • Defining "Inflation" Correctly
    by Frank Shostak on June 5, 2020 at 5:00 pm

    The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. […]

  • Freedom and COVID-19
    by David Gordon on June 5, 2020 at 4:00 pm

    The title of my column is misleading, in that I’m not going to comment on what policies should be adopted toward COVID-19. Instead, I want to address some remarks by Leslie Green, a philosopher of law who teaches at Oxford. Green is very influential, and his book The Authority of the State is […]

  • There's No End in Sight to the Zombie Economy
    by Andrew Moran on June 5, 2020 at 3:00 pm

    Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear of a liquidity crisis, credit crunch, and worse. This Audio Mises Wire is generously sponsored […]

  • Why Abusive Cops So Often Keep Their Jobs
    by Tate Fegley on June 5, 2020 at 2:00 pm

    When you hear a cop has been fired from his job for some heinous act, be sure to check back a few months later. He may have been rehired thanks to the fact that it's very easy for cops to appeal termination and win. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by […]

  • Notes on Trump's Executive Order for Tech...
    by Jeff Deist on June 5, 2020 at 2:00 pm

    Executive orders are inherently suspect and generally bad, not simply because of (at this point laughable) constitutional concerns, but because they establish another layer of de facto "laws" for which you and I have little legal recourse.  This Audio Mises Wire is generously sponsored by […]

  • Minneapolis Riots Are a Reminder That Police...
    by Ryan McMaken on June 5, 2020 at 2:00 pm

    Police are not legally obligated to provide protection from criminals. Nor are they motivated to go after hardened criminals or investigate violent crime. Self defense (or private security) is the only reliable option. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by […]

  • Riots: Not Fun or Profit for the Rest of Us
    by Llewellyn H. Rockwell Jr. on June 5, 2020 at 11:00 am

    Last Monday, May 25, George Floyd died in police custody after an arrest in Minneapolis. Floyd had moved to Minneapolis trying to "start a new life" after a long prison sentence. According to one account, "Floyd was charged in 2007 with armed robbery in a home invasion in Houston and in 2009 […]

  • The Media Has Conveniently Forgotten George W....
    by James Bovard on June 4, 2020 at 7:00 pm

    Former president George W. Bush has returned to the spotlight to give moral guidance to America in these troubled times. In a statement released on Tuesday, Bush announced that he was “anguished” by the “brutal suffocation” of George Floyd and declared that “lasting […]

  • Entrepreneurship in the Time of COVID-19
    by Per Bylund on June 4, 2020 at 4:00 pm

    Per Bylund, author of The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives has commented extensively here at mises.org, and in a variety of entrepreneurship-focused publications, about the economics of entrepreneursip. Editor Ryan McMaken recently asked […]

  • The Jones Act: 100 Years of Failed Protectionism
    by Jonathan Helton on June 4, 2020 at 11:00 am

    June 5 marks the one hundredth anniversary of the Jones Act, a law passed to protect the domestic water transportation industry from outside competition. This law has been touted as critical to the success of the industry, but in reality the Jones Act has done little to support it. Instead, […]

  • Two Analogies for the Economy That the Media...
    by Mark Thornton on June 3, 2020 at 9:15 pm

    Ultimately, we need not rely on the government (i.e., the “king’s men” putting Humpty-Dumpty back together again). People acting freely in a marketplace could do it all by themselves. If only the government would let them. This Audio Mises Wire is generously sponsored by […]

  • Mr. Trump, Don't Deploy the Military to American...
    by Ryan McMaken on June 3, 2020 at 9:15 pm

    We live in a time when it is commonly assumed that the president of the United States ought to intervene everywhere—both domestically and globally—and solve every problem. The fact that these interventions rarely solve any problems of any kind is apparently of little importance. What […]

  • Indebted: How Families Make College Work at Any...
    by Jeffrey Degner on June 3, 2020 at 7:00 pm

    Indebted: How Families Make College Work at Any CostCaitlin ZaloomPrinceton: Princeton University Press, 2019viii + 267 pp. Abstract: In Indebted: How Families Make College Work at Any Cost, Caitlin Zaloom gives a compelling anthropological vision of the struggles that families face in providing […]

  • Progressives and the Origins of the Economic...
    by J. Edward Britton on June 3, 2020 at 4:00 pm

    There was a time when free market economists were some of the most highly praised intellectuals in the modern world. In the early twentieth century, Austrian economics was understood for what it truly is: a social science based on praxeology and human action. But from the mid-1900s through the […]

  • Richard Cobden: Exemplar of Liberty, Property,...
    by Gary Galles on June 3, 2020 at 11:00 am

    For years, I have had a Mises coffee mug that endorses liberty, property, and peace. And it gets a fair amount of use, which keeps reminding me of those essential building blocks of a good society. But the last time I used it, I happened to be reading about Richard Cobden, whose June 3 birthday is […]

  • The German Court's Unexpected Blow to the ECB
    by Claudio Grass on June 2, 2020 at 11:00 pm

    A high German court recently ruled that the European Central Bank has overstepped the bounds of its power. The angry response from high-ranking European bureaucrats tells us a lot about what they want for the EU. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by […]

  • An L-Shaped Recovery Is Not an Anomaly, It Is the...
    by Daniel Lacalle on June 2, 2020 at 8:00 pm

    The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even […]

  • War for Hong Kong?
    by Llewellyn H. Rockwell Jr. on June 2, 2020 at 7:00 pm

    President Trump faces trouble, and he is handling it in a dangerous way. Our economy is reeling as the Fed pours out billions of dollars in a futile effort to avert disaster. We know to our cost that politicians, faced with crisis at home, provoke war "to busy giddy minds with foreign […]

  • Pandemic Wagering: Tesla or Table Tennis?
    by Doug French on June 2, 2020 at 6:00 pm

    One clue as to why the stock market has rebounded while daily economic news grows worse could be the flood of new punters betting on stocks, from high-flying tech shares to dead-in-the-water leisure stocks. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian […]

  • Three Ways Lockdowns Paved the Way for These Riots
    by Ryan McMaken on June 2, 2020 at 5:00 pm

    There were many reasons to oppose the COVID-19 lockdowns. They cost human lives in terms of deferred medical treatment. They cost human lives in terms of greater suicide and drug overdoses. Domestic abuse and child abuse have increased. There is also good reason to believe that […]

  • New York: The Corona Crisis Shows the Benefits of...
    by Peyton Gouzien on June 2, 2020 at 4:00 pm

    One unintended effect of the COVID-19 pandemic has been to highlight the state’s ineptitude in dealing with pandemics. Specifically, it shows the dramatic consequences that one-size-fits-all measures have for areas whose specific needs are not properly addressed by the approach or […]

  • Five Ways to Improve Social Media (and the...
    by Peter G. Klein on June 2, 2020 at 4:00 pm

    There are two mainstream positions on Trump’s recent Executive Order on Preventing Online Censorship and section 230 of the 1996 Communications Decency Act (CDA): 1) the Electronic Frontier Foundation (EFF)/Techdirt liberal/libertarian view that Twitter, Facebook, etc. are private firms and […]

  • Steve Phelan Explains Why Entrepreneurial...
    by Hunter Hastings on June 2, 2020 at 3:30 pm

    Key Takeaways and Actionable Insights What is Entrepreneurial Intelligence? For Steven Phelan, “It’s all about the spark” — the moment of inspiration in combining disparate elements together to develop a new solution. Humans draw on “the fringes of consciousness” […]

  • The Cost of Lockdowns in Human Health and Human...
    by Ryan McMaken on June 2, 2020 at 2:15 pm

    Of course, anyone who deals in interacting with the real world (i.e., not lifelong bureaucrats like Fauci, who needs not exhibit any actual competence to collect his $400,000 paycheck) understands that preserving and augmenting wealth is key in enhancing health and life. This Audio Mises Wire is […]

  • Why Abusive Cops So Often Keep Their Jobs
    by Tate Fegley on June 2, 2020 at 11:00 am

    Listen to the Audio Mises Wire version of this article. What does it take to fire a cop? In comparison to several other high-profile cases in which a police officer has killed someone on video, things have moved remarkably fast in the George Floyd case. The other four officers […]

  • Michael Flynn, Lori Loughlin, and the Permanent...
    by William L. Anderson on June 1, 2020 at 7:00 pm

    When US attorney general William Barr recently announced that the Department of Justice was reversing course and dropping all charges against former Trump adviser Michael Flynn, the response from Democrats, the mainstream news media, and Never-Trump Republicans such as David French was […]

  • There's No End in Sight to the Zombie Economy
    by Andrew Moran on June 1, 2020 at 4:00 pm

    Listen to the Audio Mises Wire version of this article. The United States was waiting for the zombie apocalypse. The country was given a coronapocalypse instead. But could the two events merge and provide the nation with a dangerous economic trend? Corporate America’s […]

  • In the Lockdown Fight for Local Control, Colorado...
    by Ryan McMaken on June 1, 2020 at 3:00 pm

    Some county governments in Colorado have made it clear that they don't intend to adhere to the governor's ongoing edicts requiring business closures and mandating social distancing. And it's unclear that the governor is willing to burn the political capital to force county governments to do so. […]

  • Coronavirus Propaganda Mimics War Propaganda
    by Jeff Deist on June 1, 2020 at 11:30 am

    Propaganda kills, but it also works. Many of the same tactics employed to destroy opposition to the Iraq War are being used today against opponents of lockdowns. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "Coronavirus […]

  • Why Socialists Love the Phrase "It's Not Real...
    by Peyton Gouzien on June 1, 2020 at 11:00 am

    The main reason that the socialists have had the staying power that has, luckily, eluded the Nazis is the argument that these self-acclaimed socialist regimes were “not real socialism.” One influential intellectual responsible for popularizing this argument is philosopher Noam […]

  • Two Analogies for the Economy That the Media...
    by Mark Thornton on May 30, 2020 at 4:00 pm

    Listen to the Audio Mises Wire version of this article. In an attempt to maintain the lockdown and their authority over our lives, politicians, health experts, and the mainstream media have been misusing some unusual analogies to describe the current economy. By using these analogies, our political […]

  • Defining "Inflation" Correctly
    by Frank Shostak on May 30, 2020 at 4:00 pm

    Inflation is typically defined as a general increase in the prices of goods and services—described by changes in the Consumer Price Index (CPI) or other price indexes. If inflation is a general rise in measured prices, then why is it regarded as bad news? What kind of damage can it inflict? […]

  • An L-Shaped Recovery Is Not an Anomaly, It Is the...
    by Daniel Lacalle on May 30, 2020 at 11:00 am

    Listen to the Audio Mises Wire version of this article. Many analysts and economists are trying to predict the shape of the economic recovery post-COVID-19. To understand how the recovery may look, we need to look at past recoveries and at the history of pandemics. Starting with […]

  • Minneapolis Riots Are a Reminder That Police...
    by Ryan McMaken on May 29, 2020 at 11:00 pm

    Listen to the Audio Mises Wire version of this article. Looting and arson have followed what began as peaceful protests in response to the apparent killing of George Floyd by Derek Chauvin, a now former member of the Minneapolis Police Department. But whatever was the spark that […]

  • A Florida Physician Runs for Congress
    by Michel Accad, Anish Koka on May 29, 2020 at 8:15 pm

    What does it mean to promote a politically conservative vision for health care? Our guest is Dr. Leo Valentin, a radiologist running as a Republican candidate for US Congress in Florida’s District 7.

  • The Hydroxychloroquine Controversy Is a Reminder...
    by Nick Hankoff on May 29, 2020 at 7:45 pm

    In a free country, doctors would be free to prescribe whatever drugs they wish to anyone for any reason. In fact, individuals should be free to buy drugs without a special government-required doctor's note. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian […]

  • The German Court's Unexpected Blow to the ECB
    by Claudio Grass on May 29, 2020 at 7:00 pm

    Listen to the Audio Mises Wire version of this article. Since the beginning of the year, the corona crisis has come to monopolize news coverage to the extent that a lot of very important stories and developments either went underreported or were ignored altogether. One such […]

  • Why Congressional "Oversight" of the Bureaucracy...
    by Gary Galles on May 29, 2020 at 6:30 pm

    Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites' interests, at the expense of the public they are supposedly working for. This Audio Mises Wire is generously sponsored by Christopher Condon. […]

  • What the Failed 55-MPH Speed Limit Law Tells Us...
    by Ryan McMaken on May 29, 2020 at 5:00 pm

    Americans were once harangued by government "experts" about the need to slow down on highways in order to save lives. Few listened. Today, laws demanding everyone "stay at home" may suffer a similar fate. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian […]

  • Nozick Once Again
    by David Gordon on May 29, 2020 at 4:00 pm

    I wouldn’t blame readers who think I’ve gone on too much about Nozick, but he is an important thinker, and his way of looking at problems differs so greatly from that of Mises and Rothbard that it’s useful to contrast the two different approaches. I’d like to begin by […]

  • Politicians' COVID Mania Ravages Maryland
    by James Bovard on May 29, 2020 at 11:30 am

    James Bovard reports form Maryland, where the COVID-19 lockdowns have decimated employment and the rules only apply to powerless ordinary people. Cops and politicians can do as they like. Narrated by Daniella Bassi. Original Article: "Politicians' COVID Mania Ravages Maryland​"

  • Three Ways Lockdowns Are Costing Human Lives
    by Klajdi Bregu on May 29, 2020 at 11:00 am

    The conversation about the lockdowns when the COVID-19 crisis started was centered on saving lives at the cost of the economy. This makes sense, since many of those making decisions were epidemiologists and we cannot expect them to fully understand the lockdowns' impact on the economy and human […]

  • 3 Reasons States Will Reopen Regardless of What...
    by Ryan McMaken on May 29, 2020 at 11:00 am

    Ever since state and local governments began imposing social distancing mandates, the media and policymakers have consistently exaggerated the role of the federal government in these measures. Early on, we heard about how “the United States” was locked down, and we now hear […]

  • Martial Law and Lockdowns: An Online Seminar with...
    on May 29, 2020 at 8:15 am
  • The CDC Slashed the COVID-19 Fatality Rate to a...
    by Ryan McMaken on May 28, 2020 at 9:00 pm

    Extraordinary claims require extraordinary evidence. The prolockdown crowd has been making extraordinary claims. Meanwhile, they have produced little evidence to support their claims. Narrated by Daniella Bassi. Original Article: "The CDC Slashed the COVID-19 Fatality Rate to a Fraction of Earlier […]

  • The Folly of "Ask What You Can Do for Your...
    by Gary Galles on May 28, 2020 at 7:15 pm

    Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice. Narrated by Daniella Bassi. Original Article: "The Folly of 'Ask What You Can Do for Your Country'​"

  • Rothbard on the Economics of Slavery
    by Mark Thornton on May 28, 2020 at 7:00 pm

    Abstract: Murray Rothbard wrote an unpublished note in the early 1960s on the economics of antebellum slavery. Essentially, it was a criticism of the methodology of the New Economic History, or cliometrics, of which Conrad and Meyer (1958a) was the breakthrough application, on the topic of the […]

  • Politicians' COVID Mania Ravages Maryland
    by James Bovard on May 28, 2020 at 4:00 pm

    Maryland politicians have destroyed more than four hundred thousand jobs in dictatorial responses purporting to thwart the coronavirus pandemic. “Nearly one in five Maryland workers have filed for unemployment” compensation, theBaltimore Sun reported. The situation is so bad that even […]

  • Michael Boldin on Hanging Out with 2 Live Crew...
    by Robert P. Murphy, Michael Boldin on May 28, 2020 at 12:45 pm

    Libertarians know Michael Boldin as the founder of the Tenth Amendment Center, but he started out as a leftist promoting clubs in LA and other major cities. In this fun conversation, Michael explains his origins and how he ended up advising state governments on how to kick the NSA out of their […]

  • The Hydroxychloroquine Controversy Is a Reminder...
    by Nick Hankoff on May 28, 2020 at 11:00 am

    After President Trump declared that he uses hydroxychloroquine, the Food and Drug Administration (FDA) walked back its advice against the drug and seemingly all others as well. “The decision to take any drug,” the head of the agency said, is “between a patient and their […]

 

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