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  • Howard Buffett on Conscription and American...
    by Howard Buffett, Trevor Daher on August 7, 2020 at 7:00 pm

    [Editor's note by Trevor Daher: On June 15, 1948, Howard Buffett rose once again on the floor of the House of Representatives to passionately defend the cause of human liberty. Being debated in Congress this time was the Selective Service Act of 1948, whereby Congress would establish the Selective […]

  • Joshua Gottlieb on Government Policy and...
    by Michel Accad, Anish Koka on August 7, 2020 at 4:00 pm

    Joshua Gottlieb is an economist who co-authored a recent paper examining the effect of government policy and physician income. The paper was recently presented at a conference co-sponsored by the NBER and NIA and its pre-publication has generated significant controversy among doctors. SHOW NOTES […]

  • Hayekian Coercion
    by David Gordon on August 7, 2020 at 4:00 pm

    The political theorist Douglas W. Rae, who has taught at Yale University for decades, likes Hayek’s account of freedom but wants to expand what counts as coercion. By doing so, he hopes to be able to extend the amount of permissible redistribution from what Hayek allows. In a lecture to his […]

  • Japan's Executive Pay Gap
    by Matthew Noyes on August 7, 2020 at 1:00 pm

    The highly regulated, protectionist Japanese economy, and an overall collectivist culture, leaves little room for flexibility in executive pay. This makes Japanese businesses less competitive, and work life more miserable. This Audio Mises Wire is generously sponsored by Christopher Condon. […]

  • From Lockdowns to "The Great Reset"
    by Antony P. Mueller on August 7, 2020 at 11:00 am

    The global "elites" of the World Economic Forum seek a "Great Reset" that will usher in a new and far more powerful technocracy defined by central planning and the end of freedom as we know it. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. […]

  • The Origins of the Dollar's Value
    by Frank Shostak on August 7, 2020 at 11:00 am

    Why does the dollar bill in one's pocket have value? The value of money is established, according to some experts, because the government in power says so. For some commentators the value of money is on account of social convention. What this implies is that money has value because it is […]

  • Adrian Lee Oliver on Police Abuse and the Pros &...
    by Robert P. Murphy on August 6, 2020 at 7:00 pm

    Adrian Lee Oliver wrote a Twitter thread on the BLM protests and how they are contributing to racial polarization. The thread took off, leading to Adrian's appearance on Benjamin Boyce's podcast. Bob wanted his own listeners to hear Adrian's personal story of police brutality along with his […]

  • The Hiroshima Myth
    by John V. Denson on August 6, 2020 at 7:00 pm

    Every year during the first two weeks of August the mass news media and many politicians at the national level trot out the "patriotic" political myth that the dropping of the two atomic bombs on Japan in August of 1945 caused them to surrender, and thereby saved the lives of anywhere from five […]

  • Say's Law and the Effects of a Growing Money...
    by Alasdair Macleod on August 6, 2020 at 4:00 pm

    Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian […]

  • Why the US Economy Is Stronger Than the Eurozone's
    by Daniel Lacalle on August 6, 2020 at 4:00 pm

    The United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States than in Japan, Germany, France, the average of the European Union 27, and the euro area […]

  • Trump's Spending Is Delaying a Recovery. Biden...
    by Daniel Lacalle on August 6, 2020 at 3:45 pm

    Debt matters, even if interest rates are low. Increasing debt and spending means lower growth and weaker real wages in the future. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "Trump's Spending Is Delaying a Recovery. Biden […]

  • Today's Anticapitalists Are Closer to Fascism...
    by Fabrizio Ferrari on August 6, 2020 at 11:00 am

    On the back of the economic crisis brought about by the covid-19 pandemics, we are witnessing—once more—so-called economists, historians, and pundits attempting to proclaim the failure of capitalism. Their criticisms of the capitalistic organization of human cooperation and coexistence […]

  • On the Impossibility of Intellectual Property
    by Jakub Bozydar Wisniewski on August 5, 2020 at 7:00 pm

    Abstract: The concept of intellectual property (IP) has been variously criticized as incompatible with natural rights and detrimental to the dissemination of innovations. In this paper I argue that it can be criticized on an even more fundamental level—namely as a praxeological impossibility. […]

  • How Murray Rothbard's Theory of...
    by Hunter Hastings on August 5, 2020 at 4:00 pm

    Recently, on the Human Action Podcast, Jeff Deist and I discussed the Rothbardian theory of the entrepreneurial economy in chapter 8 of Man, Economy, and State, titled "Production, Entrepreneurship, and Change." In this article I will illustrate just how this Austrian theory is applied effectively […]

  • Keep Those Federal Troops out of American Cities
    by Ryan McMaken on August 5, 2020 at 2:00 pm

    The American revolutionaries created a decentralized, locally controlled polity for a reason. Abolishing federalism to achieve short-term political ends is a reckless way to go. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: […]

  • Hopes for "China-ization" of Europe's Economy...
    by Brendan Brown on August 5, 2020 at 1:15 pm

    If there is a new dawn, it is for the Sinicization of Europe—China-style stimulus administered alongside a severely ailing financial system kept whole by widespread financial and monetary repression. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by […]

  • The Problem with British Slavery Reparations in...
    by Lipton Matthews on August 5, 2020 at 11:00 am

    Recently a spate of prominent British companies apologized for their past involvement in slavery. Some have even declared intent to pay reparations. As private organizations these entities have the right to make their own choices on reparations. Their stated reasoning, however, demands […]

  • The Media Said Europe "Beat Back" Covid. But Now...
    by Ryan McMaken on August 4, 2020 at 11:15 pm

    In recent days governments in Australia, Europe, and the US have moved toward imposing a new wave of forced lockdowns in the name of fighting the spread of COVID-19. Australia has imposed harsh new lockdown measures, including a curfew from 8 p.m. to 5 a.m. CNN reports: Those restrictions include a […]

  • The Origins of Individualist Anarchism in the US
    by Murray N. Rothbard on August 4, 2020 at 7:00 pm

    [Libertarian Analysis 1, no. 1. (Winter 1970): 14–28] Libertarians tend to fall into two opposing errors on the American past: the familiar "Golden Age" view of the right-wing that everything was blissful in America until some moment of precipitous decline (often dated 1933); and the deeply […]

  • Ralph Welborn on the Ecosystem-Based Strategy
    by Hunter Hastings on August 4, 2020 at 5:15 pm

    Key Takeaways and Actionable Insights Business strategy and business model design has traditionally been firm-centric. Entrepreneurs are called upon to establish firms, to make the firm the locus of value creation through value proposition design, assembly of resources, and production; and to […]

  • Why Keynes Was Wrong about Consumer Spending
    by Frank Shostak on August 4, 2020 at 4:00 pm

    As a result of the coronavirus pandemic, most experts are of the view that it is the role of the government and central bank to minimize the damage inflicted by the virus—and the policy response to it—on the economy. The logic behind this reasoning is that increases in the demand for […]

  • Political Self-Determination and the...
    by Daniel Ajamian on August 4, 2020 at 11:00 am

    "The right of self-determination in regard to the question of membership in a state thus means: whenever the inhabitants of a particular territory, whether it be a single village, a whole district, or a series of adjacent districts, make it known, by a freely conducted plebiscite, that they no […]

  • Trump Can Ensure a V-shaped Economic Recovery by...
    by Walter Block on August 3, 2020 at 7:00 pm

    A U or V? That is the question—whether the economic recovery from the COVID-19 shutdown will be a long, drawn-out process, a wide, flattish U” or a sharp, upward-bound one, a V. To best wrestle with this question, let us look back a bit at some economic history regarding […]

  • Who Profits from Militarizing the Police?
    by William D. Hartung on August 3, 2020 at 4:00 pm

    Ever since images of the police deploying armored vehicles against peaceful demonstrators in Ferguson, Missouri, hit the national airwaves in 2014, the Pentagon’s program for supplying “surplus” military equipment to local police departments has been a news item. It’s […]

  • The Government Wants Your Crypto Data. And Lots...
    by Allan Stevo on August 3, 2020 at 11:30 am

    Cryptocoins aren't entirely anonymous, and the state is hard at work gathering as much information as it can on all crypto users. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "The Government Wants Your Crypto Data. And Lots of […]

  • How Central Banks Made the Covid Panic Worse
    by Kristoffer Mousten Hansen on August 3, 2020 at 11:00 am

    Introduction Historical events are complex phenomena, and monocausal explanations are therefore by definition wrong when explaining history. Many factors go into explaining why people and the world’s governments reacted as they did to the coronavirus. It is, however, my contention that […]

  • American Police Forces Were Created to Fight...
    by Chris Calton on August 2, 2020 at 1:30 pm

    Contrary to the popular narrative that government police establish law and order, there is good reason to believe that the advent of militarized police in the 1800s led to an escalation of riots and political corruption while offering little law or order. This Audio Mises Wire is generously […]

  • Shelton Derangement Syndrome: Which Republicans...
    by Tho Bishop on August 2, 2020 at 11:30 am

    Shelton’s nomination is best seen as a litmus test for Republican senators. Are they interested in ideological diversity within American institutions, or willing to stand with the academic gatekeepers that have given us the Leviathan we have today? This Audio Mises Wire is generously […]

  • Intellectuals and Socialism
    by Friedrich A. Hayek on August 1, 2020 at 7:00 pm

    [From the University of Chicago Law Review (Spring 1949).] I In all democratic countries, in the United States even more than elsewhere, a strong belief prevails that the influence of the intellectuals on politics is negligible. This is no doubt true of the power of intellectuals to make their […]

  • Man, Economy, and State: Entrepreneurship and...
    by Jeff Deist, Hunter Hastings on August 1, 2020 at 6:15 pm

    The Human Action podcast with Jeff Deist continues tracking Rothbard's Man, Economy, and State, this time focusing on the role of entrepreneurs in the production process (Chapter 8). Hunter Hastings joins the show with great insights into the social benefits of profit vs. interest, entrepreneurial […]

  • From Lockdowns to "The Great Reset"
    by Antony P. Mueller on August 1, 2020 at 4:00 pm

    Listen to the Audio Mises Wire version of this article. The lockdown in the wake of the coronavirus pandemic has accelerated the implementation of long-held plans to establish a so-called new world order. Under the auspices of the World Economic Forum (WEF), global […]

  • Japan's Executive Pay Gap
    by Matthew Noyes on August 1, 2020 at 11:00 am

    Listen to the Audio Mises Wire version of this article. One story has Japanese lawmakers worried about the future of Japanese enterprise. Nobel laureate Tasuku Honjo, whose research led to the creation of the revolutionary cancer drug Opdivo, is suing the company for […]

  • David Friedman on Physics, Coase,...
    by Robert P. Murphy on July 31, 2020 at 6:00 pm

    David Friedman is one of the pioneering theorists of anarcho-capitalism, as laid out in his book The Machinery of Freedom. In this free-wheeling discussion, he discusses physics versus economics, the work of Ronald Coase, his dad’s view of anarchism, and what happened to the SlateStarCodex […]

  • Buchanan and Anarchism
    by David Gordon on July 31, 2020 at 4:00 pm

    The economist James Buchanan, who along with Gordon Tullock founded the public choice school of economics, shares with Murray Rothbard a trait rare among his fellow economists. Like Rothbard, he is interested in political philosophy. He doesn’t agree with Rothbard’s anarchism, and […]

  • Yes, QE Creates Wealth Effects
    by Robert Blumen on July 31, 2020 at 1:30 pm

    According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. […]

  • When It Comes to Masks, There Is No "Settled...
    by Chris Calton on July 31, 2020 at 11:30 am

    A survey of the research shows that the science of mask wearing is hardly "settled." And this up-in-the-air nature of it all is a reminder of how immoral it is to impose mandates on people, backed with state violence. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by […]

  • Trump's Spending Is Delaying a Recovery. Biden...
    by Daniel Lacalle on July 31, 2020 at 11:00 am

    Listen to the Audio Mises Wire version of this article. The dramatic economic decline due to the COVID-19 crisis and the unprecedented recovery spending plans approved by President Trump will drive the fiscal 2020 United States budget deficit to a record $3.8 trillion, or 18.7 […]

  • Say's Law and the Effects of a Growing Money...
    by Alasdair Macleod on July 31, 2020 at 11:00 am

    Listen to the Audio Mises Wire version of this article. The credit cycle drives the business, or trade, cycle. It should be obvious that changes in the quantity of money, mostly in the form of bank credit, have an effect on business conditions. Indeed, that is why central […]

  • Bob Murphy Debates Thaddeus Russell on...
    by Robert P. Murphy on July 30, 2020 at 11:00 pm

    Thaddeus Russell, creator of Renegade University, has been arguing that libertarians should embrace postmodernism as their philosophical foundation, rather than blame it for today’s “social justice warriors” as Jordan Peterson has done. Bob profoundly disagrees, arguing that the […]

  • Say's Law and the Austrian Theory of the Business...
    by William L. Anderson on July 30, 2020 at 7:00 pm

    Abstract: Economists have tried to explain business cycles as well as fluctuations in the economy, but over the past two centuries, the explanations have fallen into two areas. The first area tries to explain business cycles as being the result of fluctuating aggregate demand; if overall demand for […]

  • Manny Sethi. Trauma Surgeon & US Senate Candidate
    by Michel Accad, Anish Koka on July 30, 2020 at 6:00 pm

    Manny Sethi is a trauma surgeon running to be the next senator from the state of Tennessee. He is the son of immigrants, and an unabashed conservative who discusses his journey from medicine to politics, as well as his views on healthcare. SHOW NOTES Manny Sethi: Twitter and BioWatch this episode […]

  • Hopes for "China-ization" of Europe's Economy...
    by Brendan Brown on July 30, 2020 at 4:00 pm

    Listen to the Audio Mises Wire version of this article. The emergence of the European Recovery Plan, taking final form during marathon negotiations in Brussels (July 18–21), has run in parallel with the euro and Italian government bonds, joining a wider asset market frenzy […]

  • Why the MSM Hates Judy Shelton
    by Robert Aro on July 30, 2020 at 1:30 pm

    The media wants Judy Shelton destroyed, because she once made some sensible comments about gold and fiat money. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "Why the MSM Hates Judy Shelton​".

  • Why Marxist Organizations Like BLM Seek to...
    by Bradley Thomas on July 30, 2020 at 11:30 am

    The Black Lives Matter organization explicitly states it seeks to "disrupt" the "nuclear family structure." In this, BLM is no different from countless other Marx-inspired organizations which seek to destroy the family as part of the "patriarchy." This Audio Mises Wire is generously sponsored by […]

  • MMT's Very Odd Definition of "Savings"
    by Robert Blumen on July 30, 2020 at 11:00 am

    Modern monetary theory, which is now experiencing its fifteen minutes of fame, contains a number of strange and counterintuitive propositions.1 Proponents claim that these propositions are not an economic theory, only an accounting identity. One of these is that the private sector can save […]

  • Scott Beyer Shows How Free Markets Can Revitalize...
    by Robert P. Murphy on July 29, 2020 at 11:00 pm

    Scott Beyer is the author of the Market Urbanism Report, which applies free market economic principles to urban issues, such as traffic congestion and housing affordability. Bob asks about these topics while bringing up obvious objections from the man on the street. Mentioned in the Episode and […]

  • A Future of Peace and Capitalism
    by Murray N. Rothbard on July 29, 2020 at 7:00 pm

    [This lively essay appeared in James H. Weaver, ed., Modern Political Economy (Boston: Allyn and Bacon, 1973), pp. 419–30, as chapter 28; it followed an essay by Professor Robert T. Averitt, to which Rothbard refers once or twice in his piece.] In order to discuss the "future of capitalism," […]

  • Avik Roy: The FREOPP plan for reopening schools
    by Michel Accad, Anish Koka on July 29, 2020 at 6:00 pm

    Reopening schools in the midst of a pandemic is a controversial topic. FREOPP, a non-partisan think tank founded by Avik Roy recently released a plan for reopening schools. We discuss some of the data from around the globe, as well as practical considerations related to opening schools. SHOW NOTES […]

  • The Government Wants Your Crypto Data. And Lots...
    by Allan Stevo on July 29, 2020 at 4:00 pm

    Listen to the Audio Mises Wire version of this article. The Venezuelan government recently announced that its Administrative Service for Identification, Migration and Foreigners (SAIME) is now accepting bitcoin as a payment method for passports. The problem with that is […]

  • New Unemployment Increased to 1.4 Million Last...
    by Ryan McMaken on July 29, 2020 at 3:30 pm

    The rising unemployment comes partly as a result of state governments forcing the closures of some businesses, or restricting operations, in the name of mandatory social distancing. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: […]

 

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