Economic Indicators

Marxism versus Libertarianism: Two Types of Internationalism

There are two main philosophical and ideological schools of thought that include the problem of internationalism in their principles. The first is liberal internationalism, which developed within the framework of classical liberalism. The second is orthodox Marxism and its various derivatives that entertain the idea of proletarian internationalism. The concept of internationalism has different origins, […]

Economic Indicators

The Fed’s Inflation Is behind the Supply Chain Mess

It seems supporters of the Biden administration finally settled on a narrative they like for explaining away supply chain shortages. Here’s the administration’s talking point: the US economy is rolling along so well that Americans are demanding huge amounts of goods. That’s overwhelming the supply chain and causing the backups roiling America’s ports and logistic […]

Economic Indicators

Why Mises Rejected Common Notions of “Progress”

Ludwig von Mises has some characteristically acute and important comments on the idea of progress in history, and in what follows, I’d like to address some of these. In the way he develops his views, one of the key themes of his notion of ethics plays an important role. In contrast to those, like Herbert […]

Economic Indicators

The Tragedy of the Government’s Ban on Human Organ Sales

In late September surgeons successfully attached a kidney from a genetically modified pig to a human body, establishing a “proof of concept.” This is a large step in alleviating a massive shortage of cadaver or donated human body parts for those often desperate people in need of a transplant. Given the functionality of these pig parts and […]

Economic Indicators

What Spooner Can Teach Us in Our Age of Neofascism

Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern. Original Article: “What Spooner Can Teach Us in Our Age of Neofascism“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Economic Indicators

GDP Tells Us Little about the Health of an Economy

If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term. Original Article: “GDP Tells Us Little about the Health of an Economy“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Economic Indicators

Daniel McAdams on the Ron Paul Doctrine

Daniel McAdams of the Ron Paul Institute joins the show to discuss what might be termed the Ron Paul Doctrine: a combination of laissez-faire at home, decentralized domestic political power (up to and including secession), robust free trade, and strict non-intervention abroad, This doctrine—which mirrors Mises’s prescription for a liberal society—makes no phony distinctions between […]

Economic Indicators

Where Does Social Order Come From? Not the State.

Order and chaos (complete disorder) have long bookended people’s view of their circumstances. For instance, I have read that order versus chaos was the primary division in ancient Egyptian religion, where order also meant justice and chaos meant injustice. Much more recently, Henry Adams wrote that “Chaos was the law of nature; order was the […]

Economic Indicators

Venezuelans Turn to Gold Nuggets as the Local Currency Implodes

The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar.  The highest denomination currency note of 1 million bolivars, worth less than $.25, was replaced by a one-bolivar note.  At the same time, a 100-bolivar note, worth about $25.00, was introduced as the new highest denomination of the bolivar. The currency […]

Economic Indicators

Will Price Controls Make a Comeback?

Since the pandemic started, we have seen major imbalances to supply and demand in the global markets. Supply chain disruptions due to lockdowns and other regulations, restrictions in travel, trade and businesses shutting down while at the same time we saw a negative demand shock in air travel industries, restaurants, tourism, movie theaters, etc. Thus, […]