It is well known that socialism is a shortage economy. It is the economy of inefficiency and corruption, of indifferent workers and of bigwigs, of lacking spare parts, of lacking funds, of failure, of permanent reform needs and of constantly unsuccessful reforms. This concerns in particular total socialism, as it was realized in the Soviet […]
We can see that these massive trillion-dollar stimulus programs generate a virtually nonexistent long-term positive impact, just a short-term bounce that lasts less than a quarter. Original Article: “The Weak Jobs Report Shows the Failure of Keynesian Policies“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Mises Wire readers are probably familiar with nineteenth-century American proto-libertarian Lysander Spooner (1808–87). Spooner’s radical challenges to statism are best summed up by the title of Murray Rothbard’s edited collection of Spooner’s greatest writings: Let’s Abolish Government. Spooner was a great American, an anarchist committed to the free administration of justice, anticollectivism, dismantling slavery, and preventing the federal […]
Editor’s Note: Interest rates and inflation are certainly connected to efforts on the parts of central banks to loosen and tighten the money supply. These relationships, however, are much more complex than many people suppose. As we’ve seen in recent weeks, with constant talk about what the Fed will do next, expectations are an important […]
Google says it can only tolerate “accurate” information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread. Original Article: “Why Did Google Ads Ban LewRockwell.com?“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
By late in the second decade of the twenty-first century, we could say that the long-term US interest rate market had been dysfunctional for a long time. We could identify the starting point as being the immediate aftermath of the Nasdaq bust and recession of 2000/01. In signalling that the rise in the Fed funds […]
[Excerpted from Human Action, Scholar’s Edition, pp. 423–425] The deliberations of the individuals which determine their conduct with regard to money are based on their knowledge concerning the prices of the immediate past. If they lacked this knowledge, they would not be in a position to decide what the appropriate height of their cash […]
Research reveals that in sub-Saharan Africa children in polygamous families are 24.4 times more likely to die when compared with children in monogamous families. Original Article: “Polygamy Is a Problem for Economic Development“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Anyone with a conscience can easily see that assassinating Julian Assange would be just plain murder. Yet, the reaction to all this from the mainstream press has been one great big collective yawn. Original Article: “The CIA Has Stultified American Consciences“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The world we come from had lots of death. Every society we know of before the mid-1800s or so saw more than one in four children die during their first year of life. Of those who made it through this first difficult year—through disease, malnutrition, famines, or natural disasters—another quarter or so died before they […]