Klaus Schwab of the World Economic Forum has big plans for a “sustainable” future. Most of it involves the destruction of markets and basic human rights.

Original Article: “The Dystopian “Fourth Industrial Revolution” Will Be Very Different from the First One“.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

The United Nations has been the key institution in setting the stage for a global “Great Reset” devoted to global management of human society and of markets.

Original Article: “The United Nations and the Origins of The Great Reset“.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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What Germany Must Do for a Speedy Recovery
On June 29, the German parliament reacted as parliaments normally do when there is a problem, namely, by allowing the government to spend more. In order to respond to the economic difficulties due to the corona epidemic and the government restrictions, it passed a typical Keynesian stimulus package in order to boost

About twenty-four hundred years ago, the Greek philosopher Plato came up with the idea constructing the state and society according to an elaborate plan. Plato wanted “wise men” (philosophers) at the helm of the government, but he made it also clear that his kind of state would need a transformation of the humans. In modern times, the promoters of the omnipotent state want to substitute Plato’s philosopher with the expert and create the new man through eugenics, which is now called transhumanism. The United Nations and its various suborganizations play a pivotal role in this project which has reached its present stage in the project of the Agenda 2030 and the Great Reset.
The Struggle for a World Government
The Great Reset did not come from nowhere. The first

The world is currently in the midst of a newly aggressive drive to bring about a new socialist order through a powerful and “efficient” technocratic state. This new order has been labeled as “progressive,” but it is merely the latest version of the socialist impulse which we have seen before in the form of socialism and communism.
A War on Private Property
Summed up in a single sentence, the plans of the communists aim at the abolition of private property. From there, the other major demands follow, such as abolishing the family, nation, and countries, and finally, as Marx noted, “communism abolishes eternal truths, it abolishes all religion, and all morality.” In as much as the program of liberalism “if condensed into a single word….is private ownership of the

In his Man, Economy, and State, Murray N. Rothbard investigates not only the role of the capitalist but also that of the entrepreneur in a market economy. Rothbard uses the theoretical concept of the evenly rotating economy (ERE) to compare the role of the capitalist to that of the entrepreneur. Entrepreneurs earn profits in so far as they successfully correct the maladjustments in the real economy and move it closer to the ERE without ever attaining that state.
Evenly Rotating Economy (ERE)
The function of the entrepreneur is analytically different from that of the capitalist. Because the real economy, different from the evenly rotating economy, is dynamic and therefore subject to constant change, entrepreneurs are required who are active in coping with the

However high the death rate of the COVID-19 coronavirus becomes, the governmental response to the threat will be even more dangerous. If the current blockade of economic life continues, more people will die from the countermeasures than from the virus itself. In a short time, the basic supply of everyday goods will be at risk. By interrupting the global transport and supply chains, important medicines will be missing and food supplies will be insufficient. This is how a containment strategy works: operation successful, patient dead.
Government’s Main Strategy: Destroy Commerce
The main concern for those responsible for healthcare is not the absolute number of deaths, but “flattening the curve,” i.e., stretching out the frequency of cases of infection.
The model

[In the second part of this interview, Brazilian journalist André de Godoy speaks with Antony Mueller about the relationship between credit and money, the inflationary process, and its relation to the real economy. How will the current debt binge end? What comes after Quantitative Easing?]
André de Godoy: Ludwig von Mises mentions in his books that credit expansion is one of the causes of the inflation beyond the monetary expansion. What are the similarities and differences between those two phenomena?
Antony Mueller: Money comes into circulation through the channel of credit. Commercial banks get a loan from the central bank and provide loans to consumers, business, and government. Thus, there are two sources of credit creation and two basic types of money: