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Austrian economics recognizes change as a constant and provides guidance for adapting to it and managing it. Change is changing for business — it’s faster and more fundamental in the digital age. Austrian economics can help even more as a result of its practical and realist approach to adaptation and continuous adjustment. Knowledge Capsule Change is changing. Change is a constant. You can think of the market in constant flux, as Mises did, You can think in...

Ryan and Zachary talk about how wars are not nearly as cheap or economically harmless as many Americans seem to think. Rather, taxpayers must give up enormous amounts of resources to fund wars halfway across the globe that have little to do with actual defense. Americans are still paying interest on the trillions spent on Washington's many lost wars of recent decades. Additional Resources "On Paying for the Costs of War and War Loans" by Ludwig von Mises...

Like Bentham's panopticon, modern cancel culture is built upon fear and online bullying, making people police their own thoughts. Original Article: "Cancel Culture: The Digital Panopticon" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

Thirty years ago, FBI tanks smashed into the ramshackle home of the Branch Davidians outside Waco, Texas. After the FBI collapsed much of the building atop the residents, a fire erupted and 76 corpses were dug out of the rubble. Unfortunately, the American political system and media have never honestly portrayed the federal abuses and political deceit that led to that carnage. What lessons can today’s Americans draw from the FBI showdown on the Texas plains 30 years...

To describe anything in human life without the context of economics is to erase the reasoning behind why it even exists. Why do we need reasons for items and concepts to exist? Because it is helpful for every human to think critically about what is truly valuable in society and to give that human the best possible information to best serve the public. The arts are a fantastic aspect of our culture that display the talents of individuals for everyone to enjoy. What...

Overview: It has taken some time, but the dollar has found better traction. It traded above JPY135 for the first time since mid-March and yesterday's setback has been mostly recouped against the other G10 currencies. Sterling is the most resilient after higher-than-expected inflation. Equities are lower. Japan's Nikkei snapped an eight-day advance and most of the other large bourses in the region (except Australia and South Korea) fell. Europe's Stoxx 600 is off by...

The Swiss crypto exchange SMART VALOR and the financial intermediary SweePay has partnered to ensure that the purchase of cryptocurrencies at Swiss Federal Railways (SBB) ticket machines is simple, smooth and secure. Since 2016, it has been possible to buy crypto at the 1,500 (expected number of ticket machines as of 2023) ticket machines of the SBB. At the SBB ticket machines, users will receive their Bitcoin in a secure paper wallet when they buy the crypto. They...

Violent crime is on the rise in Canada, and its progressive democracy is helpless to stop it. Further empowerment of the state makes things worse. Original Article: "Canada's Impotent Justice System Is the Product of Dysfunctional Canadian Democracy" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

Every decade or so bank failures and the subsequent bailout response via central bank intervention appear. The latest jangling of depositor nerves involved US regional banks and a certain Swiss bank of great systemic importance. As James Grant writes in his book Bagehot: The Life and Times of the Greatest Victorian, “In economics, the most ostensibly rigorous of the social sciences, progress–and error, too–are cyclical; we keep stepping on the same rakes.” Sounding...

Democratic politicians and supporters are cheering the Trump indictment, but the entire process has been so politicized that its legitimacy is easily called into question. Original Article: "With the Trump Indictment, America Is a Step Closer to Being a Banana Republic" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...