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Tag Archives: 6b) Mises.org

Real Wages Fall for Two Years Straight as “Transitory” Inflation Turns Stubborn

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in twenty-three months. According to the BLS, Consumer Price Index (CPI) inflation rose 5.0 percent year over year in March before seasonal adjustment. That’s down from February’s year-over-year increase of 6.0 percent, and February is...

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Prevent Future Losses Like East Palestine by Reducing Regulation and Empowering Torts

On February 3, 2023, on Norfolk Southern Railway’s general merchandise freight train 32N, a suspect bearing on the twenty-third car measured at 38°F above ambient, then 103°F above ambient, then 253°F above ambient. In East Palestine, Ohio, eleven tank cars derailed and hazardous materials ignited. First responders mitigated the fire, but afterward the temperature was still rising in one tank car that carried vinyl chloride liquid. Responders expanded the evacuation...

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Lincoln’s Main Target Was “Anarchy” and Secession, Not Slavery

In a recent column, I discussed an argument about secession made by Abraham Lincoln and sympathetically expounded by Michael P. Zuckert in his important book A Nation So Conceived. Lincoln maintained that a nation once formed could not allow secession because doing so would open it to unlimited fissiparous tendencies, culminating in anarchy. This argument did not address the problem of slavery, surely relevant to the concrete circumstances of the Civil War. Zuckert...

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If at First You Don’t Secede . . .

David Gordon explores how Abraham Lincoln's stated view on secession was fundamentally Hobbesian, cynical, and violent.  Original Article: "If at First You Don't Secede . . ." This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

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Disinformation and the State: The Aptly Named RESTRICT Act

The RESTRICT Act (Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act) has recently been making the rounds in the media, and rightfully so. The act is truly terrifying, but more than the open tyranny that it would further, the act illustrates a very clear problem from the perspective of the state. In previous eras, either formally or informally, the state exercised a great deal of control over the information...

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How Government Schools Use Bad History to Promote the State

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at common American history myths baked into government school curriculums. While Republican governors have begun to prioritize removing "critical race theory" and other forms of modern "leftwing indoctrination" from textbooks, there are a number of historical episodes left unchallenged that all lead to a deification of state power and a celebration of progressive politics. [embedded content]...

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156 Million Americans Now Live in States with Legal Recreational Marijuana

Over the past year, three US states have enacted new legislation legalizing recreational marijuana within their borders. In May 2022, recreational cannabis became legal in Rhode Island, and the same occurred in Missouri in December of last year. In the wake of the 2022 election, in which Maryland voters approved Maryland Question 4, recreational use became legal in that state as well. With the addition of Rhode Island, New Hampshire—where cannabis is "only"...

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A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises

The original vicious circle starts with inflationary interventions in an up-to-then well-anchored monetary regime. Consequent asset inflation spawns a banking crisis. That leads to the installation of anticrisis safety structures (one illustration is a novel or enhanced lender of last resort). Alongside a possible monetary regime shift, these damage the money’s anchoring system. A great asset inflation emerges and leads on to an eruption of another banking crisis,...

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Why the Regime Needs the Dollar to Be the Global Reserve Currency

Even a partial weakening of the dollar's global demand will limit the US regime's ability to throw its weight around internationally. Yet Washington is unwilling to do what's necessary to prevent it.  Original Article: "Why the Regime Needs the Dollar to Be the Global Reserve Currency" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

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