Tag Archives: 6b) Mises.org

United States military conscription, or the draft, ended on January 27, 1973, with the winding down of the Vietnam War. The draft law was due to expire at the end of June 1971. But US President Richard Nixon decided it needed to continue and asked Congress to approve a two-year extension. In March 1973, 1974, and 1975, the Selective Service assigned draft priority numbers for all men born in 1954, 1955, and 1956, in case the draft was extended—but it never was. Nixon...

Trump is essentially being prosecuted for questioning the outcome of an election, and federal paranoia about protecting its own aura of legitimacy is entering a new highly aggressive phase.  Original Article: "The United States vs. Donald J. Trump" [embedded content] Tags: Featured,newsletter

One of Ludwig von Mises’s important contributions to economics was demonstrating the impossibility of economic calculation under socialism. He did it by showing three necessary preconditions for the generation of meaningful market prices in the factors of production—private property, freedom of exchange, and sound money. Since socialism would, by definition, socialize the factors of production, there would be no nonarbitrary and meaningful way to calculate the prices...

David Gordon take a critical look at Markus Gabriel's Moral Progress in Dark Times, and although he finds parts that are disturbing, he also discovers important areas of agreement. Original Article: "Outside the Universe?" [embedded content] Tags: Featured,newsletter

President Biden makes the false claim that wind- and solar-generated electricity are cheaper than power generated from coal and oil. Original Article: "Wind and Solar Are NOT Cheaper than Coal and Oil" [embedded content] Tags: Featured,newsletter

According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies. Original Article: "Is Boycotting Target a Legitimate Protest or an Act of Terrorism?" [embedded content] Tags: Featured,newsletter

In this week's episode, Mark reviews what people have said about Fitch's downgrade of US government debt. Mark sees it as a good thing, but not good enough. The "minor issue" in the latest debt ceiling agreement is ignored by the mainstream media: politicians suspended the debt ceiling into 2025, rather than raising it to some arbitrary, higher figure. Be sure to follow Minor Issues at Mises.org/MinorIssues. [embedded content]...

Why have central banks settled on a 2 percent price inflation target? Project Syndicate asked four economists about this target and whether it is still appropriate. I’ll summarize their answers and then consider Mises’s position on “stabilization policy.” Four Economists’ Answers to “Is 2 Percent Really the Right Inflation Target for Central Banks?” Michael Boskin, Stanford University professor, Hoover Institution senior fellow, and former chair of the Council of...

Yet again, the government destroyed a business partnership that not only promised but actively delivered benefits to consumers. The Northeast Alliance (NEA), a partnership between airline companies JetBlue and American Airlines, was ruled against in federal court after a battle with the Department of Justice (DOJ). Like the rulings of cases that came before it, this antitrust action is void of common sense. The NEA clearly does not establish a monopoly. JetBlue makes...

As Fed staffers no longer predict an impending recession, economists on social media are all assuring themselves that Americans are in store for a "soft landing." Mises Fellow Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008. Robert Lucas' Nobel Prize Winning Lecture: Mises.org/HAP407a Bob's Eerie Article from 2007 on the Recession: Mises.org/HAP407b...