Tag Archives: 6b) Mises.org

According to some commentators, the US banking crises is over, or at least can be easily managed by the Federal Reserve System. In addition, the Fed chairman has vouched for the health of the US banking sector. However, the banking crisis is likely in its early stages. What has started as the collapse of regional banks is likely to spread to national banks. The key reason for that is the decline in the pool of savings and continuation of fractional reserve lending in...

President Biden recently claimed that "trickle-down economics" doesn't work but transferring wealth from taxpayers to politically connected people is the real trickle-down economics. Original Article: "Government Redistribution Is the REAL Trickle-Down Economics" [embedded content] Tags: Featured,newsletter

[This article is adapted from a lecture delivered at the Reno Mises Circle in Reno, Nevada. on May 20, 2023.] We are faced today with a concentrated attack on the great thinkers of the Western tradition, who are dismissed as “dead white European males.” Robert Nozick used to say that what offended him most in this phrase was the word “dead.” It’s not nice to beat up on people who can’t fight back because they are no longer here! But the attack I’m talking about is no...

In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a revisionist Rothbardian lens to American history. Was the American revolution a good thing? Was Andrew Jackson better than Thomas Jefferson? Does a historical narrative really matter? Tune in for this and more! [embedded content] New Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug  PROMO CODE: RothPod for 20% off [embedded content]...

In this episode of Good Money, Tho Bishop is joined by Dr. Jonathan Newman to discuss the real costs of government spending. The end of the debt ceiling battle has resulted in the predictable outcome of normalizing the fiscal insanity of covid-era spending. Tho and Jonathan discuss how this was predictable to those familiar with the work of Dr. Robert Higgs, how mainstream GDP measures miss the true costs of government, and alternative approaches Austrian economists...

After countless predictions of economic armaggeddon and panicky entreaties to raise the debt ceiling with no strings attached, the Biden White House and Congressional Republicans agreed on a new budget deal this week that does virtually nothing at all to change the status quo. The deal in no way returns federal spending to pre-covid levels. At best, the deal does "limit" spending by placing tentative caps on spending which—assuming they are not abandoned in the face...

Like snobby teenagers claim of themselves, many say that “nobody understands artificial intelligence (AI).” For example, in a recent interview between Jordan Peterson and Brian Roemmele about ChatGPT, Jordan Peterson claimed that “The system is too complex to model” and each AI system is not only incomprehensible but unique. He further claims that “some of these AI systems, they’ve [AI experts] managed to reduce what they do learn to something approximating an...

Calls for black consumers to "Buy Black" can be interpreted as socially divisive, but they are also a way to encourage black entrepreneurs in a free market. Original Article: "The "Buy Black" Movement: Divisive or a Boon to Black Entrepreneurs?" [embedded content] Tags: Featured,newsletter

Americans have long thought of themselves as people of action. As Leonard Read noted in his article “How to Gain Liberty,” the sentiment “I want less talk and more action” is (or at least once was) common among Americans. It even extends to situations when people recognize that their liberties are threatened. But then the question arises as to what sorts of action are appropriate in defense of our liberties: Thus speak Americans when they suddenly awaken to the fact...

On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to "solve" the problem. Be sure to follow the Fed Watch Podcast at Mises.org/FedPod. Recommended Reading "The Fed’s Capital Goes Negative" by Alex J. Pollock: Mises.org/FW_01_A "Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy?" by Alex J. Pollock and Paul H....