Tag Archives: 6b) Mises.org

Former US President Donald Trump has expressed concern that China could displace the US dollar as the global reserve currency. The warning follows reports of agreements between various nations to use the yuan in commodity transactions. For years, rumors have circulated about the demise of the US dollar as a global reserve currency, but the greenback continues to be the most traded and extensively used currency in the fiat world. The US dollar is by far the most...

Most Western historians claim that World War I came about because of aggression from Germany and Austria-Hungary. However, Great Britain and its ANZAC allies were not innocent bystanders. Original Article: "How Australia and New Zealand Helped Provoke and Escalate the First World War" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

Recorded in Birmingham, Alabama on April 22, 2023. From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset". [embedded content] [embedded content] Tags: Featured,newsletter

Most Americans do not understand debt default. When it is explained, debt default comes off as immorally reneging on the financial obligations of the government. In contrast, libertarians have demonstrated that it is, in fact, moral and beneficial. However, when default is brought up, it is hardly ever discussed in terms of local governments. So, here is why your local government should leave their creditors in the dust. Government issued debt is essentially immoral....

Recorded in Birmingham, Alabama on April 22, 2023. From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset". [embedded content] [embedded content] Tags: Featured,newsletter

Why did Fox News fire Tucker Carlson? Some claim that Tucker had planned to leave the network all along, and merely resigned. He had even had a studio built in his own home. He was fed up with Fox and decided to call it quits, so the story goes. But this theory is belied by the fact that Tucker’s production team was taken entirely by surprise by the news. For instance, I received the following text message from Scooter Downey, a producer of Tucker Carlson Originals,...

Sen. Lindsey Graham recently called for US military intervention in Mexico to fight the drug cartels. Someone needs to remind him that Mexico is a sovereign country. Original Article: "Invading Mexico in the Name of the Drug War Is a Really Bad Idea" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

Keynesian economists say that during an economic slump, the government must run large budget deficits in order to keep the economy going. In contrast, Austrian economists maintain that increased budget deficits are usually monetized, leading to general price increases. Therefore, from this perspective, the government should avoid increasing budget deficits and instead balance the budget. Government Spending Takes Resources from Wealth Generators Governments do not...

In 1934, at the behest of Prime Minister R.B. Bennett and with the approval of Parliament, Canada’s central bank, the Bank of Canada (BOC), was founded. It began operations in 1935. Its job is “to promote the economic and financial welfare of Canada.” It is now 2023, and more than half of Canadians are living hand to mouth, a trend that has been well established for many years. How much longer do we have to wait for the BOC to do its job? The BOC continues to operate...

Writing for The Volokh Conspiracy, hosted by Reason magazine, George Mason University law professor Ilya Somin argues that the war in Ukraine amounts to a clash between liberal democracy and authoritarian nationalism and that these stakes must be taken into account when continuing to support Ukraine. Somin argues that the ideology of the winning side in a war receives a boost, pointing to the rise and then fall of fascism and communism. These examples are lacking, to...