Tag Archives: 6b) Mises.org

Never before have we seen an entire generation of young Americans being censored—and self-censoring—for making innocuous statements. This does not end well. Original Article: "The Censored Generation" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

San Francisco’s panel on reparations has issued a recommendation that qualified black residents in that city receive $5 million in reparations for the financial effects of slavery and/or racial discrimination. There was never slavery in the city of San Francisco, but the panel nevertheless suggested that city inhabitants must atone for racial discrimination. Such calls for reparations to black people are based on the notion of collective white guilt. But collective...

It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future.  Original Article: "Why Biden's Spending Is Unsustainable" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

People are arguing over whether artificial intelligence (AI) and robotics will eliminate human employment. People seem to have an all-or-nothing belief that either the use of technology in the workplace will destroy human employment and purpose or it won’t affect it at all. The replacement of human jobs with robotics and AI is known as “technological unemployment.” Although robotics can turn materials into economic goods in a fraction of the time it would take a...

With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we've seen in the past thirty-five years. Original Article: "Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a Thirty-Five-Year Low" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

I have previously explained how for Ludwig von Mises, democracy is necessary for the libertarian society because of its usefulness in achieving and maintaining social peace, insofar as social peace is a prerequisite for economic and civil liberty. This time I want to explain an idea that is implicit in Mises’s subjectivist philosophy and that leads him to defend democracy, understood as the consent of the governed, but which may go unnoticed because it is dispersed...

All of Al Gore's children went to Harvard. Are we really to believe that this is because the Gore kids had the most "merit"? The only real  meritocracy is in the marketplace.  Original Article: "The "Meritocracy" Was Created by and for the Progressive Ruling Class" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

With the apparent failure of Silicon Valley Bank (SVB) potentially causing a crisis in the American and even the global financial system, we will be treated to all manner of explanations, very few of which will accurately state the cause of these troubles: fractional reserve banking. In modern banking there is little separation between warehouse and investment banking. The downside of investment banking is a potential loss of money since no investment can be a sure...

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in eighteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.0 percent year over year in February before seasonal adjustment. That’s down from January’s year-over-year increase of 6.4 percent, and February is the...

Adam Smith published The Wealth of Nations in 1776, at the beginning of the Industrial Revolution. The book was the result of twenty years of observation of human action and identification of the mechanisms and processes that lead to economic efficiency and to our well-being. The book was written at a time when guilds had not yet completely disappeared, even though it was already known that the guild system was a brake on innovation and freedom of trade, that guilds...