Secularists cheer the decline of religion in Western societies, but that loss comes at a huge cost: the decline of civilization itself. Original Article: "Loss of Religious Belief Is a Greater Loss for a Civilized Society" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags:...
Read More »China’s Emerging Global Leadership Isn’t Just the Result of Subsidies: Entrepreneurship Still Matters in This Market
It is easy to dismiss Chinese advancements in electric vehicles as the result of government subsidies, but private entrepreneurship also is playing a major role. Original Article: "China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content]...
Read More »Artificial Intelligence Can Serve Entrepreneurs and Markets
In our technocratic age, it is easy to dismiss the latest technological developments as an avenue toward freedom, but some of them still bode well for markets. Original Article: "Artificial Intelligence Can Serve Entrepreneurs and Markets" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content]...
Read More »The Fed’s “Disinflation” Story Just Flew Out the Window
Mark talks about the recent price inflation reports, as well as reports of job openings from private sector job placement companies. Inflation was higher than expected and job openings declined. What will the Fed do? People are making painful adjustments—Domino's reported disappointing sales, because their customers are "eating in". Be sure to follow Minor Issues at Mises.org/MinorIssues. [embedded content]...
Read More »Altruism vs. Materialism in Market Exchange
[Excerpted from chapter 6 "Antimarket Ethics: A Praxeological Critique" of Power and Market.] One of the most common charges levelled against the free market (even by many of its friends) is that it reflects and encourages unbridled “selfish materialism.” Even if the free market—unhampered capitalism—best furthers man's “material” ends, critics argue, it distracts man from higher ideals. It leads man away from spiritual or intellectual values and atrophies any...
Read More »Austrian Economics Stands against the Collectivism of Progressive Thought
Recently, I published an article in the Mises Wire, “Woke Egalitarianism and the Elites,” in which I presented the true intentions behind woke egalitarianism. The article also described how elites attempt to rebuild society through collectivism. But more than discussing the goals of progressivism, we need to discuss the intellectual basis of these attempts. What assumptions and intellectual framework guide these actions? Progressivism is based on a disrespect of...
Read More »Losing Control of Money
With global worldwide debt now over $300 trillion and interest rates rising, the US dollar is once again a relative safe haven in a slowing economy. Currencies competing with the Dollar face a deadly race to stave off a sovereign debt crisis. Is the dollar now unbound, as the dominant political tool of the dominant nation? The Dollar Milkshake Theory: Mises.org/HAP385a Thorsten Polleit, The Global Currency Plot: Mises.org/HAP385b Bob's book, Understanding Money...
Read More »When Military Strategy Ignores Economics: The Sad Story of Rear Admiral Alfred Thayer Mahan
It is a great tragedy that many modern military leaders and strategists do not understand economics. If they did, I suspect that there would be a lot less war, a lot less military spending, and a lot less wastefulness. Certainly, there would be greater awareness of the appalling human and economic costs of war in a capitalist age. Ludwig von Mises, the great Austrian economist, understood this point well. In his 1927 book Liberalism, he noted that as late as the...
Read More »Biden versus Bastiat
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes. Original Article: "Biden versus Bastiat" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags: Featured,newsletter
Read More »Once More unto the Veatch
Human Rights: Fact or Fancy?by Henry B. VeatchLSU Press, 1985; xii + 258 pp. Henry Veatch was one of the foremost philosophers of the twentieth century, though sadly neglected by most contemporary analytic philosophers. He was a resolute defender of Aristotelian ethics against rival ethical systems, and in this week’s column, I’d like to look at an argument which he deploys against these rivals in his book Human Rights: Fact or Fancy? The argument is this. A system...
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