What We Owe the Futureby William MacAskillBasic Books, 2022; 333 pp. William MacAskill, a philosophy professor at Oxford and a leading light of the effective altruism movement, has recently been in the news owing to the frenzied and fraudulent finance of his protégé Sam Bankman-Fried, who now awaits trial. The “effective altruists” took seriously the implications Peter Singer drew from his famous thought experiment: Suppose you come across a small child who is...
Read More »Father Time versus Central Bankers
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually. Original Article: "Father Time versus Central Bankers" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags: Featured,newsletter
Read More »Latin America’s Descent into Interventionism Continues
The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region GDP growth has been downgraded yet again to a modest 1.1% for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than other emerging markets, the outlook is exceedingly worrying. The poor growth and high inflation expectations are even worse when we consider that...
Read More »And So It Begins: Digital Currency Becomes Possible in our Future
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom. Original Article: "And So It Begins: Digital Currency Becomes Possible in our Future" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags:...
Read More »The Case for Disbanding Public Health Agencies
During March of 2020, Sweden’s state epidemiologist, Anders Tegnell, showed us how public health can be managed ethically by refusing to lockdown Sweden’s residents. The rest of the public health discipline, however, entered the territory in which we now place the universally castigated discipline of eugenics. Eugenics breaches ethics and causes enormous harm to the fabric of mankind. Likewise, lockdowns breach ethics and have terrorized or killed millions of people...
Read More »The Mises Institute’s Goal Is a World Free of War and Politics. Will You Stand by Our Side?
Dear Friend, In the midst of this busy Christmas season, I want to make sure you received our year-end letter from Lew Rockwell. If you already responded, thank you! But if not, will you take a minute today to make your most generous contribution and support the Mises Institute? We are all thankful to have the political season of 2022 over, but now the 2024 presidential election looms like a bad moon. The midterms solved nothing and brought no relief to a divided and...
Read More »Economic Growth Requires Savings, Not Money Pumping
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings. Original Article: "Economic Growth Requires Savings, Not Money Pumping" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags:...
Read More »The Radio Rothbard (Mostly Negative) Predictions for 2023
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look ahead to 2023 with a handful of predictions for the new year. They even manage to find one reason for optimism! Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. [embedded content] Tags: Featured,newsletter
Read More »Behavioral Economics Challenges the Rationality of Consumer Choices
A relatively new area of study in economics, behavioral economics, has started to gain popularity. The behavioral economics framework emerged because of dissatisfaction with the neoclassical theory regarding consumer choice. A major problem with the neoclassical theory is that human beings are presented as if hardwired with a scale of preferences. Regardless of circumstances, this scale is considered to remain the same at all times. Mainstream economics argues that,...
Read More »A (True) Thanksgiving Tale of Socialism in America and Israel
The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content]...
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