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[This article is excerpted from Conceived in Liberty, volume 1, chapter 6, "The Social Structure of Virginia: Bondservants and Slaves". An MP3 audio file of this article, narrated by Floy Lilley, is available for download.] Until the 1670s, the bulk of forced labor in Virginia was indentured service (largely white, but some Negro); Negro slavery was negligible. In 1683 there were 12,000 indentured servants in Virginia and only 3,000 slaves of a total population of...

Last weekend, the PLR/FDP unveiled a plan to create a budget low cost health insurance option in Switzerland, reported RTS. Photo by Anna Shvets on Pexels.comThe proposal, which includes lower cost ways of delivering healthcare, will be presented to parliament next month. Examples of ways to lower costs include limiting the choice of hospital and sharing hospital rooms with more patients or in less luxurious surroundings. The plan is a response to rising health...

This week, the Swiss Federal Office of Energy (SFOE) published its predictions and ambitions for electric transport infrastructure. Photo by Gustavo Fring on Pexels.comBy 2035, SFOE expects more than half of all passenger cars in Switzerland to be electric. This means the country has around 12 years to complete its charging infrastructure, it said. The SFOE study estimates there will be 2.8 million plug-in vehicles on Swiss roads by 2035, and by 2050 they should be...

In their attempts to remake the economy, progressive elites are pushing ESG. What they forget is that the economy runs on real things, not ideology. Original Article: "ESG: Another Fraudulent Hustle That Progressive Elites Have Foisted on the Economy" [embedded content] Tags: Featured,newsletter

The current known federal debt is $31.7 trillion according to the web site, US Debt Clock, which is about $94,726 for every man, woman, and child who are citizens as of April 24, 2023. Can you write a check right now made payable to the United States Treasury for the known share of the federal debt of each member of your family after liquidating the assets you own? A report released by the St. Louis Federal Reserve Branch on March 6, 2023, stated a similar figure for...

Parfit: A Philosopher and His Mission to Save Moralityby David EdmondsPrinceton, 2023; xx + 380 pp. The British philosopher Derek Parfit ranks as one of the most influential moral philosophers of the past century. But as David Edmonds says in his outstanding biography of him, Parfit was a “philosopher’s philosopher” who did not write for the general public. Edmonds, who has a gift for explaining difficult ideas simply, has made Parfit’s ideas accessible to a wide...

Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession. Dr. Cwik's dissertation on inverted yield curves and economic downturns: Mises.org/HAP395a Bob on the link between inverted yield curves and recessions: Mises.org/HAP395b Bob's Understanding Money Mechanics: Mises.org/Mechanics [embedded content] [embedded content]...

While politicians, media mavens, and the academic elite spread fear about artificial intelligence, AI is helping make life better for ordinary consumers. Original Article: "Prices, Food, Employment: AI and Robotics Are for Regular Folks, Not Just the Elite" [embedded content] Tags: Featured,newsletter

The Misesian tradition provides essential insights into the nature of capital. From Frédéric Bastiat to Murray N. Rothbard, Austrian capital theory excels. Bastiat illustrated gains from capital by giving us the anecdote of the neighbor who wanted to borrow a timber planer. Rothbard gave us the examples of royalties in the extractive industry to illustrate capital consumption. The list goes on. Often, capital’s exceptional output is because it behaves as both...

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming in at the lowest year-over-year increase in twenty-four months. According to the BLS, Consumer Price Index (CPI) inflation rose 4.9 percent year over year in April before seasonal adjustment. That’s down from March’s year-over-year increase of 5.0 percent, and April is the...