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Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
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Lore Sjoberg's humorous view of all things techie.
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Full cast audio drama productions and audiobooks from the award winning Wireless Theatre Company. Look for our other podcasts, or see our full catalogue at wirelesstheatrecompany.co.uk
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If you love the Klick Wire, but you want to get it in the car, subscribe to this podcast. We will release the audio version at 6AM every Monday.
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Wired Storyboard: Are you Wired? Want to know what really went on in making this month's magazine? Wired's editors, writers and designers take you deep into the stories they've been working on for a behind-the-scenes look at the latest issue. Join this podcast for an in-depth look at the tech, science, gadgets and culture stories by the people behind Wired magazine.
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Short stories and audio poems from the award winning Wireless Theatre Ltd. Visit wirelesstheatrecompany.co.uk for great audio drama, comedy, thrillers and more.
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Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy. Original article: The Inflationist View of History
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Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy. Original article: Jimmy Carter’s Legacy Is Much More than Good Deeds Done in His Later Years…
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President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies. Original article: Tariffs Won’t Save the US Dollar…
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Like Santa, who gives free gifts to our children, people think of the state as providing services “for free.” However, the state cannot provide anything without first confiscating wealth from others—like the Grinch, who first stole all the presents in Whoville. Original article: The State Isn’t Santa Claus, It’s the Grinch!…
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Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too. Original article: Inheritance Tax Hikes Threaten Farmers’ Property Rights in the UK…
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No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy. Original article: A Praxeological Critique of the Equation of Exchange and Neutrality of Mon…
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Are the Transfer Portal and NIL Ruining College Sports? Explaining the Changes Using Austrian Economics
A common refrain among college fans is, "The Transfer Portal and NIL are ruining college sports." But are they? Before we can answer that question, we have to be able to explain what is happening, and Austrian economics provides the best analytical tools. Original article: Are the Transfer Portal and NIL Ruining College Sports? Explaining the Chang…
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The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment. Original article: Under Trump, Expect No Change to the Monetary Status Quo
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The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy. Original article: America’s Problem with Consumerism Is the Government’s Fault
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Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter. Original article: The Pretense of Knowledge
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Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness. Original article: How the Nanny Campus Will Fight to Keep Taxpayers Hostage…
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The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story. Original article: The Poor Man of Nippur and Austrian Economic Principles…
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President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money. Original article: We Desperately Need Sound Money, Not Tariffs
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The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else. Original article: Marxism and the Cultural Revolution…
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One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust. Original article: Should Central Banks Accommodate Increa…
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Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish. Original article: Is the Fed Loosening or Tightening? It’s Complicated.
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In replying to a previous article by Frank Shostak, Douglas French writes that if an increase in the supply of gold ultimately leads to an expansion of bank credit, that is enough to start the boom-and-bust cycles, even if there is no central bank to accelerate the process. Original article: A Reply to Shostak: Can Increases in the Gold Supply Caus…
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Ralph Raico presents the fundamental political problem of the twentieth century, which remains our fundamental political problem today: How can war—given its appalling destruction—be avoided? Original article: Ralph Raico: A Great Historian
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Those carrying out government directives are even less bound by law than they were a few years ago, and talk about new bureaucrats is beginning to resemble the Kremlinology of the Cold War. Original article: “Personnel Is Policy” Means the Rule of Law Is Dying
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The Biden administration, and the political establishment more broadly, is scrambling to ram through policies that a majority of voters just voted against. Their actions expose that their supposed commitment to democracy is a lie. Original article: The Establishment’s “Principles” Are Fake
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Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet. Original article: Bitcoiners’ Guide to Austrian Economics
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One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences. Original article: Subjective Valuation Versus Arbitrary Valuation…
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Much of the failure of American schools is due to the adherence to a flawed system of teaching students how to read. Homeschoolers often don‘t seem to have that problem, and there is a good reason why. Original article: The Nation’s Reading Instruction Disaster
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"Hurry up and wait" is often the reality of medical care. We shouldn't be surprised to know that long lines and government intervention go together. Original article: The Economics of Medical Waiting Rooms
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Some legal “experts” are claiming that the Supreme Court‘s infamous 1857 Dred Scott decision is still used in current law. That, of course, is nonsense. In fact, soon after its passage, many northern states essentially nullified “Scott” at the state level. Original article: Dred Scott, Politics, and the “Living” Constitution…
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Democracy is the watchword with the ruling classes, yet a democratic political system does not protect individual freedoms. Indeed, democracy often has become the main road to socialism. It‘s time for some honest discussion. Original article: Real Democracy Can Only Be Freedom
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Progressives are openly cheering the murder of the CEO of UnitedHealthcare. However, it was progressive legislation that created this healthcare crisis in the first place. Original article: Progressivism and the Murder of a Health Insurance CEO
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Modern academics are relentless in trying to find any nuances they can from the works of Karl Marx, but they miss the larger issues with his work. Marx was alive and active when the marginalists logically took apart his value theory, but hope springs eternal for Marx‘s supporters. Original article: The Missing Secret…
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Washington has wielded the sanctions weapon against nearly a third of all nations on earth. It is time to rethink these policies, and one hopes the incoming Trump administration will do just that and change course. Original article: The Second Trump Term and the “Sanctions Industrial Complex”
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A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy. Original article: Slavery—Cronyism, Opportunity Cost, & Deadweight Loss
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President-elect Trump has promised changes in economic policies. How well they work and how they will affect us remains to be seen. Here is a look at proposals that have promise—and proposals that are likely to cause harm. Original article: Trump’s Economic Policies: The Good, The Bad, and the Uncertain…
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While the US dollar still is the world‘s “reserve” currency, its abuse by the Federal Reserve and federal government has weakened it precipitously. While President-elect Trump recognizes the threats to the dollar, is he willing to do what needs to be done to change the situation? Original article: Can Trump Save the Dollar?…
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The world is awash in debt bubbles, but politicians continue to spend, which requires even more central bank intervention—and more bubbles. Max Rangeley has edited The Age of Debt Bubbles, which details the dangers we face and how to stop the current madness. Original article: Book Review: The Age of Debt Bubbles…
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In November, employed workers flatlined yet again as full-time work dropped for the tenth month in a row. Naturally, the Fed plans interest rate cuts. Original article: Employed Workers Dwindle and Full-Time Jobs Fall as the Fed Readies More Easy Money
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A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true. Original article: Minimum Wage Laws Can’t Repeal the Laws of Economics
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Even though the Pentagon has failed seven audits in a row, defense spending is now 60 percent higher (in real terms) than its old Cold War peak. Original article: Slash Military Spending: “Defense” Budgets are Bigger than Ever Before
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After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if one wishes to be honest. Original article: Paul Krugman Rides into the Sunset
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Marx is often portrayed as motivated by love of the working class, but, starting from the time he was a university student, he displayed contempt and hatred for the masses he deemed beneath him. Original article: Marx’s Misanthropy
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Long before the term "Critical Race Theory" was coined, Ludwig von Mises already was critiquing what he called "racial polylogism," which claims that what passes for truth depends upon racial identity. While people might hold different perspectives, truth still is truth. Original article: Critical Race Theory and Racial Polylogism…
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The Mises Institute is giving away copies of Murray Rothbard's classic, What Has Government Done to Our Money? and it will change how one sees our nation's monetary history. Rothbard presents a clear case for sound money as a basis for civilization itself. Original article: What Has Government Done to Our Money?…
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In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part by pitting recently-freed slaves against southern whites. The outcome was obvious, leading to more than a century of violent racial clashes, all the while strengthening federal power. Original article: Federal Power and Statist Racecraft…
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William Rawle was a well-respected lawyer, legal scholar, an abolitionist, and a believer in the right of states to secede. He described this in A View of the Constitution of the United States of America, which many claimed to have read while at West Point prior to the Civil War. Original article: William Rawle and Secession…
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There finally is pushback against Critical Race Theory that has infected higher education and most of our other institutions. Unfortunately, CRT concepts are so embedded in our body politic that the only way to combat them is through revisionist history. Original article: De-Bamboozling the Critical Race Theory of Court Intellectuals…
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Self-Described “Austrian” Is New Leader of UK Conservative Party: Should Kemi Badenoch Give Us Hope?
In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future? Original article: Self-Described “Austrian” Is New Leader of UK Conservative Party: Should Kemi Badenoch Give Us…
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These days, most federally-funded workers are “private” contract and grant workers. These jobs will quickly disappear if we‘re serious about spending cuts. Original article: Want to Cut Federal Workers? Just Cut Spending.
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The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped atomic bombs on Hiroshima and Nagasaki. The myth lives on to this day that the bombs ended the war prematurely, saving millions of lives. Original article: Atomic Salvation: Did the Atom Bombs Save 500,000 to 32 Millio…
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A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny. Original article: The Keynesian Liquidity Trap Fable…
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It should be clear from the articles in this book that the Austrian School is thriving. Per Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention. Original article: New Austrian Insights
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Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean-Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings. Original article: From Indentureship to Entrepreneurship…
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One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better. Original article: Prices Are Not Measurements of Value
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