The Sudden Emergence of Tom Paine
At the beginning of 1776, New England was ready for independence. So were such leading radicals as Richard Henry Lee and Patrick Henry of Virginia, Christopher Gadsden of South Carolina, and army leaders such as George Washington and Charles Lee.
Like Its Irresponsible Northern Neighbor, Mexico Is Also Suffering from Inflation
Along with the United States’ numbers, we also now have Mexico’s estimated Consumer Price Index inflation growth rate. For June 2022, Mexico experienced 7.99 percent price inflation year over year. This is the biggest number Mexico has seen since the
The Competing Ideologies for the Collectivist Mind
Modern socialists claim that Hitler's Nazi regime was the antithesis of socialism. Hitler would have disagreed, as he saw himself and his movement as being primarily socialist. Original Article: "The Competing Ideologies for the Collectivist Mind" This Audio Mises Wire is generously
Exponential Growth or State-Powered Stagnation: What Will Be Our Future?
Futurist and inventor Ray Kurzweil wrote an essay in 2001, "The Law of Accelerating Returns," that describes an exponential path to what for many is an unimaginable future. How certain is the exponential he describes? "We would have to repeal capitalism
RIP Ronald Sider: The Man Who Was Ground Zero for Modern Politicized Evangelical Christianity
When the term “evangelical” is tossed into the modern public square, it usually is accompanied by words like “Trump,” “January 6,” “right-wing,” “Christian nationalist,” “racist,” and the like. Like others who have spent their entire lives in the American evangelical
GDP Provides a False Reading of the State of the Economy
Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically. Original Article: "GDP Provides a False Reading of the State of
Covid-19 and the Continuing Erosion of Private Property Rights
Lest anyone underestimate the brutality of state control, the way governments have handled the covid-19 pandemic demonstrates the authorities have not yet hit bottom. Original Article: "Covid-19 and the Continuing Erosion of Private Property Rights" This Audio Mises Wire is generously sponsored by
Austrian Economics and the Capital Asset Pricing Model: A Reconcilation?
The capital asset pricing model (CAPM) is an important investment model that describes how investors expect to be compensated for the time value of money and risk. The more risk you take, the more you want to be compensated. The formula is
Brian Rivera on the Flow System
The traditional approaches to the structure and management of firms are becoming barriers to customer value. The Austrian capital theory approach recognizes that all value in the corporation flows to it from the value experiences of customers. Therefore traditional organization
A Robinson Crusoe-Based Sociology of Law
An essay by Hans-Hermann Hoppe explains that for Robinson Crusoe, an isolated castaway, "the question concerning rules of orderly human conduct," of social cooperation, "simply not arise," but when "Friday, arrives on the island," Crusoe, for the first time, must