Economies Cannot Produce Wealth without Patience and Long-Term Horizons
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking. Original Article: "Economies Cannot Produce Wealth without Patience and Long-Term Horizons" This Audio Mises Wire is generously sponsored by Christopher Condon.
Yes, Precolonial Africa Had Technology and Economic Life before Colonialism
Despite the blooming of literature on preindustrial African technology, the centrality of invention in precolonial Africa remains an obscure topic. Updated research has shown that precolonial Africa was a wellspring of creativity rather than a den of stagnation. Africans employed unique methods
Green Myths and Hard Realities: Sri Lanka as a Warning
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world. Original Article: "Green Myths and Hard Realities: Sri Lanka as a Warning" This
We Don’t Believe You
David French, maybe National Review’s most reliably wrong scribe, issued this gem in response to the FBI raid on Donald Trump’s residence in Florida: Imagine thinking federal police agents and lawyers will be “held accountable,” or that presidents are not above the law! Is
Economic Causes of War
War is a primitive human institution. From time immemorial, men were eager to fight, to kill, and to rob one another. However, the acknowledgment of this fact does not lead to the conclusion that war is an indispensable form of
Thomas Piketty Wants to Bring Back Communism in the Guise of Democratic Socialism
Thomas PikettyA Brief History of EqualityHarvard University Press, 2022 Thomas Piketty’s Brief History is the fourth installment of his assault on economic inequality, following as it does the best-selling Capital in the Twenty-First Century and Capital and Ideology. The third, Time for Socialism: Dispatches from a World
A Political Victory for the Joes Is a Loss for the Country
Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories"
Africa Needs Conventional Fuels, Not Windmills and Solar Panels
The energy and climate goals that Western governments, the United Nations, and other organizations are pushing on Africa constitute a crippling blow to its economies. As the least developed region, Africa should unequivocally prioritize economic development. One would think that
Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD. Original Article: "Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro" This Audio Mises Wire is
The Income Tax Really Is Evil
This was, to be sure, "the home of the free and the land of the brave." Americans were free simply because the government was too weak to intervene in the private affairs of the people—it did not have the money