Why Fractional Reserve Banking Is behind Bank Failures
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation? Original Article: "Why Fractional Reserve Banking Is behind Bank Failures" This Audio Mises
Climate Activism: The Second Children’s Crusade
The "first" Children's Crusade of 1212 ended in tragedy for those taking part. The "second" crusade is not going to produce any happy endings, either. Original Article: "Climate Activism: The Second Children’s Crusade" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Price of Gold
Mark is not fooling around today. He looks back at the history of gold and its price, which some believe is too erratic and too unstable (like Bitcoin) to serve as a basis of a monetary system. Mark shows that it is not
Can Civilization Survive without Sound Money?
As long as states are around, money will never be sound. But first, some clarity. Sound money, per Ludwig von Mises, has two aspects: It serves as a commonly accepted medium of exchange, while also making it difficult for governments to
With the Trump Indictment, America Is a Step Closer to Being a Banana Republic
When Rudy Giuliani was pursuing his infamous Wall Street prosecutions in the 1980s, his aides admitted that they were indicting people on “novel legal theories” that had not been used before. A Giuliani lieutenant bragged to a group of law
De-Dollarization and the Fall of American Hegemony
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop talk about global moves being made against the US dollar. The regime's decade long weaponization of money and banking has both global rivals and historical allies looking for alternatives.
Central Banks Are Creating the Return of Mugabenomics
Because his actions were so outrageous, perhaps it is impossible to satirize the former president of Zimbabwe, Robert Mugabe, but perhaps I can describe him. As a shout-out to all my neighbors in the Asia Pacific, let us not forget the
How Politicians Use Regulations to Deflect Blame
Thanks to their adoring media, politicians create crises and then blame businesses for them. And the political "solutions" are worse than the original problems. Original Article: "How Politicians Use Regulations to Deflect Blame" This Audio Mises Wire is generously sponsored by Christopher Condon.
Wisdom from a Yenta
Left Is Not Wokeby Susan NeimanPolity Press, 2023; 155 pp. There is much to dislike in this book. Susan Neiman, a former philosophy professor who now heads the “Einstein Discussion Group” in Potsdam, is a socialist who has good things to
With the Feds, It’s the Fox Guarding the Henhouse
Bob is joined by guest Peter St. Onge to discuss how SVB's CEO, as well as Bernie Madoff, had key positions advising the Fed and SEC. Then they discuss how we should think about central banks losing money. How the SEC