Why Fractional Reserve Banking Is behind Bank Failures
Drug addicts suffer major withdrawal symptoms when they go cold turkey. In the case of high-tech startups and their banks (like Silicon Valley Bank), the super-low-interest-rate stimulant has been taken away by the drug dealer (the Fed) via interest rate
The Bank of England: Money Creation in Their Own Words
Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean. Original Article: "The Bank of England: Money Creation in Their Own Words" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Last Lie Government Will Ever Tell
The more powerful a government, the more likely it is to engage in war and conquest. Case in point: US involvement in Ukraine. In 2014 the US led a coup that displaced a “democratically elected” president, Viktor Yanukovych. In November 2013, . . .
Socialism Isn’t about Creating Economies. It Is about Amassing Political Power
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal. Original Article: "Socialism Isn't about Creating Economies. It Is about Amassing Political Power" This Audio Mises Wire is generously sponsored by Christopher Condon.
Influencers and Subjective Value: They Have Something to Teach Us
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity. Original Article: "Influencers and Subjective Value: They Have Something to Teach Us" This Audio Mises Wire is generously sponsored by
How Banking Could Work
With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance. Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free
Inflation Can Get Much Worse
In this episode, Mark looks at the far away minor issue of the impact of hyperinflation in Zimbabwe. Even though they have switched from Zim dollars to US dollars, ordinary people are still suffering. Their government and its inflationary monetary
Democracy Created Canada’s Lethal Healthcare System
The provision of private healthcare in Canada is contingent on the ability of private actors to satisfy all of the conditions embedded within government legislation. However, the severity of these conditions means that most aspects of private healthcare are essentially
The Myth of “Economic Power”
A very common criticism of the libertarian position runs as follows: Of course we do not like violence, and libertarians perform a useful service in stressing its dangers. But you are very simpliste because you ignore the other significant forms
Climate Activism: The Second Children’s Crusade
Modern secular society embraces a new religion complete with prophets, crusaders, commandments, contrition, and even a holy land: East Anglia, United Kingdom. These congregants will behave idiosyncratically in the economy. The activist green movement increasingly parallels Western religious structure, even