Nationality and Statelessness: The Kuwaiti Bidoon
In his Nations by Consent, Murray Rothbard reminds us that the concept of a nation “cannot be precisely defined; it is a complex and varying constellation of different forms of communities, languages, ethnic groups, or religions.” And yet, in most states
The Government, Race, and an Upcoming SCOTUS Decision
The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether. Original Article: "The Government, Race, and an Upcoming SCOTUS Decision" This Audio Mises Wire is generously sponsored
Niebuhr, My God, to Thee
In the early decades of the Cold War, the Lutheran theologian Reinhold Niebuhr attracted a considerable following among American intellectuals who influenced foreign policy. People such as the historian Arthur M. Schlesinger Jr., who wanted to found a group called
You Don’t Know What’s Good for You
While personal autonomy is a major topic of conversation, for Rothbard the most important thing is liberty, and liberty and automony are not always the same. Original Article: "You Don’t Know What’s Good for You" This Audio Mises Wire is generously sponsored by
The Missing Factor in Britain’s Economic Recovery Plan
Despite much anticipation, the economic recovery plan proposed by Britain’s Tory Party after the departure of former prime minister, Boris Johnson, is missing one key ingredient—spending cuts. The new “temporary budget” presented by short-term chancellor of the exchequer Kwasi Kwarteng proposed tax
Real Wages Fall for Nineteenth Month as Price Inflation Barely Cools
The federal government’s Bureau of Labor Statistics released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, but remained near 40-year highs. According to the BLS, Consumer Price Index (CPI) inflation rose 7.7 percent
How the Soviets “Fixed” Inflation, but Ruined the Economy
The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. Original Article: "How the Soviets "Fixed" Inflation, but Ruined the Economy" This Audio Mises Wire is generously sponsored by Christopher Condon.
Do “Technology Shocks” Create the Boom-Bust Cycles?
Most economists hypothesize that in the real world there are relationships between various economic variables. For instance, the relation between personal consumption expenditure and income after tax can be hypothesized as: Personal consumption = a* Income after tax, With a being a
Are Robots and AI Really Going to Displace All Workers? Probably Not
As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us. Original Article: "Are Robots and AI Really Going to Displace All Workers? Probably