Today’s jobs report placed US job growth at a 28-month low, another illustration of how fragile the American economy truly is. The troubling data increased doubts on whether the Fed will raise interest rates later this month, fearing that it could set off what David Stockman has called a “Wall Street doomsday machine.” And as Victor Xing highlighted this week, the sad state of the American labor market is made worse as American debt levels climb. Don’t expect to find solutions to these problems from American politicians. Only by rejecting incompetent government and embracing the wonders of entrepreneurship can we see true economic growth. And if you are looking for protection from the Fed’s currency manipulation, Jim Grant suggests buying gold.
On this episode of Mises Weekends, Jeff tackles the illiberalism of the progressive left. In their view, all human conduct must be viewed through the filters of identity politics, privilege, and undefinable concepts of social justice. Private property, far from sacrosanct, is seen as an impediment to their program of radical egalitarianism. Jeff makes the case that the real issues confronting us are war and peace, central banking, and state power — not inequality or racism or sexism. And he argues against adopting leftist language to advance the libertarian message.
Have a topic you would like to hear discussed on Mises Weekends? We want to hear from you.
And in case you missed any of them, here are the articles featured this week on the Mises Wire:
- US Job Growth Rate Hits 28-Month Low by Ryan McMaken
- Social Insecurity by Henry Hazlitt
- Westley Seeks to Support the “Productive Class”
- Jim Grant: Gold Is a Defense Against “Monetary Shenanigans” by Ryan McMaken
- The Trouble with “Public Accommodation” by Ryan McMaken
- The Journal of Libertarian Studies: Immigration Symposium
- Walmart’s “GoBank” — Private Sector Solution by Tho Bishop
- Campaigns Spawn Really Bad Economics by William L. Anderson
- Do Drive-Thrus Discriminate Against Non-Drivers? by Ryan McMaken
- We’re Going Deeper into Debt as Real Incomes Fall by Victor Xing
- Switzerland Votes on “Free Lunch” by Claudio Grass
- The Success of Socialist Newspeak by Ludwig von Mises
- A Neglected Classic That Demolishes Classical Production Theory by Jonathan Newman
- Currency Manipulation by the United States Is Alive and Well by Tommy Behnke
- Government Can’t Help; It Can Only Hurt by Ron Paul
- The Miracle of Entrepreneurship by Llewellyn H. Rockwell Jr.
- Wall Street’s Doomsday Machine by David Stockman
- Pat Buchanan Is Wrong About Tariffs and Trade by Thomas J. DiLorenzo
- Why Modern Luddites Are Attacking Uber Drivers by Mateusz Machaj
- Trump and Hillary Don’t Know How to Fix the Economy by Justin Murray
- Notes on the Libertarian Party Convention by Jeff Deist
