Mises Wire

Americans once dreamed of a country that did not care about global greatness or glory. It was within our reach if we had been wise enough to grasp and hold it. 

The standard Keynesian line is that the government can shorten recessions by using fiscal and monetary “stimulus.” However, as Austrian economists note, ratcheting up government spending only makes things worse, setting the stage for the next economic downturn.

As people from Generation X move toward retirement, they are starting to understand that Social Security really is in crisis and many public pension plans are underfunded. Furthermore, they find that inflation is eating through their retirement savings. This won‘t end well.

Joe Biden‘s term is over, but while in office he continued the practice of lying and locking up federal documents that could expose federal government wrongdoing. One hopes against hope that President Trump will reverse that trend.

Lawrence McQuillan joins Bob to delve into the regulatory failures and mismanagement behind the wildfire crisis in California. 

Michael Huemer’s book Progressive Myths takes the progressive worldviews to task, exposing them for their deceitfulness. As usual, the narratives do not fit the truth.

The author James Lindsay has gotten mileage by introducing the phrase “Woke Right” to describe certain ideological elements associated with the MAGA movement. The “woke” concepts coming from the left, however, are not the same, structurally speaking, as what conservatives are saying.

If we are to achieve peace, we must get rid of those entities that create havoc even while strengthening themselves politically. In a word, we need to get rid of the Fed.

Harry Jaffa suggested that Americans should adopt a “civil religion,” with Lincoln as a quasi-divine figure. This, of course, makes the state into a quasi-divine institution. 

Marxism is seen by American and European intellectuals as being a sophisticated and legitimate set of theories that explains social problems in capitalist societies. Yet, the entire edifice of Marxism from “class conflict” to the Labor Theory of Value is nonsense.