Download Episode. Ryan McMaken of the Mises Institute joins Scott to discuss the ill effects central banking has on the country. McMaken wrote an article recently pointing out that the Federal Reserve, America’s central bank, is technically bankrupt. Scott has...
economics
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
TGIF: The Economic Way of Thinking Can Save Lives
The Cambridge economist Joan Robinson (1903-1983) wisely said, "The purpose of studying economics is not to acquire a set of readymade answers to economic questions, but to learn how to avoid being deceived by economists." Excellent point, though I would both broaden...
The Tale of the Steak – A Lesson in Economics by Walter E. Williams
Consider filet mignon and chuck steak. Assume-realistically-that consumers prefer the former. Then the question becomes: why is it, despite consumer preferences, that chuck steak sells at all? The fact is that chuck steak outsells filet mignon. How does something less...
Steven Grumbine Lies About Libertarianism!
What is wrong with the following logic: Steven Grumbine advocates military spending austerity therefore wants America to get invaded, enslaved, and suffer a genocide. The unjustifiable assumption is that more military spending means we are safer. As Mr. Grumbine and I...
Church Proves the Poor Will Benefit From Privatized Education
Depending on which source you look at, there are hundreds of thousands of churches in world. Almost all Churches contain the two things Democrats constantly tell us are impossible if education were voluntarily funded instead of funded coercively via taxation. ...
Why Is Everything Getting So Expensive?
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...
Learning Economics From the Catholics
While the average person thinks economics begins with Adam Smith and his Wealth of Nations, readers of the Mises Wire know that the story goes back much further than that. Members of the Austrian school commonly describe their earliest intellectual predecessors, the...
Health Department Pours Bleach on “Unregulated” Food for Homeless!
https://youtu.be/K2-ME6D1bB0 If the government didn't have a monopoly on security, only rich people would be able to have security just like when the government got out of other businesses, the only cars produced were limousines, the only clothes produced were tuxedos...
Mainstreet Hunkers Down as Home Sales Drop Drastically
The crash landing of the housing market continued in November. Existing home sales of just 4.09 million units at an annualized rate represented at staggering 37% drop from the 6.49 million rate posted in January. There has never been a drop this severe within a single...
Where Have All the Working Men Gone?
Last week, CNN featured a story called "Men are dropping out of the workforce. Here's why" The article went on to tell us virtually nothing at all about why so many men are leaving the workforce. Although as many as seven million men have stayed out of the workforce...
All I ever wanted to do was find a way to pay Will Grigg
William Norman Grigg was the kindest, smartest, best educated and most eloquent American spokesman for the cause of liberty, on the radio or in print — ever. But the poor guy was always broke, trying to hold together a giant family while writing freelance articles for...
Capitalism is a Machine of Subjective Value
What is economics and why do we care about it? The economy is what we do and why we do it. Reality introduces scarcity to that equation, and competition results. Our desires and values translate into actions, and competition translates those actions into strategies...
No, Tax Cuts Don’t Cause Inflation
The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the...
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