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The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.
Original article: https://mises.org/mises-wire/surviving-capitalism-scarcity-advantage
The American empire—with its global military footprint and permanent war economy—cannot be financed through honest taxation without provoking revolt.
Original article: https://mises.org/mises-wire/monetary-decay-and-imperial-survival
By Joan Larkin
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The buildup of American forces in the Middle East as the Iran talks falter has us asking: is war coming, or is it all just negotiating bluster? Plus, republicans brace for the midterms, and Washington DC's historic sewage spill.
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In the uncertain moments following 9/11, we were searching for comfort and someone to help us make sense of it all. Today, Rob discusses the one musician who was capable of stepping up and capturing the emotions the American people were feeling: Bruce Springsteen. Rob recaps the political statements Springsteen had been making in the decades before, which prepared him for the creation of “The Rising.” Finally, he is joined by music critic and Springsteen expert Steven Hyden to discuss where the album ‘The Rising’ ranks in his discography.
Host: Rob Harvilla
Producers: Justin Sayles and Olivia Crerie
Additional Video Editing: Kevin Pooler
Guest: Steven Hyden
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For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes the boom-bust cycle. It remains an important classic in Austrian economics.
Original article: https://mises.org/mises-wire/why-misess-theory-money-and-credit-still-important-today