Audio Mises Wire - Harry Truman: Founding Father of the National Security State

Following World War II, President Truman helped produce the modern national security state by creating the Central Intelligence Agency. Only later did Truman regret what he did, as the CIA turned into a monster that could never be tamed.

Original article: https://mises.org/mises-wire/harry-truman-founding-father-national-security-state

What A Day - Netanyahu’s War Expansion Plan

Prime Minister Benjamin Netanyahu is facing massive backlash — both domestic and international — over his government's decision late last week to take over Gaza City. Thousands marched in Tel Aviv Saturday to protest the decision, while the families of some of the remaining hostages called for a nationwide strike. On Monday, Australia became the latest country to announce plans to recognize a Palestinian state, while French President Emmanuel Macron called the Israeli plan 'a disaster of unprecedented gravity.' Already Palestinian health officials say 61,000 people in Gaza have died since the start of the war. Matthew Chance, chief global affairs correspondent for CNN, joins us from Jerusalem to talk about the latest in the war, the Israeli killing of five Al Jazeera journalists Sunday, and the risks that come with yet another escalation in the conflict.

And in headlines: President Donald Trump ordered a federal takeover of Washington D.C.'s police, a federal judge blocked the release of Jeffrey Epstein co-conspirator Ghislaine Maxwell's grand jury transcripts, and AOL said it's ending its dial-up internet service.

Show Notes:

The Indicator from Planet Money - The arduous system for getting aid into Gaza

Insulin needles. Sleeping bags. Nutella. These are items Arwa Damon’s charity — International Network for Aid, Relief and Assistance — has tried to send to Gaza and Israel has rejected. It’s a glimpse into the harsh reality of a humanitarian crisis with no end in sight. Today on the show, we talk to Damon about the economics of running a humanitarian nonprofit and what’s stopping more aid from reaching Gaza. 

Related episodes: 
Why Israel uses diaspora bonds 
Why the U.S. helps pay for Israel’s military 
What could convince Egypt to take Gaza’s refugees? 

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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter

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What Next | Daily News and Analysis - South Park Understands the Assignment

After using a Trump-stand-in during his first administration, South Park has come back from hiatus as vulgar and confrontational as ever, with its aiming firmly fixed on MAGA. Contrary to government sources, the show’s enjoying a renewed cultural relevance in its 27th season.

Guest:  David Mack, contributing writer to Slate.

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Podcast production by Ethan Oberman, Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.


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Audio Mises Wire - Can Econometric Models Fulfill the Role of an Economic Laboratory?

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.

Original article: https://mises.org/mises-wire/can-econometric-models-fulfill-role-economic-laboratory

What A Day - 80 Years After Hiroshima and Nagasaki, New Nuclear Threats Emerge

President Donald Trump is set to meet with Russian President Vladimir Putin in Alaska this week to discuss a potential end to the war in Ukraine (which Russia started.) To call the meeting ‘high stakes’ would be an understatement — already critics are warning of the potential for a ‘1938 Munich Moment,’ when Britain and France allowed Nazi Germany to take control over a swath then-Czechoslovakia in a bid to preserve peace on the continent. But the parallels to WWII don’t end there. Earlier this month, Trump said nuclear submarines were ‘in the region’ ahead of special envoy Steve Witkoff’s meeting with Putin in Moscow. As we mark 80 years this month since the U.S. dropped atomic bombs on Hiroshima and Nagasaki, historian Garrett Graff, author of the new book ‘The Devil Reached Toward the Sky,’ joins us to talk about what we learned — and we didn’t learn — in the decades since the U.S. dropped those bombs.

And in headlines: Thousands of people in Israel demonstrated against Prime Minister Benjamin Netanyahu’s plan to take control of Gaza City, Trump ramped up threats to take federal control of Washington D.C., and Texas Attorney General Ken Paxton sued to remove 13 Democratic state lawmakers from office amid an ongoing fight over redistricting.

Show Notes:

The Indicator from Planet Money - What we’re reading on the beach this summer

It's time for our annual beach reading recs. Today we bring you three books, with a little economic learning to boot. Our recs:

Who is Government? The Untold Story of Public Service by Michael Lewis
El Dorado Drive by Megan Abbott
Algospeak: How Social Media is Transforming the Future of Language by Adam Aleksic

Related episodes:
Beach reading with a side of economics How to beach on a budget
How to beach on a budget

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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