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A relic of the Cold War, the US embargo and travel restrictions to Cuba violate American freedoms and they accomplish nothing to end Cuba's communist regime or win freedom for Cubans. Yet, this failed policy has persisted for nearly 65 years with no end in sight.
Original article: https://mises.org/mises-wire/us-travel-restrictions-cuba-violate-freedoms-americans-and-cubans
On Friday 1st August the US Bureau of Labor Statistics put out their job report data for August. It included revisions to their estimates for the jobs created in May and June which stated there were 258,000 fewer jobs than they had previously estimated. This news was not received well by the White House. President Trump fired the head of the bureau, Erika McEntarfer, calling the numbers ‘phony, rigged, a scam’ and spreading conspiracy theories that McEntarfer had fudged the data. We speak to economist Michael Strain from the American Enterprise Institute, to understand why the revisions happened and the potential consequences of throwing doubt on one of the US’s most important statistical agencies. If you’ve seen a number in the news you think we should take a look at, email the team: moreorless@bbc.co.uk
Presenter: Lizzy McNeill Producer: Lizzy McNeill Series Producer: Tom Colls Production Co-ordinator: Rosie Strawbridge Sound mix: Neil Churchill Editor: Sam Bonham
Before the American Revolution, there were the Levellers, who sought liberty during the English Civil War. While their influence on the American colonists would be indirect, nonetheless, many of their ideas reflected what came after American independence.
Original article: https://mises.org/mises-wire/reintroducing-levellers
If you got a COVID-19 vaccine made by Moderna or Pfizer, congratulations, you got a vaccine that uses mRNA to teach your cells how to fight the disease. But Health and Human Services Secretary Robert F. Kennedy, Jr. is doing his best to undermine their future use. On Tuesday, he announced the cancellation of $500 million in grants and contracts aimed at developing more mRNA vaccines. The decision has received near-universal condemnation from public health experts — even President Donald Trump’s first-term Surgeon General said it will 'cost lives.' Dr. Fiona Havers, an infectious-disease specialist at the Atlanta Veterans Affairs Medical Center and a former senior advisor on vaccine policy for the Centers for Disease Control and Prevention, joins us to talk about Kennedy’s dangerous decision and the risk it poses to public health.
And in headlines: President Donald Trump says he wants a new Census, The U.S. Air Force said it’s denying the option to retire early to all trans service members who have served between 15 and 18 years, and tariff day is (unfortunately) finally here.
Show Notes:
In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized.
Original article: https://mises.org/power-market/inflation-design-how-keynesian-dogma-undermines-capitalism
In January, Mark Zuckerberg announced that Meta was moving from employing professional fact-checkers to letting its users fact-check each other. If you’ve heard that it’s going perfectly, then you, too, have been exposed to misinformation.
Guest: Geoffrey Fowler, tech columnist with the Washington Post
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In this week's Friday Philosophy, Dr. David Gordon reviews Profit Without Apology: The Need to Stand Up For Business by Onkar Ghate and Dan Watkins. While praising the effort, he also shares some concerns.
Original article: https://mises.org/friday-philosophy/we-should-not-apologize-businesses-being-profitable
In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.
Original article: https://mises.org/mises-wire/last-day-barter-and-questions-first-day-chartalism
Last week, President Trump ramped up pressure on two favorite targets: elite universities and Fed Chair Jerome Powell. In the “War on Woke U,” the administration landed a $50 million settlement from Brown—the third Ivy to cut a deal—and added Duke and UCLA to the hit list with new civil rights probes and a funding cutoff. Meanwhile, after the Fed held rates steady, Trump escalated his campaign to oust Powell, denouncing him as a “stubborn MORON” on Truth Social.
In this episode, Cato scholars break down the Art of the Forcible Deal. What risks do Trump’s pressure tactics pose for monetary stability? Will they reform broken institutions—or just deepen their politicization? And is Trump’s strongarm approach an aberration, or a preview of the modern presidency’s future?
Featuring Gene Healy, Ryan Bourne, Emily Ekins, and Jeffrey Miron
Show Notes:
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