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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
Scholar of Israel's occupation, genocide, and apartheid, and former coordinator for the BDS weapons embargo campaign Shir Hever returns to Bad Faith to offer insights into the politics on the ground in Israel, the interplay between the Iran war and Netanyahu's political ambitions, the implications of polls showing overwhelming majorities of Israeli's support Israel's genocide and even expulsion of Arab Israelis from the country, and the status of BDS campaigns around the world.
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The semi-announcement of a Trump-Putin meeting coming as the deadline for punishing sanctions against Russia approaches raises the question of whether the president will go through with those sanctions or delay them. And the tariffs begin, with unknown consequences—but then, the consequences have thus far been surprising. And are we understanding the Democratic bad poll numbers right? Give a listen.
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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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How did Europe move from a collection of impoverished city states and kingdoms to a prosperous state of affairs? Europeans learned the value of contracts, private property, and the limited power of the state, and in turn, they flourished.
Original article: https://mises.org/mises-wire/european-miracle-how-contractual-politics-and-divided-power-gave-birth-western-prosperity
There is much gnashing of teeth and pulling of hair by just about every leader in the West, especially by an almost apoplectic President Trump, over a so-called “sinister threat” by the BRICS.
Original article: https://mises.org/power-market/can-brics-nations-lead-us-better-world
One cannot deny that American institutions have been corrupted by leftist thought, which demonstrates the success of Italian communist Antonio Gramsci's call to bring about socialism in the West by eroding the institutional barriers against it.
Original article: https://mises.org/mises-wire/scholars-and-schemers-how-left-ruined-higher-education