Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.
Original article: The Birth of “Irrational Exuberance”
Audio Mises Wire - Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.
Original article: Why People Pay Higher Prices for Some Goods Relative to Others
Audio Mises Wire - If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
Had Republicans not vastly expanded federal criminal law during the infamous Wall Street prosecutions 40 years ago, lawfare would not have become such a potent political weapon.
Original article: If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
Audio Mises Wire - Ten Lessons on US Foreign Policy from Enough Already
In this review of Scott Horton's book, Enough Already, we see that the wars the US has waged for the past quarter century in the Middle East have been a disaster. Millions of deaths and a massive refugee crisis later, the unmistakable verdict is in.
Original article: Ten Lessons on US Foreign Policy from Enough Already
Audio Mises Wire - Nagel on Libertarianism and Other Things
David Gordon takes another look at Thomas Nagel's Equality and Partiality. While he finds some of Nagel's arguments appealing, they still are inferior to Murray Rothbard's systematic interpretation of natural rights.
Original article: Nagel on Libertarianism and Other Things
Audio Mises Wire - Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
Kamala Harris claims that she simply wants food prices to be lower. However, her de facto price fixing scheme would create food shortages and raise the real price of food. Of course, when that happens, Harris simply will blame capitalism.
Original article: Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
Audio Mises Wire - Answering the Confused Critics of Austrian Economics
There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.
Original article: Answering the Confused Critics of Austrian Economics
Cato Daily Podcast - Some Cold Economics on the Biden Plan to Expand Nuclear Power
The economics of nuclear power should signal that Biden's late-term commitment to its expansion doesn't mean a whole lot, at least not for a few decades. David Kemp comments.
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Cato Daily Podcast - The Worst Argument for CBDCs
Central bank digital currency will be a looming threat for some time to come, and arguments in their favor often depend on your ignorance of the power of the technology. Will Luther and Nick Anthony explain.
Hosted on Acast. See acast.com/privacy for more information.
The Indicator from Planet Money - How to shop during a crisis
Events like the recent dock worker's strike and hurricanes sparked panic buying among American shoppers. Today, a logistics expert helps us craft a shopper's guide for how to navigate a supply chain crisis.
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