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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
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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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
The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it with coercive government acts.
Original article: https://mises.org/mises-wire/why-we-should-repeal-civil-rights-act
From the Jacksonians to the Marxists, political theorists have understood that there is something unique about "small industry" between big business and propertyless workers.
Original article: https://mises.org/mises-wire/brief-history-petite-bourgeoisie
Modern sport can seem awash with money, but it’s been claimed that the richest sportsperson of all is an ancient Roman Charioteer from the second century AD called Gaius Appuleius Diocles, with career winnings that stood at 35 million sesterces. One calculation has translated that into an astonishing $15 billion dollars today, and it’s a figure that’s stuck. But should we believe it? Duncan Weldon talks to ancient historian Professor Mary Beard from the University of Cambridge to learn more about the big business of chariot racing, and how we should think about money and wealth in the economies of the past. Presenter: Duncan Weldon Producer: Nathan Gower Series Producer: Tom Colls Editor: Richard Vadon Programme Coordinator: Brenda Brown Sound Engineer: James Beard