Audio Mises Wire - Equality under the Hayekian Rule of Law
What do we mean by equality? F.A. Hayek believed that equality under law and the socialist belief of material equality were opposed to each other. Furthermore, he held liberty to be necessary for civilization itself to flourish.
Original article: https://mises.org/mises-wire/equality-under-hayekian-rule-law
Audio Mises Wire - US Travel Restrictions for Cuba Violate the Freedoms of Americans and Cubans
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
Engines of Our Ingenuity - The Engines of Our Ingenuity 1420: The Erie Canal
More or Less: Behind the Stats - Why it matters that Trump fired data chief
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
Audio Mises Wire - Reintroducing the Levellers
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
Audio Mises Wire - Inflation by Design: How Keynesian Dogma Undermines Capitalism
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
The Indicator from Planet Money - More for Palantir, less for mRNA, and a disaster database redemption arc
On today's episode: Palantir crosses a billion dollars in quarterly revenue (what do they actually do again?); mRNA vaccine research gets a big cut in RFK Jr's health department; and a climate disaster database gets a new lease on life.
Related episodes:
How Palantir, the secretive tech company, is rising in the Trump era
An indicator lost: big disaster costs
Moonshot in the arm
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Audio Mises Wire - We Should Not Apologize for Businesses Being Profitable
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
Audio Mises Wire - The Last Day of Barter and Questions for the First Day of Chartalism
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