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Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état.
Original article: https://mises.org/mises-wire/rothbard-constitution-was-coup-detat
Plus, President Trump extends the existing tariffs on Mexico for 90 days. And the Fed’s preferred gauge for inflation was higher than the bank’s target in June. Alex Ossola hosts.
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Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.
Original article: https://mises.org/mises-wire/mmt-wrong-about-history-origins-money
We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.
Original article: https://mises.org/mises-wire/yes-virginia-there-deep-state-and-it-worse-you-think
Meta and Microsoft shares jumped Thursday morning following strong quarterly earnings, with both companies attributing the gains to AI-driven productivity and revenue growth. Susan Schmidt at Exchange Capital Resources weights in. Also on the show: inflation picked up in June, challenging hopes of a cooldown. Diane Swonk at KPMG explains the implications. And later, Marketplace's Jennifer Pak looks at what Chinese consumers are (and aren't) spending on this summer.
Many people have been killed in Russian airstrikes on Kyiv, including a six-year-old boy and his mother. Ukrainian officials say the attacks also brought down an apartment block. It happened despite Donald Trump imposing a new deadline on President Putin to agree to a ceasefire or face fresh US sanctions. Also: Washington's envoy, Steve Witkoff, is meeting the Israeli Prime Minister Benjamin Netanyahu to try to salvage ceasefire talks and help improve the dire conditions in Gaza, and what archaeologists are learning from tattoos found on a two-and-a-half-thousand year-old mummy.
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What began as a three-day strike by taxi drivers against rising petrol prices in Angola, has escalated into one of the most widespread and disruptive waves of protest the country has seen in recent years. What has life been like in the capital Luanda, against the background of the unrest?
Why do fewer than a quarter of South Africans trust their police service? A new survey shows only 22% of South Africans have any confidence in the institution.
And we meet the Nigerian film maker, Joel Kachi Benson, who won an Emmy for a film he made about the young boy dancing in the rain who thrilled the world in a viral video a few years ago.
Presenter: Audrey Brown Producers: Blessing Aderogba in Lagos. Tom Kavanagh and Nyasha Michelle in London Technical Producer: Jonathan Greer Senior Producers: Patricia Whitehorne and Karnie Sharp Editors: Andre Lombard and Alice Muthengi
Twenty-seven Democratic senators voted against aid to Israel on Wednesday, a mark of the Jewish state's abandonment by one of the two major parties in America. But wait! What's this? Polling in 1982 that almost perfectly matches the polling today on support for Israel? Maybe be of better cheer if you are an advocate for the Jewish state, or nah? And...the amazing Sydney Sweeney jeans ad and what it says about America. Give a listen.
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Donald Trump has stepped up his diplomatic assault on the government of Brazil's left- wing president, Luis Inacio Lula da Silva. He's signed an executive order which brings total tariffs on Brazilian goods to fifty percent. At the same time, the US Treasury has imposed financial sanctions on the senior Brazilian judge overseeing the criminal case for coup plotting against Brazil's former leader, Jair Bolsonaro. We speak to Brazilian ambassador to London, Antonio Patriota.
Also, we speak to Yehuda Cohen - the father of an Israeli soldier taken hostage on October 7th -- who tells us he thinks the recognition of a Palestinian state will help pressure his government to get his son home.
And the actor Stephen Fry on playing a formidable aristocratic woman in Oscar Wilde's most famous play, the Importance of Being Earnest.
(Photo: President Trump and Brazilian then-President Bolsonaro at Mar-a-Lago in 2020. Credit: Getty Images)