Who Are the Wealth Destroyers, Politicians or Billionaires?
Thinking that billionaires are a policy failure has become pervasive in the United States. Politicians like Alexandria Ocasio-Cortez and Elizabeth Warren are leading the charge in the demonization of billionaires. Left-leaning politicians and their allies think that billionaires corrode society
The Fed’s Capital Goes Negative
The Federal Reserve’s new report of its balance sheet shows that in the approximately six months ended March 29 it has racked up a remarkable $44 billion of cumulative operating losses. That exceeds its capital of $42 billion, so the
To Fight the State, Build Alternatives to the State
The challenge at hand is more than simply opposing the state. Rather, it is necessary to build up, reinforce, and sustain institutions that can offer alternatives to the state. Original Article: "To Fight the State, Build Alternatives to the State" This Audio Mises Wire is generously sponsored by Christopher Condon.
Why the Regime Needs the Dollar to Be the Global Reserve Currency
Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of
Why do we keep getting the price of driving is wrong?
For years I have railed about the need to get the price of driving right (too many posts to find and link, but here's a good one). Why, oh, why I cry, do we still keep finding needlessly complicated ways
What Our Energy Future Be? A Few Ideas
Access to energy has long been taken for granted as society became quite used to relatively stable prices and the ample abundance of energy. Meanwhile, the business side of energy was relegated to industry insiders, policymakers, and market traders dealing
We’re doomed: part 189
Or, at least salmon are doomed. From the NY Times (California Salmon Stocks Are Crashing. A Fishing Ban Looks Certain): This week, officials are expected to shut down all commercial and recreational salmon fishing off California for 2023. Much will be
Is the Fed Trying to Bail Out the World? Sure Looks Like It
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well. Original Article: "Is the Fed Trying to Bail Out the
SVB’s Failure Is Not an Excuse for More Regulation
Recently, Silicon Valley Bank (SVB), a bank that was heavily involved in cryptocurrency, collapsed. Naturally, Democrats want to exploit the situation to rush through new regulations. But that will only make the problem worse. The failure of Silicon Valley Bank, a
Cancel Culture: The Digital Panopticon
The panopticon is a hypothetical surveillance and control system first imagined by philosopher Jeremy Bentham in the eighteenth century. It’s envisioned as a tool to control the behavior of a large number of people with as little effort as possible.