OPEC+ teaches us that demand curves are downward sloping
From the NYTimes (In Surprise, OPEC Plus Announces Cut in Oil Production): Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by more than 1.2 million barrels of crude a day, or more than 1
Why Most of the World Isn’t on Board with the NATO-Russia War
Many governments support continuing the Ukraine war, but ordinary people in Europe, America, and the developing world fear the war will bring economic disaster. Original Article: "Why Most of the World Isn't on Board with the NATO-Russia War" This Audio Mises Wire is generously sponsored
Peasants, Rise Up! The Croquants of the 17th Century
Seventeenth-century French kings and their minions did not impose an accelerating burden of absolutism without provoking grave, deep, and continuing opposition. Indeed, there were repeated rebellions by groups of peasants and nobles in France from the 1630s to the 1670s.
Canada’s Impotent Justice System Is the Product of Dysfunctional Canadian Democracy
Conservatives have been pressuring “the Liberal government to address what they term a violent crime wave, citing the killings of five police officers in five months and a surge of violence in cities across Canada.” Conservative leader Pierre Poilievre said
Bipartisanship Is Not a Substitute for Voluntary Exchange
Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly. Original Article: "Bipartisanship Is Not a Substitute for Voluntary Exchange" This Audio Mises Wire is generously sponsored by Christopher Condon.
Would Stress Tests Have Prevented the Failure of SVB? Probably Not
“This is all about regulation and the fact that at some point in time there was great advocacy for making sure that the regional banks and the smaller banks didn't have to comply with some of the rules that perhaps
Why Fractional Reserve Banking Is behind Bank Failures
Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation? Original Article: "Why Fractional Reserve Banking Is behind Bank Failures" This Audio Mises
Hatchery supported trout waters open Saturday*
From the local paper (Hatchery supported trout waters to open April 1): The N.C. Wildlife Resources Commission will open approximately 1,000 miles of Hatchery Supported Trout Waters at 7 a.m. on April 1. The season will run through Feb. 29, 2024. The
Climate Activism: The Second Children’s Crusade
The "first" Children's Crusade of 1212 ended in tragedy for those taking part. The "second" crusade is not going to produce any happy endings, either. Original Article: "Climate Activism: The Second Children’s Crusade" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Price of Gold
Mark is not fooling around today. He looks back at the history of gold and its price, which some believe is too erratic and too unstable (like Bitcoin) to serve as a basis of a monetary system. Mark shows that it is not