Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion
Previously I explained Ludwig von Mises’s descriptive philosophy of the consent of individuals as the only thing that gives value to norms and authority. Individuals interpret norms and authority as useful—whether or not they are useful in reality for individuals’
And you may find yourself in another part of the world
We started blogging again this year and it has been fun. I've managed to keep up with my quantity expections (quality is an issue)
Why Lower Civics and U.S. History Scores? Maybe Just Less Emphasis on Testing
Neal McCluskey The latest 8th grade National Assessment of Educational Progress (NAEP) civics and U.S. history scores are out, and they have been dropping since 2014. This will no doubt spur lamentations about the state of our kids and our democracy,
SVB Reports From the Fed and GAO Reveal Regulators Long Knew of Problems
Norbert Michel Last week, the Federal Reserve and the Government Accountability Office (GAO) both released reports on the large bank failures that occurred in March 2023. Both reports reveal serious shortcomings of the U.S. regulatory framework for banks. The GAO report discusses
SVB Reports From the Fed and FDIC Reveal Regulators Long Knew of Problems
Norbert Michel Last week, the Federal Reserve and the Government Accountability Office (GAO) both released reports on the large bank failures that occurred in March 2023. Both reports reveal serious shortcomings of the U.S. regulatory framework for banks. The GAO report discusses
From Discipline to No Discipline: The Sorry Evolution of Modern Banking
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world. Original Article: "From Discipline to No Discipline: The Sorry Evolution of Modern Banking"
Does GDP Present an Accurate Picture of the Economy? Not Likely
To understand the economy, most financial experts and commentators rely upon gross domestic product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a quarter or a year. This statistic
Divide and Control: Central Bankers Blame the Victims
The Central bankers of the world, apparently losing confidence that they can fix the inflation they created, are turning to Plan B: blame the people. So we fight each other. Last week the chief economist of the Bank of England, Huw
Endangering Washington’s Divine Right to Deceive
Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely. Original Article: "Endangering Washington's Divine Right to Deceive" This Audio Mises Wire is generously sponsored
Spotlighting Protester Surveillance: FOIA Lawsuit Edition
Patrick G. Eddington This coming May 25 will mark three years since the murder of George Floyd by then‐Minneapolis police officer Derek Chauvin. That event sparked some of the largest political street protests since the Vietnam War era. In both cases,