In light of Nobel Prizes being given to two researchers of mRNA COVID-19 vaccinations, beltway establishments like that of the Cato Institute have lauded praises onto the decision. To Cato, as evidenced by a blog post by Ian Vásquez, the production of these vaccines was a “victory of globalization!”
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Mises Wire
October’s Sobering Jobs Report Adds to Mounting Bad Economic News
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 150,000 jobs in October, month over month. The unemployment rate rose slightly from 3.8 percent to 3.9 percent over the same period.
Kendi’s Critical Race Theory Is a Failed Marxist Doctrine
Ibram X. Kendi, the controversial author of How to Be an Antiracist, has been revealed as not only a hustler of horrid ideas but also a poor businessman. Kendi was appointed the head and founder of Boston University’s Center for Antiracist Research in 2020 following the aptly named “summer of love,” which saw riots in most major cities over calls for “racial justice.”
Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State
Naomi Wolf was, until the covid era, “a well-known feminist nonfiction writer for thirty-five years . . . privileged to be part of the cultural ‘scene’ made up of influencers on the progressive Left.” With great courage, she rejected the masks, lockdowns, and vaccines urged upon us by the state, viewing them as totalitarian impositions upon us. Her heroic stance turned her into a “nonperson”: her friends and associates on the left shunned her.
Countering the Woke Offensive
Did someone recently flip a switch? It seems as though Wokeism, the Great Reset, ESG, DEI, and an assortment of other radical left-wing positions have just taken over. It is in the movies, media, sports, finance, retail businesses, and even in the beer industry.
The Dangers of a “Cashless” Economy
Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, as in all economies that have legal tender laws, only cash is recognized as money. Some may think that the balance of their bank … Read more
Can Electricity Providers Promise 100 Percent Green Energy? Probably Not.
We expect the lights to come on when we flip a switch, unconcerned with how the electricity is produced or how it reaches our homes. We are aware of telephone poles, wires overhead, and transmission towers, solar panels, and windmills across the countryside. But as long as we pay our electric bills, we trust electric utilities to provide our power somehow.
The Inherent Evils of Centrism
The middle, compromising stance of those called “centrists” or “moderates” is very often mistaken for a balanced and reasonable position. Little else is worse than an entire world tricked into what rationally amounts to crime, thinking it is balanced, realistic, and optimal.
The Spirit of the Establishment Will Thrive under a “Populist Opposition” Government
One of the most eventful things to have happened recently was from an unexpected source. The State Department and the intelligence apparatus didn’t initiate any coups somewhere in the Third World, the Kremlin didn’t launch a blitzkrieg and capture Kiev, and a currency from the BRICS nations (Brazil, Russia, India, China, and South Africa) hasn’t entered circulation yet.
Government Is the Hidden Hand Directing the Culture Wars
Recent data from the Pew Research Center shows that from 1994 to 2022, Americans’ views of opposing political parties became increasingly negative. In 1994, only 21 percent of Republicans and 17 percent of Democrats held “very unfavorable” views of the other party. In 2022, that category rose to 62 percent for Republicans and 54 percent for Democrats. … Read more
The Left Is Now Telling Us (Ukrainian) Nazis Aren’t So Bad After All
On September 22, members of the Canadian Parliament provided a standing ovation for Yaroslav Hunka, a member of Nazi Germany’s Waffen-SS during World War II.
Is the Money in Your Checking Account Yours or the Bank’s?
When Silicon Valley Bank and other banks failed earlier this year, the debate over the sustainability of fractional reserve banking resurfaced. Under fractional reserve banking, banks keep only a fraction of customers’ deposits in reserve. The difference is bank credit, such as government debt, mortgages, business loans, and many other kinds of loans.
Governments Are Using Intimidation To Regulate Independent Journalists on the Decentralized Internet
In the last century, states have had great control over channels of media. In most of the West, lobbying groups and cartels working with “liberal” and “democratic” governments regulated who could broadcast while governments, with their endless pools of money and political force, competed alongside private or foreign establishments.
“Social Justice” Is Neither Social nor Just
Thomas Sowell has given us a penetrating criticism of the approach to justice taken by many political philosophers, especially John Rawls and his innumerable followers. He says that they construct an image of the way society ought to be but fail to ask whether their plans are feasible. His criticism is well-taken, although he does not offer an adequate account of the rights that people have.
The Oil-Price Shock Is a Direct Consequence of Interventionism.
Oil prices are soaring, and, as always, we read in many articles that OPEC and Russia are to blame. However, if OPEC and its allies were almighty and the drivers of oil prices, why have Brent and West Texas Intermediate (WTI) crude plummeted in 2022? OPEC only reacts to demand, but it is not a price-setter. It is a price-taker. WTI … Read more
Chess, Trans Athletes, and Free Markets in Sports
Transgender athletes are becoming increasingly more common in athletic competitions, and this has spurred a great deal of criticism from the right side of the political aisle. Their argument is simple: men have a distinct advantage when it comes to sports.