Week in Review: October 29, 2016
Obamacare premiums are exploding, just as mises.org has long predicted. Another disastrous example of politicians discarding basic common sense in passing through legislation to address a problem they themselves have created. Unfortunately there is little hope of politicians learning from their mistakes, as they continue to push through bill, after bill, after bill that expands their influence at the expense of the market and human freedom. No wonder public faith in elections is collapsing as the reach of the state grows larger. Hopefully this growing distrust can spur a libertarian populist awakening, leading to the spread of the ideas that make civilization prosperous.
The Mises Institute will further discuss the collapsing public trust in politics next weekend during our Dallas-Ft. Worth, Mises Circle. You can join Jeff Deist, Lew Rockwell, Robert Murphy and our other great speakers in person, or follow the event live at Mises.org/live.
On Mises Weekends, Jeff is joined by Nomi Prins, a prolific writer and speaker on the subjects of central banking, financial markets, and Wall Street cronyism. She is a former managing director at Goldman Sachs and Bear Stearns, but left investment banking to speak out against what she perceives as global financial malfeasance by commercial, investment, and central banks. Nomi is a dedicated progressive who supported Bernie Sanders, but she’s also a harsh critic of the Fed and sympathetic to Austrian depictions of malinvestment and artificially-created bubbles.
Nomi and Jeff discuss the role of central banks in creating an unworthy financial elite, the revolving door between the Treasury Department, the Fed, and banks like Goldman Sachs, how the Fed is necessarily and unavoidably political, how central banks historically have financed interventionist wars, and how the Fed could be the great populist issue that further unravels the Left/Right paradigm.
And in case you missed any of them, here are the articles featured this week on the Mises Wire:
- Britain Should Embrace Unilateral Free Trade Right Now by Louis Rouanet
- Ideas Make Us Rich by Allen Mendenhall
- Is De-industrialization a "Natural Phenomenon" of Developed by Jörg Guido Hülsmann
- Public Faith in Elections Falls as the State Grows by Ryan McMaken
- Populism Is Not an Ideology by Joseph T. Salerno
- The Homo Economicus Straw Man by Ryan McMaken
- The War Against Payday Lending by Jonathan Lee
- Trade Agreements or Political Independence: A False Choice by Carmen Elena Dorobăț
- The Bad Economics Behind Monopoly by Chris Calton
- Robert D. Tollison, RIP by Mark Thornton
- New York Declares War on Homesharing by Brittany Hunter
- Federal Meddling in Dairy Farms Hurts Both Consumers and Producers by Dave Albin
- Are High Taxes in Northern States Ruining Baseball? by Ryan McMaken
The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.