New York vs Texas: NY Has Nearly 50 Times More COVID-19 Deaths Per Capita

As of April 26, there were nearly 55,000 COVID-19 deaths reported in the United States. Of those, more than 22,000 (or about 40 percent) were in the state of New York alone. New Jersey was in second place, with nearly 5,900 COVID-19 deaths reported. If we combine these two states, we find that a majority of COVID-19 deaths in the United States have come from them alone. Combined, these two states accounted for more than 51 percent (28,213) of all deaths, while all other states combined made up less than…

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Why Americans Don’t Have Any Savings

Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Why Americans Don’t Have Any Savings” Source link

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Ending the Lockdowns Isn’t about Saving Money. It’s about Saving Lives.

“Saving lives versus saving money” comparisons confuse ends with means. The end of saving the economy is not to have more money. The end is to have resources necessary to preserve the lives and health of countless human beings. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Ending the Lockdowns Isn’t about Saving Money. It’s about Saving Lives.” Source link

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The Case Against Political Activism

American politics is in crisis. Is this because of the Constitution, or in spite of it? For many libertarians, the Constitution is a dead letter. Nobody alive today signed it or consented to it. And politicians ignored it almost from the beginning. What can liberty-minded people do? Recorded at Loyola University New Orleans on February 15, 2020. Video of The Case Against Political Activism | Jeff Deist Source link

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Nationalism as National Liberation: Lessons from the End of the Cold War

During the early 1990s, as the world of the old Soviet Bloc was rapidly falling apart, Murray Rothbard saw it all for what it was: a trend of mass decentralization and secession unfolding before the world’s eyes. The old Warsaw Pact states of Poland, Hungary, and others won de facto independence for the first time in decades. Other groups began to demand full blown de jure secession as well. Rothbard approved of this, and he set to work encouraging the secessionists over the opposition of many foreign policy “experts.” “Nationalism”…

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Why It’s so Hard to Escape America’s “Anti-Poverty” Programs

One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to equivalent nations in the OECD (Organisation for Economic Co-operation and Development). Although it’s true that the measure of poverty is flawed, especially when compared cross-nationally, this piece addresses the reasons why the poverty rate in the US in particular has not improved. If we look at the graph below, we see that official poverty…

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Is Free Market Economics Too “Ideological”?

Free market economics is often ignorantly dismissed for being “ideological” rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not. It doesn’t mean nearly what most people assume it does. The word “free” in free market economics is not used as a normative value judgment but indicates an economy that is unaffected by exogenous (from the outside) factors. “Free” therefore means that it is the market economy in and by itself that is subject to theoretical analysis. This is, in fact, the only way to…

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Marxist Dreams and Soviet Realities

The sharp contrast that Alexis de Tocqueville drew in 1835 between the United States and Tsarist Russia—”the principle of the former is freedom; of the latter, servitude”—became much sharper after 1917, when the Russian Empire was transformed into the Soviet Union. Like the United States, the Soviet Union is a nation founded on a distinct ideology. In the case of America, the ideology was fundamentally Lockean liberalism; its best expressions are the Declaration of Independence and the Bill of Rights of the US Constitution. The Ninth Amendment, in particular, breathes the…

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How the economy could make or break Trump in 2020

As year four unfolds, several key numbers and trends will determine just how much the economy will help Trump overcome impeachment, low approval ratings and serious shortcomings with women and minority voters. “The stock market he’s got. Wages he’s got. The consumer side of the economy is working really well,” said Gary Cohn, Trump’s first National Economic Council director. “The soft underbelly is [that] capital expenditure is not there.“ “He stood there in Pennsylvania and talked about bringing steel mills back and what’s happened is we’ve cut steel lines,” Cohn…

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