Audio Mises Daily

Think of it! The finest orchestrations ever known to man, the most beautiful music any individual on earth has heard — all mine, and done for me privately when I want it, and where I want it, and for no more than the flick of a switch. Staggering! Yet I, like most Americans, take it for granted. We absorb the enjoyment and let it go at that; we drink of the cup without gratitude, as if the gift were automatically our due, writes Leonard E. Read.

This audio Mises Daily is narrated by Floy Lilley.

The main error of widespread pessimism is the belief that the destructionist ideas and policies of our age sprang from the proletarians and are a "revolt of the masses." In fact, the masses — precisely because they are not creative and do not develop philosophies of their own — follow the leaders. The ideologies which produced all the mischief and catastrophes of our century are not an achievement of the mob. They are the feat of pseudoscholars and pseudointellectuals, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Floy Lilley.

As the president signs the trillion-dollar stimulus package into law, financial networks are abuzz with investment pundits speculating on what companies will benefit, and thus what stocks should be purchased. Such analysis makes an error of causality commonly found in equities research. It assumes a direct correlation between business activity and stock prices, writes Mark A. Pribonic.

This audio Mises Daily is narrated by Floy Lilley.

I've always been perplexed by the dichotomy that often divides people's avowed beliefs and their actions. It may be hard to accept the moral and economic evils of socialism, in the abstract, but it's also hard to vote against it. It turns out to be fairly easy, however (if potentially dangerous), to give an example of its insidiousness, writes Tim Kern.

This audio Mises Daily is narrated by Floy Lilley.

This audio version of the Mises.org Daily Article was read by Dr. Floy Lilley.

David Gordon covers new books in economics, politics, philosophy, and law for 'The Mises Review', the quarterly review of literature in the social sciences, published since 1995 by the Mises Institute.

Studying Jörg Guido Hülsmann's latest book, The Ethics of Money Production, is a vastly enriching experience. After building his case for natural money on the inviolability of an individual's right to his own property, he then shows us how the state has spent the last 400 years usurping this right for the benefit of a privileged few through its protection of fractional-reserve banking, writes George F. Smith.

This audio Mises Daily is narrated by Floy Lilley.

I am tired of hearing economists argue that government and the Fed should expand credit for the good of the economy. Sometimes an analogy clarifies a subject, so let's try one. It may sound crazy, but suppose the government were to decide that the health of the nation depends upon producing Jaguar automobiles and providing them to as many people as possible, writes Robert R. Prechter, Jr.

This audio Mises Daily is narrated by Floy Lilley.

In their zeal to oppose the lunacy of the so-called "stimulus" plan, many radio talk show hosts and other pundits have fallen into the Keynesian trap. Rather than the politicians spending nearly a trillion dollars, they argue, it would provide much more stimulus if the government gave massive tax cuts. Although the instincts behind such arguments are sound, they often betray an underlying Keynesian mindset, writes Robert P. Murphy.

This audio Mises Daily is narrated by Floy Lilley.

Unfortunately, we cannot remain neutral while the experts battle. The global-warming advocates support drastic measures that would seriously affect production. Some of them go further and call for curbs on human population. In this connection, it is more than a little disturbing that John Holdren, chosen by Barack Obama as his science advisor since the publication of Horner's book, is a close associate of Paul Ehrlich, writes David Gordon.

This audio Mises Daily is narrated by Floy Lilley.

If it were possible to lift real economic growth by means of money pumping, world poverty would have been eradicated a long time ago. Real economic growth requires real savings to fund various activities that support and promote it, writes Frank Shostak.

This audio Mises Daily is narrated by Floy Lilley.