One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.

Narrated by Millian Quinteros.

Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.

Narrated by Millian Quinteros.

President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.

Narrated by Millian Quinteros.

The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.

Narrated by Millian Quinteros.

In the 1870s and 1880s, and through the 1920s, it's clear that many legislators and judges did not agree that birthright citizenship applied to everyone born in the borders of the US. The modern interpretation is highly debatable.

Additional Reading

"Why the World Is Giving Up on Birthright Citizenship" by Ryan McMaken: https://mises.org/mises-wire/why-world-giving-birthright-citizenship

“Why Birthright Citizenship Is Rare In Europe” by Ryan McMaken: https://mises.org/mises-wire/why-birthright-citizenship-rare-europe

“Don’t Confuse Immigration with Naturalization“ by Ryan McMaken: https://mises.org/mises-wire/dont-confuse-immigration-naturalization

“The Problem with the Arbitrary Line between Legal and Illegal Immigration“ by Ryan McMaken: https://mises.org/power-market/problem-arbitrary-line-between-legal-and-illegal-immigration

Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

Europe has no countries that offer “birthright citizenship” anymore. The US and Canada are rare exceptions. Most countries that still have it are countries with net out-migration like Mexico.

Additional Reading

“Birthright Citizenship Isn’t Real” by Ryan McMaken: https://mises.org/power-market/birthright-citizenship-isnt-real

“Why Birthright Citizenship Is Rare In Europe” by Ryan McMaken: https://mises.org/mises-wire/why-birthright-citizenship-rare-europe

“Don’t Confuse Immigration with Naturalization“ by Ryan McMaken: https://mises.org/mises-wire/dont-confuse-immigration-naturalization

“The Problem with the Arbitrary Line between Legal and Illegal Immigration“ by Ryan McMaken: https://mises.org/power-market/problem-arbitrary-line-between-legal-and-illegal-immigration

“There Is No Such Thing as Settled Law“ by Ryan McMaken: https://mises.org/mises-wire/there-no-such-thing-settled-law

Be sure to follow the Loot and Lobby podcast at https://Mises.org/LL

Making it harder to do business with Americans is not the way to help domestic workers, small businesses, and everyone else in middle America who has been getting ripped off under our current political system.

Read the article here: https://mises.org/mises-wire/tariffs-will-not-make-america-great-again

Register to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://mises.org/tampa25.

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Pundits have labeled piggy banks small change, irrational and wasteful, “just sitting around doing nothing.” As usual, they are wrong.

Register to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://Mises.org/Tampa25. Use promo code Minor25 for 10% off the ticket price.

Enter the 2025 Bitcoin vs. Gold Prediction Contest at https://mises.org/form/bitcoin-gold--2025-entry

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree

Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

Biden‘s last-minute pardon of Anthony Fauci was not done to spare an “innocent” person from abuse by dishonest politicians. Biden likely did it to prevent an investigation into Fauci’s actions and background, which could have proved damaging for the political establishment.

Read the article here: https://mises.org/mises-wire/why-joe-biden-had-pardon-anthony-fauci

Register to attend Educating for Liberty: Mises Circle in Tampa, February 22, 2025, at https://mises.org/tampa25.

Be sure to follow the Guns and Butter podcast at https://Mises.org/GB

Murphy recently squared off against Nathan Tankus in a ZeroHedge debate focusing on Austrian economics vs. Modern Monetary Theory (MMT). Jonathan Newman watched the debate, and selected three clips highlighting key areas of dispute. Jonathan and Bob elaborate on the issues and anticipate possible MMT replies.

Bob's ZeroHedge Debate with Nathan Tankus: https://Mises.org/HAP484a

Bob and Jonathan's Tag-Team Mises University Lecture on MMT: https://Mises.org/HAP484b

Bob's Quarterly Journal of Austrian Economics Paper on The Deficit Myth: https://Mises.org/HAP483c

William Hutt's The Theory of Idle Resources: https://Mises.org/HAP484d