It is always a mistake to advocate government action, for there is no way you can fully anticipate how government will be used. Nor can you ever count on a slice of the population to be moral in its advocacy of the uses of the police power.

This article was originally published in 2004: https://mises.org/mises-daily/reality-red-state-fascism

The Reality of Red-State Fascism (2004)

Matt McCaffrey is a former Mises Institute research fellow with an expertise in the American economist (and Austrian fellow-traveler) Frank Fetter. He joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.

Dr. McCaffrey's Journal Article: https://Mises.org/HAP480a
Frank Fetter's Capital, Interest, and Rent: https://Mises.org/HAP480b
Matt McCaffrey, “Frank Fetter and the Austrian Tradition in the United States”: https://Mises.org/HAP480c

The Human Action Podcast

Matt McCaffrey on Frank Fetter vs. Alfred Marshall on the Theory of Rent

Mark Thornton looks forward to 2025—and a little bit backwards at 2024—and projects what we might see in the coming new year. He also shares his economic "wish list" for the younger generation in 2025.

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

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Minor Issues

An Economic Forecast for 2025

In 1940, shortly after Nazi armies ran across Europe and conquered France, Ludwig von Mises and his wife, Margit, escaped to the US after a harrowing journey through hostile territory. Here is their story.

Narrated by Millian Quinteros.

Audio Mises Wire

The Secret Passage: How Amzalak and Salazar Helped Ludwig von Mises Escape the Nazis

One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.

Narrated by Millian Quinteros.

Prices Are Not Measurements of Value | Michael Njoku

Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean-Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings.

Narrated by Millian Quinteros.

From Indentureship to Entrepreneurship | Lipton Matthews

The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.

Narrated by Millian Quinteros.

US Bond Yields Rise as Reserve Currency Status Wanes | Artis Shepherd

The Austrian School of economics traces its roots to the School of Salamanca in medieval times. The scholastics of Salamanca, in turn, were influenced by the canon jurists from the University of Bologna, demonstrating the rich and historic roots of Austrian economics.

Narrated by Millian Quinteros.

Another Merit of Medieval Bolognese Canons | Claudio Restani

Modern “antiracist” historians have pursued the myth that the virtuous North engaged in warfare with the South in order to free slaves and end chattel slavery. The historical record, however, tells a much different story.

Narrated by Millian Quinteros.

North and South in Antiracist Revisionism | Wanjiru Njoya

The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy.

Narrated by Millian Quinteros.

The Fed’s “Price Stability” Schemes Sow Economic Chaos | Frank Shostak

Created as a sop to the teachers‘ unions, the Department has presided over huge declines in student academic performances and has played a vital role in politicizing formal learning at all levels. 

Narrated by Millian Quinteros.

Why It’s Time To Abolish the Department of Education | Jane L. Johnson

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The Reality of Red-State Fascism (2004)

Mises Institute

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