Ryan and Zach talk about how the realities of expensive industrial warfare are still relevant. The Pentagon's fantasy of precision techno-war doesn't apply to wars with peer countries like Russia or China. 

Recommended Reading

"In a war of attrition, you want an economist as defense minister" - The Bell: https://Mises.org/WES_21_A

"The Economics of War" by Murray Rothbard: https://Mises.org/WES_21_B

"The Economics of War" by Matthew McCaffrey: https://Mises.org/WES_21_C

"Defense, Controls, and Inflation" edited by Aaron Director: https://Mises.org/WES_21_D

"Guardians of the Warfare State" by T. Hunt Tooley: https://Mises.org/WES_21_E

"Wartime: Understanding and Behaviour in the Second World War" by Paul Fussell: https://Mises.org/WES_21_F

Be sure to follow War, Economy, and State at https://Mises.org/WES.

War, Economy, and State

The True Cost of Modern Industrial Warfare

The Tennessee Board of Regents for higher education is finding that their DEI efforts are not successful, and the Tennessee legislature has become skeptical. It might be better to scrap the DEI collectivist “solutions” altogether.

Narrated by Millian Quinteros.

Audio Mises Wire

Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee | Aaron Sobczak

Robert Reich is an economic fallacy machine, and he has begun a ten-week series in which he claims to debunk economic myths. Of course, to do so, he has to create economic myths and present them as factual.

Narrated by Millian Quinteros.

Debunking Robert Reich’s Debunking | Jonathan Newman

What makes a libertarian society libertarian? Certainly, one must begin—as did Murray Rothbard—not only with the nonaggression principle, but also with the unequivocal protection of private property rights.

Narrated by Millian Quinteros.

Distinguishing Libertarian Philosophy from Political Strategy | Wanjiru Njoya and David Gordon

One of the problems in presenting economic concepts to a public audience is that too many people in the academic world do not comprehend the simple presence of opportunity cost.

Narrated by Millian Quinteros.

Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics | Artis Shepherd

Keynesian economists believe that the key to increasing economic growth is increasing the supply of money in circulation. Money, however, is a means of exchange, not a means of payments. The difference is vital to understanding economics.

Narrated by Millian Quinteros.

Does Increasing the Money Supply also Increase Economic Growth? | Frank Shostak

Asset forfeiture is another term for state-sponsored theft. Reform of this pernicious policy is almost impossible because of the incentives set up by governments at all levels.

Narrated by Millian Quinteros.

No Honor Among Government Thieves: The Evil of Asset Forfeiture | Ryan Wardle

Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical proposition

Narrated by Millian Quinteros.

Civilization Depends upon Economic Freedom | Wanjiru Njoya

David Gordon reviews How to Run Wars, by Christopher J. Coyne and Abigail R. Hall. Their tone is satirical, aimed at showing the folly and corruption that marks the policies of the foreign policy elites.

Narrated by Millian Quinteros.

Coyning US into War | David Gordon

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss recent European elections, the apparent collapse of the British Conservative Party, and how inflation and immigration are influencing a new generation of voters.

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Farage, Le Pen, and the Rise of the European Right

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The True Cost of Modern Industrial Warfare

Mises Institute

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