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Joseph Solis-Mullen



Articles by Joseph Solis-Mullen

It Just Might Be Time to Listen to the Austrians

5 days ago

While it is sometimes portrayed as a trivial assortment of anecdotes and odd or mistaken experiments, stripped of its hyperbole and properly contextualized, behavioral economics can offer insights to Austrians seeking to optimize their own outcomes. At its most basic level, behavioral economics simply argues that as individuals purposefully pursue their certain ends, they sometimes …

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Where the Truth Is Hidden: Debating the Current State of the US Armed Forces

17 days ago

With members of Congress claiming that the Russian invasion of Ukraine somehow threatens the US homeland, it is time to tell the truth about the military threats to this nation. Original Article: “Where the Truth Is Hidden: Debating the Current State of the US Armed Forces” This Audio Mises Wire is generously sponsored by Christopher …

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Where the Truth Is Hidden: Debating the Current State of the US Armed Forces

25 days ago

With both Democrats and Republicans predictably falling over each other to increase US defense spending, what serious commentary and debate exists primarily focuses on how best to effectively allocate the additional billions of taxpayer dollars to be dumped into the black hole of the Pentagon. One analyst, at Reason, dared to suggest that Congress wasn’t taking the …

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Political Upheaval Is Not Threatening “Our Democracy.” Our Democracy Is.

April 21, 2022

The current political polarization in the USA is not a “threat” to “our democracy.” Instead, democracy as we know it is the prime reason for the polarization. Original Article: “Political Upheaval Is Not Threatening “Our Democracy.” Our Democracy Is.” This Audio Mises Wire is generously sponsored by Christopher Condon. 

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Political Upheaval Is Not Threatening “Our Democracy.” Our Democracy Is.

April 14, 2022

Attempting to understand the political polarization and dysfunction that has increasingly come to define American politics in the twenty-first century requires grappling with a host of interconnected phenomena. The gradual transformations undergone by the Republican and Democratic parties, which saw the steady elimination of liberal Republicans and conservative Democrats, have deep historical roots. For all its …

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Why It’s Looking More like the 1970s than the 1950s.

April 12, 2022

It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it. Original Article: “Why It’s Looking More like the 1970s than the 1950s.” This Audio Mises Wire is generously sponsored by Christopher Condon. 

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Why It’s Looking More like the 1970s than the 1950s.

April 4, 2022

Last July when a team of White House economists issued their analysis of the predicament the US economy was mired in, the historical parallel they landed on was the immediate years following the Second World War. In their telling, it was similar supply shortages and pent-up demand that was causing all the inflation. Once resolved, a golden …

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A Harder Line with Beijing? Let’s Hope Not.

March 31, 2022

Beijing only ever really wanted Moscow around as a way to balance against Washington. But with the US being seen to overtly seek to punish Beijing, this will now only move it closer to Moscow. Original Article: “A Harder Line with Beijing? Let’s Hope Not.” This Audio Mises Wire is generously sponsored by Christopher Condon. 

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A Harder Line with Beijing? Let’s Hope Not.

March 25, 2022

It was hoped at the outset that high-level meetings this week between Washington and Beijing might go some way toward bringing the crisis in Ukraine to an end. Instead, in both President Joe Biden’s Friday conversation with President Xi Jinping and Jake Sullivan’s earlier lengthy meetings in Rome with ranking Politburo member Yang Jiechi, the US side spent its time outlining …

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There Is No Winner in This Trade War

March 21, 2022

Trade war means increasing the debt, eroding the public confidence, raising prices, and burdening the economy with interventions. All of it done in the name of the “public good.” Original Article: “There Is No Winner in This Trade War” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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The Legacy of Angela Merkel: Kicking the Can Down the Road

March 18, 2022

In the months since Angela Merkel’s departure from the German chancellorship after sixteen years in power, the editorials praising her reign have been legion. This is not one of them. Original Article: “The Legacy of Angela Merkel: Kicking the Can Down the Road” This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Legacy of Angela Merkel: Kicking the Can Down the Road

March 5, 2022

In the months since Angela Merkel’s departure from the German Chancellorship after sixteen years in power, the editorials praising her reign have been legion. This is not one of them. Busy heaping praise on abstractions, Merkel’s purported courage, strength, and moral conviction, few bother to look at the actual policies of her governments and their …

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What Caused the Post–Cold War Stalemate over NATO

March 3, 2022

As the invasion of Ukraine continues to unfold, those seeking to understand how such a tragedy could come to pass would do well to pick up M.E. Sarotte’s new book Not One Inch: America, Russia, and the Making of Post–Cold War Stalemate. Sarotte, the Kravis Professor of Historical Studies at Johns Hopkins, builds her book on …

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US Foreign Policy Has Always Been Aggressive

February 24, 2022

With so much having been made in the past decade of China’s behavior in its immediate neighborhood—from jousting with Japan over the Senkaku/Diaoyu Islands to building up and occupying the Spratly Islands, from harassing Filipino fishermen to engaging in actual border clashes with India—it is worth stepping back and taking a wider view of Chinese …

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An American Fight in Ukraine Brings Big Costs, No Benefits

February 10, 2022

If there was one thing that predictably united the usually squabbling Roman elite, it was the emergence of a perceived threat to Rome’s Mediterranean and near-continental hegemony. To some degree, however difficult to calculate, it is impossible to deny that the dissolution of the Soviet Union has been responsible for the increasing polarization of American …

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Quantitative Tightening Won’t Stop Price Inflation

February 1, 2022

Markets reacted badly last week to Federal Reserve chairman Jerome Powell’s statements outlining the Fed’s initial forecast for the coming year. With inflation clearly no longer being “transitory,” with the Consumer Price Index accelerating to 7 percent in December, Powell has turned increasingly hawkish. Apart from seeming to confirm a series of rate hikes for 2022, markets …

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Money and Banking in the US after the Crises of the 1970s and ’80s

January 29, 2022

In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars. Original Article: “Money and Banking in the US after the Crises of the 1970s and ’80s” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by …

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Money and Banking in the US after the Crises of the 1970s and ’80s

January 13, 2022

Continued from part 1. The story in its popular outline is well known. Facing persistent stagflation, the new chair of the Federal Reserve, Paul Volcker, set out to cure the American economy via a treatment of shock therapy, rapidly hiking interest rates. From 1979 to 1983 the effective federal funds rate scarcely dipped below 10 percent and nearly …

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Money and Banking after World War II: A Study in Extremes

January 12, 2022

The history of money and banking in the United States since World War II is one of extremes. From stability to chaos, hubris to paralyzing fear, the era is perhaps best understood in terms of two roughly overlapping periods. The first, spanning approximately 1945–71, was characterized by relative stability. Backstopped by the dollar-centric international monetary system …

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Chile’s New President Threatens the Nation’s Market-Driven Prosperity

January 6, 2022

With his arrival to the office, Chile’s newly elected president, long-time outside opposition leader Gabriel Boric, has vowed: “If Chile was the cradle of neoliberalism, it will also be its grave.” While the term suffers for want of a clear definition, Boric has not been shy over the course of his career about making clear what …

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Turkey’s Economy Is in Big Trouble

January 5, 2022

Over the years observers of Turkish politics have become somewhat inured to erratic swings in policy coming out of Ankara. Particularly since the political reforms of 2017, his high degree of control over the primary functions of the state mean President Recep Tayyip Erdoğan faces few hurdles to executing abrupt changes he views as correct …

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Biden Has Embraced Trump’s Protectionism

December 17, 2021

Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn’t appear to be enthusiastic about embracing free trade. Original Article: “Biden Has Embraced Trump’s Protectionism” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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The West Must Stop Trying to Expand NATO into Ukraine

December 13, 2021

The conflict in Ukraine looks like it might be about to unfreeze.  A large buildup of Russian troops near Ukraine’s border, joint military exercises alongside embattled allies, and the deployment of Russian nuclear-capable bombers in the area have raised alarm among North Atlantic Treaty Organization (NATO) members. Further, heightening tensions, Moscow has reacted strongly to the arms and equipment that have been supplied to Kiev …

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Biden Has Embraced Trump’s Protectionism

December 7, 2021

The Biden administration’s decision this week to raise import duties on some Canadian lumber has US trade policy back in the headlines. Since taking office President Biden has moved to end a pair of trade spats with the European Union, while simultaneously leaving in place the Trump administration’s tariffs on Chinese exports. Despite the wide-ranging applause Biden received for …

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It’s Time for the US To Stop Courting Conflict with Russia

December 1, 2021

Biden’s team is dominated by liberal internationalists, and just as their aggressive approach to China is the wrong one to take in the Indo-Pacific, it has long been counterproductive in eastern and southern Europe. Original Article: “It’s Time for the US To Stop Courting Conflict with Russia” This Audio Mises Wire is generously sponsored by …

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It’s Time for the US To Stop Courting Conflict with Russia

November 23, 2021

Just as happened this past April, Russian troop levels at the border with Ukraine are rising. Next door in Belarus, the embattled government of Alexander Lukashenko is being accused of launching a “hybrid attack” on its neighbor Poland. Meanwhile, to the south, a constitutional crisis been brewing for months in Bosnia and Herzegovina, with Bosnian Serb leader Milorad Dodik apparently taking …

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