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Ryan McMaken

Ryan McMaken

Ryan W. McMaken is the editor of Mises Daily and The Austrian. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014.

Articles by Ryan McMaken

Ending Fiat Money Won’t Destroy the State

7 days ago

When we ask ourselves the question, “Can states survive without fiat currency?” the answer is clearly yes. Original Article: “Ending Fiat Money Won’t Destroy the State” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Why They Want to Keep the “Health Emergency” Going Forever

10 days ago

Last month, Colorado governor Jared Polis ended statewide mask mandates and social-distancing provisions, stating that “the emergency is over.“ This, of course, does not mean Colorado is now laissez-faire in terms of covid. Public higher education institutions—thanks to Polis’ tacit approval—still have free rein in terms of imposing vaccine and mask mandates, and in forcing classes …

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The Experts’ “Zero Covid” Plan Was a Total Failure

11 days ago

The Chinese regime is doubling down in its “zero covid” strategy. In recent weeks, new covid cases have been detected in several cities. In a world of the more-contagious omicron variant, this is to be expected. But what has been the Chinese state’s response? It’s more of the same. Lockdowns, travel suspensions, and more. NBC …

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The Money Supply Grew in November, but the Bigger Trend Is Way Down

15 days ago

Money supply growth rose slightly in November, rising above October’s twenty-one-month low. Even with November’s rise, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent, well above even the “high” …

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Price Inflation Is at the Highest Level since 1982. What Will the Fed Do?

16 days ago

According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multidecade high, rising to the highest level recorded in nearly forty years. According to the Consumer Price Index for December, year-over-year price inflation rose to 7.1 percent. It hasn’t been that high since June 1982, when the growth rate was …

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What the Regime Will Do to Fight Private Digital Currencies

16 days ago

During a confirmation hearing with the US Senate this week, Fed chairman Jerome Powell was asked about whether or not a digital currency issued by a central bank could exist side by side with private cryptocurrencies. Powell responded that there is nothing that would prevent private cryptos from “coexisting” with a “digital dollar.” This, of course, is …

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Ending Fiat Money Won’t Destroy the State

22 days ago

A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the world will improve greatly.  Taken in its moderate form, of …

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Why Did the World Choose a Gold Standard Instead of a Silver Standard?

23 days ago

Among those who support the end of government fiat money, it’s not uncommon to hear and see claims that gold is “the best money” or “natural money” or the only substance that’s really suited to be commodity money. In many of these cases, when they say “gold” they mean gold, and not silver, platinum, or …

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State-Level Secession Isn’t Enough. The States Themselves Must Be Radically Decentralized.

December 22, 2021

The benefits of decentralization don’t stop at the state level. State governments themselves must be broken up into decentralized confederations that allow for local vetoes, local sovereignty, and regional autonomy. Original Article: “State-Level Secession Isn’t Enough. The States Themselves Must Be Radically Decentralized.” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by …

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End Roe v. Wade: It’s Time to Defederalize Abortion Policy

December 21, 2021

California has announced it seeks to become a “sanctuary state” for abortion should the Supreme Court overturn Roe v. Wade. That is, the situation would return much to what it was before 1973. Original Article: “End Roe v. Wade: It’s Time to Defederalize Abortion Policy” This Audio Mises Wire is generously sponsored by Christopher Condon. …

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The Fed Is Hawkish Now? I’ll Believe It When I See It.

December 17, 2021

If you did any Fed watching this week, you probably heard all about how Jay Powell has turned (or perhaps returned) to hawkishness, and how the Federal Open Market Committee is all about fighting price inflation now. A particularly cartoonish version of this claim was written by Rex Nutting at MarketWatch, who declared, “Everyone’s a hawk …

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How the Classical Gold Standard Fueled the Rise of the State

December 16, 2021

Throughout much of the past century, the idea of a gold standard for national currencies has been routinely linked with laissez-faire economics and “classical liberalism”—also known as “libertarianism.” It’s not difficult to see why. During the second half of the nineteenth century—as free-market liberalism was especially influential in much of Western Europe—it was the liberals …

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How Governments Seized Control of Money

December 15, 2021

It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state’s perspective, it has been worth it. Original Article: “How Governments Seized Control of Money” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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They’ll Use the Welfare State to Get Compliance on Vaccine Mandates

December 13, 2021

A Democratic state lawmaker in Illinois has introduced legislation requiring unvaccinated residents to pay out-of-pocket for healthcare services. It’s all part of an effort to come up with new and creative ways to punish people who refuse to get the covid jab. WBBM Radio in Chicago reports: [Jonathan] Carroll’s legislation would amend the state’s insurance …

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Inflation Surges Near to a 40-Year High. Wages Aren’t Keeping Up.

December 11, 2021

According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly 40 years. According to the consumer price index for November, year-over-year price inflation rose to 6.8 percent. It hasn’t been that high since June 1982 when the growth rate was at …

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State-Level Secession Isn’t Enough. The States Themselves Must be Radically Decentralized.

December 10, 2021

Florida governor Ron DeSantis last month signed new legislation largely banning the use of vaccine mandates by either private entities or local governments. The new legislation also reinforces the DeSantis administration’s overall efforts to prevent local governments from imposing mask mandates as well. Most notably, the administration has intervened to prevent school districts from imposing mandates. …

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End Roe v. Wade: It’s Time to Defederalize Abortion Policy

December 9, 2021

The US Supreme Court is now in the midst of ruling on whether or not US member states have the legal prerogative to significantly limit legal abortion within each state’s borders. With the Roe v. Wade ruling in 1973, the US Supreme Court “discovered” that the US Constitution prohibited state and local governments from enforcing …

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The Heroic Draft Dodgers of the American Civil War

December 7, 2021

Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted. Original Article: “The Heroic Draft Dodgers of the American Civil War” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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How Governments Seized Control of Money

December 2, 2021

In discussions surrounding of the world’s monetary systems today there is usually one thing almost everyone can agree on: that money should be controlled by the organizations we call “states” or “sovereign states.” Nowadays when we say “the US dollar” we mean the currency issued by the US government. When we say “the British pound” we …

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The Oklahoma National Guard Refused the Vax Mandate. The Pentagon Is Not Pleased.

November 27, 2021

Combined with the US military’s turn toward “woke” politics, this latest episode around vaccine mandates will further help to undermine support for military institutions among conservatives and Republicans. Original Article: “The Oklahoma National Guard Refused the Vax Mandate. The Pentagon Is Not Pleased.” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by …

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The Heroic Draft Dodgers of the American Civil War

November 27, 2021

In the wake of the American Civil War, one’s status as a veteran could bring significant social and economic benefits. Indeed, the Grand Army of the Republic would become an extremely influential interest group and helped fuel the early creation of an American welfare state for veterans. “Do it for the veterans” became a common …

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Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War

November 25, 2021

The ongoing success of the cannabis nullification effort has shown the uselessness of those who repeatedly chant slogans about “federal supremacy” and “If you don’t like the (federal) law, change it.” Original Article: “Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War” This Audio Mises Wire is generously sponsored by Christopher …

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A Fat, Comfortable Military Is a “Woke” Military

November 20, 2021

The US military’s turn to “wokeness” is a result of decades of high military spending and public deference toward military “experts.” That gave us a military that is overfunded and highly political. Original Article: “A Fat, Comfortable Military Is a “Woke” Military” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael …

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Military Conscription Is a Tool for Centralization, State Building, and Despotism

November 20, 2021

Support for federal conscription is contrary to principles of decentralization or a “limited republic.” Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear. Original Article: “Military Conscription Is a Tool for Centralization, State Building, and Despotism” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Nullification Works: Republicans Look to Legalize Marijuana as States Ignore Federal Drug War

November 15, 2021

Both Bloomberg and the cannabis industry publication Marijuana Moment now report that Republican congresswoman Nancy Mace is preparing to introduce new legislation ending the federal prohibition on marijuana. According to Bloomberg: A Republican bill to legalize marijuana at the federal level in the U.S., expected to be unveiled soon, would have a lighter regulatory touch …

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Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune

November 14, 2021

Vaccine mandates are much easier to enforce thanks to the spread of government spending, government contracting, and monopolized government services. Original Article: “Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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How the Draft Destroys Federalism and Centralizes State Power

November 10, 2021

The US Senate continues to debate legislation potentially adding women to the military draft in the United States. This week, for instance, Senator Josh Hawley attempted to remove from the 2021 National Defense Authorization Act provisions requiring that “all Americans” (aged 18-25) register for the draft. We shouldn’t be surprised to find that Washington politicians are …

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Price Inflation Hits a 31-Year High as Janet Yellen Insists It’s No Big Deal

November 10, 2021

The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2% on a year-over-year basis in October. That’s the highest YOY rate since December 1990 when the CPI was also up 6.2 percent. October’s rate was up from 5.3 percent in September, and remains part of a surge in the index since February 2021 when year-over-year …

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