Subjective Valuation Versus Arbitrary Valuation

Subjective Valuation Versus Arbitrary Valuation

Author: Mises Institute January 23, 2024 Duration: 7:27
One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.Original article: Subjective Valuation Versus Arbitrary Valuation 

Each day brings a fresh wave of headlines, often leaving us with more questions than answers about what's truly happening in the world. Audio Mises Wire steps into that space, transforming written analysis into an accessible audio format. This isn't just a news recap; it's a deep dive into current events, cultural shifts, and political debates through a specific and principled framework. The discussions are rooted in the traditions of Austrian economics and libertarian thought, providing a distinct perspective on everything from market fluctuations and policy decisions to broader philosophical questions about individual liberty and societal structure. By listening, you'll hear articulate readings of carefully selected articles that challenge conventional narratives. The podcast makes complex economic ideas understandable and connects them directly to the news of the day, examining the real-world consequences of government actions and cultural trends. It’s for anyone curious about the underlying forces shaping our society, who prefers commentary that questions mainstream assumptions. Tune in for a thoughtful, consistent examination of how timeless principles of voluntary cooperation and sound economics apply to our contemporary moment.
Author: Language: English Episodes: 1000

Audio Mises Wire
Podcast Episodes
The Present Monetary System Is Heading for a Breakdown [not-audio_url] [/not-audio_url]

Duration: 9:47
As monetary authorities continue to inflate the money supply, they inflict more and more damage upon the currency. Unfortunately, as the economy falters under the inflationary regime, the “solution” always is to ramp up…
“I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates [not-audio_url] [/not-audio_url]

Duration: 5:44
What if we could have eavesdropped on a conversation between Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen? It might have gone as follows.... Original article: “I Have Bills to Pay,” Or Why the Fed Reall…
Centralizing Federal Power through Southern Reconstruction [not-audio_url] [/not-audio_url]

Duration: 7:33
One of the outcomes of the American Civil War was the movement toward centralization of political power in Washington. The Reconstruction regime imposed upon the former Confederate states following the war was an overt a…
Enough Already: Stop Provoking Russia [not-audio_url] [/not-audio_url]

Duration: 6:05
The Ukraine war rages on and while the media and political classes repeat the “Putin started it” mantra, the evidence points elsewhere. The US government and its European allies have provoked Russia for years, hoping it…
Past Tense—The Homeless Problem in Star Trek DS9 [not-audio_url] [/not-audio_url]

Duration: 9:49
When discussing the homeless situation in the US, Star Trek does not usually come to mind. However, one episode from about three decades ago was both insightful and prophetic in presenting what would be homelessness in S…
What Does ChatGPT Know about Money? [not-audio_url] [/not-audio_url]

Duration: 10:56
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.Original article: What Does ChatGPT Know about Money?
The Battle of the Confederate Monuments [not-audio_url] [/not-audio_url]

Duration: 10:58
In the past four years, a number of monuments honoring the Confederacy have been torn down or removed. As we have seen before, however, the activism behind this movement will not stop with just taking down Confederate sy…
Henri Bergson: The Philosopher of Life and Creative Evolution [not-audio_url] [/not-audio_url]

Duration: 11:11
While Henri Bergson did not point his intellectual abilities toward politics, lesser men who were unscrupulous commandeered his ideas to promote their own collectivist ideologies. Original article: Henri Bergson: The Phi…
Does Technical Knowledge by Itself Drive Economic Growth? [not-audio_url] [/not-audio_url]

Duration: 6:37
Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real savings…