What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
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Greedflation and Debtflation are Nonsense
2024-08-21
Popular discussions of inflation and the economy have produced more heat than light, if not heat and darkness. President Biden has made multiple remarks on his record, which taken singly are each incorrect. Taken together, Biden’s remarks on Bidenomics are incoherent.Biden claims that his main fiscal stimulus policy, the American Recovery Plan delivered record reductions in unemployment without causing inflation. Biden has insisted that corporate greed (Greedflation) caused the recent wave of price inflation. Biden also claims credit for deficit reduction. There is little evidence of fiscal stimulus working, ever. There is a theory in economics according to which larger fiscal deficits increase total spending, and this increases economic activity and reduces unemployment rates- provided
Employment Flatlines for Eleventh Month as Biden Claims Historic Job Gains
2024-06-10
According to a new report from the federal government’s Bureau of Labor Statistics on Friday, the US economy added 272,000 jobs during May while the unemployment rate rose slightly to 4.0 percent. As has been repeatedly the case over the past year, the latest monthly job-growth number was described as a “blowout” or “hot” number by major media outlets like CNN. As is typical in the good-news-is-bad-news view on Wall Street, the Dow fell on Friday out of fear that the “strong” jobs report would impel the Federal Reserve to put off interest-rate cuts further into the future. Clearly, the memo went out from the administration’s supporters that this jobs reports was to be reported as nothing but good news. The Biden White House, for example, released a statement claiming the employment
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