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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What Does ChatGPT Know about Money?
2024-09-26
Given the contentious topic of money and its influence on the world, I decided to see what ChatGPT “knows” about it. I was surprised by the breadth of its responses, as well as its information on free market positions, especially those of the Austrian school.Though my prompts (queries) were exactly as I present them here, ChatGPT was so expansive I had to edit its results due to article length restrictions. For emphasis and to mark subject headings ChatGPT frequently used bold-face text. I italicized portions of its replies, which are indented, to stress points I thought were especially important, and I added links in a few cases to augment ChatGPT’s response.Let’s begin.Smith: Is it true that money arose from barter as a response to the problem of a double-coincidence of wants? And is it
The Comic Absurdity of a US Sovereign Wealth Fund
2024-09-25
In recent weeks, both candidate Donald Trump and President Biden—via his staff—have expressed support for the idea of a US sovereign wealth fund (“SWF”). An SWF is simply an investment fund run by a national government. Ostensibly, the goals of such a venture are twofold—to increase the wealth of America and its citizens, and to spur innovation in “critical” areas like infrastructure, technology, and medicine.An American SWF is bound to fail on at least these two counts, as the idea of investing funds stolen from Americans in order to increase their prosperity is incoherent, and the federal government is incapable of innovation or excellence in any productive matter.Structural IncompatibilityI was employed by an SWF in the Persian Gulf for several years, overseeing their hotel investment
Covid Czar Scandal Is Reminder of Boundless Idiocy and Hypocrisy of the Covid Regime
2024-09-24
Remember when government officials sanctioned orgies but insisted it was too risky to permit children to attend classes to learn how to read?During the pandemic, New York City Covid Czar Jay Varma championed endless government restrictions and lockdowns to keep people safe. But, at the same time, he attended sex parties and a dance party, indulgences that made a mockery of everything he preached to New Yorkers. His hypocrisy was exposed this week by undercover recordings made by conservative podcaster Steven Crowder. Varma declared on Thursday: “I take responsibility for not using the best judgment at the time.”That statement is a great consolation to everyone whose rights and liberties were nullified during the pandemic. In the undercover recordings, Varma bragged about brutalizing people
Past Tense—The Homeless Problem in Star Trek DS9
2024-09-23
The third Star Trek series—Deep Space 9—is set on a distant space station-city. The producers had to be creative with the scripts because they are not visiting “strange, new worlds” all the time. In season 3, episodes 11 and 12, titled “Past Tense” they dealt with—thirty years ago in the mid-1990s, mind you—with the US homeless problem of their distant past, set in our future of late August of the year 2024.
When chickens become a weapon of woke politics
2024-07-18
Girchi is a libertarian party from the country of Georgia and by electoral success, could be considered to be one of the most successful libertarian parties in the world. Girchi is famous for its internet presence and popularity all over social media. In the chaotic digital realm of Facebook, Girchi’s private group has long stood as a beacon of civilised discourse, having 25k members and still growing.In this group, we take great satisfaction in our ability to have thoughtful, civil conversations about a wide range of subjects and to promote an open exchange of ideas. However, our peaceful corner of the internet has recently been disrupted by an unexpected villain: a chicken.You read that correctly, but It’s not because we’ve suddenly taken a keen interest in poultry farming. Our private
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