Monthly Archive: November 2024
The Great Political Divide in America
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...
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Lessons from Reconstruction
In “The Terror of Reconstruction,” Lew Rockwell highlights the dangers of governments seeking to suppress their political opponents by an assault on citizens’ liberties. He draws upon the experience of the South under military dictatorship during the Reconstruction years as an example of what happens when governments embark on social revolution. One tactic described by Rockwell is denying the vote to those who supported their opponents:In the...
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Corporate Buybacks: A Wolf In Sheep’s Clothing
Corporate buybacks have become a hot topic, drawing criticism from regulators and policymakers. In recent years, Washington, D.C., has considered proposals to tax or limit them. Historically, buybacks were banned as a form of market manipulation, but in 1982, the SEC legalized open-market repurchases through Rule 10b-18. Although intended to offer companies flexibility in managing …
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PCE Price Index Is Back Into The Pre-Pandemic Range
It's too early for the Fed to claim the infamous "mission accomplished" for inflation. However, yesterday's PCE price index is now within the Fed's mission accomplished range. The PCE price gauge rose 0.2% monthly and 2.1% year over year. That yearly rate is down 0.2% from last month and 0.6% over the previous six months. …
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The Reality of Red-State Fascism
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...
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The Economics of Prepping
Prepping is a very small industry in the United States, with annual spending specifically on “prepping” less than what government will spend in the time it took me to prepare this episode of the podcast.The amount of spending is an interesting issue, so is the purpose and efficiency of prepping. However, the mainstream media demeans preppers as irrational and out of touch with reality. Note that, from a scientific point of view, however, prepping...
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The Indian Rope Trick
Social Justice and the Indian Rope Trickby Anthony de Jasay. Liberty Fund, 2014; 200 pp. The political theorist and economist Anthony de Jasay has given us a large number of interesting arguments in his book and in what follows I’d like to discuss a few of these.The Indian rope trick features an Indian fakir who throws a rope high into the air and then climbs up it, disappearing without visible means of support. De Jasay suggests that the demand...
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US Job Report may Offer Little Relief ahead of Next Week’s US Election and Meetings by Half of the G10 Central Banks
Overview: The first of what promises to be two tumultuous weeks is winding down. The US jobs data is the last big event. It is widely recognized that it will be skewed to the downside because of hurricanes and some mostly temporary factors. Anticipating the market’s reaction is also complicated by the weekend, and reports that Iran may strike back at Israel (through bases in Iraq?), and next Tuesday's US election, and five G10 central bank meetings...
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Corporate Buybacks: A Wolf In Sheep’s Clothing
Corporate buybacks have become a hot topic, drawing criticism from regulators and policymakers. In recent years, Washington, D.C., has considered proposals to tax or limit them. Historically, buybacks were banned as a form of market manipulation, but in 1982, the SEC legalized open-market repurchases through Rule 10b-18. Although intended to offer companies flexibility in managing capital, buybacks have evolved into tools often serving executive...
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Unpacking Mises: Fractional Reserve Banking and the Currency School
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...
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Switzerland wants more trade with China despite US-Chinese tensions
A staff member cleans the red carpet prior to the arrival of Chinese Premier and Swiss President, during an official visit in Kehrsatz, near Bern on January 15, 2024.
PETER KLAUNZER / POOL / AFP)
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“Victory Plan” or Deadly Delusion? Zelensky’s Perilous Five-Point Plan
It’s finally here: Ukrainian Volodymyr Zelensky’s “Victory Plan,” furtively touted for weeks as Zelensky sought, unsuccessfully, to peddle it to world leaders. Until now, all that Zelensky would say in public was that this clandestine plan paradoxically would not require negotiation with Putin, but also provides a way to strengthen Ukraine in order to “push Putin” to diplomatically end the war. Tone deaf in the extreme, several weeks ago Zelensky...
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