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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Employed Workers Dwindle and Full-Time Jobs Fall as the Fed Readies More Easy Money
2024-12-06
According to today’s report from the federal government’s Bureau of Labor Statistics, the US economy added 227,000 payroll jobs during November, according to the establishment survey. The unemployment rate rose slightly to 4.2 percent. This follows October’s jobs report which was the weakest since 2020. In October, private-sector employment fell month-over-month by 2,000 jobs.So, many media outlets described this latest report as a “rebound” or sorts from October’s weak numbers. Unfortunately, if we look beyond the headline establishment survey number, we don’t find much evidence of a rebound at all. According to the BLS’s other survey, the household survey, we find that the total number of employed workers fell for the second month in a row in November, and that full-time jobs have
The Many Roads to Liberty
2024-10-08
Most readers of my weekly column already favor a libertarian society, with either a strictly limited government or no government at all. They realize what a disaster the state has been. What are the philosophical foundations of this outlook? There are many possible answers, but in this column, I’m going to discuss three of the most important of these, the way Ludwig von Mises, Murray Rothbard, and Hans-Hermann Hoppe address this issue. I’m not going to take a stand on which is best but just set forward the different views and leave the choice to you.I’ll begin with Mises, as most readers will find this the easiest to understand. Suppose you want to do something, e.g., go for a drive in the country. Why do you want to do it? There are any number of possible answers to this. We can continue
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