Category Archive: 6b.) Mises.org

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Should Central Banks Accommodate Increases in Demand for Money?

2024-12-23

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2024-12-23

Could an increase in the demand for money counteract the effect of an increase in the money supply? For example, if there were an increase in the supply of apples by ten and, simultaneously, an increase in the demand for ten apples, this would be completely absorbed. In other words, after individuals have satisfied their demand for ten apples, zero apples would be left.Following this logic, it would appear that the increase in the supply of money...

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Is the Fed Loosening or Tightening? It’s Complicated.

2024-12-22

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2024-12-22

Since September, Jerome Powell’s Federal Reserve System has been cutting rates as if a financial crisis were looming. Just as in 2006, Powell raised the federal funds rate to 5.25 percent in the summer of 2023 and left it there until September of the following year. This past September, he cut rates by 50 percent in September and by 25 more basis points at the following Fed meeting just as Fed Chairman Ben Bernanke did starting in September 2007....

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Is the Fed Loosening or Tightening and What Will It Do Next?

2024-12-22

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2024-12-22

Since September, Jerome Powell’s Federal Reserve System has been cutting rates as if a financial crisis were looming. Just as in 2006, Powell raised the federal funds rate to 5.25 percent in the summer of 2023 and left it there until September of the following year. This past September, he cut rates by 50 percent in September and by 25 more basis points at the following Fed meeting just as Fed Chairman Ben Bernanke did starting in September 2007....

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A Message from Tom DiLorenzo

2024-12-22

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2024-12-22

No ideas are more powerful to the cause of freedom than the truth about economics, which is at the heart of the Misesian and Rothbardian traditions. Our mission for the past forty-two years has been to spread these truths as far and wide as possible. We would be much farther down the road to serfdom without the Mises Institute.For several decades, I have considered the Mises Institute my Mecca. Every year, I made a pilgrimage to Auburn to spend a...

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The French Revolution

2024-12-21

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2024-12-21

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 Poor Man of Nippur and Austrian Economic Principles

2024-12-20

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2024-12-20

Principles of market economics, particularly those emphasized in Austrian economic thought, are not confined to modern systems but persist across epochs. Ancient narratives, such as Mesopotamian epics, reflect profound insights into human decision-making, resource allocation, and the dynamics of power and exchange. I have become fascinated by deciphering the economic principles embedded within and underlying these ancient texts. One such story, The...

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Marxism and the Cultural Revolution

2024-12-20

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2024-12-20

It will not have escaped many people’s attention that one of the main strategies in America’s “reckoning on race and Southern identity” involves depicting the Confederate battle flag as a symbol of racial oppression. Against this, Patrick J. Buchanan argued that:What the flag symbolizes for the millions who revere, cherish, or love it, however, is the heroism of those who fought and died under it….Vilification of that battle flag and the...

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The US Mint Mutilated Coin Program

2024-12-20

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2024-12-20

US coins in circulation get damaged and are eligible to be redeemed through the US Mint Mutilated Coin Redemption Program, begun in 1911. Individuals and businesses can exchange bent, damaged, or partial coins (also known as mutilated coins) for reimbursement when no longer acceptable as legal tender. The program’s purpose is to promote confidence in US coinage.The Mint suspended the program in 2015 to assess its security and develop additional...

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Ralph Raico: A Great Historian

2024-12-20

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2024-12-20

[The World at War by Ralph Raico. Transcribed and annotated by Edward W, Fuller. Ludwig von Mises Institute, 2024, 198pp.]We owe Edward W. Fuller—who is himself an outstanding historian—a debt of gratitude for his immense labor in giving us The World at War: a transcription of a three-hour speech delivered by Ralph Raico—the greatest twentieth-century historian of classical liberalism—at the Cato Institute Summer Seminar, June 1, 1983, which...

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Dr. Keith Smith: What Critics Miss About For-Profit Healthcare

2024-12-20

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2024-12-20

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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Rothbard’s Theory of International Relations and the State

2024-12-20

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2024-12-20

Murray Rothbard is well known as an opponent of warfare perpetrated by states. This includes acts of war by states against other states, as well as acts of war by states against non-state organizations and individuals. Consequently, Rothbard historical scholarship and his political commentary is characterized by consistent opposition to aggressive warfare and imperialism as practiced by states in general, and by the United States government in...

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How the Nanny Campus Will Fight to Keep Taxpayers Hostage

2024-12-20

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2024-12-20

The student loan crisis will end, “not with a bang but with a whimper.” After the presidential election, student debt will remain an embarrassing and thorny issue. Both parties have DNA at this crime scene. Neither party is in control. The prime mover in all of this is the “Nanny Campus” and a captured Education Department. Universities are the engine room of this education industrial-complex. Once accepted to university, FAFSA makes few...

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The State Cannot Give What Its Citizens Have Not Made

2024-12-20

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2024-12-20

Often the arguments in support of the state are grounded on the state’s ability to restrict “the bad” in society, or to defend from other states in a defensive war. While it is true that individuals harmful to the health and property of others are the main problem that a society faces, arguments for a centralized power to have any positive effect on this issue are slim at best.In defense of the area in control of a state, history has shown that...

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William Rawle and Secession

2024-12-19

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2024-12-19

The issue of secession has been present in American history since the Declaration of Independence—itself an act of secession followed by a war for independence! The debate continued, involving discussions of National versus Compact Theory, the nature of the Union, the true vision of the Founders, under what circumstances secession might be legitimate, how a territory could theoretically secede, etc. All these things were discussed before, during,...

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Is Russia a “Realist” Power?

2024-12-19

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2024-12-19

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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Without Assad, Syria Will Fall Apart

2024-12-19

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2024-12-19

As President Bashar al-Assad flees Syria, neocons and Zionists celebrate throughout the world, while those who will truly suffer—the people of Syria—will be left to clean up the mess of American and Israeli ambitions. Despite the accusations against Bashar al-Assad, those who have replaced him are much worse—the Hay’at Tahir al Sham. Formed in 2011, the CSIS claims this group is an al-Qaeda affiliate of Jabhat al-Nusra. In 2018, the State...

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Netanyahu’s Seizure of Syrian Land

2024-12-19

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2024-12-19

The recent seizure of Syrian land on the Golan Heights by Israel is an ominous example of expansionism at its worst, in complete violation of property rights, if not a total human rights violation as well. The claim of Benjamin Netanyahu that the Golan will “forever be an inseparable part” of Israel shows utter disregard for the sovereignty and territorial integrity of Syria. Netanyahu flippantly defied earlier treaties with Damascus using the...

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The Nation’s Reading Instruction Disaster

2024-12-19

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2024-12-19

I first came across the idea of fads within the education system upon reading Reginald Damerall’s book Education Smoking Gun. In it, Damerall details the total lack of scholarship in the education colleges, which leads to a vulnerability to faddishness in teaching. Teachers are led away from time tested teaching methods to methods that seem more exciting, more progressive, and less intellectual, in an effort to be more inclusive and make learning...

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A Dubious Victory in Syria

2024-12-19

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2024-12-19

Damascus has fallen. After thirteen years of brutal civil war, Bashar al-Assad—who once vowed to die in Syria—has fled to Moscow, leaving behind a nation in tatters. But Syria’s next chapter may be even darker than its last.As I wrote last year, the recent civil war in Syria, begun in 2011, was primarily a sectarian battle, always simmering but brought to a boil by the wider upheavals in the Arab world at the time and specific igniting events in...

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Austrian Economics Explains Why the WNBA Was So Hostile to Caitlin Clark

2024-12-18

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2024-12-18

The 2024-25 basketball season is underway with the National Basketball Association and college men’s and women’s ball nearly a month into the Road to March Madness. One season, however, finished nearly three months ago: the Women’s National Basketball Association.In the 28 seasons it has been in existence, the WNBA always has operated in the basketball off-season during the late spring, summer, and early fall months when the emphasis is on Major...

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