Category Archive: 6b.) Mises.org

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Bring Back Gold!

2024-04-02

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2024-04-02

In these days of rampant inflation, it’s imperative that we return to the gold standard—and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well.I spoke about the difference between the...

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Is Hungary a Model for the American Right?

2024-04-01

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2024-04-01

In recent years, my homeland, Hungary, a small country in central-eastern Europe, has captured the attention of the American public, particularly those on the political Right. Led by Prime Minister Viktor Orbán, Hungary’s government has championed a somewhat “Pat Buchanan” style of conservatism, with a strong emphasis on putting the interests of Hungarian families first and resisting supranational political powers, such as the federalist...

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Wisconsin Formally Ends Sales Taxes on Gold and Silver

2024-04-01

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2024-04-01

Responding to an overwhelming groundswell of grassroots pressure, Gov. Tony Evers today signed a bill into law that secures Wisconsin’s place as the 44th state in America to end sales taxes on the purchase of precious metals.Assembly Bill 29 and Senate Bill 33, carried by Rep. Sortwell and Sen. Stroebel, respectively, enjoyed strong bipartisan support in both chambers of the Wisconsin legislature before it landed on Gov. Evers’ desk.Backed by...

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Caught in the Crossfire: The Dilemmas of India’s Right-Wing Movement

2024-04-01

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2024-04-01

Since the inception of the NDA Government in 2014, India's right-wing has consistently performed well across all sectors of society. Both print and electronic media have been significantly influenced by this ideology. The bureaucracy and academia have, to some extent, either shifted their political leanings or have begun to accept ideologies they previously rejected. This trend is not confined to India alone; it has also been observed in Europe and...

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Biden’s Latest Vote-Buying Scheme: Student Loan Cancellation

2024-04-01

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2024-04-01

Student loans and government “forgiveness” has been a hot topic among progressives since the Occupy Wall Street movement began. The movement consisted of educated but underemployed urban progressives upset with the obvious corporatist corruption that ensued after the Great Recession. The central theme was that Wall Street operated a series of blatantly corrupt and risky financial schemes that tanked the economy, but the instrumental and...

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The False Consensus on Egalitarianism

2024-04-01

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2024-04-01

The boundaries of contemporary public debate are artificially constrained by egalitarian values. Both progressive liberals and classical liberals are opposed to the more-outlandish versions of wokery, but many consider egalitarianism to be a good idea in principle as long as it is not taken “too far” by communist ideologues. The ongoing purge of diversity, equity, and inclusion (DEI) schemes at universities in Republican states has closed offices...

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Utah Formally Empowers State Treasurer to Protect State Funds with Gold and Silver

2024-04-01

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2024-04-01

Utah Governor Spencer Cox has signed legislation explicitly empowering the state treasurer to protect state funds with an allocation to physical gold and silver.Sponsored by Rep. Ken Ivory, House Bill 348 permits – but does not require – the Treasurer to hold up to 10 percent of certain state reserve accounts in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains...

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Population

2024-03-30

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2024-03-30

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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The Fraud Inherent in Fractional Reserve Banking

2024-03-30

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2024-03-30

Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet and was told he lent your car to teenagers who took it for a joyride while you were sleeping at the hotel. You would not be too happy and for good reason. When you surrendered your clothes or your car keys, it was a bailment. You retained...

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It’s Economic Logic: Increasing the Minimum Wage Creates More Unemployment

2024-03-30

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2024-03-30

Some economists believe that the increase in the minimum wage will boost unemployment, while other economists think otherwise. Hence, they believe that raising the minimum wage would raise the living standards of workers.For example, in a study conducted in the 1990s, economists David Card and Alan Krueger examined a minimum-wage rise in New Jersey by comparing fast-food restaurants there and in an adjacent part of Pennsylvania, finding no impact...

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Making the Case for Private Law and Defense From Scratch

2024-03-29

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2024-03-29

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Need More Public Parking? Privatize It!

2024-03-29

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2024-03-29

In its usual form, the case for privatizing public parking invokes the basic economic principles of supply and demand. This case is usually restricted to private parking lots and garages. For example, Walter Block discusses how market incentives can drive parking rates to rise to eliminate shortages here. A more radical proposal is the privatization of public parking altogether. A common form of public parking that libertarians can target for...

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Pandemic Whiskey Boom Turns to Hangover

2024-03-29

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2024-03-29

Yeah, the other night I laid sleeping And I woke from a terrible dream So I caught up my pal Jack Daniel's And his partner Jimmy Beam And we drank alone, yeah With nobody else Yeah, you know when I drink alone I prefer to be by myself ~George ThorogoodI poured hundreds of “Jack and Cokes” when I tended bar from the late 70’s to mid 80’s. It was beyond me how anyone could tell the difference between Jack Daniels Old No. 7 and anything else when...

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When Proxy Wars Come Home

2024-03-29

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2024-03-29

If we look long enough and hard enough, we might find an example of something in the US is not by the state, of the state and for the state.  But it’s becoming more difficult.We live, if we live in the US, within a reverberating echo chamber of the bits of US foreign policy we can observe and understand.  Those bits relate mainly to trade wars, monetary wars, and proxy wars.  Each of these overtly externally directed “wars” echo in American streets...

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It’s Time to End Squatter’s Rights

2024-03-29

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2024-03-29

Last month, New York City homeowner Adele Andaloro was arrested after changing the locks on a house that had been seized by squatters. According to The New York Post: "Andaloro was charged with unlawful eviction because she had changed the locks and hadn’t provided a new key to the residents. The residents, however, are squatters.Fortunately, Andaloro's arrest was filmed and went viral, reviving an ongoing debate over squatters...

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Guido Hülsmann’s Gratuitous Intellectual Donation

2024-03-29

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2024-03-29

Abundance, Generosity, and the State: An Inquiry into Economic Principlesby Jörg Guido HülsmannLudwig von Mises Institute, 2024; 452 pp.It is rare to encounter a book that has the potential to reshape the way we look at economics, but Guido Hülsmann has done exactly that in Abundance, Generosity, and the State. Hülsmann is one of the leading theorists of the Austrian School, but he has always looked at issues in an original way, and that quality is...

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Guido Hülsmann’s Gratuitous Intellectual Donation

2024-03-29

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2024-03-29

Abundance, Generosity, and the State: An Inquiry into Economic Principlesby Jörg Guido HülsmannLudwig von Mises Institute, 2024; 452 pp.It is rare to encounter a book that has the potential to reshape the way we look at economics, but Guido Hülsmann has done exactly that in Abundance, Generosity, and the State. Hülsmann is one of the leading theorists of the Austrian School, but he has always looked at issues in an original way, and that quality is...

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Price Inflation Comes from Government, not from “Excuseflation” or “Greedflation”

2024-03-29

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2024-03-29

Followers of the Austrian school of economics know that the term inflation refers to increasing the quantity of money or money substitutes. The result being a rise in the price of goods and services or a fall in the value of money. But, in the modern era, this rise in prices is called inflation and as Ludwig von Mises wrote, “This semantic innovation is by no means harmless.” The semantic change has people looking everywhere but where they should...

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No, the Brazilian Government Should Not Subsidize Carnival Festivities

2024-03-28

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2024-03-28

Approximately forty-nine million people joined Brazil’s carnival festivities this year, spanning five days from February 9 to 13. Originally Catholic, the holiday has evolved to have numerous parades, known as “blocos” in Portuguese. Like other major events such as the Super Bowl, there’s consistent pressure for public funding. The Brazilian government, known for its history of high public spending, regularly subsidizes carnival parties through...

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Foreign Aid and the Politicization of Economic Life

2024-03-28

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2024-03-28

The conservative government in the United Kingdom champions the view that giving more foreign aid to developing countries will fuel economic growth that, as a bonus, will help to resolve the ongoing migration crisis. The international development minister has explained the government’s reasoning, namely that “giving development aid to countries was morally ‘the right to do,’ but a core argument should also be that it prevented refugees and migrants...

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