Category Archive: 6b.) Mises.org

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Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who

2024-02-29

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2024-02-29

The sight of fresh snow is always invigorating to me, so I was happy to wake up the other day to a blanket of snow—roughly three inches—on my yard. I was less happy, though, to see the same blanket still covering the street in my neighborhood.

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Current PCE Inflation: 4.1%

2024-02-29

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2024-02-29

The Bureau of Economic Analysis released January figures for Personal Consumption Expenditures (PCE) today, including the price index based on that data.News headlines report the year-over-year percent change in the PCE price index: 2.4%.

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For Socialists, It Doesn’t Matter if Socialism “Works.” What Matters Is Power.

2024-02-29

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2024-02-29

A recent rash of libertarian-leaning right-wing podcasters’ rehashing of a shopworn takedown of socialism has bothered me to the point of launching into this essay. It goes something like “Why is this still a thing? When are they going to realize that IT DOESN’T WORK, and drop it?”

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The Myth of Democratic Socialism

2024-02-29

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2024-02-29

Originally published September 1977 in Libertarian Review.In any debate between a socialist and a free-market capitalist, all too often the socialist quickly puts the free-market advocate on the defensive, and the entire time is consumed by the free-market person fending off attacks on the ability of the market to prevent inequality, or business cycles, or even the ravages of affluence and "materialism."

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The Regime’s Despicable Attack on Julian Assange

2024-02-29

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2024-02-29

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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Want Less Immigration? Embrace Free Trade

2024-02-29

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2024-02-29

The generous and bloated American welfare state has become an enormous magnet to both legal and illegal immigrants in the United States. This $290 billion annual magnet subsidizes migration and ensures that the total number of migrants into the US is larger than would be the case without the subsidy.

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The Student Debt Crisis Is a Racket

2024-02-28

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2024-02-28

Ahead of a contentious election this fall, President Joe Biden is frantically working to transfer more tax dollars to college-educated voters. Last week, the White House announced another $1.2 billion in student loan forgiveness, bringing the president’s total in canceled debt to $138 billion.

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The Pentagon Wants More Socialism

2024-02-28

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2024-02-28

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 Supreme Court to Decide if New York Regulators Can Arbitrarily Target the NRA

2024-02-28

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2024-02-28

In mid-March, the Supreme Court is going to hear oral arguments in a case called National Rifle Association v. Vullo. This case has received relatively little media attention, but according to SCOTUSblog, it centers around whether the “First Amendment allows a government regulator to threaten regulated entities with adverse regulatory actions if they do business with a controversial speaker, as a consequence of (a) the government’s own hostility to...

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GDP Growth Is Inflated by Massive Deficit Spending

2024-02-28

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2024-02-28

Over the past year, economist Daniel Lacalle has repeatedly warned that the United States is in the midst of a "private sector recession" and that official GDP measures are being propped up by government spending. The latest GDP numbers from the federal government strongly suggest he is right. Today, the federal government's Bureau of Economic Analysis released its revised estimate for GDP growth in the fourth quarter of 2023. According...

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The Heroic Julian Assange

2024-02-27

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2024-02-27

Julian Assange may soon be extradited to the United States, where he will face prosecution that could end in his imprisonment for life. He is in fact a hero, who should be honored rather than punished. American foreign policy is based on the pursuit of global hegemony and to achieve this goal, our “leaders” engage in torture and murder. Assange brought these crimes to public attention through his publication of the “WikiLeaks” documents he got from...

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How State-Funding of Activist Groups Makes Britain Less Safe

2024-02-27

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2024-02-27

Recently in the United Kingdom, an asylum claimant named Abdul Ezedi threw a corrosive substance over a woman, leaving her with life-changing injuries. Ezedi, who had arrived illegally in the back of a lorry in 2016, had been denied asylum twice. In 2018, he was given only a suspended sentence after being convicted of sexual assault. Finally, in 2020 he was granted asylum to protect him from prosecution after he claimed to have converted to...

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After Two Years, Neocons Desperate For More War in Ukraine

2024-02-27

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2024-02-27

In a recent CNN interview, the normally very confident US Under Secretary of State Victoria Nuland sounded a little desperate. She was trying to make the case for Congress to pass another $61 billion dollars for the neocons’ proxy war project in Ukraine and she was throwing out the old slogans that the neocons use when they want funding for their latest war.Asked by CNN whether she believes that Congress will eventually pass the bill, Nuland...

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How the Fed Caused America’s Great Depression

2024-02-27

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2024-02-27

[This review of Rothbard America's Great Depression was originally published by the Foundation for Economic Education.]It may not be conventional to review the fifth edition of a book that appears several years after its author’s passing. But America’s Great Depression is not a conventional book. It is written with verve and aplomb. And its rendition of the Austrian theory of the business cycle, critique of alternative theories, and detailed...

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The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking

2024-02-27

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2024-02-27

War has generally had grave and fateful consequences for the American monetary and financial system.—Murray N. Rothbard, A History of Money and Banking in the United StatesGovernments have three ways to tax: direct taxes (the requirement to pay money to the government), debt (present government spending without tax revenue to pay for it with the assumption that it will be paid for in the future), and inflation (“printing money,” or the artificial...

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Real Wages Turn Negative Again as Price Inflation Refuses To Go Away

2024-02-27

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2024-02-27

According to the Bureau of Labor Statistics' latest price inflation data, CPI inflation in January accelerated, and price inflation hasn't proven nearly as transitory as the regime's economists have long predicted. According to the BLS, Consumer Price Index (CPI) inflation rose 3.1 percent year over year during January, after seasonal adjustment. That’s the thirty-fifth month in a row of inflation well above the Fed’s arbitrary 2 percent inflation...

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Who Hijacked Our Free Will?

2024-02-26

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2024-02-26

Imagine someone giving a State of the World address that begins with a reminder that people possess free will and ought to be doing a better job of exercising it. This could possibly raise doubts about the speaker’s mental stability—at least until the talk went into the dark details of civilization’s condition.If the state of the world reflects the choices people make, and if those choices are autonomous, originating from within the minds of...

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Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?

2024-02-26

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2024-02-26

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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After Trump, Then What?

2024-02-26

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2024-02-26

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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In the Aftermath of the $355 Million Ruling Against Trump, Business Owners Are Even Less Safe than Before

2024-02-26

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2024-02-26

Willing buyer and willing seller. These five words form the very basis from which the system of capitalism is based on. You have something you want to sell and if I want to buy it then we either agree or disagree on a price. If we agree then I give you money, take the product, and walk away. And if we disagree then we move on with our days. In his book, Basic Economics, Samford Professor Thomas Sowell described the role of prices in the economy as...

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