A central debate in the philosophy of science concerns the purpose of scientific theories: should they aim to represent the world as accurately as possible or is it sufficient for them to produce useful predictions? Milton Friedman’s influential essay The Methodology of Positive Economics argues for the latter, suggesting that the primary goal of a theory is to generate accurate predictions, regardless of whether its assumptions reflect reality....
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Category Archive: 6b.) Mises.org
Will Foreign Policy Really Be Different Under Trump?
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 Myth of the “Aguinaldo”
In Costa Rica, and in most Latin American countries (Brazil, Argentina, Mexico, Colombia, etc.) the aguinaldo—a legally-mandated Christmas bonus—is an acquired labor right and is meant to provide workers with additional financial security. Unlike discretionary year-end bonuses in the United States, this one is an obligatory payment enforced by Costa Rican labor law.Employers are required to pay an amount equivalent to one month’s salary at the end...
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President Biden Gives the Green Light to an Act of War against Russia
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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President Biden Gives the Green Light to an Act of War against Russia
On Sunday, news broke that President Joe Biden has authorized Ukraine to use long-range American missiles to strike deeper into Russian territory. After the US gave Ukraine the greenlight to strike targets on the Russian side of the border earlier this year, the Ukrainian government and its biggest cheerleaders in Washington have been pressuring the president to support longer-range strikes—especially after Ukraine launched its invasion of Russia’s...
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Will Gavin Newsom Become the New “Teflon” Politician?
When reality hit the Democratic Party and its ruling-class allies the day after the election, one Democrat must have been relieved: California governor Gavin Newsom. The Kamala Harris loss not only ends her political career—at least at the presidential level—but also clears the way for Newsom to pursue the White House himself.A Harris victory would have delayed Newsom’s quest for eight years, but now he can start laying the groundwork now for a run...
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Trump’s Immigration Plans: The Good and the Bad
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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If Trump Didn’t Send Musk to Talk with the Iranians…He Should!
One of the most encouraging and promising things President-elect Trump said in his post-election acceptance speech was, “I’m not going to start a war. I’m going to stop wars…” We all understand that campaign promises often have a short shelf life after the election is over, but the Trump campaign’s repeated talk of peace over war at least demonstrates that he finds it a winning point to make to American voters.Will that talk of peace turn into...
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The French State Plans to Force You to Drive an EV
In a recent statement, French Minister of Energy Olga Givernet expressed her frustration, declaring, “I am ready to take strong action on compulsory measures,” signaling the government’s intent to impose stricter regulations on companies for not transitioning to greener vehicle fleets quickly enough. This push for adopting electric vehicles (EVs) is part of a larger agenda to reduce carbon emissions and promote sustainability in France and Europe....
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A Free-Market Guide to Trump’s Immigration Crackdown
President-elect Donald Trump based much of his campaign on promises to crack down on immigration and carry out mass deportations. Politically, this was likely a winning issue for Trump after social media exposed millions of Americans to countless reports and videos of foreign nationals getting free cash, free housing, food allowances, and overall special treatment at taxpayer expense.
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Post-Election Prospects for Ending DEI
In considering the outcome of the recent elections in the United States, the question arises as to whether we can now expect to see the end of diversity, equity, and inclusion schemes which were beloved of the Biden administration.
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The Menace of Tariffs
Donald Trump is a strong believer in protective tariffs, and this is very bad news for those of us who support the free market. In Trump’s opinion, tariffs are a great idea. Here is what he said about them in an interview last month: “Trump has proposed a 10 percent across-the-board tariff on all imports and 60 percent on goods from China. During Tuesday’s remarks, he singled out imported cars for higher trade duties, saying he would slap a100, 200...
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Kamala Harris’s Price-Fixing Scheme Would Lead to Food Shortages
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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Ten Lessons on US Foreign Policy from Enough Already
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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If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It
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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Nagel on Libertarianism and Other Things
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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Answering the Confused Critics of Austrian Economics
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 Birth of “Irrational Exuberance”
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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Why People Pay Higher Prices for Some Goods Relative to Others
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 US Just Escalated its Proxy War with Russia. Rothbard Explains Why that’s a Problem.
This week, the people who run the Biden administration escalated tensions between Russia and the US by giving the Ukrainian regime authorization to use American-made (and presumably American-funded) ATACMS ballistic missiles against targets inside Russia itself.This significantly raises the stakes of the US-Russia conflict because it put the US in the position of directly funding and encouraging attacks on Russian territory.In response, Kremlin...
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On Swiss National Bank
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SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
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Gold finds some support at $2,660, with upside attempts limited
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USD/CHF aims to revisit 0.8950 as SNB to cut rates further
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US Dollar tries to keep gains for a fourth straight day despite flat CPI
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Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
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