Category Archive: 6b.) Mises.org

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Memorial Day

2024-05-24

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2024-05-24

It’s that time of year again. The first military appreciation day of the year, otherwise known as Memorial Day, is coming up on Monday, May 27.On the Sunday before this day, many conservative, evangelical, and fundamentalist churches will have patriotic services where American flags are placed all over the church grounds and inside the building, the congregation recites the Pledge of Allegiance, hymns of worship to the state will be sung (including...

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The Consequences of California’s New Minimum Wage Law

2024-05-24

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2024-05-24

The law that establishes California’s minimum wage rate at twenty dollars per hour is purportedly aimed at uplifting the state’s working poor. The role of economics is to evaluate such claims through economic theory and empirical evidence. In mainstream economics, commonly taught in introductory college courses, the conventional analysis indicates that such laws may lead to heightened unemployment only if the new minimum wage exceeds the market...

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Doctor Copper Is Sending Signals Our Way

2024-05-23

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2024-05-23

The price of copper has hit an all-time high. This represents a signal about the world economy. The euphemism on Wall Street for the implications of the price of copper is called Doctor Copper.If the price of copper is moving higher, then Doctor Copper is diagnosing economic growth, or possibly an artificial economic boom. If the price of copper is moving lower, then Doctor Copper will diagnose an economic contraction, or economic bust, or even an...

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The Intellectual Poverty of Racial Polylogism

2024-05-23

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2024-05-23

In this age of the “decolonized curriculum,” universities have set out to decolonize the humanities, social sciences, and natural sciences. By “decolonize,” they simply mean that all fields of knowledge should reflect all cultures and not just what they see as “Western” science. Epistemology, too, has been decolonized.In a field known as the “philosophy of race and racism,” it is argued that philosophy itself—how human beings reason and understand...

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They Want to Scare You with Myths of “Unhampered Capitalism”

2024-05-23

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2024-05-23

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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Man, Economy, and Financial Markets

2024-05-23

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2024-05-23

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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Lending without Saving Brings Recession and Poverty

2024-05-23

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2024-05-23

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 Case for Abolishing Regulatory Agencies

2024-05-23

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2024-05-23

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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No, Mises Was not Wrong about the Middle of the Road

2024-05-23

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2024-05-23

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 Importance of Land as a Tool for Savings for Lithuanians

2024-05-23

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2024-05-23

Ensuring private property rights was essential for the development of the capitalist economy in the Western world. To any of the libertarians such rights are sacred, however, not to governments. Governments consistently attempted to seize property by enforcing taxes and regulations preventing full order of such. This century is not without exceptions. The Lithuanian state is attempting to control the Lithuanian real estate market by imposing a...

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Defining Ordered Individualism

2024-05-23

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2024-05-23

The fundamental social phenomenon is the division of labor and its counterpart human cooperation.- Ludwig Von Mises, Human Action, p. 151People in the mainstream think of economics as a way for others to feed their greed. Either that or their eyes glaze over when libertarians start to talk about things like capitalism, private property rights, the money supply, or interest rates. However, at the foundation of all these things is something everyone...

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The Problem with Public Schools

2024-05-23

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2024-05-23

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 True Cost of Modern Industrial Warfare

2024-05-22

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2024-05-22

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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Higher Education Too Often Values Second-Rate Economics Research over Teaching

2024-05-22

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2024-05-22

People act according to incentives, and university professors are no exception. Professors receive tenure and promotion based largely on the number and quality of papers they have published in their area of expertise. The number of papers published is a simple metric, but how should the quality of publishing be judged? Surely the quality of published research should be judged on the extent to which it benefits society. That is to say, quality...

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Excellent Talk from John Mearsheimer on the State of Israel v. the Palestinians

2024-05-20

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2024-05-20

Last week, John Mearsheimer presented an excellent summary on what is going on in Israel since the October 7 Hamas attack. Mearsheimer is one of the most insightful foreign policy scholars working today. Naturally, he is virtually ignored by the Washington establishment which is more concerned with obeying the foreign-policy blob and the Israel Lobby. Mearsheimer, of course, famously worked with Stephen Walt to author the important 2007 book The...

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No, Mises Was not Wrong about the Middle of the Road

2024-05-20

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2024-05-20

Ultimate Fighting Championship fighter Renato Moicano’s recent statement that patriots should read Ludwig von Mises has led the Institute of Economic Affairs to upload a nine-minute video addressing the most googled questions about Mises. It is largely accurate and does justice to some of Mises’s major contributions, and for these reasons it is to be lauded; however, the presenter, Kristian Niemitz, notes that Mises’s intransigence led to his...

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Government Schools: Power and History in Argentina

2024-05-20

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2024-05-20

When analyzing our present society, it is easy to overlook state intervention since its mandates vary in all shapes and sizes. However, in only a few instances is it so clear as it is in education. This is manifested prominently when people talk about it, every time trying to impose their own agenda on what should be taught and how. Education as a concept and practice is misunderstood in this regard. We shall look at its meaning, the consequences...

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Can We Secure Property Rights without the State?

2024-05-20

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2024-05-20

You think you’re the legitimate owner of your residence until you come back from vacation and find squatters have taken over. Call the police and have them removed? You might have to call a private service like Squatterhunters.com instead. Americans long ago lost property rights to their income, the purchasing power of their money, their savings, and their lives. Is there no way for people to protect what is legitimately theirs?Fortunately, both...

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Reading, Teaching, and Quoting Mises

2024-05-18

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2024-05-18

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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Human Action: Foundations for the Modern Austrian School

2024-05-18

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2024-05-18

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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