The word “austerity” is defined as sternness or severity of manner or attitude; extreme plainness and simplicity of style or appearance; conditions characterized by severity, sternness, or asceticism; or a way of life that limits luxuries. Austerity is also defined as a set of policies that reduce government spending and increase taxes. These policies can include “austerity measures,” often used during economic crises, including cutting government...
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Category Archive: 6b.) Mises.org
The Far-Left’s Violent Attacks on Tesla are Revealing
In recent weeks, there has been a sharp increase in violent attacks aimed at destroying cars and other property carrying the logo of Elon Musk’s electric car company, Tesla. In Colorado, a woman was charged with using Molotov cocktails to set multiple cars at a Tesla dealership on fire before painting the word Nazi on a store sign. In Oregon, one man fired a rifle into one Tesla dealership while someone else fired shots and threw explosives into...
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The Far-Left’s Violent Attacks on Tesla are Revealing
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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Fourteenth Amendment DEI Lawfare
The politics of the Fourteenth Amendment recently returned to global attention when Colorado attempted to remove President Donald Trump’s name from their presidential election ballot, an attempt that was thwarted by the United States Supreme Court ruling that “Colorado cannot enforce section 3” of the Fourteenth Amendment as states lack power to do so. The jubilation with which the Supreme Court intervention was greeted overshadowed any concerns...
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How Executive Power Can Dismantle the Deep State
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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Cuts to Foreign Aid Are a Good Start
On January 20th, the Trump administration indicated it would pause foreign aid to most countries for 90 days. Newly-confirmed Secretary of State, “Little” Marco Rubio, confirmed this and paused “all new obligations of funding, pending a review, for (U.S.) foreign assistance programs funded by or through the Department and USAID.”He also recently floated closing USAID permanently and merging it with the State Department. It is right to credit the...
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Ralph Raico’s Master Class on the History of Political Thought
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Kennedy Assassination Mysteries
Why should we care today about the assassination of President John F. Kennedy on November 22, 1963? That fateful day in Dallas is, after all, a long time ago: those of us, like me, who can remember the day are at least in their sixties. The short answer is that it reveals something essential for us to know about the American government and the Deep State that runs it.Kennedy had become deeply suspicious of the CIA and other American intelligence...
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Oops, Trump Just Bankrolled the Protesters He Intended to Silence
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The New Higher Education “Arms Race”
Forty years ago, collegiate institutions competed to attract the last big surge of baby-boomer 18-year-olds, offering campus amenities—fancy dormitories, swanky recreation centers with climbing walls, upgraded athletic facilities, palatial dining halls—that were, at the time, derisively described as an “arms race” among schools.I once asked the then-president of my own alma mater—an east coast liberal arts college—how the school justified spending...
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Thomas Aquinas and the Subjective Theory of Value
Thomas Aquinas is, without doubt, the greatest Roman Catholic philosopher and theologian when it comes to the depth of his thought and the degree of his influence. Although this is the case, it might seem strange at first to see him mentioned in relation to the history of the subjective theory of value. It was Rothbard nonetheless who first pointed out that the direct ancestor of the Austrian School is the Salamanca School, a Roman Catholic school...
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Dismantling the Department of Education?
President Trump’s proposal to dismantle the Department of Education is one step closer to an open, market-based system of education. The ultimate goal is a free-market system of education in which parents, teachers, and students are able to make their own choices about education, rather than being dictated by federal mandates.One of the most persuasive arguments against the Department of Education is that it holds on to a one-size-fits-all...
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We Can’t Fix International Organizations like the WTO. Abolish Them.
In a recent Springer publication, Marcos Falcone proposed “Bringing the Austrian School into the 21st century” by embracing existing international institutions as a means of maximizing global liberty. Acknowledging that they are often justly criticized for being bureaucratic and ineffective, Falcone argues that they have historically contributed to economic growth and democratization and that all that is needed are two key reforms to strengthen...
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Richard Murphy, The Bank of England, And MMT Confusion
Professor Richard Murphy is a public supporter of Keynesian fallacies and MMT. He recently provided a glimpse into this increasingly popular perspective by alleging that the Bank of England is deliberately crashing the economy by reducing its Asset Purchase Facility (APF).The latest budget increased government spending, borrowing, and taxes. But as MMT advocates seek to unburden governments from borrowing and think that taxes should be used as a...
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Free Markets Promote Peaceful Cooperation and Racial Harmony
In Human Action, Ludwig von Mises highlights the importance of human cooperation as a prerequisite for the division of labor and free exchange. Without this, humanity remains mired in poverty:The “state of nature” that the reformers and utopians depicted as paradisiac was in fact a state of extreme poverty and distress. “Poverty,” says Bentham, “is not the work of the laws, it is the primitive condition of the human race.” Even those at the base of...
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The Precarious State of the American Economy
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 Price Deflation Doesn’t Hinder Investment
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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Trump is Wrong on Trade
Trumps claims that America has lost high paying manufacturing jobs to China because the communist country promotes its exports through subsidies, tax advantages and currency manipulations. The reality is that we should not care what China does. The more China subsidizes its industries, the more its trading partners gain in the abundance of cheap goods and services and, contrary to what Trump believes, in the creation of high-paying jobs. In an...
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Trump’s False Tariff “Fairness” Argument
President Trump’s argument for starting an international trade war is based on a socialistic-sounding plea for “fairness” and equality. Some foreign governments plunder their citizens with high tariff taxes on American imports, thereby forcing them to pay higher prices for those or competing domestic goods. The reason they are called “protective” tariffs is that they “protect” consumers from lower prices. When your foreign competitor is forced to...
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The Abominable Tariff
[The Tariff Superstition: Why Protectionism Always Fails and Who Really Pays the Price by Marcel Kadosa. Translated by Bálint Téborski. Eger, Hungary, 2025. 159 pp.]Hungary in the years after World War I isn’t generally associated with a movement that supported the free market, but Bálint Téborski—whom we have to thank for The Tariff Superstition—tells us that,…this little gem of a book long forgotten for countless decades until we managed to...
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On Swiss National Bank
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SNB Sight Deposits: increased by 5.2 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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