Category Archive: 6b.) Mises.org

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Africa Doesn’t Need More Government Aid; It Needs Free Markets

2023-12-13

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2023-12-13

With a large regional market and youthful population, Africa should be on the cusp of greatness. Yet instead, it remains the poorest continent on earth. Analysts are conceding that Africa’s outlook is gloomy because the region is on track to miss poverty reduction goals. Successive African administrations have consulted multiple strategies to tackle the scourge of poverty with varying degrees of success; however, the plague of poverty has been...

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Remembering the Great Henry Hazlitt on His Birthday

2023-12-13

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2023-12-13

Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death. Original Article: Remembering the Great Henry Hazlitt on His Birthday

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The Immorality of COP28

2023-12-13

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2023-12-13

For the last two weeks, delegates from the world’s governments have met in the United Arab Emirates for COP28, the United Nation’s annual climate change conference. Over one hundred thousand attendees, ranging from heads of state to climate bureaucrats, corporate leaders, nongovernmental organization representatives, and activists, descended on the lavish Dubai venue to hash out new policies for governments to force on their citizens in the name of...

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Overcoming Chinese Communist GDP Myths

2023-12-12

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2023-12-12

While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures. Original Article: Overcoming Chinese Communist GDP Myths

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Can a Libertarian Find Hope in Prison? Maybe

2023-12-12

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2023-12-12

Contrary to popular assertions, Ancapistan is a real place and is conventionally referred to as prison. In all seriousness, I have been living in the US federal prison system for four years now, and in many ways, prison society actually is fairly anarchic. Considering these societies (plural because prison culture is heterogeneous across geography and across institutions’ security levels) seriously should dispel any notions of humanity that could...

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Bourne Again

2023-12-12

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2023-12-12

David Gordon reviews Only a Voice, by George Scialabba, dealing with the author's comments on antiwar progressives Randolph Bourne and Dwight Macdonald. Original Article: Bourne Again

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The Anatomy of the Statist

2023-12-12

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2023-12-12

The statist is a complex creature, composed of many parts, some of which are more obvious than others. No two statists are exactly the same, but many of them share a set of common elements. Studying these elements can shed light on why the statist is so wedded to their statism, and it can also shed light on what can be done to transform them into a civilized human being. The following list of elements is by no means accurate or complete. This is,...

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Napoleon: Europe’s First Egalitarian Despot

2023-12-11

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2023-12-11

For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power.  Original Article: Napoleon: Europe's First Egalitarian Despot

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How Did the U.S. Government Become So Big?

2023-12-11

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2023-12-11

How big is the federal government? Two measures are the number of civilian employees (nearly two million) and the number of agencies (now exceeding 440). These numbers barely hint at their massive meddling into business activities and the personal lives of Americans. While government was relatively small and less intrusive during its first hundred years, the Constitution held defects. In part, they resulted from the unavoidable compromises of...

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Today Is the Best Day of the Year to Rob a Bank

2023-12-11

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2023-12-11

Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies. Original Article: Today Is the Best Day of the Year to Rob a Bank

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Apartment Investment Syndication: A Predictably Unraveling Scheme, Thanks to the Fed

2023-12-11

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2023-12-11

The apartment investment industry has experienced severe malinvestment over the last several years, resulting in a massive bubble that has only recently begun to deflate with rising interest rates. A tidal wave of easy money—enabled by the Federal Reserve and four consecutive United States administrations, from George W. Bush to Joe Biden—drastically lowered the barriers to entry. As a result, even those with no investment acumen have raised and...

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The United States Needs Its Own Javier Milei

2023-12-10

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2023-12-10

While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening. Original Article: The United States Needs Its Own Javier Milei

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What Would Happen If the US Stopped Supporting Ukraine?

2023-12-09

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2023-12-09

The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace. Original Article: What Would Happen If the US Stopped Supporting Ukraine?

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Are Businesses Entitled to a Fair Profit?

2023-12-09

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2023-12-09

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.” Original Article: Are Businesses Entitled to a Fair Profit?

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The Oregon Problem

2023-12-09

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2023-12-09

The Wall Street Journal reported last month that the ballot initiative to decriminalize all drugs in the state of Oregon is failing, and that efforts are underway to recriminalize hard drugs. Mark points out that decriminalizing drug possession does nothing to improve black market production of drugs, which makes drugs much more dangerous to consume. More importantly, it is Oregon's socialist ideology that coddles homelessness and open hard drug...

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The Mixed Economy Model Still Disrupts Private Markets

2023-12-09

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2023-12-09

Market processes rely on prices, which are not established by a government decree or by the randomness of the human mind but are instead determined by supply and demand. The consumer’s wants and needs are signaled through prices, which are in turn satisfied by the producers, who want to make a profit. Despite the success of this process, many still believe that government intervention is necessary to help the poor and to provide services that may...

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COP28: Scandal on Top of Fabrication

2023-12-09

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2023-12-09

Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP28) being held in Dubai, United Arab Emirates (UAE), is presided over by its president, Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE Special Envoy for Climate Change. Al Jaber is...

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The Myth of the Failure of Capitalism

2023-12-09

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2023-12-09

[This essay was originally published as "Die Legende von Versagen des Kapitalismus" in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1   The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind has no alternative, if it is to survive,...

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Krugman’s Bag of Tricks

2023-12-09

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2023-12-09

Ivory Tower economists continue to tell us that the US economy is booming, but consumers disagree. Paul Krugman has a new explanation for the economic gloom: Republicans. In a recent New York Times article, Krugman touts that partisanship and media bias drive a wedge between consumer sentiment and economic reality. But is this actually what’s going on? Dr. Jonathan Newman is back with Bob to break down Krugman's shifting economic predictions and to...

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The Path to True Freedom is Systematic Privatization

2023-12-08

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2023-12-08

Politics in all its variants, particularly the politics of political parties, is the archenemy of freedom, prosperity, and peace. Yet, wherever one looks, more government is invoked as the solution. Very rare are the voices that claim that a different way is possible. Few speak out in favor of anarchocapitalism and a libertarian social order. It is quite common nowadays to announce with confidence the verdict that anarchism, a society free of a...

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