Category Archive: 6b.) Mises.org

Filter archive by: Show All Show only Articles Show only Videos

Powell: More Easy Money Is Coming Soon

2024-08-23

by

2024-08-23

Fed Chairman Jerome Powell held a press conference at the annual Jackson Hole economic conference today, and he all but said that a September cut to the federal funds rate is a done deal: “The time has come for policy to adjust. The direction of travel is clear.”Naturally he threw in the usual propaganda phrases about how the Fed is data driven. He continues: “the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and...

Read More »

Powell: More Easy Money Is Coming Soon

2024-08-23

by

2024-08-23

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...

Read More »

Adam Smith, the American Home, and the Religion of Progress

2024-08-23

by

2024-08-23

“Having to manage a complex home produces a deadweight loss to both society and the individual.” - John Tamny and Jack Ryan (2024)A man’s home is his castle, says the old adage, but John Tamny and Jack Ryan thumb their nose at the sacred “American Dream” of home ownership in their new book Bringing Adam Smith into the American Home.

Read More »

Be Prepared to Hear More about Taxes, Taxes, Taxes

2024-08-23

by

2024-08-23

No American politician running for office wants to talk about taxes—unless, of course, it’s to promise a tax cut. No Misesian views taxes with anything but suspicion, and Mises himself held some principled views on taxes: Taxes are necessary.

Read More »

The Problem with Trump’s Agenda 47 for Homeschoolers

2024-08-22

by

2024-08-22

Homeschooling has never been an experiment. Parents teaching their children the individual and unique things which they believe they should know has not only been the way of life before the public school experiment, but is the most libertarian way to address the total governmental failure and inefficient model of so-called education.

Read More »

Milei’s Monetary Conundrum

2024-08-22

by

2024-08-22

The monetary route in Argentina appears to be entering a new phase, and some form of currency competition was implied in the July 2024 statements of Minister of Economy Luis Caputo. The route is akin to a regime where transactions are legal in multiple currencies, but only the peso holds legal tender status.

Read More »

The Feds’ Runaway Deficits Are Here to Stay

2024-08-22

by

2024-08-22

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...

Read More »

The High Cost of Kamala’s Price Controls

2024-08-22

by

2024-08-22

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 order.

Read More »

The Perpetual Struggle of Libertarian Candidates: Why They Face an Uphill Battle

2024-08-22

by

2024-08-22

The Libertarian Party was assembled in 1971 and has proven throughout its history to be a resoundingly-unsuccessful third-party venture in American politics. While libertarians are outspoken in their advocacy for individual liberties, limited government, and free markets, their presidential candidates have proven largely unsuccessful throughout history.

Read More »

The Feds’ Runaway Deficits Are Here to Stay

2024-08-22

by

2024-08-22

Watch the video version of this article on X/Twitter. The latest monthly report on taxes and spending from the Treasury Department shows that in July, the federal deficit was $244 billion, or nearly one quarter of a trillion dollars.In spite of the fact that the US government managed to collect $330 billion in taxes in July, they also managed to spend $574 billion.

Read More »

The New Minimum Wage Increase in Nigeria is a Pyrrhic Victory for Organized Labor

2024-08-22

by

2024-08-22

While organized labor across Nigeria is currently jubilant over their recent win in obtaining a minimum wage increase by fiat, every student of praxeology in Nigeria receives this news with mixed feelings and the utmost reservation, because we are cognizant of the outcomes which inevitably follow from such interventions in the free market.

Read More »

Greedflation and Debtflation are Nonsense

2024-08-21

by

2024-08-21

Popular discussions of inflation and the economy have produced more heat than light, if not heat and darkness. President Biden has made multiple remarks on his record, which taken singly are each incorrect. Taken together, Biden’s remarks on Bidenomics are incoherent.Biden claims that his main fiscal stimulus policy, the American Recovery Plan delivered record reductions in unemployment without causing inflation. Biden has insisted that corporate...

Read More »

John Kenneth Galbraith’s The Great Crash, 1929: A Retrospective

2024-08-21

by

2024-08-21

The New Deal has been a key driver behind how the Democratic Party justified its hold on political power in the United States. The precursor to the New Deal was the Great Depression, which, in the minds of many Americans, was triggered by the stock market crash in late 1929.However, is the Democratic memory of the crash and Depression thereafter accurate? Did those events justify the policies Democrats pursued through the New Deal? One way to...

Read More »

The Only Type of Democracy that Actually Works

2024-08-21

by

2024-08-21

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...

Read More »

Federal Jobs Report Slices Total Jobs in New Revision

2024-08-21

by

2024-08-21

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...

Read More »

Federal Jobs Report Slices Total Jobs in New Revision

2024-08-21

by

2024-08-21

The Bureau of Labor Statistics (BLS) today issued a major downward revision in total employment, telling us what more savvy observers of the federal jobs data already knew. Namely, that the employment situation isn’t nearly as strong as the federal establishment survey says it is.The establishment survey is the employment survey that looks at total jobs—whether full time or part time—and not at total employed people. So, that’s the report that’s...

Read More »

Back to the Future With Price Controls

2024-08-21

by

2024-08-21

Democrat presidential candidate Kamala Harris is demonstrating why monetary debasement has always been a favorite way for government officials to plunder the citizenry. Rather than focusing on the Federal Reserve as the root cause of prices rising across society, she’s blaming rising food prices on grocery-store owners. Consequently, she says that if she is elected president, she’ll get a federal “anti-gouging” law enacted that prevents grocery...

Read More »

Kamala Harris Is Not a Radical Communist, but That Makes Her Even More Dangerous

2024-08-21

by

2024-08-21

Lately, Donald Trump and his team have taken to labeling their opponent, Vice President Kamala Harris, as a far-left socialist—even a full-on communist. The strategy comes after an uncharacteristic lull in messaging from the former president and his team as they worked out how to prudently attack the vice president.It’s the job of a presidential campaign to make people terrified about what’s in store for the country if the other side were to win....

Read More »

Why We Need Revisionist History

2024-08-20

by

2024-08-20

The term “revisionism” came into use after World War I, when historians like Harry Elmer Barnes, Sidney Bradshaw Fay, and Charles Austin Beard challenged Article 231 of the Treaty of Versailles, which assigned exclusive guilt to Germany and its Kaiser for the outbreak of the world war, with all its appalling destruction and massacres, It was on the basis of that clause that the Treaty imposed on Germany a Carthaginian peace, memorably condemned by...

Read More »

Krugman: Harris Hasn’t Proposed Price Controls and It’s Good That She Did

2024-08-20

by

2024-08-20

In Paul Krugman’s latest column, he claims that Kamala Harris hasn’t advocated for price controls, only a ban on price gouging on groceries. Of course, these are the same thing. Krugman’s own principles text defines price controls as “legal restrictions on how high or low a market price may go.” A ban on price gouging is a legal restriction on how high a market price may go. Therefore, even Krugman-the-textbook-author admits that a ban on price...

Read More »