Category Archive: 6b.) Mises.org

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Father Time versus Central Bankers

2022-12-30

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2022-12-30

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually. Original Article: "Father Time versus Central Bankers" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Latin America’s Descent into Interventionism Continues

2022-12-30

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2022-12-30

The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region GDP growth has been downgraded yet again to a modest 1.1% for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than other emerging markets, the outlook is exceedingly worrying. The poor growth and high inflation expectations are even worse...

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And So It Begins: Digital Currency Becomes Possible in our Future

2022-12-29

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2022-12-29

While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom. Original Article: "And So It Begins: Digital Currency Becomes Possible in our Future" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Case for Disbanding Public Health Agencies

2022-12-29

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2022-12-29

During March of 2020, Sweden’s state epidemiologist, Anders Tegnell, showed us how public health can be managed ethically by refusing to lockdown Sweden’s residents. The rest of the public health discipline, however, entered the territory in which we now place the universally castigated discipline of eugenics. Eugenics breaches ethics and causes enormous harm to the fabric of mankind. Likewise, lockdowns breach ethics and have terrorized or killed...

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The Mises Institute’s Goal Is a World Free of War and Politics. Will You Stand by Our Side?

2022-12-29

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2022-12-29

Dear Friend, In the midst of this busy Christmas season, I want to make sure you received our year-end letter from Lew Rockwell. If you already responded, thank you! But if not, will you take a minute today to make your most generous contribution and support the Mises Institute? We are all thankful to have the political season of 2022 over, but now the 2024 presidential election looms like a bad moon. The midterms solved nothing and brought no...

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Economic Growth Requires Savings, Not Money Pumping

2022-12-29

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2022-12-29

Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings. Original Article: "Economic Growth Requires Savings, Not Money Pumping" This Audio Mises Wire is generously sponsored by Christopher Condon.

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The Radio Rothbard (Mostly Negative) Predictions for 2023

2022-12-29

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2022-12-29

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look ahead to 2023 with a handful of predictions for the new year. They even manage to find one reason for optimism! Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.

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Behavioral Economics Challenges the Rationality of Consumer Choices

2022-12-29

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2022-12-29

A relatively new area of study in economics, behavioral economics, has started to gain popularity. The behavioral economics framework emerged because of dissatisfaction with the neoclassical theory regarding consumer choice. A major problem with the neoclassical theory is that human beings are presented as if hardwired with a scale of preferences. Regardless of circumstances, this scale is considered to remain the same at all times. Mainstream...

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A (True) Thanksgiving Tale of Socialism in America and Israel

2022-12-29

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2022-12-29

The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets. Original Article: "A (True) Thanksgiving Tale of Socialism in America and Israel" This Audio Mises Wire is generously sponsored by Christopher Condon.

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No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent

2022-12-28

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2022-12-28

Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent. Original Article: "No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent" This Audio Mises Wire is generously sponsored by Christopher Condon.

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Industrial Policy Did Not Bring Prosperity to Asia

2022-12-28

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2022-12-28

Industrial policy is earnestly touted by democrats and conservatives as a tool to rejuvenate the US economy. Some argue that innovation will flounder unless the US applies industrial policy to major sectors. The success of East Asian countries is often cited to bolster the case for industrial policy, however, advocates have been selling a simplistic story. While it is sometimes noted that there is a correlation between high growth rates and...

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The Second Housing Bubble of the 21st Century Is Over

2022-12-27

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2022-12-27

[Originally published in the Housing Finance International Journal.] The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience. Among the countries involved in the second bubble, both the U.S. and Canada fully participated in the newest rampant inflation of house prices. Prices this time reached levels far above those of the last boom peak. In...

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Objection, Professor Harari! Logic Proves the Existence of Free Will

2022-12-27

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2022-12-27

Yuval Noah Harari, professor of history at Hebrew University in Jerusalem, is not only a best-selling author but also a top advisor to Klaus Schwab, founder and front man of the World Economic Forum (WEF). In 2018, Harari wrote: “Unfortunately, ‘free will’ isn’t a scientific reality. It is a myth inherited from Christian theology.” And, in a 2019 interview, Harari said: Humans today are a hackable animal—an animal that can be hacked. . . . Hacking...

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Help the Institute Build the Foundations of Liberty. Donate before 2023!

2022-12-27

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2022-12-27

Forty years ago, I was worried. I had had the honor of working with Ludwig von Mises. But, not long after his death, the greatest economist and defender of freedom in the twentieth century was being ignored. Some years before, I had worked for the great Neil McCaffrey at his Arlington House Publishers. One day, I was called into his office and asked, “How’d you like to be Ludwig von Mises’s editor?” I was to correct and bring back into print three...

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The Great Leap Backward*

2022-12-27

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2022-12-27

[This piece is an excerpt from Chapter 13 of The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda, to be released January 10, 2023.] This chapter derisively refers to the notorious Great Leap Forward (1958–1961) as the Great Leap Backward. But China’s Great Leap Forward is not the ultimate object of my scorn. That scorn is reserved for the contemporary project conducted by people, who, if they knew anything about history, or...

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US Labor Market: Help Wanted!

2022-12-26

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2022-12-26

As we enter the holiday season stock owners have been the big losers of 2022, but jobs are still plentiful and nominal wages are rising rapidly. The Wall Street Journal reports “Stiff Demand Drives Gains in Jobs, Wages” (December 4). Faced with a stagnant stock market, nothing bolsters confidence more than the plethora of job openings, seemingly everywhere, and for all types of jobs. The number of job openings is a statistic worth paying attention...

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Woodrow Wilson’s Christmas Grift of 1913

2022-12-26

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2022-12-26

We think of thieves as conducting their work when no one is looking, such as breaking into a house while the owners are away. But the most successful thieves have done their stealing in plain sight, on a grand scale, while the owners were home and often with their tacit approval, though with sleights of hand that few are able to detect. Such a theft occurred when Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913. A central...

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The Origins of the Federal Reserve

2022-12-26

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2022-12-26

Where did this thing called the Fed come from? Murray Rothbard has the answer here — in phenomenal detail that will make your head spin. In one extended essay, one that reads like a detective story, he has put together the most comprehensive and fascinating account based on a century's accumulation of scholarship. The conclusion is that the Fed did not originate as a policy response to national need. It wasn't erected for any of its stated...

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Reclaiming the Anti-State Roots of Christmas

2022-12-24

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2022-12-24

While Christians the world over look to the celebration as a way to remember the incarnation of Christ, some dismiss it as a Christianized version of the ancient Rome’s Saturnalia. Whatever one’s view happens to be, I humbly suggest that it ought to be used by Christians and non-Christians alike as a reflection upon a collision of two kingdoms and two forms of rule. One that makes the way for life, and the other for misery, suffering, and death. If...

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How Christmas Became a Holiday for Children

2022-12-24

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2022-12-24

During the 1980s, millions of American children pored over the Toys 'R' Us catalog, daydreaming about what toys we hoped to receive in a few weeks on Christmas morning. After all, by the mid twentieth century, Christmas—for countless middle-class households with children— had become more or less synonymous with an enormous number of gifts for children in the form of toys and games. Barbie playsets and a myriad of action figures were routinely...

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