Category Archive: 6b.) Mises.org

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Why Average Goods Prices Cannot be Established

2024-04-04

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2024-04-04

The price or the rate of exchange of one good in terms of another is the amount of the other good divided by the amount of the first good. In the money economy, price will be the amount of money divided by the amount of the first good.Suppose two transactions were conducted. In the first transaction, one TV set is exchanged for $1,000. In the second transaction one shirt is exchanged for $40. The price or the rate of exchange in the first...

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Abolish all Treason and Sedition Laws

2024-04-04

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2024-04-04

The word "treason" has enjoyed something of a renaissance in recent years—on the Left. It used to be more popular on the Right. During the Cold War, conservatives frequently employed the word to demand their ideological enemies be exiled or executed. Nowadays, anti-immigration activists frequently denounce their opponents as "the treason lobby." But it's on the Left that the word appears to have its most devoted advocates at the...

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Why Genocide?: Every Law of War Has Been Violated in Gaza

2024-04-04

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2024-04-04

Why, then, are Israel’s 2023-2024 actions in Gaza genocidal? In a November 14, 2023 essay, "Bibi Netanyahu May Find Himself In the Dock, In The Hague,” your columnist explained why, logically at least, Israel has met the threshold for criminal intent, mens rea.“If you know in advance that your actions will cause the deaths of thousands-upon-thousands of civilians; attached to your criminal actions (actus reus) is a guilty mind (mens rea),...

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The Intellectual Humility of the Spontaneous Order

2024-04-04

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2024-04-04

Statists demand that proponents of the free market explain in painstaking detail how every conceivable service would be provided without the heavy hand of government coercion. How would law be administered? How would security be maintained? How would charity and education function? And of course, the tiresome refrain—who will build the roads? While Austrian economists have offered satisfactory answers to these questions, entertaining them may...

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James Bovard on the Ron Paul Liberty Report

2024-04-04

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2024-04-04

Marketing Permissions Please select all the ways you would like to hear from Mises Institute: Email You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.We use Mailchimp as our marketing platform. By...

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Treason and Sedition Laws Have No Place in a Free Society

2024-04-04

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2024-04-04

The word "treason" has enjoyed something of a renaissance in recent years—on the Left. It used to be more popular on the Right. During the Cold War, conservatives frequently employed the word to demand their ideological enemies be exiled or executed. Nowadays, anti-immigration activists frequently denounce their opponents as "the treason lobby." But it's on the Left that the word appears to have its most devoted advocates at the...

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US Job Growth is Slower than Reported

2024-04-04

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2024-04-04

The news media has been reporting steady job growth in the US economy since the Covid 19 crisis. Employment has grown steadily. However, data on employment represents progress in the number of jobs filled. The total number of jobs in business plans is the sum of all filled and unfilled jobs, total employees plus total job openings (see the red line in the top-left graph below).The total number of jobs in the US economy increased rapidly up to March...

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Is Europe in Crisis?

2024-04-04

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2024-04-04

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Artificially Low Interest Rates Are Creating Economic Chaos

2024-04-03

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2024-04-03

If you asked him, Edward Chancellor wouldn’t say he’s particularly Austrian. Yet The Price of Time: The Real Story of Interest, the dense book he most timely published during the height of the inflation summer of 2022, is as obsessed with centrally planned interest rates as your average Misesian. Like many before him, and many in the Austrian camp, Chancellor identifies the many ills that trouble the world and locates their cause in a dysfunctional...

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Connecticut’s Housing Shortage Is Rooted in Government Policies

2024-04-03

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2024-04-03

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Marx, Class Conflict, and the Ideological Fallacy

2024-04-03

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2024-04-03

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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California’s Minimum Wage Increase is Inefficient and Unfair

2024-04-03

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2024-04-03

California raised its minimum wage rate for the fast food industry to 20$ today. US Politicians haven't targeted specific industries with minimum wage increases since the Great Depression. There are already signs that some fast food places in California are cutting back on employment. The specific effects of this fast food minimum wage will become clear during the rest of this year. For the time being, we should recall the general effects of...

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Bitcoin vs. Gold: The Debate Continues

2024-04-03

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2024-04-03

In a few short weeks since SEC approval Inflows into Bitcoin ETF funds had reached just over $59 billion on Good Friday, according to btcetffundflow.com. Meanwhile the unloved and disrespected GLD [gold] ETF holds $54 billion, despite its thousand year pedigree. Gold fan and crypto disser Peter Schiff debated crypto evangelist Raoul Pal on Real Vision for nearly three hours with neither combatant giving an inch. The calm Mr. Pal is the co-founder...

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The US Vetoes International Action on Gaza

2024-04-03

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2024-04-03

In the world of patronage, it doesn’t get much worse. The United States is at Israel’s elbow—it is a cobelligerent: In actively sustaining Israel’s armed forces, and running diplomatic interference for its politicians; America is acting as Israel’s “principal sponsor,” complicit in war crimes, signaling to the Jewish State that it will let it continue to its evil endgame.As I ventured in January, the issuance of the equivalent of a legal...

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Is “Havana Syndrome” Russian Aggression or Another Media Conspiracy Theory?

2024-04-03

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2024-04-03

On Sunday night, the CBS show 60 Minutes ran a segment about the series of mysterious medical episodes suffered by United States intelligence officers and government officials that has been given the nickname “Havana Syndrome.” For almost a decade, officials and their families have reported hearing sudden ringing sounds in their ears and experiencing headaches, dizziness, and other symptoms, usually while stationed abroad.Many journalists,...

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“Conspiracy” Is Not a Real Crime, and Trump Isn’t Guilty of It

2024-04-03

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2024-04-03

Last month, former president Donald Trump succeeded in indefinitely delaying his trial on federal charges related to the January 6 riot at the US Capitol building. It is now unclear if or when he will stand trial for the federal crimes with which he was charged in August of last year.The charges are primarily conspiracy charges. Specifically, Trump has been charged in federal court with one count of conspiracy to defraud the United States, one...

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America’s Fiscal Collapse Accelerates

2024-04-02

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2024-04-02

In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it came to $23 trillion.This has bloated the Treasury market to $27 trillion...

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Why Argentina Needs a 100%-Reserves Banking System

2024-04-02

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2024-04-02

There have been criticisms against Javier Milei´s plan to install a 100% reserve banking system in Argentina. One of the fears is that in a 100% reserve banking system there would be price deflation which would be detrimental to the economy. I have written about the myth that falling prices are to be fought against with inflation of the money supply in my book “In Defense of Deflation” which has recently been recommended by Javier Milei on X.Now...

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The State of Israel Abandons Law and Morality in Its War on Gaza

2024-04-02

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2024-04-02

Over and above industrial-scale mass murder of individual people—Israel is engaged in the eradication of Gazans as a People.Inarguably, to condemn Israel’s industrial-scale campaign of slaughter and starvation in Gaza ought to be ethically straightforward. Basic really.That Israel is committing the “the crime of all crimes” against the Palestinians of Gaza is not within the realm of opinion.That the Global North is standing stock-still in the face...

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The Senate Calls Out-of-Control Spending a National Security Threat, Keeps Spending Anyway

2024-04-02

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2024-04-02

Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In addition to the usual increases in war and welfare spending, the bill funds gender transitioning for minors without parental consent and red flag laws, which allow law enforcement to seize an individual’s...

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