Category Archive: 6b.) Mises.org

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The Data Shutdown—Smokescreen?

2023-09-30

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2023-09-30

This episode examines the impending Government Shutdown, which will suspend new releases of the government's "vital" economic statistics. How will the "Data Dependent" Fed manage its policy behind the cloak of missing data? Mark suggests it's best to consider that the Fed is playing its typical confidence game. Be sure to follow Minor Issues at Mises.org/MinorIssues.

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Last Day to Double Your Gift

2023-09-30

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2023-09-30

The Mises Institute sends a big THANK YOU to everyone who already donated to our Fall Campaign this week. Your support helps us continue to make the sound economic principles of Mises, Rothbard, Hazlitt, and Hayek free to the world at a time when they are needed more than ever. If you haven’t had time to donate, please do so today. Hunter Lewis, a generous donor and author of numerous books, is passionate about educating a future generation of...

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Will Dollarization Work in Argentina?

2023-09-30

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2023-09-30

In Argentina, the libertarian presidential candidate Javier Milei made headlines when he came in first in the primary on August 13. His economic program calls for a strong reduction in government spending and the role of government in general and would, if implemented, greatly improve the conditions of economic life in Argentina. There is, however, one weak point—namely, his proposed monetary reform. Faced with high inflation rates and a...

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Is the Money in Your Checking Account Yours or the Bank’s?

2023-09-30

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2023-09-30

When Silicon Valley Bank and other banks failed earlier this year, the debate over the sustainability of fractional reserve banking resurfaced. Under fractional reserve banking, banks keep only a fraction of customers’ deposits in reserve. The difference is bank credit, such as government debt, mortgages, business loans, and many other kinds of loans. This practice leaves the bank open to a run, in which panicky depositors attempt to withdraw their...

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Totalitarian Ideals and Not Living by Lies

2023-09-29

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2023-09-29

More than forty years ago, Aleksandr Solzhenitsyn urged his fellow Russians “not to live by lies.” In our politicized age, his words ring truer than ever. Original Article: Totalitarian Ideals and Not Living by Lies

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Assessing the BRICS Expansion: Debunking Expectations

2023-09-29

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2023-09-29

At the conclusion of the BRICS summit in Johannesburg on August 24, 2023, it was announced that the five-country grouping of Brazil, Russia, India, China, and South Africa, had invited six more countries to join: Saudi Arabia, the United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina. The new memberships, which will take effect in January 2024, were called “historic” by Chinese leader Xi Jinping, while Vladimir Putin, unable to travel due to...

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Living Libertarian: Brief Biographies

2023-09-29

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2023-09-29

Libertarian Autobiographies: Moving toward Freedom in Today’s Worldedited by Jo Ann Cavallo and Walter E. BlockPalgrave Macmillan, 2023; xx + 533 pp. Jo Ann Cavallo and Walter Block have done those interested in libertarianism a great service, but they have set the reviewer of their book an impossible task. They have gathered together eighty short accounts in which well-known libertarians describe their various paths toward their political and...

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The Problem With “Classical Liberals”

2023-09-29

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2023-09-29

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a look at "classical liberalism," a term that has come to mean a variety of different things in recent years. What is the history of classical liberalism? Is classical liberalism distinct from radical libertarianism? Is it ultimately a moderate form of leftism? Ryan and Tho address these questions and more during the Mises Institute's Fall Fundraising Campaign....

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The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do

2023-09-29

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2023-09-29

If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession.  But "hope" is all the Fed has.  Original Article: The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do

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Three Cheers for Mises

2023-09-29

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2023-09-29

Today marks the birthday of Ludwig von Mises, and day 5 of our annual Fall Campaign. The intellectual achievements of Ludwig von Mises make him one of the greatest minds in human history. His contributions to Austrian economics inspired new generations of scholars, from Murray Rothbard and F.A. Hayek to current leaders like Joe Salerno, Ron Paul, and Patrick Newman. He is the most powerful intellectual opponent to socialism the world has ever...

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The Partnership from Hell

2023-09-29

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2023-09-29

But once a commodity is established as a money on the market, no more money at all is needed. —Murray Rothbard, Taking Money Back The Fed’s distinguishing characteristic is its grant of privilege to buy assets with money it doesn’t have. No other person or institution can legally do this; those that tried would be indicted for counterfeiting. At the very least you might think this would raise eyebrows, but it doesn’t except in fringe quarters. It...

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Stop Trying to “Contain” China in Southeast Asia

2023-09-28

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2023-09-28

It was a laughable moment when President Joe Biden said at a press conference during his visit to Hanoi that the United States wasn’t seeking to contain China. Despite efforts by the Biden administration to send its top officials to quell any suspicion that Washington, DC, was trying to contain China, Beijing has realized that the efforts were merely a cover-up. By restricting access to chips and their manufacturing components as well as spending...

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Why Stabilization Policy is Destabilizing

2023-09-28

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2023-09-28

The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea. Original Article: Why Stabilization Policy is Destabilizing

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The State versus Entrepreneurs: Prosperity Always Loses

2023-09-28

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2023-09-28

Governments prioritize economic growth as a national policy to win elections. Economic growth is a concern for all citizens because increasing economic growth improves living standards. There are more opportunities for self-advancement and leisure in a booming economy, so people endorse politicians who demonstrate that they know how to transform a sluggish economy into a booming one. Voters usually benefit from government policies when they...

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The Economic Coercion and ‘Repressive Tolerance’ of the Woke Regime

2023-09-28

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2023-09-28

Recorded in Nashville, Tennessee, on September 23, 2023. Includes audience Q&A period. The Economic Coercion and ‘Repressive Tolerance’ of the Woke Regime | Michael Rectenwald Video of The Economic Coercion and ‘Repressive Tolerance’ of the Woke Regime | Michael Rectenwald

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The Corrupt Political Influence on Military Intelligence and Its Fundamental Role in State Propaganda

2023-09-28

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2023-09-28

Recorded in Nashville, Tennessee, on September 23, 2023. The Corrupt Political Influence on Military Intelligence | Karen Kwiatkowski Video of The Corrupt Political Influence on Military Intelligence | Karen Kwiatkowski

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Toward a Heideggerian Libertarianism?

2023-09-28

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2023-09-28

Can there be a bridge between Heideggerian metaphysics and practical political philosophy? Original Article: Toward a Heideggerian Libertarianism?

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Donate $5, Get Rothbard’s Greatest Myths!

2023-09-28

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2023-09-28

Rothbard destroys the greatest myths of our time. America has been captured by economic denialism. The political class has driven the debt to a point that was once thought unimaginable. Inflation continues to eat away at the paychecks of everyone. The weaponization of the dollar has driven other countries to seek to abandon it. In 1984, Murray Rothbard wrote Ten Great Economic Myths, a succinct attack on the fallacies perpetrated by the...

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The False Framing of Protectionism

2023-09-28

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2023-09-28

The argument over trade is one that has been foisted back onto America by the likes of Bernie Sanders and Donald Trump. While most hold to the notion that Adam Smith ended the debate on trade policy in the 1770s, the issue has always been a prominent one in American history. The Hamiltonian Whigs and Lincoln Republicans have long stood opposed to the Jacksonian Democrats and their policy of laissez-faire capitalism. Perhaps the one shining light of...

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The Dangerous Myth of a “Soft Landing”

2023-09-27

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2023-09-27

If we search the news from 2007, we can find plenty of headlines with the IMF and the Federal Reserve predicting a soft landing. No one seemed to worry about rising imbalances. The main reason is that market participants and economists like to believe that the central bank will manage the economy as if it were a car. The current optimism about the U.S. economy reminds us of the same sentiment in 2007. Many readers will argue that this time is...

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