Category Archive: 6b.) Mises.org

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Fiscal Policy and Economic Reality

2024-08-01

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2024-08-01

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...

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Why we don’t want Kamala

2024-07-31

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2024-07-31

On Sunday, July 21, a letter appeared on brain-dead “President” Joe Biden’s Twitter account purporting to be a message that he would not be running for re-election but would continue in office until his term expires next January. Shortly thereafter, another post appeared that said he endorsed his DEI hire Kamala Harris as his successor. It is more than a little strange that Biden made no appearance on television to announce these momentous news...

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South Africa’s War against Capitalism

2024-07-31

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2024-07-31

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...

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Free Trade versus Protectionism

2024-07-31

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2024-07-31

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...

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Differences between Mises and Rothbard on Ethical Theory

2024-07-31

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2024-07-31

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...

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The technocratic fallacy: we just need “the right people” in government

2024-07-31

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2024-07-31

An often-repeated saying among Arabs, widely believed to be the panacea to our political ills, goes like this: “The right person in the right position” by which we mean that if we insert the most qualified person for a specific job, many of the problems affected would be solved. This is a strong phrase since it seems to be irrefutable. After all, should we otherwise put the “wrong” person in any position? Conversely, should we not create the right...

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The Fed is holding interest rates steady. This won’t last much longer.

2024-07-31

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2024-07-31

The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the federal funds rate) of 5.5 percent. The committee has now held the rate at this level since the end of July 2023.According to the FOMC’s press release:The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably...

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Cronyism in America: The Nation’s First Big Business

2024-07-31

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2024-07-31

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...

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Unseen Cost of Regulation

2024-07-31

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2024-07-31

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...

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The Political Economy of Policing

2024-07-31

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2024-07-31

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...

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Project 2025: The good, the bad, and the frustrating

2024-07-31

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2024-07-31

Anyone following the 2024 presidential election has undoubtedly heard about the political establishment’s latest villain, Project 2025. This policy agenda — technically named the 2025 Presidential Transition Project — was produced by a group of conservative policy analysts, most of whom are associated with the Heritage Foundation.The project centers around a 900-page book meant to provide the next Republican administration to win the White House...

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Economic Prosperity

2024-07-31

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2024-07-31

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...

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Austrian Capital Theory

2024-07-30

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2024-07-30

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...

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Calculation and Socialism

2024-07-30

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2024-07-30

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...

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The Theory of Interest

2024-07-30

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2024-07-30

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...

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MMT: Feeding the economically inferior machine

2024-07-30

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2024-07-30

Imagine you are the foreman of a factory. Inside the factory are two machines. Both machines consume materials, energy, and labor and produce the same product, perhaps cars, or toasters, or pencils. However, one of the machines, given the same inputs, produces far fewer of that product. Assume that inputs for maintenance to keep the machines running indefinitely are included in the consumption numbers. The question you need to answer as foreman is...

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Supreme Court takes two steps forward, one step back

2024-07-30

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2024-07-30

We can all probably agree that this has been one of the strangest Julys in memory. From the attempt on Trump’s Life to the Republican National Convention to the bizarre “coup” against Biden in the Democratic Party. With all this, it’s easy to forget some truly momentous events that happened this month.For example, the Supreme Court recently handed down three decisions of particular interest to defenders of individual liberty and limited,...

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Measurement in Economics

2024-07-30

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2024-07-30

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...

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Socialism, not US sanctions, ruined the Venezuelan economy

2024-07-30

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2024-07-30

US sanctions against Venezuela are barbaric and immoral. But, they are not responsible for the economic collapse that has transpired in Venezuela over the past twenty years. Yes, the sanctions have further reduced the standard of living in Venezuela, and the burden of relative impoverishment caused by the sanctions has fallen hardest on those at the lowest end of the socio-economic ladder.However, the effects of these US-imposed sanctions have not...

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Minimum Wage

2024-07-30

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2024-07-30

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...

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