Category Archive: 6b.) Mises.org

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No, Milei Is Not a Fascist

2024-05-14

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2024-05-14

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 TikTok Ban Is the Next Patriot Act

2024-05-14

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2024-05-14

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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State Coercion and the Injustice of Apartheid

2024-05-14

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2024-05-14

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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Can There Be an Alliance between Austrian and Feminist Schools of Economics?

2024-05-14

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2024-05-14

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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Somaliland Needs Self-Determination

2024-05-14

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2024-05-14

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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What Can Carl Menger Teach Us about Falafel Sandwiches?

2024-05-14

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2024-05-14

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 American Labor Market: Fact vs. Fiction

2024-05-14

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2024-05-14

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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Thinking Properly about Public Welfare

2024-05-14

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2024-05-14

The debate over publicly funded welfare can be solved very quickly. There is constant demand for more welfare: more money for longer periods of time for those out of work, more money for the handicapped and a more liberal definition of what is considered to be handicapped, more money for the disabled (which assumes that the recipients once were not disabled) and more categories for what is considered to be a disability, and larger increases in...

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Will the Fed Lose Control?

2024-05-14

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2024-05-14

According to new reports from the Social Security and Medicare trustees, Social Security and a Medicare fund that pays for hospital expenses will both begin running deficits in 2035 and 2036. Disappointingly, but not surprisingly, Congress was too preoccupied spending billions more on military aid for foreign countries and banning TikTok to pay attention to the looming bankruptcy of the two largest federal entitlement programs.Many in Congress no...

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How Does Money in Our Possession Acquire Value?

2024-05-14

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2024-05-14

Why does the dollar bill in our pocket have value? The value of money is established, according to some experts, because the government in power says so. For other commentators, the value of money is on account of social convention.The Difference between Money and Other GoodsDemand for a good arises from its perceived benefit. For instance, individuals demand food because of the nourishment it offers them. With regard to money, individuals demand...

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Orwell’s America

2024-05-14

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2024-05-14

Those who have declared residency in another state cannot spend even a minute beyond the allowed time in either high tax New York or California. And, Big Brother is watching. George Orwell could not conger up a more diabolical tale than the Bloomberg story penned by Laura Nahmias and Eliyahu Kamisher.“The minute you file a partial return you’re going to hear from New York state,” said Jonathan Mariner, who created TaxDay, an app that tracks users’...

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War Hysteria Fuels New Attacks on Free Speech

2024-05-14

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2024-05-14

Washington’s interventionist and bipartisan foreign policy blob in recent weeks has pushed two new and despotic pieces of legislation. Both are designed to consolidate even more federal power in the name of combatting various alleged foreign enemies. The first of these is the so-called “TikTok ban” with the Orwellian name “Protecting Americans from Foreign Adversary Controlled Applications Act,” signed into law on April 24. Supporters claim that...

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Real Savings and Lending: What Is the Relationship?

2024-05-13

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2024-05-13

Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?The Meaning of CreditFor instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.Note...

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Lending without Saving Brings Recession and Poverty

2024-05-13

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2024-05-13

Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?The Meaning of CreditFor instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.Note...

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They Want to Scare You with Myths of “Unhampered Capitalism”

2024-05-13

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2024-05-13

Bad ideas are sometimes the hardest to dethrone. It’s probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound? Is it vulnerable to inflation? Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?There any many myths surrounding hard money currencies, and one of...

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Profit Is Not Plunder

2024-05-13

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2024-05-13

Frédéric Bastiat in his book The Law distinguishes between profit and plunder. Profit is financial gain earned through industrious behavior. Business owners make a profit by selling products at a greater amount than what it costs to produce that product. Plunder, by contrast, is the theft of property through nonvoluntary means, such as theft, coercion, or fraud. Bastiat noted that while most plunder is illegal, there remains one major exception:...

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An Optimistic Strategy for Liberty

2024-05-12

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2024-05-12

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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Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back

2024-05-12

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2024-05-12

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 Intellectual Humility of the Spontaneous Order

2024-05-12

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2024-05-12

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 War on Poverty Makes Poverty Worse

2024-05-12

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2024-05-12

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 »