Category Archive: 6b.) Mises.org

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Hayek Explains Emergency Powers

2024-03-05

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2024-03-05

In this morning's Mises Wire article, I mentioned that the true nature of the ruling class tends to be revealed in times of emergency. Moreover, it is during declared "emergencies" that it becomes clear that ordinary constitutional limits on state powers—such as the much touted "balance of powers" tend to do little to actually restrain regime power. Not all constitutional systems are equally bad in these situations, of course,...

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The Paramedic who Helped Police Kill Elijah McClain Is Sentenced to Five Years

2024-03-05

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2024-03-05

On Monday, Aurora, Colorado paramedic Peter Cichuniec was sentenced to five years in prison (for criminally negligent homicide) for his part in the killing of Elijah McClain. McClain was an Aurora resident who had been walking home on the night of August 24, 2019. After police received a call about an unarmed person who looked "sketchy," police stopped and confronted McClain. McClain was doing nothing illegal and had given police no...

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Private REITs Hide Commercial Real Estate Distress While Begging for Bailouts

2024-03-04

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2024-03-04

During the most recent commercial real estate bubble, two things happened in tandem. First, due to the Federal Reserve’s zero interest rate policy, savers were unable to invest their cash at a decent rate of return.

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The Folly of Federal Reserve Stabilization Policy: Part II 1985-2023

2024-03-04

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2024-03-04

Many economists think the Federal Reserve can use Phillips Curve tradeoffs between inflation and unemployment to guide Fed macro stabilization policy. Inflationary Fed policies may act as a monetary stimulus, to regulate unemployment. Data from 1948 to 1985 indicates that the Phillips Curve doesn’t actually exist. Does the data since 1985 reveal stable Phillips Curve tradeoffs- estimates of the effects of inflation on unemployment that may guide...

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Elon’s Boring Line of Bull

2024-03-04

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2024-03-04

Something’s rotten under the Las Vegas Convention Center and it turns out it’s a chemical sludge with the “consistency of a milkshake,” reports Bloomberg Businessweek. This sludge is a byproduct of Elon Musk’s Boring Company tunneling from the Las Vegas Convention Center to the Encore and Westgate hotels. These tunnels don’t feature rapid transit but instead individual Teslas ferrying carloads of convention goers at just 40 mph. Workers are being...

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To the European Union: Don’t Tread on Us

2024-03-03

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2024-03-03

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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The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking

2024-03-03

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2024-03-03

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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The Right Is Wrong to Pursue Term Limits

2024-03-03

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2024-03-03

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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The Awesome Verbal Punching Power of Thomas Paine

2024-03-03

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2024-03-03

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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The Outrageous Persecution of Julian Assange

2024-03-03

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2024-03-03

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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No, “Science” Has Not Proven Mises Wrong on Socialism

2024-03-03

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2024-03-03

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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Hubris Runs Rampant at the Fed

2024-03-03

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2024-03-03

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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The Prospects of War

2024-03-02

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2024-03-02

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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A Principled View of Nations and Nationalism

2024-03-02

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2024-03-02

In Nations by Consent Murray Rothbard draws an important distinction between the nation and the state. While he regards the state as predatory, exploitative, parasitic and criminal, he does not view nations formed by consent as coterminous with the state.

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Central Bank Digital Currencies Are Dangerous and Unnecessary

2024-03-02

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2024-03-02

The main central banks have been deliberating on the concept of introducing a digital currency. However, many citizens fail to grasp the rationale behind it when the majority of transactions in major global currencies are carried out electronically.

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Why the Bubble Economy Isn’t the Real Economy

2024-03-02

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2024-03-02

There is a grand economic fable that has been unfolding over the past two decades, one filled with mythical creatures and great fantasy. The main character of this fable is the grand wizard of the markets, the Federal Reserve.Like all great fables, it starts with magic.

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The Fed Has Busted Housing Bubble 2.0

2024-03-01

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2024-03-01

As Austrian Business Cycle Theory explains, big-ticket capital expenditures are heaving influenced by interest rates, as we discussed here.Since housing is a big-ticket capital expenditure, demand for housing is strongly influenced by interest rates, which makes it an excellent leading indicator of the business cycle.

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The Folly of Federal Reserve Stabilization Policy: Part I 1948-1985

2024-03-01

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2024-03-01

The Federal Reserve Board is responsible for formulating macro stabilization policy. More specifically, the Federal Reserve Board seeks tradeoffs between inflation and unemployment rates. Fed officials need meaningful data to formulate useful policies.

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The Myth of National Defense Spending

2024-03-01

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2024-03-01

Among the most persistent of myths in the sphere of economics is of the supposed benefits of government spending in the economy. Apologists will include government spending in gross domestic product measures, as if government production is truly “productive.”

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Australian Government Blames Grocery Retailers for Inflation

2024-03-01

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2024-03-01

In 2024 the Australian senate is establishing an inquiry into Coles and Woolworths, the two biggest grocery retailers in the country. These two retailers hold a market share of two-thirds of the retail grocery market in Australia.

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