Category Archive: 6b.) Mises.org

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Governments Hate Privacy Software

2024-06-25

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2024-06-25

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 Quest for Lebensraum

2024-06-25

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2024-06-25

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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There Are Only Downsides to Prolonging the War in Ukraine

2024-06-25

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2024-06-25

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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Phony Civil Rights

2024-06-25

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2024-06-25

Natural-rights libertarians reject egalitarianism, regarding it as a revolt against nature. On that premise, the only valid rights are those that give effect to self-ownership and private property. All rights created to give effect to egalitarian values are phony rights, and as Lew Rockwell has explained, “phony civil rights put your life in danger.”Murray Rothbard was against all phony rights, “all ‘rights’ for special groups,” with no exceptions....

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Lysander Spooner’s Flawed War on Poverty

2024-06-24

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2024-06-24

One of the most legendary figures in the history of the liberty movement was Lysander Spooner (1808–87), a Massachusetts-based lawyer, writer, and political theorist. He is particularly well known for his abolitionism, rejection of social contract theory, and belief in natural law. Unfortunately neglected, however, are his economic writings, including among them Poverty: Its Illegal Causes and Legal Cure and Universal Wealth Shown to Be Easily...

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The UK Blood Scandal Exposes British Elites

2024-06-24

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2024-06-24

The United Kingdom’s political landscape has been rocked once again by yet another scandal. This scandal relates to tainted blood that was given to unsuspecting patients leaving them permanently horribly ill. This scandal is different from other more recent scandals; it has been known for decades that this has been happening, yet nothing has been done by successive governments on all sides of the political spectrum. As libertarians, we know why...

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Welfare Policies have Great Consequences

2024-06-24

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2024-06-24

In discussions of politics, it is common to see politicians praised for policies and programs that expand the welfare state. Politicians who sign off or approve spending at a greater magnitude than other politicians are often seen as more generous.

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Taking Back Our Money

2024-06-24

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2024-06-24

ForewordWe do not need a technocratic elite to manage the supply of money. In these three short articles, Murray N. Rothbard removes the Federal Reserve’s veil of scientific mystique to reveal a wholly unnecessary and malignant system. Rothbard contrasts the instability and unjust redistribution inherent in our current central banking system with the integrity of sound money and honest banking practices.Since the articles were published in 1995,...

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Commercial Bank Chickens Come Home to Roost

2024-06-24

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2024-06-24

The FDIC added 11 new banks to its Problem List in the first quarter of 2024, bringing the total to 63. The specific banks on this are kept confidential, but the endemic, underlying issues in the commercial banking sector are increasingly obvious.Interest Rate Risk and LiquidityThe FIDC reported that “Unrealized losses on securities totaled $516.5 billion in the first quarter, an increase of $38.9 billion (8.2 percent) from fourth quarter 2023.

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Thomas DiLorenzo Discusses Federal Reserve, Inflation, and Austrian Economics

2024-06-24

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2024-06-24

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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Caitlin Clark, Bullying and the Business of Basketball

2024-06-24

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2024-06-24

Why do people watch sports? My mother believes it’s because “people want to be uplifted.” This may explain why many are upset about how basketball phenom Caitlin Clark, who broke the National Collegiate Athletic Association (NCAA) women’s and men’s scoring records, is being treated—or mistreated—in the Women’s National Basketball Association (WNBA).

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Who Needs the Fed?

2024-06-23

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2024-06-23

This article appears as a full-page ad in the Wall Street Journal today, June 24, 2024, and was made possible by one of our generous donors:Perhaps nothing in financial news receives more attention than an announcement from the Federal Reserve. About eight times per year, the Federal Reserve’s Federal Open Market Committee meets to formally decide and announce its plans for monetary policy. Every announcement has the potential to cause a rally, or...

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The American Empire

2024-06-23

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2024-06-23

[The following is a condensation of Garet Garrett’s pamphlet The Rise of Empire, published in 1952, and included in his collection The People’s Pottage (Caldwell, ID: Caxton Printers, 1953).]We have crossed the boundary that lies between Republic and Empire. If you ask when, the answer is that you cannot make a single stroke between day and night; the precise moment does not matter. There was no painted sign to say: “You now are entering Imperium.”...

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Why Consumer Sentiment Fell To A Seven-Month Low

2024-06-22

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2024-06-22

The University of Michigan Consumer Sentiment Survey plummeted to its lowest level in seven months. The index reading for June came in at 65.6, down from 69.1 in May and under the consensus expectation of 72. In the current conditions and expectations categories, the survey fell below economists’ expectations.Year-ahead inflation expectations were unchanged this month at 3.3%, but above the 2.3–3.0% range seen in the two years prior to the...

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Harry Frankfurt, Humbug, and the Battle against Wokery

2024-06-22

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2024-06-22

Although Harry Frankfurt was not a libertarian, his critique of egalitarianism reflects the principles of liberty. Frankfurt argued that “economic equality is not, as such, of particular moral importance” and that “if everyone had enough, it would be of no moral consequence whether some had more than others.” This has been described by David Gordon asan argument that most people who read Mises Institute articles will know already. In brief, the...

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Democracy Is Not the Same Thing as Freedom

2024-06-22

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2024-06-22

In our modern world, most states are democracies or at least call themselves “democratic.” The adoption of democracy is hailed as one of humanity’s greatest achievements. Once upon a time, humanity broke out of the shackles of monarchies and has never looked back since. Nowadays, all citizens in democratic countries are free and safe from despots. Except, that is far from the truth.Democratic systems have been around for a long time. Ancient Greece...

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The Oklahoma City Curse, Skyscraper Edition

2024-06-22

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2024-06-22

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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Private Property Comes from Scarcity, Not Law

2024-06-21

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2024-06-21

Property is a key economic principle for markets to operate and their participants to live in harmony with one another. But as with so many things in the modern age, the scene (and accompanying meme) from the 1987 movie The Princess Bride applies: “You keep using that word; I do not think it means what you think it means.”To the Marxian, property means unjust hoarding of resources. Most Americans think of their houses. To Murray Rothbard and many...

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The Establishment Survey Overestimated Job Creation by nearly 700,000 in 2023

2024-06-21

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2024-06-21

Yesterday, we looked at how the Business Employment Dynamics (BED) report showed job losses last year while the much-reported and much-touted monthly Establishment survey report showed “blowout” job gains throughout most of the year. Indeed, over the past year, the Establishment survey has repeatedly showed considerably more job growth than both the BED report and the Household survey. Another source we can now consider is the Quarterly Census of...

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What Price Charity?

2024-06-21

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2024-06-21

Ludwig von Mises tries in Human Action to reconcile two arguments about charity that pull in opposite directions. The first of these is that some people cannot survive without receiving help: unless they are guaranteed such help by law, they are dependent on charitable donations from the better-off.Within the frame of capitalism the notion of poverty refers only to those people who are unable to take care of themselves. Even if we disregard the...

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