Category Archive: 6b.) Mises.org

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The Fed Cannot Cut Rates as Fast as Markets Want

2024-03-01

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2024-03-01

Market participants started the year with aggressive expectations of rapid and large rate cuts. However, after the latest inflation, growth, and job figures, the probability of a rate cut in March has fallen from 39 to 24%. Unfortunately for many, headline figures will support a hawkish Federal Reserve, and the latest comments from Jerome Powell suggest rate cuts may not come as fast as bond investors would like.

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Playing for Kekes

2024-03-01

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2024-03-01

Moderate Conservatism: Reclaiming the Centerby John KekesOxford University Press, 2022; 256 pp.John Kekes, who taught for many years at the State University of New York at Albany, does not agree with the protagonist of Henrik Ibsen’s Brand that “the devil is compromise,” at least where politics is concerned.

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A Black Man’s Inconvenient Truth: Canceling Racist Historical Omissions

2024-03-01

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2024-03-01

Can a Black man communicate inconvenient truths? One did and a reporter for The Root, a Black on-line magazine, labeled them foolishness. What has he said? Among others, reportedly this: It was Africans who fought wars against Africans and then enslaved the losers.

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Governments Never Give Up Power Voluntarily

2024-03-01

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2024-03-01

[A selection from Liberalism.]All those in positions of political power, all governments, all kings, and all republican authorities have always looked askance at private property. There is an inherent tendency in all governmental power to recognize no restraints on its operation and to extend the sphere of its dominion as much as possible.

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When Ideology Turns Pathological

2024-03-01

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2024-03-01

Aleksandr Solzhenitsyn may be the 1970 Nobel Prize winner for literature, but that does not make his work The Gulag Archipelago enjoyable reading. The detailed description of the methods of torture employed within the Soviet system alone will turn many readers away.

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The End of “Extend and Pretend”

2024-03-01

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2024-03-01

The number of U.S. commercial foreclosures spiked to 635 in January 2024 from a low of 141 in May 2020 reports real estate data firm ATTOM.

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The Fed’s Milkshake Brings All the Foreigners to the Yard

2024-03-01

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2024-03-01

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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Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who

2024-02-29

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2024-02-29

The sight of fresh snow is always invigorating to me, so I was happy to wake up the other day to a blanket of snow—roughly three inches—on my yard. I was less happy, though, to see the same blanket still covering the street in my neighborhood.

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In Defense of GK Chesterton’s Manalive

2024-02-29

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2024-02-29

G.K. Chesterton is a somewhat controversial author in most libertarian circles. As an intelligent man who wisely predicted a century out so many of the problems we face today, he has garnered great respect among many who have read him.

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Current PCE Inflation: 4.1%

2024-02-29

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2024-02-29

The Bureau of Economic Analysis released January figures for Personal Consumption Expenditures (PCE) today, including the price index based on that data.News headlines report the year-over-year percent change in the PCE price index: 2.4%.

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For Socialists, It Doesn’t Matter if Socialism “Works.” What Matters Is Power.

2024-02-29

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2024-02-29

A recent rash of libertarian-leaning right-wing podcasters’ rehashing of a shopworn takedown of socialism has bothered me to the point of launching into this essay. It goes something like “Why is this still a thing? When are they going to realize that IT DOESN’T WORK, and drop it?”

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The Myth of Democratic Socialism

2024-02-29

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2024-02-29

Originally published September 1977 in Libertarian Review.In any debate between a socialist and a free-market capitalist, all too often the socialist quickly puts the free-market advocate on the defensive, and the entire time is consumed by the free-market person fending off attacks on the ability of the market to prevent inequality, or business cycles, or even the ravages of affluence and "materialism."

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The Regime’s Despicable Attack on Julian Assange

2024-02-29

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2024-02-29

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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Want Less Immigration? Embrace Free Trade

2024-02-29

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2024-02-29

The generous and bloated American welfare state has become an enormous magnet to both legal and illegal immigrants in the United States. This $290 billion annual magnet subsidizes migration and ensures that the total number of migrants into the US is larger than would be the case without the subsidy.

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The Student Debt Crisis Is a Racket

2024-02-28

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2024-02-28

Ahead of a contentious election this fall, President Joe Biden is frantically working to transfer more tax dollars to college-educated voters. Last week, the White House announced another $1.2 billion in student loan forgiveness, bringing the president’s total in canceled debt to $138 billion.

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The Pentagon Wants More Socialism

2024-02-28

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2024-02-28

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 Supreme Court to Decide if New York Regulators Can Arbitrarily Target the NRA

2024-02-28

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2024-02-28

In mid-March, the Supreme Court is going to hear oral arguments in a case called National Rifle Association v. Vullo. This case has received relatively little media attention, but according to SCOTUSblog, it centers around whether the “First Amendment allows a government regulator to threaten regulated entities with adverse regulatory actions if they do business with a controversial speaker, as a consequence of (a) the government’s own hostility to...

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GDP Growth Is Inflated by Massive Deficit Spending

2024-02-28

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2024-02-28

Over the past year, economist Daniel Lacalle has repeatedly warned that the United States is in the midst of a "private sector recession" and that official GDP measures are being propped up by government spending. The latest GDP numbers from the federal government strongly suggest he is right. Today, the federal government's Bureau of Economic Analysis released its revised estimate for GDP growth in the fourth quarter of 2023. According...

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The Heroic Julian Assange

2024-02-27

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2024-02-27

Julian Assange may soon be extradited to the United States, where he will face prosecution that could end in his imprisonment for life. He is in fact a hero, who should be honored rather than punished. American foreign policy is based on the pursuit of global hegemony and to achieve this goal, our “leaders” engage in torture and murder. Assange brought these crimes to public attention through his publication of the “WikiLeaks” documents he got from...

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How State-Funding of Activist Groups Makes Britain Less Safe

2024-02-27

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2024-02-27

Recently in the United Kingdom, an asylum claimant named Abdul Ezedi threw a corrosive substance over a woman, leaving her with life-changing injuries. Ezedi, who had arrived illegally in the back of a lorry in 2016, had been denied asylum twice. In 2018, he was given only a suspended sentence after being convicted of sexual assault. Finally, in 2020 he was granted asylum to protect him from prosecution after he claimed to have converted to...

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