In early September 2023 we reported on the Producer Price Index, the PPI. This price statistic takes a back seat to the Consumer Price Index in media reporting and the policy-setting agenda. Back then we explained what it was and what it was telling us about the economy.The timing of that episode reflected our concern that the sharp drop in the PPI to that point in time might not be a sign of things to come. The PPI had been dropping since...
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Category Archive: 6b.) Mises.org
Get Ready for Weaker Growth and Higher Inflation. The Consensus Was Wrong.
The weak GDP figure for the first quarter came with a double negative: poor consumer spending and exports, plus a rise in core inflation. The US administration’s enormous fiscal stimulus underscores the importance of considering the weaker-than-expected data.A deceleration in consumer spending, a decline in the personal savings ratio to 3.6%, and poor exports added to a set of figures for investment that were also negative when we looked at the...
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The Fallacy of “Racism Equals Power Plus Prejudice”
A position that has gained popularity on the Left in recent decades is a push to redefine racism to prevent the term from encompassing racism against whites. According to this position, “racism equals power plus prejudice.” And while whites can experience racial prejudice, there exists a prowhite and anti-non-white bias in western institutions, which is what is meant by the term “power.” Accordingly, it is argued that the term “racism” should be...
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Killing the Golden Goose: Millennials Earn Less Than Their Parents Did
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There Is No Prosperity without Private Property
Private property rights are crucial to economic prosperity. Without them, it becomes impossible to set up a system of free markets that allows for rational economic calculation. Despite this, property rights are under attack in today’s world by progressives seeking to build a more “just” society through equity.When property is originally appropriated, it belongs to its owner. The owner may use, transform, sell, or even not use his property at all,...
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Conservatives Are Wrong on Economics. Here’s How to Fix the Problem.
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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Javier Milei vs. the Status Quo
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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Privatize Driver’s Licenses
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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Does Libertarianism Reject Communities? Libertarianism Actually Strengthens Them
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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Low Time Preference Leads to Civilization
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 the West Is Giving Up on Individual Rights
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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Cowardice, Not Courage, Led House Republicans to Side with the Democrats
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 FBI and CIA Are Enemies of the American People
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 Homo Economicus Myth
Among the larger albatrosses burdening the economics profession is the idea of Homo economicus. To this day, most economics undergraduates hear about it in the context of neoclassical economics. Homo economicus, we are told, is the ideal economic man who always seeks to maximize profits and minimize costs. He only acts “rationally,” and rationalism is defined as, well, always seeking to maximize profits and minimize costs. Even worse, “profit” is...
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How State-Sponsored Universities Distort Campus Activism
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
Many libertarians hold the view that state coercion is wrong, regardless of the ends to which that coercion is deployed. It is wrong for the state to force people apart in an apartheid system, and it is also wrong for the state to force people to engage in “inclusivity” under systems of equity and diversity which force people into contractual relations against their will for example in the context of employment or housing. This is what Lew Rockwell...
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Public Schools and the State’s Omnipotent Bayonet
From everything I read you would think we were incapable of solving social problems.In truth, we find matters only getting worse because the proposed solutions almost always involve the culprit—the state—taking more control over our lives.The state is a box we desperately need to think outside of if we’re ever going to establish civil relations among people. We would do well to remember that the state is absolutely not in the business of making our...
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Consumer Confidence
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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How Does the Federal Reserve Fit into Our Constitutional Order?
This article is adapted from a lecture delivered to the Federalist Society: The Federal Reserve is a fundamental problem for the Constitutional order of the American Republic. How can it be that it considered itself able to unilaterally impose permanent inflation on the country, without legislative debate or approval?The shifting theories believed by central banks are among the most important of macro-economic factors. For example, William...
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The TikTok Ban Is the Next Patriot Act
HR 7521, called the Protecting Americans from Foreign Adversary Controlled Applications Act, is a recent development in American politics. TikTok has been in the news for the past few years, after the public became aware of its connections to China. The popular social media mobile app is currently owned by ByteDance Ltd, a Chinese company. China and the United States currently have a rocky relationship, leading to fears that the Chinese government...
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On Swiss National Bank
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SNB Sight Deposits: increased by 5.2 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
Main SNB Background Info
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