Category Archive: 6b.) Mises.org

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War and Inflation

2024-07-06

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2024-07-06

[This talk was delivered at the Future of Freedom Foundation‘s conference on “Restoring the Republic: Foreign Policy and Civil Liberties,” on June 6, 2008, in Reston, Virginia.]The US central bank, called the Federal Reserve, was created in 1913. No one promoted this institution with the slogan that it would make wars more likely and guarantee that nearly half a million Americans will die in battle in foreign lands, along with millions of foreign...

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The State of US Real Estate Is Not Good

2024-07-06

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2024-07-06

The Home BuyersAs reported by ZeroHedge recently, the NAR U.S. Pending Home Sales Index dropped 2.1 percent MoM in May, down 6.6 percent YoY.To put these numbers into perspective, the current index is at 70.8, or 70.8 percent of the contract activity in the base year 2001. This is lower than any point during the 2008 financial crisis; even lower than 2020, when lockdowns brought markets to a screeching halt. This is the lowest level of contract...

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Praxeology and Animals

2024-07-06

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2024-07-06

Many academic fields are devoted to reconstructing reality, to make reality fit their socialist ideals better. Those who wish to reconstruct reality argue, for example, that there is no reason why some animals should be regarded as “wild.” They argue that we should seek “new ways to think and act in a world dominated everywhere by human power and activity” and that there is no reason to exclude the animal world from that enterprise. Instead, “we...

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Public Goods, Government Transfers, and Lawsuits for Clean Air and Climate Mitigation

2024-07-06

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2024-07-06

Since the 1930s New Deal and the 1960s Great Society, the US federal budget has shifted from providing pubic goods to distributing transfers (in the form of both spending and lending) to favored groups, a continually metastasizing shift that has now created a federal budgetary and debt crisis. It has also allowed politicians to perfect the fine art of buying votes by awarding federal transfers to select voter groups as a means to winning...

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July 4th Regrets

2024-07-06

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2024-07-06

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 If Public Schools Were Abolished?

2024-07-05

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2024-07-05

In American culture, public schools are praised in public and criticized in private, which is roughly the opposite of how we tend to treat large-scale enterprises like Walmart. In public, everyone says that Walmart is awful, filled with shoddy foreign products and exploiting workers. But in private, we buy the well-priced, quality goods, and long lines of people hope to be hired.Why is this? It has something to do with the fact that public schools...

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Tackling More of Robert Reich’s ‘Economic Myths’

2024-07-05

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2024-07-05

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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Milei Snubs the Spanish Political Establishment

2024-07-05

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2024-07-05

Argentinian president Javier Milei recently snubbed the Spanish political class by visiting Spain and refusing to meet with any government officials, attending a rally of the opposition party Vox, and insinuating that the socialist Spanish president’s wife—currently at the heart of an anticorruption case—was corrupt. In retaliation, the Spanish president recalled his country’s ambassador from Buenos Aires.Now none of this will interest those who...

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Argument by Fiat

2024-07-05

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2024-07-05

The economist and social critic Glenn C. Loury has written a book sure to attract attention, but in what follows, I don’t propose to address what is likely to be the principal source of that attention. In Late Admissions: Confessions of a Black Conservative (W.W. Norton, 2024), Loury has offered an account of his life that reads like a romantic thriller. Readers in search of salacious gossip will find it in abundance. It transpires, for example,...

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Bureaucracy: The Death Knell of Higher Education

2024-07-05

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2024-07-05

Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.If you are following any news in higher education, you are probably aware of the continued closures of many small colleges and universities. This has picked up as of late—almost to one small college a week—and comes as covid-19 relief money dries up, along with rising costs that are no longer covered by...

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Everything You Love You Owe to Capitalism

2024-07-04

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2024-07-04

Editors Note: This week, we are celebrating Lew Rockwell’s 80th Birthday and the debut of our trailer for Playing With Fire: Money, Banking, and the Federal Reserve. Click here to learn more.I’m sure that you have had this experience before, or something similar to it. You are sitting at lunch in a nice restaurant or perhaps a hotel. Waiters are coming and going. The food is fantastic. The conversation about all things is going well. You talk about...

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Hot Take: America’s Revolution Was Great

2024-07-04

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2024-07-04

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 SCOTUS Chevron Decision: Pros and Cons

2024-07-04

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2024-07-04

Many people who appreciate free markets are hailing the recent Chevron decision. Striking down Chevron curtails the powers of many officials in regulatory agencies, but how does this really affect entrepreneurs and markets? There are two important things to note here. First, striking down Chevron didn’t remove any regulations from US industry, this ruling transferred powers to interpret regulatory rules. Second, there are two sides to regulatory...

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The Debate Should Be a Wake-Up Call For Americans

2024-07-04

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2024-07-04

There were plenty of surprises in last week’s presidential debate. For one, Americans who rely on the mainstream media for their news learned that they had been lied to for the past three years about President Biden’s capability to do the job he was elected to do.The realization that the media has been lying for years about Biden is a positive development, as, hopefully, thoughtful Americans might begin wondering what else the media has been lying...

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The Absurdity of “Open Borders”

2024-07-04

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2024-07-04

Some libertarians argue that libertarianism requires support for “open borders,” but this is a mistake. “Open borders” is the view in the existing world of states, the state ought to admit as many people who want to come to the United States as possible. Of course, you don’t have the right to occupy property that is privately owned. But much of the property in the United States is “public,” which means that it is up to those who run the state to...

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The ATF Has Resumed Openly Murdering Americans

2024-07-04

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2024-07-04

Many people who know anything about the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE, or ATF for short) will know they started off as a “harmless” tax collecting agency that eventually turned into a law enforcement agency in its own right. In other words, they evolved from a bunch of glorified robbers with mechanical calculators and spreadsheets into a gang of violent thugs with guns and badges. This transformation became obvious to...

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Freedom of Association

2024-07-03

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2024-07-03

Editors Note: This week, we are celebrating Lew Rockwell’s 80th Birthday and the debut of our trailer for Playing With Fire: Money, Banking, and the Federal Reserve. Click here to learn more.It seems incredible that in the last days, a fundamental right of the whole of humanity, the freedom of association, has been denounced by the New York Times and all major opinion sources, even as a national political figure was reluctant to defend his own...

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The State Does Not Create Value-Enhancing Jobs

2024-07-03

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2024-07-03

For quite a considerable amount of time, the topics of job creation and unemployment have been central to every political campaign in almost every country. It hasn’t been without good reason, either, since job security is one of the most important factors in someone’s career. Therefore, a candidate who can promise to create more jobs and sustain job growth would appear on paper to be the better candidate. However, there are few policies that...

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Defending Gaza (II): Israel Indicted, Palestinians Validated In Fact, Law & Hoppean Argumentation

2024-07-03

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2024-07-03

Israel is engaged in the mother of all performative contradictions: denying genocide, while committing genocide, all the while demanding the right to genocide.The Jewish State is genocidal not because it has been denounced as “genocidal” by ostensible “antisemites” and “terrorist sympathizers,” but by virtue of its actions. Israel is genocidal by virtue of what it has done to Gaza, the people and their land.Shortly after October 7, 2023,...

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Full Reserve Banking versus the Real Bills Doctrine

2024-07-03

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2024-07-03

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 »