Category Archive: 6b.) Mises.org

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Bitcoiners’ Guide to Austrian Economics

2024-12-18

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2024-12-18

Austrian economics is a scholarly tradition that consists of a body of theory that explains how an economy works. Austrian economists develop theory a priori, meaning explanations are derived logically from sound starting points (i.e., the “action axiom” to Mises). This means the theory is true and can therefore be used to uncover the actual causalities behind observable phenomena. Economics is, therefore, to “Austrians” a framework for...

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The Establishment’s “Principles” Are Fake

2024-12-18

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2024-12-18

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 Are We Doing in Syria?

2024-12-18

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2024-12-18

My first reaction to news earlier this month that the Syrian government had been overthrown was, how much did we have to do with it; how involved was the CIA; and how much is it going to cost.As with Saddam and Gaddafi before him, we know that Assad was no libertarian hero. But unleashing an army dedicated to establishing an Islamic state in once-secular Syria hardly seems like a good idea to me.As with President George W. Bush’s “Mission...

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The Establishment’s “Principles” Are Fake

2024-12-18

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2024-12-18

In the years leading up to the 2024 presidential election, the Democrats and establishment Republicans who wanted to see Joe Biden, and later Kamala Harris, remain in office went all in on one overarching narrative above all: that Donald Trump represented an existential threat to American democracy. Biden’s team and their allies in politics and media repeated this claim day after day, essentially trying to convince millions of Americans that...

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Thanksgiving Day

2024-12-18

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2024-12-18

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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Destroying Creative Destruction: The DMA against Innovation

2024-12-18

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2024-12-18

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 American Addiction to Transfer Payments

2024-12-18

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2024-12-18

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 Relevance of the Natural Sciences Methods in Economics

2024-12-18

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2024-12-18

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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Wealth and Income Inequality Are Essential for Social Cooperation

2024-12-18

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2024-12-18

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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Caplan’s Errors on the UAE and Open Borders

2024-12-18

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2024-12-18

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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“NAFTA Fever” and the Myth of Government-Created Free Markets

2024-12-18

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2024-12-18

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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Post-Election Prospects for Ending DEI

2024-12-18

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2024-12-18

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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A Reply to Shostak: Can Increases in the Gold Supply Cause a Business Cycle?

2024-12-18

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2024-12-18

Frank Shostak recently wrote that an increase in the supply of gold by itself cannot cause a boom-bust cycle as described by the Austrian Business Cycle Theory (ABCT). If that were true, then Austrians would have no explanation for booms and busts prior to central banking.Shostak cites Robert Murphy, who wrote that mined money could enter the loan market and lead to a boom. Believing Murphy is in error, Shostak counters with,Murray Rothbard...

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Review: The Sources of Russian Aggression

2024-12-18

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2024-12-18

[The Sources of Russian Aggression: Is Russia a Realist Power?, by Sumantra Maitra, Lexington Books, 2024; 205 pages]One of the unfortunate realities of the foreign policy debate in America is that few Americans are paying much attention. This general level of public ignorance makes it much easier for the American foreign policy elites to then feed the American public whatever lies suit the regime’s agenda.This has certainly been the case with the...

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What Motivates Russian War Making?

2024-12-18

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2024-12-18

[The Sources of Russian Aggression: Is Russia a Realist Power?, by Sumantra Maitra, Lexington Books, 2024; 205 pages]One of the unfortunate realities of the foreign policy debate in America is that few Americans are paying much attention. This general level of public ignorance makes it much easier for the American foreign-policy elites to then feed the American public whatever lies suit the regime’s agenda.This has certainly been the case with the...

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The Health Insurance Disaster

2024-12-17

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2024-12-17

The recent murder of Brian Thompson, the CEO of United Health Care, has led many people to claim that private health insurance is an example of what is wrong with the free market, and that we ought in consequence of its manifest failures to institute a government run single-payer system. Some ghoulish leftists went so far as to post messages on Twitter expressing joy that Thompson had been killed. The Daily Mail reports: “The assassination of...

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The Economics of Medical Waiting Rooms

2024-12-17

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2024-12-17

Americans regularly complain about wait times to obtain medical appointments, especially with primary care physicians and certain specialists. Waiting several weeks or a couple of months for an appointment is not uncommon, which can sound to Americans like purported wait times in Canada and other countries with socialized medicine. Economics and Third-Party Intervention Explain Long Waits Economic analysis of medical education explains what is...

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The Slow Motion Death of Syria

2024-12-17

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2024-12-17

On December 8, 2024, the 24-year reign of Syrian strongman Bashar al-Assad came to an end after a rebel coalition of  Al-Qaeda offshoots, Turkish proxies, and other Islamist militants overwhelmed the capital of Damascus. In effect, a Sunni Islamist saturnalia brought an end to the Middle East’s last secular Arab government. The Assad family, starting with Hafez al-Assad in 1971, has held an iron grip on Syrian politics for over five decades. As...

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De-Bamboozling the Critical Race Theory of Court Intellectuals

2024-12-16

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2024-12-16

Owing largely to a campaign led by Florida, many people are now aware of the fallacies of Critical Race Theory. In recent months, some states have banned the “divisive concepts” of CRT. For example, in Alabama it was reported that:The bill has examples of divisive concepts such as “individuals, by virtue of race, color, religion, sex, ethnicity, or national origin, are inherently responsible for actions committed in the past by other members of the...

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It’s Time to Renew Your Mises Membership

2024-12-16

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2024-12-16

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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