Category Archive: 6b.) Mises.org

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Covid: The New, “New Deal” Revisionism Is Already Starting

2025-03-13

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2025-03-13

As a history teacher and an economist, it never ceases to amaze me at the success of certain historical myths (in this case, defined as verifiably untrue beliefs) have come to dominate popular understanding. Often it seems that no presentation of facts to the contrary of such myths are sufficient to dislodge them.Perhaps one of the most stubborn myths—and other myths related to it—is that Roosevelt’s New Deal policies brought about economic...

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The Struggle for Liberty: A Libertarian History of Political Thought

2025-03-13

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2025-03-13

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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Too Obvious to See?

2025-03-13

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2025-03-13

The Trump-Musk assassination troops going through the federal bureaucracy will eventually arrive at an oddball entity called the Federal Reserve. It is and isn’t many things, which if confusion is your sport, is part of its charm.It is an “inflation fighter” whose main purpose is creating inflation. On rare occasions a Fed member or even the Chairman will state in plain language what the Federal Reserve does—“print money”—but most people seem to...

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The Madness of Presidential Tariffs

2025-03-13

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2025-03-13

Extraordinary Popular Delusions and the Madness of Crowds is an early study of crowd psychology by Scottish journalist Charles Mackay, first published in 1841 under the title Memoirs of Extraordinary Popular Delusions. The book was published in three volumes: “National Delusions”, “Peculiar Follies,” and “Philosophical Delusions.”The first three chapters address economic events to include:The Mississippi SchemeThe South Sea BubbleThe Tulip ManiaThe...

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Empire as the Price of Bureaucracy

2025-03-12

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2025-03-12

William F. Buckley, Jr. wrote in 1952, “We have to accept Big Government for the duration [of the Cold War]—for neither an offensive nor a defensive war can be waged . . . except through the instrument of a totalitarian bureaucracy within our shores.” Since, the conservative establishment has sacrificed the nation at the altar of defeating the latest boogeyman abroad. They have accepted bureaucracy in place of markets, technocracy in place of...

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Who Gets the Blame for the Upcoming Recession?

2025-03-12

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2025-03-12

Over the weekend, President Trump made headlines for refusing, on two occasions, to rule out the possibility that the US will experience a recession this year. The comments came days after the Atlanta Fed announced it now projects GDP to fall by nearly three percent in the first quarter of this year.Those developments, paired with the recent stock market decline set off by the market’s reaction to Trump’s tariff plans, have many political opponents...

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Tho Bishop on Trump, Tariffs, and America’s Rigged Economy

2025-03-12

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2025-03-12

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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Who Gets the Blame for the Upcoming Recession?

2025-03-12

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2025-03-12

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 to State Secession Movements

2025-03-12

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2025-03-12

Episode 2604 of The Tom Woods Show released on February 8, 2025, entitled, “Is the U.S. Headed for Breakup (in the Long Run)?” interviewed Ryan McMaken, Senior Editor of The Mises Institute. The main topic was the breakup of the United States in the long run, also called secession.One type of secession active in 2025 is when one or more rural counties seek to secede from the current state to join a neighboring state. Many residents of the seceding...

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Are Economic Progress and Cultural Values Mutually Exclusive?

2025-03-11

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2025-03-11

Economic progress is sometimes seen as inimical to the bonds of “family, faith, and flag” that many people value. Many place such a high priority on their way of life within their own neighborhoods or communities, that losing their traditional cultural values in exchange for economic progress may not be a price they would wish to pay. This is poignantly expressed by John Slaughter, in his article “How Does it Profit the South,” as “a tinge of...

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Spending Cuts Won’t Weaken the US Economy. They Will Strengthen It.

2025-03-11

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2025-03-11

The Federal Reserve Bank of Atlanta’s GDPNow model projection for real GDP growth in the first quarter of 2025 (Q1 2025) is now showing a slump to -1.5 percent. This marks a significant downward revision from the previous estimate of 2.3 percent on February 19, 2025.Such an enormous decline is strange. How did we go from +2.3 percent to -1.5 percent in less than a month? That kind of collapse in an economy as large as the United States is...

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Foreign Aid, Reparations, and Economic Growth

2025-03-11

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2025-03-11

David Lammy, the UK’s Foreign Secretary, has lent his voice to the growing call for reparations for former colonies in the British West Indies. Advocates argue that financial compensation would provide a much-needed economic boost to these nations, helping them overcome the burden of low economic growth. However, this view is fundamentally flawed. Akin to foreign aid, reparations are unlikely to catalyze genuine economic development. Decades of...

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Why the Government’s Gold Reserve Is a Bad Thing

2025-03-11

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2025-03-11

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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Five Years Later, We Remember How Politicians Unleashed Covid Tyranny

2025-03-11

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2025-03-11

Five years ago, politicians and bureaucrats went berserk and pointlessly ravaged Americans’ freedom. The Covid-19 pandemic provided the pretext to destroy hundreds of thousands of businesses, padlock churches, close down schools, and effectively place hundreds of millions of Americans under house arrest. Despite all the forced sacrifices, most Americans contracted covid and more than a million were listed as dying from the virus.“Pandemic Security...

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Is Amazon a Union-Busting Leviathan?

2025-03-01

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2025-03-01

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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Say “No” to Nuclear Power Interventions

2025-03-01

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2025-03-01

An August 17, 2024 article, at oilprice.com, entitled, “A New Era for Nuclear Power in the US” describes US government funding and intervening to reopen closed or closing nuclear power electric generating plants (nuclear) to support their green transition policies from the 2022 Inflation Reduction Act (IRA).The IRA provides $6 billion financial support to nuclear power plants at risk of closure—$1.2 billion per year from FY2022 through FY2026. The...

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Tariff Increases vs. Tax Cuts

2025-03-01

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2025-03-01

News feeds are stuffed full of reports and opinions about President Trump’s tariff increases on Mexico, Canada, China, and the EU. Then the add-on story is about the tax cut legislation—extending President Trump’s tax cuts to the coming years.The media is spinning the story as a political hot potato: can tariff increases make up for the future revenue losses from extending the income tax reductions from President Trump’s first term?This is a false...

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Egalitarian Interventionists: Why Politicians Love “Equality”

2025-02-28

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2025-02-28

It is difficult to find a seemingly more unobjectionable term that “equality” is the modern West and America. Equality is often understood to be an unqualified good and part of the American creed: “all men are created equal.”The main reasons politicians love “equality” are because it is supposedly unquestionable in its obvious justice, slippery in definition, and unachievable. Consider the shifting definitions. “Equality” can mean equality before...

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Trump’s Slush Fund

2025-02-28

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2025-02-28

In his February 3 Executive Order, President Trump directed his minions to begin planning for establishment of a “Sovereign Wealth Fund” that he originally touted in a speech to the Economic Club of New York last September. The fund would be on the order of $2 trillion, investing in things like manufacturing hubs, defense, and medical research. The order states:It is the policy of the United States to maximize the stewardship of our national wealth...

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Radical Reconstruction and State Omnipotence

2025-02-28

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2025-02-28

In his book Omnipotent Government, Ludwig von Mises traces the shift in Europe from individualism to state omnipotence, highlighting the disastrous effects of empowering government to run every aspect of social and economic life:Men now seem eager to vest all powers in governments, i.e., in the apparatus of social compulsion and coercion. They aim at totalitarianism, that is, conditions in which all human affairs are managed by governments. They...

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