Category Archive: 6b.) Mises.org

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The Rise and Fall of Trussonomics

2022-11-12

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2022-11-12

On July 8 this year, UK prime minister Boris Johnson resigned as Conservative Party leader after a Cabinet revolt over a series of ethics scandals had made his position untenable. A leadership election was then set in motion to allow party members to elect the next party leader who would succeed Johnson as PM.

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Tom Malengo on Brandjectory, An Innovative New Platform for Launching and Growing Entrepreneurial Businesses

2022-11-12

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2022-11-12

A great benefit of the internet age is the capacity to accumulate, accelerate, and intensify connections between entrepreneurs, knowledge sources, investors, mentors, collaborators, and service providers. Businesses with a valid value proposition who are in the launch and early expansion phases can interconnect a network of powerful and qualified resources to support their growth.

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Nationality and Statelessness: The Kuwaiti Bidoon

2022-11-11

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2022-11-11

In his Nations by Consent, Murray Rothbard reminds us that the concept of a nation “cannot be precisely defined; it is a complex and varying constellation of different forms of communities, languages, ethnic groups, or religions.”

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“Antidemocratic” Just Means “Something the Regime Doesn’t Like.”

2022-11-11

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2022-11-11

In the old Marxist regimes, anything that displeased the ruling communist regime was said to be contrary to "the revolution." For example, in the Soviet Union, national leaders spoke regularly of how the nation was in the process of "a revolutionary transformation" toward a future idealized communist society.

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The End of World Dollar Hegemony: Turning the USA into Weimar Germany

2022-11-10

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2022-11-10

In a recent essay, I explained how over time the US abused its responsibility to control the supply of dollars, the world’s premier reserve currency for settling international trade accounts among nations. This abrogation of its duties is leading to the likely adoption of a new reserve currency, commodity based and controlled not by one nation but by members, all watchful that the currency is not inflated.

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Jeff Bezos, Charity, and Economic Well-Being: Wealth Creation Reduces Poverty

2022-11-09

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2022-11-09

Billionaire Jeff Bezos has become a target of ridicule because his ex-wife MacKenzie Scott has been doling out colossal sums to charity. Compared to Scott, Bezos’s donations are quite slim and many are painting him as stingy. But are critics misguided in how they perceive the utility of philanthropy?

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Declining Prices Do Not Destroy Wealth; They Enable Its Creation

2022-11-09

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2022-11-09

Most economists believe that a general decline in the prices of goods and services is bad news because it is associated with major economic slumps such as the Great Depression. In July 1932, the yearly growth rate of US industrial production stood at –31 percent whilst in September 1932 the yearly growth rate of the US Consumer Price Index (CPI) stood at –10.7 percent.

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Decentralized Revolution #92—Per Bylund, author of How to Think About the Economy

2022-11-09

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Per Bylund (Senior Fellow at the Mises Institute) discusses his new book How to Think About the Economy, which is perhaps the best concise introduction to the economic thought of Ludwig von Mises and the Austrian School.

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Today’s Inflation Surge Should Discredit Modern Monetary Theory Forever

2022-11-08

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2022-11-08

It’s been a rough year for advocates of Modern Monetary Theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed the honeymoon phase.

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The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages

2022-11-07

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2022-11-07

In another sign of weakness for the job market, the total number of employed persons in the United States fell, month over month, in October. That's the third time in the last seven months this total has fallen, dropping to approximately 158 million.

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Are Robots and AI Really Going to Displace All Workers? Probably Not

2022-11-07

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2022-11-07

Among the components of the World Economic Forum’s Great Reset are a drastically reduced population and the replacement of human labor with robots and artificial intelligence (AI). The question immediately comes to mind: can robots and AI really make all the stuff for the elites after they have gotten rid of the people?

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Multinational Agrichemical Corporations and the Great Food Transformation

2022-11-05

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2022-11-05

In July 2022, the Canadian government announced its intention to reduce “emissions from the application of fertilizers by 30 percent from 2020 levels by 2030.” In the previous month, the government of the Netherlands publicly stated that it would implement measures designed to lower “nitrogen pollution some areas by up to 70 percent by 2030,” in order to meet the stipulations of the European “Green Deal,” which aims to “make the EU’s climate,...

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Private versus Government Health Insurance: They Are Not the Same

2022-11-03

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2022-11-03

Insurance is a market institution—i.e., it emerged through voluntary exchange aiming at satisfying the needs of the parties involved. Private health insurance should not be mistaken for public health insurance, which constitutes an element of a state’s social policy. They differ to such a great extent that one can even claim that the latter is a contradiction of the former. This essay will show the most notable differences between them.

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Murray Rothbard versus the Progressives

2022-11-02

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2022-11-02

There has been a radical change in the social and political landscape in this country, and any person who desires the victory of liberty and the defeat of Leviathan must adjust his strategy accordingly. New times require a rethinking of old and possibly obsolete strategies.

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Can the Dollar Once Again Be Anchored by Gold? One Congressman Believes It Can

2022-11-01

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2022-11-01

On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury. The initiative clearly indicates that the increasingly inflationary US dollar is triggering efforts to get better money.

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About That Nobel: Deconstructing Banking Theories of Diamond and Dybvig

2022-10-31

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2022-10-31

Since the awarding of the Nobel Prize in economics to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, most of the media interest has, understandably, concentrated on Bernanke. Mark Thornton wrote a scathing takedown of bailout Ben, while Tyler Cowen inexplicably praised him to the skies (Cowen at least provides a good overview of some of Bernanke’s contributions, such as they are).

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Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?

2022-10-31

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2022-10-31

Mainstream economists view the economy as fickle, unstable, and always in danger of utter collapse. They see the outlook as very bleak if not for the enormous existing superstructure of government intervention, including constant stimulus of “aggregate demand.”

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Without Easy Money from the Fed, Home Prices Will Keep Falling

2022-10-30

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2022-10-30

Home price growth of the sort we’ve seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows. Home prices continued to slide in August as the economy cooled, and as the Fed hit the Pause button on quantitative easing while allowing interest rates to rise.

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Latest Recession Alarm: Money-Supply Growth Fell in September to a 37-Month Low

2022-10-30

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2022-10-30

Money supply growth fell again in September, dropping to a 37-month low. August's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent year over year, well above even the "high" levels experienced from 2009 to 2013. 

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This Is Why the Yield Curve Just Inverted, Signaling a Coming Recession

2022-10-29

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2022-10-29

In recent decades, every instance in which the economy contracted two quarters in a row has coincided with a recession. Nonetheless, the Biden Administration and the leadership at the Federal Reserve insist there is no recession now, nor is one even in the works. 

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