Category Archive: 6b.) Mises.org

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What “Capitalism” Really Means

2020-12-14

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2020-12-14

Descriptive terms which people use are often quite misleading. In talking about modern captains of industry and leaders of big business, for instance, they call a man a "chocolate king" or a "cotton king" or an "automobile king."

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New Lockdowns and More Regulations Are Disastrous for US Jobs

2020-12-13

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2020-12-13

United States jobless claims have picked up, since the elections and the second wave of coronavirus have slowed down the economic recovery. Uncertainty about tax increases and changes in labor laws, including an increase in the minimum wage, add to the fear of new lockdowns, as employers see the devastating effects of these lockdowns in European employment.

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Why the Electoral College Matters

2020-12-13

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2020-12-13

We begin to understand the electoral college when we admit the United States is really supposed to be a collection of member states, and not a single unified nation. Abolishing the EC is likely to worsen national conflict and disunity.

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The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century

2020-12-12

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2020-12-12

The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Centuryby Mark ThorntonAuburn, Ala.: Ludwig von Mises Institute, 2018. Michael Novak ([email protected]) is a Ph.D. student in entrepreneurship at Oklahoma State University. He also holds an MBA from the University of Wisconsin-Whitewater.

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Central Banks Put Wind at Bitcoin’s Back

2020-12-11

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2020-12-11

“Russia, Russia, Russia,” the current president used to sarcastically chastise opponents for wondering about 2016 election tinkering from Putin’s principality. Recent MAGA rallies featured “Covid, covid, covid,” with President Trump complaining that the press could think of nothing else.

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Escaping Paternalism

2020-12-10

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2020-12-10

Some economists, such as the 2017 Nobel Laureate Richard Thaler and his colleague Cass Sunstein, have proposed an unusual justification for government interference with people’s choices. They do not intend, they say, to override the preferences that people have. They don’t want to tell people what they “should” want, according to an external standard that people don’t accept.

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Climate Change Policy Isn’t Worth Its High Cost

2020-12-09

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2020-12-09

Audio Mises Wire
In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.

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Introduction to the Entrepreneurship Special Issue

2020-12-09

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2020-12-09

The Austrian school of economics has been all but left by the wayside in economics (e.g., Backhouse 2000). This fate, shared with all “heterodox” approaches that do not fully comply with mainstream dogma, means Austrian theory is at best discounted by other economists. More often, and typically, it is forgotten and a relic of the past.

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Murray N. Rothbard: Der freie Markt. Ein Segen, kein Fluch (Mises Karma 59)

2020-12-07

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Ein Auszug aus dem Kapitel „Back to the Jungle?“ aus dem Buch „Man, Economy, and State“ aus dem Jahre 1962 von Murray N. Rothbard. Aus dem Englischen übersetzt von Vincent Steinberg.

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Why GOP Loyalists and Candidates Keep Moving Left | Ryan McMaken

2020-12-07

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Unless the Left's opponents focus on changing voters' ideological drift to the left, candidates who want to actually win elections will have to keep moving left also.

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Why Commies Hate Your Thanksgiving Dinner

2020-12-04

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2020-12-04

Audio Mises Wire
In 1923 Lenin released a propaganda pamphlet titled Down with the Private Kitchen. It explained how private dinners with one's family are reactionary, bourgeois, and generally something requiring total destruction.

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Double Your Gift Today!

2020-12-03

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2020-12-03

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match all donations received through December 7. That means your $10 donation becomes $20, your $25 donation becomes $50, and so on.

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When Governments Confiscate Wealth to Fund Government Programs

2020-12-02

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2020-12-02

The entrepreneurs try to undertake only such projects as appear to promise profits. This means that they endeavor to use the scarce means of production in such a way that the most urgent needs will be satisfied first, and that no part of capital and labor will be devoted to the satisfaction of less urgent needs as long as a more urgent need, for whose satisfaction they could be used, goes unsatisfied.

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Why Commies Hate Your Thanksgiving Dinner | Ryan McMaken

2020-12-02

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In 1923 Lenin released a propaganda pamphlet titled *Down with the Private Kitchen*. It explained how private dinners with one's family are reactionary, bourgeois, and generally something requiring total destruction.

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In October, Money Supply Growth Remained Near All-Time Highs

2020-12-02

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2020-12-02

M2 and TMS/Rothbard-Salerno Measure, 1998-2019
In October, money supply growth fell slightly from September's all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago. October's easing in money-supply growth comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.

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Covid Is Just the Latest Excuse for Canada’s Politicians to Violate the Constitution

2020-11-30

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2020-11-30

In terms of their widespread application and rapid implementation, covid-19 policies have been the most egregious violations of Canada’s constitution, ever. But my opinion doesn’t matter, because judges are the only people allowed to interpret the constitution—a convenient arrangement for the government.

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Ramon Ray’s Entrepreneurial Communities

2020-11-29

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2020-11-29

“Small business” is just a government classification. Entrepreneurial businesses serving well-defined communities via creative specialization exhibit enormous economic productivity, energy and dynamism. Such businesses can not be defined quantitatively as small, medium or large. They’re defined by their qualitative impact on their customers’ lives. 

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2021 Would Be a Great Time to Audit the Fed

2020-11-28

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2020-11-28

Gone are the days of the Federal Reserve hiding in the shadows. Now it’s a woke central bank fighting for climate and racial justice. Progressives must not fall for this but instead team up with the populist right to audit the Fed and demand transparency.

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Inflation and the French Revolution: The Story of a Monetary Catastrophe

2020-11-27

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2020-11-27

As in so much else, the French revolutionary regime (1789–94) was the precursor of the centralized, totalitarian, managerial, pseudo-democratic despotisms that now reign over the West. It is also reminder that mass democracy and inflation go together, as surely as thunder and lightning. Let us revisit the Revolution, from a free-market, hard-money perspective.

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The Dystopian “Fourth Industrial Revolution” Will Be Very Different from the First One

2020-11-26

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2020-11-26

Klaus Schwab of the World Economic Forum has big plans for a "sustainable" future. Most of it involves the destruction of markets and basic human rights.

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