Category Archive: 6b.) Mises.org

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Human Rights and the Public Good

2024-02-17

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2024-02-17

Natural rights are often regarded with deep suspicion by lawyers and economists, who are wary of the wild and extravagant demands framed in the language of human rights. A good example is the United Nation’s list of fundamental human rights, which Antony Flew derides as absurd in “Could There Be Universal Natural Rights?”: “A right to social security” (Article 22) . . . “the right to . . . periodic holidays with pay” (Article 24) . . . “the right...

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The Western Ruling Elite: Its Development and Its Betrayal

2024-02-17

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2024-02-17

The Western ruling elite has become oligarchic in nature; its political and economic influence is disproportionate and even harmful to society. It is necessary, therefore, to review its historical evolution and expose its current goals. Firstly, it must be recognized that it is natural and necessary for society to have an elite.

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Austrian Economics Research Conference 2024

2024-02-17

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2024-02-17

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. 2024 marks the 50th anniversary of the South Royalton Austrian Economics Conference.

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Murphy Gives Post-Game Analysis of ZeroHedge Dollar Debate

2024-02-16

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2024-02-16

On February 13, 2024, Bob participated (with Jim Rickards, Brent Johnson, and Michael Every) in a ZeroHedge debate on the fate of the USD. In this episode of the Human Action podcast, Bob highlights some of the key issues and explains why he thinks his side won. Murphy Gives Post-Game Analysis of ZeroHedge Dollar Debate Video of Murphy Gives Post-Game Analysis of ZeroHedge Dollar Debate The ZeroHedge...

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Government Schools Are Propaganda Machines

2024-02-16

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2024-02-16

In Artis Shepherd’s recent article, which I highly recommend, he aptly detailed the numerous benefits of homeschooling and data showing that homeschooled students—far from being socially stunted, academically insular young people—are actually generally high-achieving, socially adroit young adults ready to provide value in the world. Thus, in this commentary, I want to address a common argument against homeschooling: namely, that homeschooling is a...

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The Federal Mega-Debt is Here to Stay

2024-02-16

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2024-02-16

US fiscal realities are well known. Total federal debt outstanding has now reached $34 trillion, up from $98 billion in 1981, $5.67 trillion in 2000, $13.56 trillion in 2010, and $26.95 trillion in 2020. And at 120 percent of the US economy’s productive capacity (gross domestic product), the federal debt matches that at the end of World War II. That $34 trillion, when spelled out, is the number thirty-four followed by twelve (count ’em) zeros...

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How the US Regime Subsidizes Immigration—both Legal and Illegal

2024-02-16

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2024-02-16

In recent months, stories from both the legacy media and the independent media have continued to pile up on how undocumented foreign nationals—also known as "migrants" and "illegal aliens"—are able to take advantage of a vast network of taxpayer funded benefits in daycare, medical care, housing, and more. 

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There Is Successful Governance Outside of State Power

2024-02-15

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2024-02-15

Government and state are terms typically used synonymously these days. But if a state is an institution with a monopoly on the allowable use of aggression in a given territory, is a government always this as well? We know governing is needed in lots of private non-monopoly-wielding institutions, from large manufacturing corporations to local tennis clubs.

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America’s Growing Banking Crisis

2024-02-15

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2024-02-15

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Doug French to discuss the health of US banks, the specific dangers of commercial real estate debt, and the risks of industry consolidation.

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GDP is a Poor Measure of Economic Health

2024-02-15

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2024-02-15

Gross domestic product (GDP) is the most common measure of national wealth and economic growth. Yet the layman—and even many businessmen and economists—is taken aback when mainstream commentators and professionals get very excited about changes to GDP, which seem to have little to no impact on real economic conditions.

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Are We Really All in This Together?

2024-02-14

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2024-02-14

Whenever governing elites create a new crisis, they insist that “we're all in this together.” It’s time to ignore their lies altogether. Original Article: Are We Really All in This Together?

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Climate Deniers Deny Socialism. That’s Why the Regime Hates Them.

2024-02-14

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2024-02-14

So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants. Original Article: Climate Deniers Deny Socialism. That's Why the Regime Hates Them.

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Washington’s Planned Theft of Credit Card Benefits

2024-02-14

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2024-02-14

Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well. Original Article: Washington’s Planned Theft of Credit Card Benefits

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A Short History of the Right to Self-Determination

2024-02-14

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2024-02-14

Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide.  Original Article: A Short History of the Right to Self-Determination

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Does the Balance of Payments Determine Exchange Rates?

2024-02-14

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2024-02-14

It is a common belief that a key factor in determining the currency exchange rate is the balance of payments. An increase in imports increases the demand for foreign currency. To obtain the foreign currency, importers buy it using domestic currency, which strengthens the exchange rate of the foreign currency against domestic money. Conversely, an increase in exports, in which exporters exchange their foreign currency earnings for domestic currency,...

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How Governor Whitmer Doomed Detroit Autoworkers

2024-02-14

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2024-02-14

The new year started out on a painful note for autoworkers building electric vehicles (EVs). In the last month, thousands of workers have been laid off from General Motors (GM) and Ford plants in Michigan. Most workers involved were, or were slated to be, working on electric versions of each brand’s signature trucks—the Chevy Silverado EV and Ford F-150 Lightning. The latter has been available for purchase since 2022, with the Silverado EV set to...

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Lincoln Dissected

2024-02-13

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2024-02-13

Thomas DiLorenzo, the President of the Mises Institute, has already reviewed Paul C. Graham’s Nonsense on Stilts: The Gettysburg Address and Lincoln’s Imaginary Nation (Shotwell Publishing 2024) in characteristically excellent fashion, but the book is so insightful that some further comments are warranted.

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Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?

2024-02-13

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2024-02-13

It is a running gag among the pro-Taiwan camp that if you were to ask ordinary folks about Taiwan five years earlier, most could not locate Taiwan on a map. At the time, matters relating to China were mainly debates about Donald Trump’s protectionist stance, as relations between Taiwan and China didn’t receive the attention many would warrant in the face of a potential war.

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The “New” South Africa Is Now a Newly-Failed State: Don’t Look for Things to Improve

2024-02-13

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2024-02-13

Recently, South Africa evoked opposition in some quarters by bringing a case against Israel to the International Court of Justice on the account that the latter is perpetuating genocide against Palestinians. Israel’s response to the terror of Hamas has been widely denounced by the mainstream press, but irrespective of the legitimacy of South Africa’s claims, this matter has brought South Africa to the forefront of public discourse, and as such, an...

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The Myth of the Unchanging Value of Gold

2024-02-12

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2024-02-12

According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on money and banking. “[M]oney ... is used to measure value in the economy,” he claims. “We measure the value of goods and services in terms of money, just as we measure weight in terms of pounds and distance in terms of...

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