Category Archive: 6b.) Mises.org

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Birthright Citizenship Is as Constitutional as Roe v. Wade

2025-02-14

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2025-02-14

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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Unpacking the Document that Spells Out Trump’s Tariff Strategy

2025-02-14

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2025-02-14

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 Technological Revolution

2025-02-14

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2025-02-14

The technological revolution—spearheaded by advances in robotics and generative artificial intelligence (AI)—is poised to reshape industries, redefine job roles, and challenge traditional labor markets. While the disruptive potential of these innovations raises concerns about widespread job displacement, the evidence suggests a more nuanced reality: these technologies can complement human labor, create new job opportunities, and enhance...

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Robert Paul Wolff on Anarchism

2025-02-14

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2025-02-14

The death last month of the philosopher Robert Paul Wolff is a fitting occasion to call to the attention of libertarians, and particularly libertarian anarchists, his short book In Defense of Anarchism, originally published in 1970 and issued in a revised edition in 1976. In the book, Wolff argues that the state is illegitimate.To understand his argument, we first need to know what he means by a state. He holds that “the state is a group of persons...

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The Fed Has Its Eyes on Stablecoin

2025-02-14

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2025-02-14

With Central Bank Digital Currency (CBDC) banned by executive order, the Fed may have more incentive to explore alternatives in the cryptocurrency market. This week, Fed Governor Christopher J. Waller gave a speech titled: Reflections on a Maturing Stablecoin Market, sharing his thoughts on the potential role of the Federal Reserve in the private stablecoin market.According to the Governor:For the purposes of this speech, I define stablecoins as a...

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Populism and Classical Liberalism: Is There an Intersection?

2025-02-14

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2025-02-14

I write here to offer a teaser for a video on populism and classical liberalism, a lecture which I gave for the Bruno Leoni Institute in Milan. I redid the lecture on my own, and the recording has been graciously posted by Glenn Diesen:YouTube link: https://www.youtube.com/watch?v=MMMqrwZISjYThe slide-deck, which contains links, is here.Here are some points and slides from the lecture. I hope you find the video instructive!The deep state and its...

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Using Your Tax Dollars to Support Terrorists and Nazis

2025-02-13

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2025-02-13

This is not a joke. This is not hyperbole. This is not clever framing and not a fringe conspiracy. This is a verifiable reality that many Americans do not know, but ought to know, especially as they cheer on US foreign policy actions that morally undermine everything America stands for.World War II and 9/11 are often given as decisive and conclusive historical examples that justify US foreign policy: We had to fight the Nazis and we had to fight...

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Happy Worst President’s Day

2025-02-13

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2025-02-13

A 64-year-old woman with deep family roots in Alabama recently said to me that she was taught in Alabama public school that Abraham Lincoln was “the best president ever.” That would be a good example of the consequences of what the New England Yankee conquerors labeled “reconstruction.” The truth is that Lincoln was by far the worst president in American history. He was certainly the most “reviled” (by the people of the North during his lifetime),...

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Why They Really Hate Elon Musk

2025-02-13

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2025-02-13

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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Might Does Not Make Right: A Libertarian Perspective

2025-02-13

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2025-02-13

The common phrase “Might does not make right” resonates as a universal principle as it neatly relates the idea that being powerful does not inherently make one’s actions just. Most people intuitively agree with this concept. Indeed, suggesting otherwise would likely provoke suspicion and, if acted upon, condemnation. A person who justifies their actions solely on their power or strength would be seen as a bad actor and avoided by others.Yet this...

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The Effect of Westward Expansion on US Citizenship

2025-02-13

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2025-02-13

Yesterday in Mises Wire I looked at how citizenship in the United States was originally determined by the member states themselves. There was no definition of citizenship in either the original US constitution (i.e., the Articles of Confederation) on in the later 1787 constitution. Thus, the way to “US citizenship,” to the degree that it existed at all, was to become a citizen of one of the US’s member states.A problem with this situation quickly...

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Help Us Publish These Two Books!

2025-02-13

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2025-02-13

Please consider helping us publish these new books. Every donor of $500 or more will be listed in both books as a Patron. To become a Patron, click here. The deadline to be included is March 5.Freedom in One Lesson: The Best of Leonard ReadEdited with commentary by Gary GallesFreedom in One Lesson is an extensive collection of Leonard Read’s best, most powerful sustained arguments on behalf of liberty.Over ninety-seven short chapters, Gary Galles...

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Is There a Trump Doctrine in Foreign Policy?

2025-02-13

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2025-02-13

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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German “Democracy”: The Regime Bans Political Parties It Doesn’t Like

2025-02-13

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2025-02-13

In democracies, parties are supposed to rise and fall at the ballot box. However, in Germany a provision of the postwar constitution allows for political parties to be banned if they are deemed a “threat to democracy.” This unique constitutional mechanism has been used only twice, first against the Socialist Reich Party (SRP) in 1952 and later against the Communist Party of Germany (KPD) in 1956. Today, this legal tool is once again at the center...

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Don’t Save the Kennedy Center. Cut Off All Federal Funds.

2025-02-13

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2025-02-13

President Donald Trump has the opportunity to do de-fund one of the most useless and most propagandistic institutions that is kept alive by the sweat of taxpayers: The Kennedy Center for the Performing Arts. The Kennedy center is nothing but a playground for the wealthy and their friends in various entertainment industries.Unfortunately, Trump has apparently decided that while he tries to slash budgets from other areas, he’s going to keep throwing...

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The Empire Strikes Back

2025-02-12

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2025-02-12

The editors of the New York Times still are in shock. Less than eight months ago, the newspaper’s editorial board triumphantly published an editorial entitled, “Donald Trump, Felon.” Despite the fact that New York City’s district attorney Alvin Bragg was relying on untested legal theories, and despite the fact that the trial itself resembled a tag team effort between the prosecutor and Judge Juan Merchan—a partisan Democrat—the NYT solemnly assured...

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Should Central Banks Accommodate Increases in Demand for Money?

2024-12-23

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2024-12-23

Could an increase in the demand for money counteract the effect of an increase in the money supply? For example, if there were an increase in the supply of apples by ten and, simultaneously, an increase in the demand for ten apples, this would be completely absorbed. In other words, after individuals have satisfied their demand for ten apples, zero apples would be left.Following this logic, it would appear that the increase in the supply of money...

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Is the Fed Loosening or Tightening? It’s Complicated.

2024-12-22

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2024-12-22

Since September, Jerome Powell’s Federal Reserve System has been cutting rates as if a financial crisis were looming. Just as in 2006, Powell raised the federal funds rate to 5.25 percent in the summer of 2023 and left it there until September of the following year. This past September, he cut rates by 50 percent in September and by 25 more basis points at the following Fed meeting just as Fed Chairman Ben Bernanke did starting in September 2007....

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Is the Fed Loosening or Tightening and What Will It Do Next?

2024-12-22

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2024-12-22

Since September, Jerome Powell’s Federal Reserve System has been cutting rates as if a financial crisis were looming. Just as in 2006, Powell raised the federal funds rate to 5.25 percent in the summer of 2023 and left it there until September of the following year. This past September, he cut rates by 50 percent in September and by 25 more basis points at the following Fed meeting just as Fed Chairman Ben Bernanke did starting in September 2007....

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A Message from Tom DiLorenzo

2024-12-22

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2024-12-22

No ideas are more powerful to the cause of freedom than the truth about economics, which is at the heart of the Misesian and Rothbardian traditions. Our mission for the past forty-two years has been to spread these truths as far and wide as possible. We would be much farther down the road to serfdom without the Mises Institute.For several decades, I have considered the Mises Institute my Mecca. Every year, I made a pilgrimage to Auburn to spend a...

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