Category Archive: 6b.) Mises.org

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“Personnel Is Policy” Means the Rule of Law Is Dying

2024-12-16

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2024-12-16

President-elect Donald Trump’s announced cabinet and White House staff appointments for his next administration have attracted praise from supporters, outrage from opponents, and even criticism from libertarian podcasters like Ron Paul and Radio Rothbard hosts Ryan McMaken and Tho Bishop regarding Trump’s hawkish national security picks. Everyone agrees that “personnel is policy” though, meaning that the outspoken policy preferences of many of...

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How Germany Destroyed Its Economy, and How to Fix It

2024-12-16

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2024-12-16

The German economy was once a global industrial powerhouse, showing a strong resilience in times of crisis as well as significant productive growth in periods of expansion.Germany displayed robust industrial activity, solid productivity, and enviably low unemployment levels, which added to real high wages. However, in the past five years the economy has stagnated, and its GDP is 5% smaller than the pre-pandemic growth trend suggested, according to...

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Subjective Valuation Versus Arbitrary Valuation

2024-12-15

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2024-12-15

Many assume an individual’s valuation scale, which is in his head, determines his choices. The decision to buy or not to buy a particular good is subjective valuation. Since the buying of goods is not linked to any particular goal, this buying is of a random nature. From this it may appear that subjective valuations are of an arbitrary nature. But is this the case?According to Murray Rothbard, valuations do not exist independently. Valuations are...

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Your Kids Are Already Communist, and College Will Make It Worse

2024-12-15

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2024-12-15

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 Context Behind Donald Trump’s “Takeover” of the American Right

2024-12-15

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2024-12-15

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 Battle on Lake Geneva—Mises vs. the Statists at Mont Pelerin

2024-12-15

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2024-12-15

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 Complex Legacy of George Orwell

2024-12-15

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2024-12-15

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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Wanted: Critics of Austrian Economics

2024-12-15

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2024-12-15

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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Assumptions in Economics and in the Real World

2024-12-15

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2024-12-15

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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Totalitarianism Begins with a Denial of Economics

2024-12-15

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2024-12-15

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 Corrupt Nature of DEI

2024-12-15

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2024-12-15

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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Legalizing Drugs: How to Make America Great Again

2024-12-14

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2024-12-14

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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Nein, Mr. Gujer, Germany Should Not Raise its Debt Limit

2024-12-14

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2024-12-14

The decayed and degraded state of German infrastructure has prompted Eric Gujer to publish an opinion piece in the Neue Zürcher Zeitung (NZZ) in which he advocates for a compromise between conservatives (increase the debt limit and thereby free up funds for renovations), progressives (reform social spending), and the government (reduce subsidies). Should Germany fail to manifest the collective willpower necessary to bring about such a political...

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Dred Scott, Politics, and the “Living” Constitution

2024-12-13

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2024-12-13

In a 2022 article titled “Will the U.S. Supreme Court ever get around to overruling the shame of Dred Scott?” the surprising proposition is advanced that the1857 Dred Scott case is “still precedent” in the United States, and that “racist lawyers and racist judges can (blatantly or discreetly) rely on it in their arguments and rulings.” Like President Biden’s Antilynching Act of 2021, we are asked to believe that the injustices of past centuries are...

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Real Democracy Can Only Be Freedom

2024-12-13

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2024-12-13

With the advent of representative democracy over a century ago in most of the West, the popular belief was that the “rule of the few” would be relegated to the dustbin of history. This never happened, of course, as has become clearer to the “many” over the decades. Indeed, the ruling Western oligarchy has become more visible than before, too brazen in its attempts to ram through its globalist agenda on the world.The illusion of representative...

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2025’s Federal Deficit May Be the Biggest Ever

2024-12-13

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2024-12-13

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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Trump’s Economic Policies: The Good, The Bad, and the Uncertain

2024-12-13

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2024-12-13

The US economy is ultimately driven by millions of people working hard to create and trade goods and services, but the US federal government can impact the economy in three main ways: 2) fiscal and regulatory policy: impacts production and who benefits and loses; 2) foreign policy and war: impacts production, life, and quality of life; and, 3) monetary policy: impacts inflation/deflation and boom-bust cycles.The key lesson of economic science was...

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The US Is Now on Track for a $3.5 Trillion Deficit in 2025

2024-12-13

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2024-12-13

According to the latest monthly statement from the Treasury Department, the US government spent $668 billion in November, the second month of the 2025 fiscal year. That’s in addition to October’s spending total of $584 billion, for a total of $1.25 trillion in spending so far this year. All that spending is a drain on the real economy. But it gets worse: the federal government has only collected $628 billion in revenue for the same period, meaning...

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Slavery—Cronyism, Opportunity Cost, & Deadweight Loss

2024-12-13

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2024-12-13

Slavery has existed throughout history in all places and cultures. In fact, while the American South dubbed it the “peculiar institution,” historically, voluntary-free labor is the true peculiar institution. Slave labor was not originally introduced by the political state yet, as with many things, slavery could not have had the scope or extent that it did in human history absent the coercive apparatus of the political state to uphold it. Through...

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The Missing Secret

2024-12-13

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2024-12-13

Princeton University Press released in September a new English translation of the first volume of Marx’s Capital. The editors, Paul Reitter and Paul North, tell us that the new translation is the product of five years’ labor. In this week’s column, I’d like to ask what I am sure they would regard as an impertinent question. Why have they bothered? Why do we need a new English translation of the first volume?They acknowledge that there are excellent...

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