Category Archive: 6b.) Mises.org

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Warren Buffett, Dave Ramsey, and John Maynard Keynes are Wrong!

2024-10-01

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2024-10-01

Hello and welcome to another episode of the Minor Issues podcast. I’m Mark Thornton at the Mises Institute.We have kicked off the Fall Campaign at the Mises Institute. I humbly request that you make a small donation in the name of this podcast using the link in the show notes. It would mean a great deal to me. For every $100 or more donation, or recurring donation of $5 or more, using this link, I will send you a signed copy of my Skyscraper Curse...

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National Socialism Was Socialist

2024-10-01

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2024-10-01

These days, supporters of President Trump and others on the right are often smeared as “fascists,” and what is meant by this is that they support the Nazis. For example, the historian Ruth Ben-Ghiat says: “To get people to lose their aversion to violence, savvy authoritarians also dehumanize their enemies. That’s what Trump is doing. Hitler used this ploy from the very start, calling Jews the ‘black parasites of the nation’ in a 1920 speech. By the...

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Understanding the Action Axiom: How It Shapes the Structure of Society

2024-10-01

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2024-10-01

Human society is a complex and ever-evolving web of relationships, institutions, and behaviors. At the heart of this complexity lies a fundamental question: Why do people do what they do? What drives human action, and how does it shape the societies we live in? Ludwig von Mises, a prominent Austrian economist, offered a compelling answer through what he called the “action axiom.”What Is the Action Axiom?At its core, the action axiom is a simple yet...

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Fed’s Rate Cut Helps Candidate Harris but Will Hurt President Harris (or Trump)

2024-10-01

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2024-10-01

Many investors, businesses, and consumers cheered the Federal Reserve’s first interest rate cut since March of 2020. The Fed’s 50 basis points interest rate reduction was larger than many Fed watchers anticipated and was followed by suggestions that there are more rate cuts on the way.A drop in borrowing costs following the Fed’s rate reduction can help make people more optimistic about the general economy and their own financial situation. The...

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Video: Hans-Hermann Hoppe on The Real Milei

2024-10-01

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2024-10-01

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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“Hate Symbols” and the Meaning of Liberty

2024-10-01

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2024-10-01

In tyrannical societies, the state uses its monopoly of violence to dictate what citizens are permitted to say, activities they are permitted to engage in, and cultural symbols they are permitted to celebrate or display. Anyone who violates such edicts can be arrested and imprisoned. Given the tendency of states to become increasingly dictatorial and to trample on their citizens’ liberties with impunity, Murray Rothbard argued that the state...

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“I Have Bills to Pay,” Or Why the Fed Really Cut Interest Rates

2024-09-30

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2024-09-30

Disclaimer: The following is a parody of a “leaked” transcript of a recent telephone conversation between Federal Reserve Chairman Jerome Powell and Secretary of the Treasury Janet Yellen.Powell (answering phone): Powell here.Yellen: Jay, how you doing, Janet here, been meaning to call you one of these days.Powell: What’s on your mind over there at Treasury?Yellen: Well, I see that you’re lowering interest rates, so I just wanted to tell you that’s...

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Homeownership Is Not the American Dream

2024-09-30

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2024-09-30

In a recent interview with Bill Maher, Nancy Pelosi discussed a recently proposed California law—Assembly Bill 1840—that aimed to provide taxpayer funds to first-time homebuyers regardless of immigration status. In defense of the proposed law, which was ultimately vetoed by California Governor Gavin Newsom, Pelosi stated that she wanted to help illegal immigrants achieve the “American Dream.”Setting aside the insanity of compelling California...

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Home Ownership Is Not the American Dream

2024-09-30

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2024-09-30

In a recent interview with Bill Maher, Nancy Pelosi discussed a recently proposed California law—Assembly Bill 1840—that aimed to provide taxpayer funds to first-time homebuyers regardless of immigration status. In defense of the proposed law, which was ultimately vetoed by California Governor Gavin Newsom, Pelosi stated that she wanted to help illegal immigrants achieve the “American Dream.”Setting aside the insanity of compelling California...

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Overtime Tax Exemption: Pros and Cons

2024-09-30

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2024-09-30

Former President Trump has proposed exempting overtime income from taxation. Is this a good idea? Some economists may point out that exempting overtime hours from taxation targets marginal labor supply. Increasing marginal take home pay from taxes encourages work, can increase aggregate supply and economic growth.Other economists may point out that overtime hours are highly cyclical; tax revenue from overtime hours rises during economic booms and...

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JLS: Democracy as Secular Theodicy

2024-09-30

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2024-09-30

ABSTRACT: Scholars across political philosophy, theology, economics, sociology, sociobiology, and history presently acknowledge that theistic and secular religions are similar in form and function. This essay goes further by establishing that all religions are congruent and otherwise complementary rather than being merely similar. All religions, regardless of their basis, are institutionalized behavioral responses to the “evil” represented by the...

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QJAE: Man of Action: Murray N. Rothbard’s Contributions to the Theory of Entrepreneurship

2024-09-30

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2024-09-30

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 Present Monetary System Is Heading for a Breakdown

2024-09-30

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2024-09-30

Many economists incorrectly assume a growing economy also requires a growing money stock, assuming that economic growth gives rise to a greater demand for money. It is held that failing to increase money to facilitate increased trade will lead to a decline in prices of goods and services, destabilizing the economy and leading to an economic downturn.Some commentators believe that the lack of a flexible mechanism coordinating demand versus the money...

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Ludwig von Mises, Hero

2024-09-28

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2024-09-28

In 1981, when I was thinking about starting the Mises Institute, the two things that really motivated me were, one, that I thought that the Austrian school was diminishing in influence in this country and other countries.

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Underdog Moicano Wins UFC Fight, Bashes Macron in France, Promotes Hoppe

2024-09-28

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2024-09-28

This past February, Brazilian UFC fighter Renato Moicano went viral after taking the microphone after a victorious fight to promote the work of Ludwig von Mises. In his own words, “If you care about your motherf******* country, read Ludwig von Mises and the six lessons of the Austrian school.

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Tom Luongo on the Rival Factions Among Bankers

2024-09-28

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2024-09-28

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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John Maynard Keynes: Mathematician, Investor, and Economist

2024-09-28

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2024-09-28

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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Centralizing Federal Power through Southern Reconstruction

2024-09-27

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2024-09-27

Many historians have commented on the extent to which Abraham Lincoln centralized federal power in the course of his war against the South. Less often remarked upon is the fact that this trend continued during the Reconstruction era, 1865 to 1877. In his essay “Wichita Justice? On Denationalizing the Courts,” Murray Rothbard observes that the Reconstruction Era provided convenient cover for the expansion of federal authority and further...

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Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition

2024-09-27

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2024-09-27

The European Union’s Digital Markets Act (DMA) represents a misguided attempt to regulate digital marketplaces, resurrecting the outdated and deeply flawed Structure-Conduct-Performance (SCP) paradigm. This essay argues that the DMA’s structural approach is not merely ill-suited to the dynamic nature of digital markets, but actively harmful, threatening to stifle innovation, impede market progress, and ultimately harm the very consumers it purports...

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A Tribute to Mises on the Anniversary of his Birth

2024-09-27

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2024-09-27

September 29, 2024, is the one-hundred-and-forty-third anniversary of the birth of Ludwig von Mises, economist and social philosopher, who passed away in 1973. Von Mises was my teacher and mentor and the source or inspiration for most of what I know and consider to be important and worthwhile in these fields of what enables me to understand the events shaping the world in which we live. I want to take this opportunity to pay tribute to him, because...

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