Category Archive: 6b.) Mises.org

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Reflections on the Libertarian Role in Society

2024-01-18

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2024-01-18

With the advent of language artificial intelligence like ChatGPT that are trained on online information, one can find backing for a hypothesis regarding society. General political thought is leftist leaning since the political answers given by the app are left oriented. The victory of self-proclaimed anarchocapitalist Javier Milei in the presidential elections of Argentina seems to be showing a pushback against the progressives, but the same is not...

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Censorship and Official Lies: The End of Truth in America?

2024-01-18

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2024-01-18

"Truth is treason in an empire of lies." – George Orwell The State is tightening its stranglehold on its own narrative as its web of lies unravels. The government's lapdogs in the news media continue to bark and howl on TV even though a majority of American households have cut the cord. And of course, nothing resembling the truth can be heard in the softball press conferences at the White House and the Federal Reserve. Newspapers, both...

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The War on Producers and Entrepreneurs Is Based on False Notions of Profits

2024-01-18

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2024-01-18

The war on the producer is raging on, and the assault on free enterprise and the entrepreneur is hitting an all-time high. Whether it be politicians, academics, or the mainstream media, there’s a relentless effort to paint those who create wealth and prosperity as villains who do nothing but exploit the masses. This is not just a misguided moral crusade, but it also amounts to an egregious intellectual fraud as it completely ignores fundamental...

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Fractional Reserve Banking (Part II)

2024-01-17

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2024-01-17

We have already described one part of the contemporary flight from sound, free market money to statized and inflated money: the abolition of the gold standard by Franklin Roosevelt in 1933, and the substitution of fiat paper tickets by the Federal Reserve as our “monetary standard.” Another crucial part of this process was the federal cartelization of the nation’s banks through the creation of the Federal Reserve System in 1913. Banking is a...

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The Decisive Driving Force to Victory for Javier Milei

2024-01-17

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2024-01-17

Much has been written in the international press, including within Argentina, about recently inaugurated Argentinian president Javier Milei, mostly about how he is an extreme right-winger (really wanting to taint him as a fascist among left-wing circles). Some independent journalists and observers have commented on how his announced plans could transform Argentina into a prosperous country by following classical liberal policies. One significant...

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The Government Is Making the Economy Appear Better than It Is

2024-01-17

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2024-01-17

As the 2024 general election gets closer, Democrats and proestablishment pundits are growing frustrated with the American public for not feeling as good about the economy as the so-called experts say they should. The elitism of this view aside, it is true that traditional economic indicators are pretty good and that, at the same time, people aren’t feeling good about the economy. Center-left economists have been locked in a debate over whether...

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Taking Money Back (Part I)

2024-01-17

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2024-01-17

Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts, exchange their goods for the goods of others. At each step of the way, every participant in exchange...

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Spring 2024 Mises Book Club

2024-01-17

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2024-01-17

By special request, the Mises Institute will hold its next in-person Mises Book Club, our new program to promote deep reading in Austrian economics, on campus at Oklahoma State University beginning Tuesday, February 6. In celebration of the 80th anniversary of F. A. Hayek's Road to Serfdom, this classic work in political philosophy, intellectual and cultural history, and economics will be the focus of the next meeting. For eight riveting weeks, ten...

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Mises Circle in Fort Myers

2024-01-17

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2024-01-17

Save the date!  Join the Mises Institute for a special Circle in Fort Myers, FL this November.  Registration, speaker details, and agenda forthcoming.

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2024 Political Circus Begins in Iowa

2024-01-16

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2024-01-16

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss the results of the Iowa Caucuses. What does Trump's overwhelming win mean for American politics, and what is the future for candidates like Vivek Ramaswamy and Ron DeSantis? Also, did anyone know Asa Hutchinson was still around? Ryan and Tho discuss this and more. Claim your free book: Mises.org/RothPodFree Be sure to follow Radio Rothbard at Mises.org/RadioRothbard....

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Can Classical Economics Explain the Approaching Fiscal Disaster?

2024-01-16

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2024-01-16

Today’s US fiscal predicament includes unprecedentedly high federal spending financed by inadequate tax revenue and high federal budget deficits. There is a lack of sufficient buyers of US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits are forecast to outstrip their trust funds in a few years. How might a nineteenth-century English economist be relevant to this predicament? Might this fiscal...

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The Oregon Problem: It’s Not Drugs! It’s the Socialistic Political Culture

2024-01-16

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2024-01-16

Not many people know that Oregon decriminalized all drugs through a ballot initiative. The Wall Street Journal recently ran an article: “Oregon Decriminalized Hard Drugs: It Is Not Working.” The question here is, why not? In 2020, the State of Oregon decriminalized all drugs, including hard drugs such as heroin, crystal meth, which you will remember as the centerpiece of the hit series Breaking Bad, and fentanyl, a highly dangerous synthetic...

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Why You Should Read Human Action—Very Carefully

2024-01-15

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2024-01-15

May 16–18, 2024:  Join Dr. Joseph T. Salerno, Dr. Thomas J. DiLorenzo, Dr. Jörg Guido Hülsmann, Dr. Joseph T. Salerno, Dr. Mark Thornton, and more for a conference in honor of the 75th anniversary of Human Action at our campus in Auburn.

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Forget the Alleged Social Contract: Taxes Are Coercive

2024-01-15

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2024-01-15

Taxes are not a contractual obligation between the state and the individuals it governs. By definition, taxes are noncontractual debts in which the state is the creditor, and the payment of these debts is demanded through coercion and violence.

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Introduction to the Chinese Edition of How to Think about the Economy: A Primer

2024-01-15

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2024-01-15

To the Chinese reader: It is safe to say that economics suffers at least as many fallacies and misunderstandings as any other field of study. Had physics suffered the same level of issues, we would not have seen much—if any—of the progress that we have made over the past centuries. Yet, economics—the queen of the social sciences—keeps being misrepresented, if not abused, and we suffer the consequences. Those consequences are primarily in the form...

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Reflections on the Rothbard Graduate Seminar

2024-01-14

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2024-01-14

The Rothbard Graduate Seminar (RGS) provides an opportunity to learn about Austrian economics at a high level. Original Article: Reflections on the Rothbard Graduate Seminar

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The Escalating Tensions in the Red Sea Are a Bad Omen

2024-01-14

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2024-01-14

With the Houthis in Yemen firing on commercial ships in the Red Sea, the US is contemplating yet another Middle East conflict. As we see again, aggression leads to more aggression. Original Article: The Escalating Tensions in the Red Sea Are a Bad Omen

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Privatizing Roads Solves the Problem of Road Closures

2024-01-14

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2024-01-14

All of us have experienced government road closures and the traffic and safety nightmares they create. Private roads may be the answer to solving the problem. Original Article: Privatizing Roads Solves the Problem of Road Closures

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What is a “Fed Pivot,” And When Is It Likely to Happen?

2024-01-13

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2024-01-13

Chairman of the Federal Reserve, Jerome “Jay” Powell, recently sent mysterious shock waves into financial markets with comments that suggested that Fed rate cuts might come sooner than expected. Stock and bond markets took this as a good sign. They were already in a Santa Claus rally and broke out to new highs for the year. The interest rate on ten-year government bonds, which had already fallen by almost 1 percent since October, threatened to...

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The December Jobs Report Is Mostly Bad News

2024-01-13

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2024-01-13

According to a new report from the federal government's Bureau of Labor Statistics last Friday, the US economy added 216,000 jobs for the month while the unemployment rate held at 3.7%. NBC news was sure to tell us that this "beat expectations."  Market estimates suggested total jobs added at 170,000 with the unemployment rate at 3.8%.  The media's general consensus on the report is that the jobs economy is "robust" and...

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