Category Archive: 6b.) Mises.org

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The State Wants to Nationalize Second Mortgages. What Possibly Can Go Wrong?

2024-06-28

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2024-06-28

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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The Fallacies of Conservative Protectionists

2024-06-28

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2024-06-28

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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Joe Biden’s Reverse Robin Hood Student Debt Cancellation

2024-06-28

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2024-06-28

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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The State’s Best-Kept Secret

2024-06-28

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2024-06-28

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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With the Assange Guilty Plea, the US Government Further Destroys the Rule of Law

2024-06-28

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2024-06-28

A long battle surrounding Julian Assange has finally come to an end. Founder of divisive group, Wikileaks, Julian would gain popularity in 2010 when helping former US soldier, Chelsea Manning uncover and spread evidence that the United States and Australia committed war crimes in Iraq and Afghanistan. Julian would also be charged with sexual assault by Sweden in 2010, a charge which would be disputed and later dropped. In 2012, following this...

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Draghi’s Globalist EU Speech Urges Concentration of Power

2024-06-28

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2024-06-28

A quite-revealing speech about the future of the European Union was given in Brussels on April 16, 2024 by Mario Draghi, who at one time had been slated to become the next president of the EU Commission, replacing scandal-ridden Ursula von der Leyen, who recently was confirmed for another term. Draghi, the former Italian prime minister and former head of the European Central Bank, gave policy recommendations for the future directly to members of...

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The Very Model of a Modern Major Bidenomics Economist

2024-06-27

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2024-06-27

A June 27 FOX News online headline announced that sixteen left-wing Nobel prize-winning economists had signed a petition declaring that if Donald Trump is elected there will be increased inflation, while praising “Bidenomics” to the treetops. Apart from the fact that there is no such thing as “Bidenomics” – which is nothing more than the usual wild vote buying from every special interest group imaginable funded by Fed monetization of more debt (and...

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American Foreign Policy — The Turning Point, 1898–1919

2024-06-27

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2024-06-27

With the end of the twentieth century rapidly approaching, this is a time to look back and gain some perspective on where we stand as a nation. Were the Founding Fathers somehow to return, they would find it impossible to recognize our political system. The major cause of this transformation has been America’s involvement in war and preparation for war over the past hundred years. War has warped our constitutional order, the course of our national...

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Is Stephanie Kelton Failing Her Academic Responsibility?

2024-06-27

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2024-06-27

About two years ago, I had a brief exchange with modern monetary theory (MMT) champion and Stony Brook University professor Stephanie Kelton on Twitter (now X). It resulted in Kelton publicly challenging me, an economist and tenured professor at another large public university, to formulate a critique of her (and MMT’s) “chartalist” view that government currency has value only because it must be used to pay taxes.Kelton summarized her position on...

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The Collapse of Real Savings Caused the Great Depression

2024-06-27

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2024-06-27

The leading monetarist, Milton Friedman, blamed the Federal Reserve System’s policies for causing the Great Depression of the 1930s. According to Friedman, the Fed failed to pump enough reserves into the banking system to prevent a collapse of the money stock. Because of this, Friedman held that M1, which stood at $26.34 billion on March 1930, fell to $19.00 billion by April 1933—a decline of 27.9 percent.Figure 1: US M1 money supply,...

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Biden’s Blarney on Bank Fees

2024-06-26

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2024-06-26

On January 14, the White House issued an emotionally charged bulletin on overdraft fees. It outdid itself, packing the release with vituperative claims that overdraft fees were sneaky, hidden, just plain wrong, and exploitative, that they raked in excessive profits for the wealthy and padded the banks’ bottom lines, all at the expense of hardworking families.“Junk fees may not matter to the very wealthy, but they matter to most folks in homes like...

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There’s No Good Reason for the Fed to Have an Inflation Target

2024-06-26

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2024-06-26

Alexander Salter argues that “there’s no good reason to raise the inflation target,” and while he makes some valid points, his analysis goes awry because it is based on the faulty quantity theory of money. He says that the proponents of a higher inflation target erroneously believe that it would “give the Fed more wiggle room to ease policy, should recessionary pressures emerge.” Salter says that the Fed can still stimulate nominal spending even...

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Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less

2024-06-26

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2024-06-26

On Sunday, activists from the environmentalist organization Extinction Rebellion stormed the green in the final, pivotal moments of the Travelers Championship, a professional golf tournament. The protesters tossed red and white chalk and smoke bombs before being tackled to the ground by police. The stunt came days after two protesters with the group Just Stop Oil, a youth-led offshoot of Extinction Rebellion, sprayed orange paint on Stonehenge.The...

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The Draft: Slavery Re-Imposed

2024-06-25

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2024-06-25

Last week, a most disturbing development took place that should concern all those who value liberty. The House of Representatives passed the National Defense Authorization Act and included in it a provision requiring the automatic enrollment of men from 18 to 26 years old for the draft. Before that, men were required to register for the draft when they turned eighteen, but whether to do that was up to them. Many of them didn’t, even though failing...

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Stop Taxing Tips

2024-06-25

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2024-06-25

Donald Trump recently promised that, if he wins the November election, he will support eliminating taxes on tips as part of his proposal to renew and expand the 2017 tax cuts. This tax law change would be a long overdue boost for millions of Americans.Tips often comprise a substantial portion of the earnings of waiters and waitresses, as well as of other service-sector employees. However, unlike regular wages, a service-sector employee usually has...

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The 45-Year-Old Cold War with Iran Is a Failure. It’s Time for a New Approach

2024-06-25

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2024-06-25

Since its establishment in 1979, the Islamic Republic of Iran has become the third-largest threat to United States national security. It may therefore seem like the ideal strategy to combat this threat would be one that is confrontational and aggressive. However, this approach has proven largely ineffective. The truth is that hawkish policies stressing interventionism only escalates tensions with adversarial foreign powers. Moreover, such actions...

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AI: “Existential Crisis” or Excuse for Cronyism?

2024-06-25

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2024-06-25

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...

Read More »

How Bad Economic Policies Drive Out Good Entrepreneurs

2024-06-25

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2024-06-25

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...

Read More »

Governments Hate Privacy Software

2024-06-25

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2024-06-25

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...

Read More »

The Quest for Lebensraum

2024-06-25

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2024-06-25

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...

Read More »