Category Archive: 6b.) Mises.org

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Capitalism Is a Solvent Against Racism

2024-10-23

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2024-10-23

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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Who Needs the Federal Reserve?

2024-10-23

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2024-10-23

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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Haiti: Why Open Borders Don’t Work in the Developing World

2024-10-23

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2024-10-23

Earlier this month, the regime of the Dominican Republic (DR) announced new efforts to deport 10,000 Haitians “per week.” The DR reportedly expelled 67,000 Haitians in the first half of the year, as part of a stated plan by the administration of Dominican President Luis Abinader to curtail an ongoing surge of foreign nationals arriving from Haiti. This is only the latest part of an ongoing campaign against the flood of Haitian foreign nationals...

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It’s Good to be Skeptical of Elections

2024-10-23

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2024-10-23

We are less than two weeks away from election day. Polls show that the race between Kamala Harris and Donald Trump stands at a virtual tie, and that has many worried about the possibility of a contested election. Sixty-eight percent of Americans are concerned people will resort to violence if they are unhappy with the outcome. Contributing to those fears are recent findings that nineteen percent of Republicans and twelve percent of Democrats say...

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Americans Trust Trump on Economy, but “Experts” Don’t?

2024-10-22

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2024-10-22

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 Secret Economic Theory Behind the $100,000 Birkin Bag

2024-10-22

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2024-10-22

In 1984, Jean-Louis Dumas, CEO of a struggling French fashion house, found himself consumed with thoughts of how to not only revive but surpass the glory Hermès had once known. Four years into his role, he couldn’t shake the idea that he needed to capture lightning in a bottle once again, as his father had done with the now-legendary Kelly bag.The story goes that Grace Kelly, the iconic actress and later Princess of Monaco, was photographed using a...

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Copernicus Was Also Right in Economics

2024-10-22

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2024-10-22

Nicolaus Copernicus was one of the greatest scientists in history. With his theories on astronomy, he revolutionized the sciences and is meritoriously and universally recognized as a genius. He was indeed a genius, not only in astronomy, in fact, his knowledge and studies ranged in all fields of knowledge—medicine, canon law, theology (he was also ordained Catholic theologian), natural sciences, mathematics, and—last but most important for this...

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Russophobia, Historically Considered

2024-10-22

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2024-10-22

Professor Glenn Diesen of Norway recently had his video channel expunged from YouTube, and two days later it was restored at YouTube, all with no real explanation. One video at his channel is a discussion of Richard Cobden’s 1836 pamphlet, which bore the secondary title:In the video, I interview Professor Diesen about the long history of Anglo hatred toward Russia, a hatred which started up in the 1830s and has persisted ever since. I sought to...

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Why The Israel-Occupied Levant Must Be Liberated

2024-10-22

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2024-10-22

As fast as a snake’s thrust, Israel has taken the methods of mass murder used against Gaza’s civilians to the West Bank, to Lebanon and Syria, to Yemen and beyond. It is now launching about for the next country to attack, Iran. This is the bloodiest in Israeli criminal annals. Still, it is the consensus among the best of people, pure-hearted and valiant all, that the only way to stop the Israeli State’s serial killers is passively and...

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Peace as a Prerequisite for Civilization

2024-10-22

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2024-10-22

Property rights, the division of labor, and voluntary exchange are the foundation of civilization. In Liberalism: The Classical Tradition, Ludwig von Mises explains why these doctrines are essential to civilization, emphasizing that peace is a prerequisite for the division of labor and human cooperation. When the threat of war constantly hangs over a society, people no longer specialize in their most productive skills and abilities. Instead, they...

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Why the Money Supply Is Growing Again

2024-10-21

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2024-10-21

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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Why People Pay Higher Prices for Some Goods Relative to Others

2024-10-21

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2024-10-21

Why are individuals willing to pay higher prices for some goods relative to other goods? The common reply to this appeals to the laws of supply and demand. But what is behind these laws? To provide a further answer to this question economists refer to the law of diminishing marginal utility. Mainstream economics explains this law in terms of the satisfaction that one derives from consuming a particular good. For instance, an individual may derive...

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The Birth of “Irrational Exuberance”

2024-10-21

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2024-10-21

But how do we know when irrational exuberance has unduly escalated asset values . . .? — Fed Chairman Alan Greenspan, “The Challenge of Central Banking in a Democratic Society,” December 5, 1996John Law, the early eighteenth-century Scottish gambler and financier, thought the best way to revive an ailing economy was to remove the “great scarcity of money,” as he wrote in a 1705 monetary tract. A decade after its publication, he took his ideas to...

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Hayek on the Welfare State

2024-10-20

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2024-10-20

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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What is Old School Economics?

2024-10-20

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2024-10-20

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

2024-10-20

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2024-10-20

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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Yes, Car Seat Laws Reduce the Birth Rate

2024-10-20

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2024-10-20

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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Gresham’s Law: Why Bitcoin Will Save the World

2024-10-19

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2024-10-19

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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If Republicans Are Against Lawfare, They Shouldn’t Have Unleashed It

2024-10-19

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2024-10-19

One of the hot topics of the 2024 presidential election is the use of what Republicans have called “lawfare” by the Democrats, using the law—and especially criminal law—to go after political opponents by using the system to charge them with questionable crimes. I myself have denounced it here and here.There is no way to justify this use of criminal law except to say that it is a tool by political and economic elites to accomplish the same thing as...

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Ten Lessons on Us Foreign Policy from Enough Already

2024-10-19

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2024-10-19

Enough Already by Scott Horton is a must-read for anyone who wants to know the truth about US foreign policy in the Middle East for the last 35 years. Horton starts his exposé with the 9/11 tragedy, and then details all the terror wars up until today. Among all the facts and figures, Horton teaches ten important lessons. Each chapter focuses on a specific country, but these lessons are woven throughout each.Lesson 1—The US is Not Loyal to Its...

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