Category Archive: 6b.) Mises.org

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Debunking Alarmism over Artificial Intelligence

2024-09-19

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2024-09-19

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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The Fed Hits the Panic Button

2024-09-19

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2024-09-19

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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Can Technology Make Us Free?

2024-09-19

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2024-09-19

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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Families, Churches, Schools: How to Replace the State

2024-09-19

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2024-09-19

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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The Denarius and the Dollar: Price Controls Then and Now

2024-09-19

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2024-09-19

Since the response to Covid-19, the preeminent economic concern of the American public has been, simply put, price inflation. In an attempt to curry favor with the electorate, Vice President Kamala Harris recently declared support for price controls to combat high prices, which she attributes to supply chain issues and corporate greed.Today, it often seems that our country’s scope and knowledge of history is reduced to a few platitudes concerning...

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An Economy So Strong It Requires Crisis-Level Fed Action

2024-09-18

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2024-09-18

In the last few months, the Federal Reserve has signaled that it is prepared to cut interest rates. Today’s 50bps rate cut, however, exceeded most expectations.As ZeroHedge has noted, “only 9 of 113 economists surveyed” expected this sort of move, and the Fed’s own dot plot shows a growing appetite for more aggressive action in the near future.Amazing what an 818K downward jobs revision that “nobody could have seen coming because the Biden economy...

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An Unprecedented Monetary Destruction Is Coming

2024-09-18

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2024-09-18

Global money supply has soared by $20.6 trillion since 2019, according to Bloomberg.Additionally, global debt surged by over $15 trillion in 2023, reaching a new record high of $313 trillion. Around 55% of this rise came from developed economies, mainly the U.S., France, and Germany. Unfunded liabilities in the United States amount to $72 trillion, almost 300% of GDP. This may seem high until you look at Spain with 500% of GDP, France with close to...

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Understanding the Basics of Modern Banking

2024-09-18

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2024-09-18

The monetary and banking system plays an incredibly important role in contemporary economies. Knowledge of how this system functions should therefore be spread as widely as possible, yet the education system barely instructs its students about this subject, if indeed it instructs them about it at all. This article aims to contribute to bridging this gap by giving a basic overview of how the system of money creation and banking works today. The...

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Can You Understand the Fed’s Nearly $200 Billion in Losses?

2024-09-18

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2024-09-18

Can you understand how it can be that the Federal Reserve, the world’s greatest and by far most important central bank, has now lost the astounding sum of $193 billion? If not, you are surely not alone. Since September 2022, the Fed has lost money every month. These unprecedented losses continue, and this fall they will in the aggregate pass $200 billion.The Fed has a powerful mystique, which it works hard at cultivating. It intensely wants to be...

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The Fed Hits the Panic Button and Slashes the Fed Funds Rate

2024-09-18

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2024-09-18

The Federal Reserve’s FOMC slashed the target federal funds rate at its meeting this month, reducing the target rate by 50 basis points from 5.5 percent to 5.0 percent. This was the largest cut to the target rate since March of 2020 in the midst of the Covid Panic. This cut comes after fourteen months of the FOMC holding the target rate at 5.5 percent. In late 2022, the FOMC was forced to allow interest rates to rise in response to mounting price...

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The Second Trump Shooter Believed Exactly What the Establishment Media Wanted Him to Believe

2024-09-18

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2024-09-18

On Sunday, for the second time this election cycle, a man was able to get close to Donald Trump with a rifle. The former president was golfing when Secret Service agents spotted a rifle barrel poking out of some bushes just off the course, near a hole Trump would soon play. Agents fired on the suspect, causing him to flee as Trump was rushed off the course. Shortly after, the man was apprehended by police.A scoped rifle, two backpacks, and a video...

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Price Inflation Is Not a “Global Phenomenon”

2024-09-17

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2024-09-17

The Economics Policy Institute (EPI) has promoted a myth that recent price inflation is a “global phenomenon,” is not caused by domestic economic policies. An EPI study claims “that high [price] inflation in the U.S. has not been driven by any unique American policy—not the American Rescue Plan and other generous fiscal relief during the pandemic recession and recovery nor anything else U.S.-centric”. It doesn’t logically follow that something that...

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Why Interest Rates Are Not the Price of Money

2024-09-17

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2024-09-17

According to mainstream economics, interest rates are the price of money, but the Austrian school says differently. To understand these conflicting ideas, we must understand what prices, money, and interest are.First of all, prices are exchange-ratios between goods and/or services. An apple might be exchanged for a pear or two bananas. In that case we can conclude that the price of an apple, at that moment, is either one pear or two bananas....

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We Need Medical Freedom

2024-09-17

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2024-09-17

In a free society, people have the right to decide what to do with their own bodies. If you want to take something that “orthodox” medicine says you shouldn’t, this decision should be up to you. If the government can ban “dangerous drugs,” why not dangerous ideas too? As the great Ludwig von Mises points out, “Opium and morphine are certainly dangerous, habit-forming drugs. But once the principle is admitted that it is the duty of government to...

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The Customers and Their Enemies

2024-09-17

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2024-09-17

There is an attack on the customer by its anti-market enemies. These enemies dislike market economies and private property and wish to see these institutions destroyed. The enemies want to see a new “king” to the throne—one that dislikes the customer. These enemies want to install a “king” that does not care about what you want to consume, but what they want you to consume.Too often, the caricature of a customer is negative but, in reality, the...

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Where Will All the Money Go?

2024-09-17

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2024-09-17

The Federal Reserve seems to have finally committed to, but has not yet begun its “rate cutting cycle” of lower interest rates, specifically the Federal Funds Rate, or policy rate.This lines up well with what I have been thinking and saying here and elsewhere; the Fed was not likely to cut rates until the fall of 2024 or later.My thinking or guessing was based on the notion that the Fed wanted to remain perceived as tough on inflation for as long...

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Milei Wants More Government Spending—For the Military, of Course

2024-09-17

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2024-09-17

From day one of his presidency, it has been apparent that Argentina’s President Javier Milei wants the Argentinian regime to be a willing member of the US-NATO axis in international affairs. Milei has demonstrated this with a variety of overtures toward the State of Israel and by his repeated meetings with the dictator of Ukraine, Volodymyr Zelenskyy. This all positions Burenos Aires as a reliable supplicant and friend of Washington. Or, as I...

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The Ruling Elites Create an Orwellian Reinterpretation of Human Rights

2024-09-17

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2024-09-17

Ludwig von Mises depicts the aim of revolutionary socialism as: “to clear the ground for building up a new civilization by liquidating the old one.” One of the main strategies in liquidating a civilization involves dismantling its legal and philosophical foundations. This role is fulfilled by activists who embark upon “sabotage and revolution” by subverting the meaning of words: “The socialists have engineered a semantic revolution in converting...

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Privatize Federal Lands

2024-09-16

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2024-09-16

Land in its natural state is not owned by anyone, argued John Locke in Two Treatises of Government, but after land is transformed by an individual’s labor, that person earns a right to own the land and any improvements. In the mid-1800s, the U.S. government put Locke’s property-rights theory into practice with the Homestead Act.

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Understanding the Real Costs of Slavery: It’s Not Cheap labor

2024-09-16

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2024-09-16

Slavery has existed throughout history in all places and cultures. It was not 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.

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