Category Archive: 6b.) Mises.org

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Rothbard and Mises vs. Calhoun on the Natural Right to Secede

2023-12-20

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2023-12-20

There are many reasons to support the breaking up states into smaller pieces. This is done via secession, and acts of secession produce smaller states. All else being equal, smaller states tend to be richer and they tend to have lower taxes. They tend to exercise less power over the resident population—because it's easier for people to escape smaller states than larger ones. Moreover, setting these tangible and practical considerations aside,...

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Our Friend the State

2023-12-20

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2023-12-20

Economics in America: An Immigrant Economist Explores the Land of Inequalityby Angus DeatonPrinceton University Press, 2023; xiii + 273 pp. Economics in America disappointed me, but I have only myself to blame. As you would expect from a Nobel laureate, Angus Deaton is very smart and erudite, but what you might not expect is that he is funny as well. The book contains much good sense, but it is quite unsympathetic to the free market. And this is...

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What, Me Normative?

2023-12-20

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2023-12-20

Visions of Inequality: From the French Revolution to the End of the Cold Warby Branko MilanovicHarvard Univerity Press, 2023; 359 pp. Branko Milanovic’s Visions of Inequality contains one of the most misleading statements I have ever encountered by an author about the contents of his own book. Milanovic, an eminent economist who teaches at the City University of New York and was formerly the lead economist at the World Bank, addresses in this book...

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Friedman versus Rothbard

2023-12-20

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2023-12-20

Murray Rothbard and Milton Friedman didn’t only disagree on the subject of economics. They also sharply disagreed on the direction American conservatism needed to go. Original Article: Friedman versus Rothbard

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Selections from The End of the Dollar Era

2023-12-20

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2023-12-20

Government-Managed Digital Currency: A Further Threat to Our Freedom by Paul Gottfried Whatever the modern self-described liberal democratic administrative state claims to be doing in the name of disadvantaged people is intended primarily and perhaps exclusively to increase government control. Further, whenever the same regime purports to be making our lives more comfortable, more agreeable, we may assume that our freedom and property rights are...

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The Wrong Way and the Right Way to Fix the Fed

2023-12-20

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2023-12-20

Monetary Policy as Inflationism Today all governments and central banks operate under the ideology of inflationism. The underlying principle of inflationism is that the quantity and purchasing power of money determined by the free market leads to deflation, recession, and unemployment in the economy. The inflationist ideology is therefore embedded in the very concept of monetary policy, which can be defined as an increase in the supply of money...

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From the Editor—November/December 2023

2023-12-20

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2023-12-20

The Mises Institute is different. We don’t change our positions or our ideology to match the current zeitgeist. Rather, we’re in it for the long haul. Our business is to change the minds of both scholars and the general public. Victory in the battle of ideas doesn’t begin in legislative committee rooms. It begins in classrooms and living rooms. To achieve this goal, it’s important to not sacrifice consistency to score some short-term and fleeting...

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Does Debt Make Capitalism Financially Unstable?

2023-12-20

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2023-12-20

According to the post-Keynesian School of Economics economist Hyman Minsky, the capitalist economy has an inherent tendency to develop instability that culminates in a severe economic crisis. The key mechanism that pushes the economy toward a crisis is the accumulation of debt. According to Minsky, during “good” times businesses in profitable sectors of the economy are rewarded for increasing their debt levels. The more one borrows, the more profit...

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Year-End Foreign Policy Predictions

2023-12-20

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2023-12-20

Ryan and Zachary make some guesses about where things are headed in 2024 for both Ukraine and the Israel-Hamas war. How long will the US try to keep the Ukraine war going, and what is Israel's plan for Gaza?  Be sure to follow War, Economy, and State at Mises.org/WES.

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The Path to True Freedom is Systematic Privatization

2023-12-20

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2023-12-20

Anarchocapitalism does not fall into the same category as socialism, whose establishment and maintenance require violence. Anarchocapitalism arises spontaneously from the removal of barriers that stand against the natural order of things. Original Article: The Path to True Freedom is Systematic Privatization

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The Dishonesty of the New York Times Revealed

2023-12-20

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2023-12-20

Last May, the chairman and publisher of the New York Times, A.G. Sulzberger, wrote a twelve-thousand-word feature in the Columbia Journalism Review appealing to the importance of independent journalism and framing the Times as a news organization committed to this ideal. Sulzberger defines his model of independent journalism, writing that it “elevates values grounded in humility—fairness, impartiality, and (to use perhaps the most fraught and...

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Tucker Carlson is Not Entirely Wrong About “Libertarian Economics”

2023-12-20

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2023-12-20

Tucker Carlson, who recently announced his own new media network, has been making the podcast rounds, talking to hosts of a variety of different ideological backgrounds. An interview a few weeks ago with Dave Smith had a moment that went viral when both men proclaimed Bill Buckley as a great villain of the 20th Century. (Murray Rothbard would agree.) Recently a new clip with Glenn Greenwald made the social media rounds with Carlson claiming that...

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X Marks the Spot: Social Media’s Last Stand

2023-12-19

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2023-12-19

Ever since Elon Musk acquired Twitter, now X, the censorship regime has been hell-bent on harassing the company and Musk himself—with bad publicity, accusations of antisemitism, and advertiser boycotts. Musk struck back by threatening to sue the Anti-Defamation League, suing Media Matters for defamation, and famously telling fleeing advertisers “Go f*ck yourself.” Musk’s X has the potential to weaken the Big Digital woke cartel, which censors...

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Biden Is Providing an Opportunity for a New “Outreach to the Deplorables”

2023-12-19

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2023-12-19

As the Biden administration doubles down in its determination to create a more progressive nation, it inadvertently is creating more opportunities to promote libertarian alternatives. Original Article: Biden Is Providing an Opportunity for a New "Outreach to the Deplorables"

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America’s Corn Crop Comes from “Corny” Subsidies

2023-12-19

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2023-12-19

Corn is grown in the United States as a staple crop for human food, as cattle feed, and as input for conversion to corn ethanol. The federal laws and rules for the corn ethanol industry were initiated in the 1970s and have continued today with ethanol subsidies. The federal corn ethanol sales pitch is for the United States to gain energy independence by lowering vehicle tailpipe emissions through the required blending of ethanol into the nation’s...

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Understanding Anti-Capitalist Fallacies

2023-12-19

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2023-12-19

The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on. Original Article: Understanding Anti-Capitalist Fallacies

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Markets versus State Healthcare Systems: Some Points of Contention

2023-12-19

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2023-12-19

In discussions concerning improving access to medical services, the question of increasing public expenditure—along with introducing new technologies or further regulations—is often raised. These and other proposals are oriented toward public solutions as if a market-based alternative was completely groundless. However, market-based solutions may not only be a “complement” to public systems, but they may also have the potential to be used on an...

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Federal Student Loans Drive Up College Tuition Levels

2023-12-18

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2023-12-18

Mises Wire contributor Kevin Van Elswyk, in his November 29 article “Student Loans: The Continuing Crisis That Is Getting Worse,” nicely summarizes the current confusion and scandal of federal student loan programs, which at this point appear a miasma that will likely turn into an outright student grant program as more and more of these loan balances are forgiven. It is most unfortunate that the US government, with good intentions to increase...

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It’s Time to Renew Your Mises Membership

2023-12-18

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2023-12-18

It's that time again! Join or renew your 2024 Membership with the Mises Institute and be part of a community that champions Austrian economics, freedom, and peace. Why Join? In a world facing economic challenges, the ideas of Ludwig von Mises have never been more vital. Help us lead the charge against statism in all its forms. 3 Member Benefits The Misesian: Immerse yourself in our exclusive bimonthly publication, delivering insightful content...

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Biden’s “AI Bill of Rights” May Just Be Another Censorship Plan

2023-12-18

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2023-12-18

“Never let a good crisis go to waste.” The once-overheard quote uttered by one of Barack Obama’s advisors now represents the unjustifiable expansion and abuse of government powers of the Joe Biden era. With the pandemic arrived a litany of experiments that proved disastrous, from distance learning and expansion of the money supply to lockdowns. After all the damage and witnessing the lengths Biden and his fellows are willing to go to, anything...

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