To gain insight into the state of an economy, most economists rely on a common statistic named the Gross Domestic Product (GDP). The GDP looks at the value of final goods and services produced during a particular period, usually a quarter or a year.Using this measurement statistic assumes that what drives the economy is not the production of goods and services, but rather consumption. In GDP, what matters is the demand for final goods and services....
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Category Archive: 6b.) Mises.org
Rothbard on Liberty and Free Will
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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Ireland, Authenticity, and the European Union
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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ESG Undermines Social Welfare
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 Dark Spectacle of Maduro: Elon Musk, Lula, and Electoral Fraud
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 Wisdom of Herbert Butterfield
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 Incursion into Russia Will Not Solve Ukraine’s Biggest Problem
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 Euro Is a Frankenstein-Currency
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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Governments Had a Major Role in Sustaining Slavery
Given America’s history with slavery and eventual emancipation, especially the Emancipation Proclamation and the Thirteenth Amendment, the average person might be left with the impression that slavery was only ended thanks to the efforts of a powerful nation-state. In fact, one might even go as far as to assume that slavery could only be brought to an end through government policy and enforcement.What this misses is the important fact that...
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America Now Has Fewer Employed Workers than It Did a Year Ago
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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Conceptual Clarity in Dismantling Economic Jargon
It might seem like common sense to say that good ideas should be clear, but the notion that good ideas should be obscure and inaccessible to laymen has long been prevalent in academic circles. Murray Rothbard describes Keynes’s General Theory of Employment, Interest, and Money as, “not truly revolutionary at all but merely old and oft-refuted mercantilist and inflationist fallacies dressed up in shiny new garb, replete with newly constructed and...
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Is Artificial Intelligence the Next Easy-Money Bust?
Since early 2022, the big buzz in the tech industry, and among laymen in the general public, has been “artificial intelligence.” While the concept isn’t new—AI has been the term used to describe how computers play games since at least the 1980s—it’s once again captured the public’s imagination.Before getting into the meat of the article, a brief primer is necessary. When talking about AI, it’s important to understand what is meant. AI can be broken...
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Where Will All the Money Go?
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 Taboo Against Truth: Holocausts and Historians
“Speaking truth to power” is not easy when you support that power. Perhaps this is the reason why so few Western historians are willing to tell the whole truth about state crimes during this century.Last fall the Moscow News reported the discovery by two archaeologist-historians of mass graves at Kuropaty, near Minsk, in the Soviet republic of Byelorussia. The scholars at first estimated that the victims numbered around 102,000, a figure that was...
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The Origin of Money: Menger vs. Graeber
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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Libertarianism vs. Microlibertarianism
Libertarianism is a consistent and principled philosophy that is absolute in scope and universal in application.We can begin with this classic description of libertarianism by libertarianism’s greatest theorist, Murray Rothbard (1926–1995):Libertarianism is not and does not pretend to be a complete moral, or aesthetic theory; it is only a political theory, that is, the important subset of moral theory that deals with the proper role of violence in...
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JLS: Laws of Economics under Socialism
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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Diego Garcia and Cocos Islands: Another Example of US Imperialism
The United States is continuing its practice of insisting dominance in the Indian and Pacific oceans. Washington maintains a large military base on Diego Garcia in the Indian Ocean, and is now beginning to examine the Cocos Islands’ strategic value. American action increased significantly in the region after the British left Mauritius in 1968. At that point, the British decided to hang on to the Chagos Islands, incorporating them into the current...
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How to Contradict Yourself about Rights
The First Amendment: Essays on the Imperative of Intellectual Freedomby Tara Smith, Onkar Ghate, Gregory Salmieri, and Elan JournoAyn Rand Institute Press, 2024418 pp.What is the source of human rights? Are they derived from man’s nature, or are they simply privileges that the government grants to its citizens? Or is some intermediate view also an option? According to Murray Rothbard and Ayn Rand, the first of these positions is correct.Tara...
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America Now Has Fewer Employed Workers than It Did a Year Ago
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On Swiss National Bank
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SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
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Gold finds some support at $2,660, with upside attempts limited
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USD/CHF aims to revisit 0.8950 as SNB to cut rates further
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US Dollar tries to keep gains for a fourth straight day despite flat CPI
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Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
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