Category Archive: 6b.) Mises.org

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Debunking Alarmism over Artificial Intelligence

2024-09-06

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2024-09-06

On November 30, 2022, ChatGPT was made available to the general public, and the world was forever changed. While many had prophesied about the potential impact of Artificial Intelligence (AI) for years, ChatGPT gave us the first glimpse into an AI-powered future. The novelty of OpenAI’s creation propelled interest in AI into the stratosphere, while at the same time reigniting concerns about the impact of AI on the economy. One can easily imagine a...

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Who Caused the Recent Wave of Inflation?

2024-09-05

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2024-09-05

A study from The Federal Reserve Bank of San Francisco claims that most of the price inflation that plagued the US economy over the past few years was due to global supply chain disruptions, due to the Covid-19 pandemic. Is this a valid study, or an attempt by the Fed to evade responsibility for our recent economic troubles?There are several problems with this study. First, this study aims at establishing a correlation between supply chain...

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Kamalanomics: More Inflation for America

2024-09-05

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2024-09-05

In a recent interview with CNN, Kamala Harris said that Bidenomics is working and that she is “proud of bringing inflation down.”However, the Bureau of Labor Statistics published the latest CPI at 2.9%, despite annual inflation being 1.4% when she took office. Inflation is a disguised tax and accumulated inflation since January 2021, when the Biden-Harris administration started, has increased more than 20%.Of course, Democrats blame inflation on...

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Food Price Controls are a Losing Issue

2024-09-05

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2024-09-05

The central problem with government economic policies is that many bad economic policies are politically advantageous. Hence, politicians enact policies that many of them know don’t work just to stay in power. Price controls are bad economic policy. Democrat Presidential candidate Kamala Harris wants to empower the Federal Trade Commission to stop “food price gouging” with what would amount to price ceilings.Price ceilings cause shortages of goods...

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Trump and Harris Ignore a Great Danger Facing America

2024-09-05

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2024-09-05

The Penn Wharton Budget Model, a think tank headquartered at the University of Pennsylvania, recently released a study claiming former President Donald Trump’s economic plans would add about four trillion dollars to the national deficit over ten years while Vice President Kamala Harris’s economic plans would add about two trillion dollars.Vice President Harris would increase the deficit largely through expanding refundable tax credits such as the...

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Education: Labeling vs. Tailoring

2024-09-05

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2024-09-05

I recently had the opportunity to attend a homeschool resource fair at a small local school for the arts in my hometown. Every classroom and corridor was filled with tables covered in information about homeschool co-ops, clubs, private classes and teachers. Everything from ballet to robotics, art, woodworking, and every conceivable academic approach were represented by eager adults, excited to share their particular interest and expertise, and most...

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From Brazil to the US: The Global War on Free Speech

2024-09-05

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2024-09-05

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 National Socialists Were Enemies of The West

2024-09-05

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2024-09-05

If one has the patience or the curiosity to go down certain conservative rabbit holes in social media, one will encounter a small corner of the movement in which one finds a latent or explicit desire to somehow rehabilitate Adolf Hitler and the National Socialists (i.e., the “Nazis.”)This is often found in the form of comments or memes that take the position that the National Socialists were the defenders of “the West” against a militant Left then...

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Does Any Daylight Remain between Monetary and Fiscal Policy?

2024-09-05

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2024-09-05

Conventional wisdom has it that the Federal Reserve system (the “Fed”) and the US Treasury Department are two separate entities. Congress created the Fed in 1913 as a legally and financially independent federal agency, privately owned by its member banks, with no funding from the federal budget. The US Treasury, on the other hand, is an Executive-branch cabinet-level department reporting directly to the President, with funding appropriated in the...

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Creeping Towards Conscription: Senate Defense Bill Looks to Automatically Register Young Men and Women for the Draft

2024-09-04

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2024-09-04

Fiscal Year 2025’s National Defense Authorization Act’s Senate version contains an important item that is being ignored—young women between the ages of 18-26 will be automatically registered for the draft.Previously, the House version of the NDAA passed (217-199) on June 14 and provisioned for the automatic registration of 18-26 year old men for the draft, but there was no item extending the order to women.As it stands, all men of age are legally...

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Natural Law and Rothbardian Liberty

2024-09-04

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2024-09-04

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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FISA: How a Watergate-Era “Reform” Turned into a Mechanism of Massive State Surveillance

2024-09-04

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2024-09-04

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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Review: Bitcoin: The Inverse of Clown World

2024-09-04

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2024-09-04

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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Presidential Election or Economic Illiteracy Contest?

2024-09-04

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2024-09-04

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 Fable of the Economic “Soft Landing”

2024-09-04

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2024-09-04

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 the Media Says about Homeschooling

2024-09-04

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2024-09-04

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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Diplomacy, Distrust, and Nuclear War

2024-09-04

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2024-09-04

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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American Peronism: Kamala’s Plan to Ruin America’s Economy

2024-09-04

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2024-09-04

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 the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t

2024-09-04

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2024-09-04

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 Truth about Churchill

2024-09-04

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2024-09-04

“It says here in this history book that, luckily, the good guys have won every single time. What are the odds?” - ~Norm MacDonaldA segment of Tucker Carlson’s recent interview with Darryl Cooper is making the rounds on social media. Cooper questioned Winston Churchill’s hero status, which is a big no-no, especially among conservatives. The accepted view is that World War II can be reduced to the good guys versus the bad guys and that Churchill is...

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