Category Archive: 6b.) Mises.org

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Why America is Ready to Elect a Felon President

2024-06-06

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2024-06-06

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 Problem with Federal Courts and “Sovereignty”

2024-06-06

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2024-06-06

From Section XXIII of “A Letter to Grover Cleveland” (1886).If anything could add to the disgust and detestation which the monstrous falsifications of the constitution, already described, should excite towards the court that resorts to them, it would be the fact that the court, not content with falsifying to the utmost the constitution itself, goes outside of the constitution, to the tyrannical practices of what it calls the “sovereign” governments...

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It’s the Fed That’s a Risk to Financial Stability

2024-06-06

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2024-06-06

Published in The New York Sun:Central bankers whistle ‘Dixie’ as mark-to-market losses dramatically shrink the banking system’s economic capital.Whistling a happy tune, the Federal Reserve vice chairman for supervision, Michael Barr, recently testified to Congress that “overall, the banking system remains sound and resilient.” A more candid view of the risks would be less sanguine.Mr. Barr reported that banking “capital ratios increased throughout...

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Do You Know Who’s Hitting You?

2024-06-06

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2024-06-06

Which of the following statements is politically correct?None of them, of course. Each is linked to an article written by Future of Freedom Foundation founder Jacob Hornberger over the past few years. Hornberger, refreshingly, has never been delicate in his treatment of political issues. He fires his thoughts straight at us, without detour or apology. Normally.For example, we’re encouraged to thank the troops for their service. But what does that...

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Dead Banks Walking, Part 1

2024-06-06

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2024-06-06

More than half a trillion dollars in losses. A trillion is a thousand billion. The latest from the nation’s deposit insurer, the FDIC, is “Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter.”The Federal Reserve’s higher for longer policy is making bank balance sheets weaker and weaker. Bond values decrease when interest rates increase. Thus, “Higher unrealized losses...

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Justin Raimondo Explains How Conservatives Flipped on Palestine During the Cold War

2024-06-06

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2024-06-06

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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From Profits to Pandering: How Government Turned Universities and Businesses into DEI Bureaucracies

2024-06-06

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2024-06-06

The Board of Trustees at the University of North Carolina at Chapel Hill, on May 13, announced that they would be diverting the $2.3 million that the university spends on diversity, equity, and inclusion (DEI) policies toward campus safety amidst protests over the Israeli-Palestinian conflict. UNC-Chapel Hill joins a list of universities like the University of Florida and the University of Texas that have eliminated their DEI programs in part due...

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The Fed Has No Earnings to Send to the CFPB

2024-06-05

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2024-06-05

This article was originally published by the Federalist Society. The relevant text of the Dodd-Frank Act is clear: “Each year (or quarter of such year) . . . the Board of Governors shall transfer to the [Consumer Financial Protection] Bureau from the combined earnings of the Federal Reserve System, the amount determined by the Director to be reasonably necessary . . . ” (emphasis added).“Earnings” means net profit:“EARNINGS: Profits; net income.”...

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How People Can Better Fight Inflation

2024-06-05

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2024-06-05

Taken from the Minor Issues PodcastPeople can’t stop the Federal Reserve from inflating the money supply, nor can we prevent them from adding more fuel to their fire.We can only fight the fire started by the arsonists at the Fed from spreading further into our lives.In this article, I want to review the ways that people fight the Fed’s fire—higher prices everywhere and the reasons why everyone should be actively fighting against inflation.These...

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The Trump Trial and our Injustice System

2024-06-05

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2024-06-05

I’ve long criticized our current US justice system – on all levels – as becoming much more about political justice than blind justice. The bizarre trial and conviction of former President Donald Trump last week on 34 felonies only reinforces my concerns.The New York District Attorney, Soros-backed Alvin Bragg, has been notorious for downgrading felony charges against others to misdemeanor charges. According to a recent article in the Daily Mail,...

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Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee

2024-06-05

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2024-06-05

The Tennessee Board of Regents (TBOR) promoted an initiative in 2023 which was meant to better ensure that black males in the state have greater access to higher education, and the support needed to graduate in higher numbers. TBOR referenced a graduation rate which is at least 20 percent lower than the graduation rate of other students. A plan to fight this undesirable metric was implemented by the Tennessee Higher Education Commission (THEC) in...

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How Phony “Civil Rights” Put Your Life in Danger

2024-06-05

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2024-06-05

A recent story revealed that one-third to one-half of the students at the prestigious UCLA School of Medicine are unqualified. These students belong to racial and ethnic minorities; most are blacks and Latinos. One student couldn’t identify a major artery when questioned by a surgeon during an operation.Would you want a “doctor” like that to treat you? Isn’t the purpose of a medical school to train competent physicians? Why, then, were these...

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The Lesson of the Trump Conviction

2024-06-05

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2024-06-05

Last week, Donald Trump was convicted of falsifying business records with the intent to commit, aid, or conceal another crime. The Manhattan jury found him guilty on all thirty-four counts.This entire case was always ridiculous. Trump was charged for labeling reimbursement checks to his lawyer as “legal expenses” after the lawyer made a (completely legal) payment to an adult film actress to get her to sign a nondisclosure agreement....

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Debunking Robert Reich’s Debunking

2024-06-04

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2024-06-04

“Additional units of a homogeneous good must go toward less important ends.” Is this an ethical claim? Does it fall under political science? Or is it an economic law?According to Robert Reich, economics, properly considered, is in a mush with politics and morality. He has started a new ten-week series debunking economic myths, and the first one is “Economics is Objective.” I wouldn’t say he is off to a good start.Reich asserts that economics ought...

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No Honor Among Government Thieves: The Evil of Asset Forfeiture

2024-06-04

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2024-06-04

The practice of law enforcement agencies in the United States seizing private property is one of the clearest examples of how much power the government has been permitted to gain. Although the idea of forcibly appropriating the assets of citizens as punishment for violation of the law has been practiced on the North American continent for hundreds of years, for a long time it was only used infrequently and was generally ignored by law...

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Distinguishing Libertarian Philosophy from Political Strategy

2024-06-04

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2024-06-04

Private property is the foundation of the libertarian society, and in Rothbardian theory, a libertarian society is one founded on absolute private property rights. In the libertarian society, all property is private property. Libertarianism is thus constructed on the principle of self-ownership: the libertarian society is a free society in which each individual is a self-owner. As Murray Rothbard explains in The Ethics of Liberty, “Obviously, in a...

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Yellen Wants Price Inflation to Rise So the Feds Can Keep Spending

2024-06-03

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2024-06-03

The long-term forecast for higher interest rates, according to Treasury Secretary Janet Yellen, makes it more difficult to control US borrowing needs, which emphasizes the significance of raising revenue in the forthcoming budget talks with Republican lawmakers. There is only one problem. She is wrong.According to the Congressional Budget Office (CBO) baseline, which does not assume a single year of recession and already counts with record tax...

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Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics

2024-06-03

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2024-06-03

Scott Galloway, a professor in marketing from New York University and a frequent guest on networks like the execrable CNBC, gave a recent TED talk titled How the US Is Destroying Young People’s Future.

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Tucker Carlson’s Guests Keep Bringing up the Mises Institute

2024-06-03

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2024-06-03

Tucker Carlson is apparently warming up to Austrian economics and the work of the Mises Institute. In 2019, when he was still on Fox News, he made a quick dig at Austrian economics, and he was critical of “libertarian economics” as recently as December of last year.But Austrian economics and the Mises Institute have come up in his interviews with three different guests over the past few months, and instead of being critical or dismissive, Carlson...

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Milei’s Challenge to False Economists

2024-06-03

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2024-06-03

In 1972, members of the newly created Libertarian Party wanted Murray Rothbard to be their candidate in the coming presidential run. During an interview, when asked about this possibility, Rothbard first had a long laugh. After laughing, he stated that he did not think that it was even the time to create a libertarian party, simply because there were not enough libertarians, but that if there was eventually a strong libertarian party, several...

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