Category Archive: 6b.) Mises.org

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Homeschoolers Don’t Need Government Regulation

2024-05-25

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2024-05-25

Since 2020, the number of families participating in homeschooling has increased significantly, and with it, discussions about regulations. Currently, regulations of homeschoolers are a state-by-state phenomenon, with Pennsylvania and New York among the states with the most regulations and Missouri, Texas, and Oklahoma with the least. Examples of regulations include requiring parents to submit a letter of intent to homeschool prior to removing their...

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The Last Conservative

2024-05-24

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2024-05-24

Milton Friedman: The Last ConservativeBy Jennifer BurnsFarrar, Straus and Giroux, 2023; x + 587 pp.Imagine that you come across this about the “education premium” on someone’s blog: “By going to college, you are more than tripling your chances for success in after life.” The statement is buttressed by a calculation of the extra lifetime earnings that a college degree will provide. Wouldn’t you think that the author is an economist? In fact, the...

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Creative Destruction in American Higher Education: Schumpeter in Action

2024-05-24

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2024-05-24

Joseph Schumpeter (1883–1960), an Austrian political economist who emigrated to the United States in 1932 to become a professor at Harvard University, is known for his theories on business cycles and entrepreneurship.He is perhaps best known for advancing the concept of “creative destruction,” which he defined as the natural process of business firms failing at some point, freeing up resources (land, labor, and capital) that can then become more...

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Joseph Stiglitz’s Rocky Road to Serfdom

2024-05-24

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2024-05-24

The Road to Freedom: Economics and the Good Societyby Joseph E. StiglitzW.W. Norton, 2023; 356 pp.To say that Joseph Stiglitz, a Nobel Prize winner in economics who now teaches at Columbia University, opposes the free market is an understatement. He does not favor complete central planning, he tells us, but wants a balance between market and nonmarket arrangements. However, when it comes to his concrete proposals, the market seems always in his...

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Garett Jones on the Economic Impact of Culture on Immigration

2024-05-24

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2024-05-24

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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Roaring Kitty vs. Chairman Powell

2024-05-24

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2024-05-24

Stock market technicians are musing that if meme stocks are surging the Fed is not tight enough. Yes, after three years of hibernation “Roaring Kitty” returned with the first of a series of cryptic posts on X. Keith Gill’s (aka Roaring Kitty) post showed a man leaning forward with what looked like a gaming controller. Some traders interpreted it to mean Gill is coming back, according to Bloomberg. Gill rallied day traders on Reddit in an effort to...

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Memorial Day

2024-05-24

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2024-05-24

It’s that time of year again. The first military appreciation day of the year, otherwise known as Memorial Day, is coming up on Monday, May 27.On the Sunday before this day, many conservative, evangelical, and fundamentalist churches will have patriotic services where American flags are placed all over the church grounds and inside the building, the congregation recites the Pledge of Allegiance, hymns of worship to the state will be sung (including...

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The Consequences of California’s New Minimum Wage Law

2024-05-24

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2024-05-24

The law that establishes California’s minimum wage rate at twenty dollars per hour is purportedly aimed at uplifting the state’s working poor. The role of economics is to evaluate such claims through economic theory and empirical evidence. In mainstream economics, commonly taught in introductory college courses, the conventional analysis indicates that such laws may lead to heightened unemployment only if the new minimum wage exceeds the market...

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Doctor Copper Is Sending Signals Our Way

2024-05-23

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2024-05-23

The price of copper has hit an all-time high. This represents a signal about the world economy. The euphemism on Wall Street for the implications of the price of copper is called Doctor Copper.If the price of copper is moving higher, then Doctor Copper is diagnosing economic growth, or possibly an artificial economic boom. If the price of copper is moving lower, then Doctor Copper will diagnose an economic contraction, or economic bust, or even an...

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The Intellectual Poverty of Racial Polylogism

2024-05-23

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2024-05-23

In this age of the “decolonized curriculum,” universities have set out to decolonize the humanities, social sciences, and natural sciences. By “decolonize,” they simply mean that all fields of knowledge should reflect all cultures and not just what they see as “Western” science. Epistemology, too, has been decolonized.In a field known as the “philosophy of race and racism,” it is argued that philosophy itself—how human beings reason and understand...

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They Want to Scare You with Myths of “Unhampered Capitalism”

2024-05-23

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2024-05-23

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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Man, Economy, and Financial Markets

2024-05-23

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2024-05-23

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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Lending without Saving Brings Recession and Poverty

2024-05-23

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2024-05-23

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 Case for Abolishing Regulatory Agencies

2024-05-23

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2024-05-23

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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No, Mises Was not Wrong about the Middle of the Road

2024-05-23

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2024-05-23

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 Importance of Land as a Tool for Savings for Lithuanians

2024-05-23

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2024-05-23

Ensuring private property rights was essential for the development of the capitalist economy in the Western world. To any of the libertarians such rights are sacred, however, not to governments. Governments consistently attempted to seize property by enforcing taxes and regulations preventing full order of such. This century is not without exceptions. The Lithuanian state is attempting to control the Lithuanian real estate market by imposing a...

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Defining Ordered Individualism

2024-05-23

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2024-05-23

The fundamental social phenomenon is the division of labor and its counterpart human cooperation.- Ludwig Von Mises, Human Action, p. 151People in the mainstream think of economics as a way for others to feed their greed. Either that or their eyes glaze over when libertarians start to talk about things like capitalism, private property rights, the money supply, or interest rates. However, at the foundation of all these things is something everyone...

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The Problem with Public Schools

2024-05-23

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2024-05-23

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 True Cost of Modern Industrial Warfare

2024-05-22

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2024-05-22

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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Higher Education Too Often Values Second-Rate Economics Research over Teaching

2024-05-22

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2024-05-22

People act according to incentives, and university professors are no exception. Professors receive tenure and promotion based largely on the number and quality of papers they have published in their area of expertise. The number of papers published is a simple metric, but how should the quality of publishing be judged? Surely the quality of published research should be judged on the extent to which it benefits society. That is to say, quality...

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