Category Archive: 6b.) Mises.org

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Property Rights and the Will to Own

2024-05-11

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2024-05-11

Jeremy Bentham famously regarded natural rights as “nonsense on stilts” and taught that property rights are created by law and enforced by courts. Bentham’s view was that “before the laws, there was no property: take away the laws, all property ceases.” Lawyers in the Benthamite tradition accordingly set out to define the state-created nature of property rights and the boundaries of these rights as defined by the courts.The elusive nature of...

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Blowback in the African Coup Belt

2024-05-11

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2024-05-11

Starting in 2020, things started to get strange in Africa for those who knew what to look for. Normally, coups in Africa are nothing to write about. But starting in 2020, we saw six countries flip into a pro-Russian direction in just three years. Individually, they were a curiosity. Taken together, that rate of turnover outpaced even the most optimistic neoconservative ambitions for pro–United States regime changes in the Middle East. As General...

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An Austrian Critique of the New MMT Documentary

2024-05-10

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2024-05-10

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, Milei Is Not a Fascist

2024-05-10

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2024-05-10

The electoral victory of Javier Milei in Argentina was a pleasant surprise to libertarians internationally. For the first time ever, an open anarchocapitalist was elected president of a sovereign nation. Milei’s fame isn’t limited to libertarian circles, though. Right-wingers all over the world have praised him for his battle against corruption and economic ruin. He was even given a spot headlining for former president Donald Trump at the...

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Zwolinski Tries to Take Rothbard to the Mat

2024-05-10

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2024-05-10

The Spring 2024 issue of the Independent Reviewfeatures a symposium on Murray Rothbard’s For a New Liberty, which was published some fifty years ago. One of the contributions, by the philosopher Matt Zwolinski, stands out from the others in that it is not favorable to Rothbard. To the contrary, Zwolinski argues that Rothbard’s case for liberty is unsound. In my view, he has failed to show this, but a number of his arguments are interesting, and in...

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Somaliland Needs Self-Determination

2024-05-10

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2024-05-10

Created in 1960, the United Nations–recognized state of Somalia is by almost all accounts a failed state. Yet it continues to assert dominance over regions that are seeking further autonomy or independence. The UN has listed self-determination as a human right, but the global neighborhood rarely sees this human right respected or enforced by the UN. This is likely because of how slow-moving the UN can be and because the nations that make up the UN...

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Understanding the True Meaning of Charity

2024-05-09

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2024-05-09

The Misesian (TM): The economics behind gift giving and charity have long been a neglected topic among researchers and economists. What prompted you to launch your own investigation into the topic?Jörg Guido Hülsmann (JGH): The economic literature on gifts is actually quite massive, but it’s true that these writings don’t make it into standard micro- and macroeconomics. My initial interest was sparked by Benedict XVI’s 2009 encyclical letter...

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The Heroic Anti-War Students

2024-05-09

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2024-05-09

Anti-war students have been staging protests and demonstrations on a great many university campuses throughout America. A number of so-called “conservatives” have called for the police to arrest the students. Zionists groups accuse the students of “anti-Semitism” and demand that they be expelled from school. In fact, libertarians should welcome these protests. They bring back memories of the Vietnam War student protests that participated in,...

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As the Dollar Falters, Gold Becomes Insurance, Not Speculation

2024-05-09

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2024-05-09

Economics trumps sentimentality, and gold’s elevated price has some people raiding the family jewelry box to pay bills. “Young people are not wearing grandma’s jewels. Most of the young people, they want an Apple watch. They don’t want a pocket watch,” Tobina Kahn, president of House of Kahn Estate Jewelers told Bloomberg. “Sentimental is now out the door.”When times are tough, treasures change hands, the late Burt Blumert, once a gold dealer and...

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Anarchy Is Neither Chaos nor Hard to Find

2024-05-09

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2024-05-09

In mundane speech and in perhaps any dictionary, anarchy is synonymous with chaos and disorder. This may not come as a surprise since left-wing anarchists have worked hard on destroying anarchy’s reputation.As a former statist, I used to share this view of anarchy—a chaotic dystopia. But, as I’ve learned over the years, anarchy is the opposite of that. However, this can only be realized by looking at it logically.Defining AnarchyThe word anarchy...

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Joseph Stiglitz: Stupid or Sinister?

2024-05-09

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2024-05-09

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 Arrest of Samourai Wallet Developers Shows the US Government Hates Privacy and Freedom

2024-05-09

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2024-05-09

On April 24, two lead developers of Samourai Wallet (SW), the most-advanced privacy-centric wallet in the bitcoin ecosystem, were arrested and charged with money laundering and money transmitters offenses by order of the United States Department of Justice (DOJ). This is just the latest assault of an escalating war waged by US regulators on financial privacy and freedom.Other examples are the arrest of Tornado Cash developers—a privacy protocol...

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The Austrian vol. 6 (2020)

2024-05-08

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2024-05-08

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 Austrian – 2022 V-08 I-03

2024-05-08

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2024-05-08

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 Austrian – 2022 V-08 I-04

2024-05-08

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2024-05-08

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 Austrian vol. 8 (2022)

2024-05-08

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2024-05-08

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 Austrian vol. 7 (2021)

2024-05-08

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2024-05-08

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

2024-05-08

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2024-05-08

As Murray N. Rothbard explained in his masterful economic treatiseMan, Economy, and State with Power and Market,The distinctive and crucial feature in the study of man is the concept of action. Human action is defined simply as purposeful behavior. . . . The entire realm of praxeology and its best developed subdivision, economics, is based on an analysis of the necessary logical implications of this concept.All the laws of economics are derived...

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The American Labor Market: Fact vs. Fiction

2024-05-08

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2024-05-08

When we consider markets, we typically think of commerce - the buying and selling of goods and services, international trade, investing, supply and demand. Markets are the backbone of our economy. Almost everything has a market - food, medical care, toys, films and entertainment, weapons, drugs, stocks. But there is one market that surpasses them all in importance, without which no other market could exist - the labor market.Labor is crucial for...

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Nebraska Ends Income Taxes on Gold and Silver, Declares CBDC’s Are Not Lawful Money

2024-05-08

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2024-05-08

With Gov. Jim Pillen’s recent signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.LB 1317 is the fourth major sound money bill to become law this year, as state lawmakers across the nation scramble to protect the public from the ravages of inflation and runaway federal debt.Under the new Nebraska law, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed...

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