Read More »
Category Archive: 6b.) Mises.org
Rushing for the Financial Exits
Read More »
The Reality of Human Action
The concept of reality is questioned by the notion, as László Krasznahorkai expressed it, that there are “many realities, or none at all.” By contrast, in Human Action, Ludwig von Mises offers a clear concept of reality, which he describes as “the whole complex of all causal relations between events, which wishful thinking cannot alter.” Building on this idea, Murray Rothbard argues that the entire science of human action can be deduced from a few...
Read More »
Read More »
Bring Back the Political “Smoke-Filled Rooms”
As anyone who is conscious knows by now, the Joe Biden re-election campaign is in serious trouble. The president clearly showed signs of serious mental deterioration in his recent debate with Donald Trump and Biden’s performance was bad enough for even the New York Times (which had claimed up to the debate that Biden’s cognitive skills were fine, and anything said to the contrary was a lie) to call for him to drop out of the race.Biden, not...
Read More »
Read More »
It Didn’t Begin with LBJ: How the US Became a Transfer Society
Terry L. Anderson and Peter J. Hill’s fascinating account traces the decline of the American constitutional framework from its origins in laissez-faire individualism to its current state of redistributive collectivism. Viewing the evolution as a series of legal developments motivated by ever greater financial incentives to involve the federal government, they highlight the following pivotal cases: (1) Marbury v. Madison (1803), which established...
Read More »
Read More »
Do We Have Regrets While Celebrating July 4?
This is a transcript from Mark Thornton’s Podcast, “Minor Issues,” July 6.Well, I know that many of my listeners will have a certain number of regrets about the July 4th holiday. And some of them may not even celebrate it at all. I certainly share many of those regrets. And concerns about the future of our country.We have an extremely bad government. That has increased in size and power enormously. We have a national debt which has exploded in size...
Read More »
Read More »
British Sound Money MP Replaced by Labor Party Apparatchik: A Sign of the Times
Sound money advocate and Conservative Party MP for Wycombe Steve Baker lost his seat in the general election that took place on 4th July–curious timing for a sitting Prime Minister to have called an election his party was always near-certain to lose. As Americans were celebrating Independence Day, the remnant Brits opposed to the government meddling in every aspect of their lives were bracing for a prime minister who describes himself as a...
Read More »
Read More »
It’s All MMT: The Fraud of “Monetary Policy”
Modern monetary theory (MMT) is not convincing to most trained economists of various schools of thought. This causes many to balk at MMT and mock it, some of which is warranted as a reductio ad absurdum, especially given some of MMT’s more outlandish claims. In fact, my own thesis was an Austrian critique of MMT.But there is also a fair amount of hypocrisy in the non-Austrian (e.g., mainstream, Keynesian, monetarist) critiques of MMT by mainstream...
Read More »
Read More »
War and Inflation
[This talk was delivered at the Future of Freedom Foundation‘s conference on “Restoring the Republic: Foreign Policy and Civil Liberties,” on June 6, 2008, in Reston, Virginia.]The US central bank, called the Federal Reserve, was created in 1913. No one promoted this institution with the slogan that it would make wars more likely and guarantee that nearly half a million Americans will die in battle in foreign lands, along with millions of foreign...
Read More »
Read More »
The State of US Real Estate Is Not Good
Read More »
Praxeology and Animals
Many academic fields are devoted to reconstructing reality, to make reality fit their socialist ideals better. Those who wish to reconstruct reality argue, for example, that there is no reason why some animals should be regarded as “wild.” They argue that we should seek “new ways to think and act in a world dominated everywhere by human power and activity” and that there is no reason to exclude the animal world from that enterprise. Instead, “we...
Read More »
Read More »
Public Goods, Government Transfers, and Lawsuits for Clean Air and Climate Mitigation
Since the 1930s New Deal and the 1960s Great Society, the US federal budget has shifted from providing pubic goods to distributing transfers (in the form of both spending and lending) to favored groups, a continually metastasizing shift that has now created a federal budgetary and debt crisis. It has also allowed politicians to perfect the fine art of buying votes by awarding federal transfers to select voter groups as a means to winning...
Read More »
Read More »
July 4th Regrets
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...
Read More »
Read More »
What If Public Schools Were Abolished?
In American culture, public schools are praised in public and criticized in private, which is roughly the opposite of how we tend to treat large-scale enterprises like Walmart. In public, everyone says that Walmart is awful, filled with shoddy foreign products and exploiting workers. But in private, we buy the well-priced, quality goods, and long lines of people hope to be hired.Why is this? It has something to do with the fact that public schools...
Read More »
Read More »
Tackling More of Robert Reich’s ‘Economic Myths’
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...
Read More »
Read More »
Milei Snubs the Spanish Political Establishment
Argentinian president Javier Milei recently snubbed the Spanish political class by visiting Spain and refusing to meet with any government officials, attending a rally of the opposition party Vox, and insinuating that the socialist Spanish president’s wife—currently at the heart of an anticorruption case—was corrupt. In retaliation, the Spanish president recalled his country’s ambassador from Buenos Aires.Now none of this will interest those who...
Read More »
Read More »
Argument by Fiat
The economist and social critic Glenn C. Loury has written a book sure to attract attention, but in what follows, I don’t propose to address what is likely to be the principal source of that attention. In Late Admissions: Confessions of a Black Conservative (W.W. Norton, 2024), Loury has offered an account of his life that reads like a romantic thriller. Readers in search of salacious gossip will find it in abundance. It transpires, for example,...
Read More »
Read More »
Bureaucracy: The Death Knell of Higher Education
Many small colleges are shutting their doors, and it is largely the fault of overexpansion, government protectionism, and bureaucratic infiltration.If you are following any news in higher education, you are probably aware of the continued closures of many small colleges and universities. This has picked up as of late—almost to one small college a week—and comes as covid-19 relief money dries up, along with rising costs that are no longer covered by...
Read More »
Read More »
Everything You Love You Owe to Capitalism
Editors Note: This week, we are celebrating Lew Rockwell’s 80th Birthday and the debut of our trailer for Playing With Fire: Money, Banking, and the Federal Reserve. Click here to learn more.I’m sure that you have had this experience before, or something similar to it. You are sitting at lunch in a nice restaurant or perhaps a hotel. Waiters are coming and going. The food is fantastic. The conversation about all things is going well. You talk about...
Read More »
Read More »
Hot Take: America’s Revolution Was Great
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...
Read More »
Read More »
The SCOTUS Chevron Decision: Pros and Cons
Many people who appreciate free markets are hailing the recent Chevron decision. Striking down Chevron curtails the powers of many officials in regulatory agencies, but how does this really affect entrepreneurs and markets? There are two important things to note here. First, striking down Chevron didn’t remove any regulations from US industry, this ruling transferred powers to interpret regulatory rules. Second, there are two sides to regulatory...
Read More »
Read More »
On Swiss National Bank
-
SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
-
Gold finds some support at $2,660, with upside attempts limited
-
USD/CHF aims to revisit 0.8950 as SNB to cut rates further
-
US Dollar tries to keep gains for a fourth straight day despite flat CPI
-
Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
Main SNB Background Info
Featured and recent
-
So entwickeln sich Bitcoin & Co. am Mittag -
Wie teuer wird Strom 2025 bei Dir? (Diese versteckte Umlage ist der Grund) -
Uhrenhändler: Die meisten zahlen für ihre Rolex zu viel -
Deep Fakes von Finanzfluss? -
LA PRESIDENTA DE MÉXICO ADMIRA A CUBA Y A VENEZUELA -
Bitcoin: Kaufen wenn andere Angst haben? -
The French Revolution
-
Magdeburg: Elon Musk eskaliert schon wieder! -
Why Mississippi Is Wealthier Than France: The Power of Free Markets -
Breite Diversifikation: Sinn oder Sinnlos? 🤔