The most pervasive and prevalent aspect of government to the average American is the regulatory bureaucracy. Starting a business requires the acquisition of a license. Bureaucrats were given powers to create new legal requirements, accounting measures, and deviations from profit management. This was enabled by the law, through the delegation of powers by Congress to the bureaucrats, but also by the Supreme Court. But, that is coming to a close in...
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Category Archive: 6b.) Mises.org
The “Equality of Opportunity” Fallacy
Many people argue in this way: The 1964 Civil Rights Act was fine. No one should be discriminated against because of his race or sex. Because blacks and women have suffered such discrimination in the past, it may be that programs like affirmative action are justified, at least temporarily. However, the purpose of these programs should be to promote equality of opportunity. Everybody deserves an equal chance to live a good life or, at any rate, a...
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When Balancing the Budget Hurts the Economy
Immediately after taking office, the president of Argentina, Javier Milei, signed a decree and reduced the number of ministries from twenty-two to nine. Although tens of thousands of public employees have been disposed of since then, the celebrated reduction is still symbolic, because it only ordered some ministries to absorb others and did not reduce public employment significantly. Milei has managed to achieve five budget surpluses so far. Public...
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Joe Biden and the Anatomy of a Failing State
Presidential debates are a quirky aspect of modern American politics. In theory, they are the closest thing to political combat, a rare opportunity for political leaders to publicly contrast differences in ideology and vision for the country. In reality, presidential debates have become something more akin to pop culture, with actors repeating lines they don’t believe in, achieving a desired reaction from various popular audiences. A particular...
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The State Wants to Nationalize Second Mortgages. What Possibly Can Go Wrong?
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 Fallacies of Conservative Protectionists
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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Joe Biden’s Reverse Robin Hood Student Debt Cancellation
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 State’s Best-Kept Secret
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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Private Property Comes from Scarcity, Not Law
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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Resisting the Brave New Culture
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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How Washington and the Fed Caused the Commercial Real Estate Crisis
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 Juneteenth
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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With the Assange Guilty Plea, the US Government Further Destroys the Rule of Law
A long battle surrounding Julian Assange has finally come to an end. Founder of divisive group, Wikileaks, Julian would gain popularity in 2010 when helping former US soldier, Chelsea Manning uncover and spread evidence that the United States and Australia committed war crimes in Iraq and Afghanistan. Julian would also be charged with sexual assault by Sweden in 2010, a charge which would be disputed and later dropped. In 2012, following this...
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Draghi’s Globalist EU Speech Urges Concentration of Power
A quite-revealing speech about the future of the European Union was given in Brussels on April 16, 2024 by Mario Draghi, who at one time had been slated to become the next president of the EU Commission, replacing scandal-ridden Ursula von der Leyen, who recently was confirmed for another term. Draghi, the former Italian prime minister and former head of the European Central Bank, gave policy recommendations for the future directly to members of...
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The Very Model of a Modern Major Bidenomics Economist
A June 27 FOX News online headline announced that sixteen left-wing Nobel prize-winning economists had signed a petition declaring that if Donald Trump is elected there will be increased inflation, while praising “Bidenomics” to the treetops. Apart from the fact that there is no such thing as “Bidenomics” – which is nothing more than the usual wild vote buying from every special interest group imaginable funded by Fed monetization of more debt (and...
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American Foreign Policy — The Turning Point, 1898–1919
With the end of the twentieth century rapidly approaching, this is a time to look back and gain some perspective on where we stand as a nation. Were the Founding Fathers somehow to return, they would find it impossible to recognize our political system. The major cause of this transformation has been America’s involvement in war and preparation for war over the past hundred years. War has warped our constitutional order, the course of our national...
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Is Stephanie Kelton Failing Her Academic Responsibility?
About two years ago, I had a brief exchange with modern monetary theory (MMT) champion and Stony Brook University professor Stephanie Kelton on Twitter (now X). It resulted in Kelton publicly challenging me, an economist and tenured professor at another large public university, to formulate a critique of her (and MMT’s) “chartalist” view that government currency has value only because it must be used to pay taxes.Kelton summarized her position on...
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The Collapse of Real Savings Caused the Great Depression
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Biden’s Blarney on Bank Fees
On January 14, the White House issued an emotionally charged bulletin on overdraft fees. It outdid itself, packing the release with vituperative claims that overdraft fees were sneaky, hidden, just plain wrong, and exploitative, that they raked in excessive profits for the wealthy and padded the banks’ bottom lines, all at the expense of hardworking families.“Junk fees may not matter to the very wealthy, but they matter to most folks in homes like...
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There’s No Good Reason for the Fed to Have an Inflation Target
Alexander Salter argues that “there’s no good reason to raise the inflation target,” and while he makes some valid points, his analysis goes awry because it is based on the faulty quantity theory of money. He says that the proponents of a higher inflation target erroneously believe that it would “give the Fed more wiggle room to ease policy, should recessionary pressures emerge.” Salter says that the Fed can still stimulate nominal spending even...
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On Swiss National Bank
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SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
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Gold finds some support at $2,660, with upside attempts limited
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USD/CHF aims to revisit 0.8950 as SNB to cut rates further
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US Dollar tries to keep gains for a fourth straight day despite flat CPI
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Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
Main SNB Background Info
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