Category Archive: 6b.) Mises.org

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The Hoax of “Multiculturalism”

2024-03-26

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2024-03-26

According to “Britannica,” multiculturalism is “the view that cultures, races, and ethnicities, particularly those of minority groups, deserve special acknowledgment of their differences within a dominant political culture. See this. In fact, “multiculturalism is a gigantic hoax. The people behind it, including brain-dead Biden and his gang of neocon controllers, want to impose a totalitarian tyranny on us, telling us whom we can and cannot...

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The Forgotten Austrian: Peter F. Drucker and the Welfare State

2024-03-26

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2024-03-26

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Federal Judges Co-Opted America’s State Constitutions

2024-03-26

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2024-03-26

The idea that the federal Bill of Rights is the only thing standing between freedom and tyranny in America is deeply ingrained in the American mind. It is ubiquitous in our speech, for instance, as can be seen in how we use phrases like "my Second Amendment rights" or "I want to plead the Fifth [Amendment]." It is also assumed that unless the federal Supreme Court has intervened to declare that a legal right exists, then the...

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Libertarian Scholars Conference 2025

2024-03-25

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2024-03-25

The Mises Institute will host a one-day Libertarian Scholars Conference on March 20, 2025 in Auburn, Alabama. The first Libertarian Scholars Conference was held in New York City in 1972 under the aegis of the Center for Libertarian Studies. The conference was held annually (except for 1973) throughout the 1970s in New York or Princeton, New Jersey (1977, 1978), with the 8th and last “national” conference taking place at the Hotel Diplomat in New...

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Two Cheers for Vivek Ramaswamy for His Commentary on the Fed

2024-03-25

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2024-03-25

The 2024 presidential primaries have never been in much doubt, but Vivek Ramaswamy emerged from his presidential campaign poised for the future. In part, Ramaswamy distinguished himself with his criticism of the Federal Reserve. For most of the election cycle, scarcely a word has been said about the Fed by other 2024 presidential candidates. It is therefore worth reviewing what Ramaswamy had to say about monetary policy during his campaign.As...

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Austrian Economics Research Conference 2025

2024-03-25

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2024-03-25

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, academic vice president of the Mises Institute and professor emeritus of economics at Pace University.The...

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California’s Latest Hustle: Utility Bills Based on Ratepayers’ Income

2024-03-25

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2024-03-25

Utility bills—for electricity, natural gas, water, and garbage—have by long-standing tradition been based on customer usage, measured in kilowatt-hours of electricity, therms or Btu of natural gas, hundred cubic feet of water, or number of garbage cans. Every residence and business has electric, gas, and water meters that measure utility usage.But changes are afoot in the utility business as federal and state governments urge Americans to convert...

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Ryan McMaken on the History and Benefits of Secession

2024-03-23

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2024-03-23

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Boyd’s Bounty Brings Boom-Time Bucks

2024-03-23

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2024-03-23

Pattie Boyd, British fashion model and muse to two rock superstars, George Harrison and Eric Clapton, engaged Christie’s to auction love letters from Harrison and Clapton in addition to other memorabilia. As with all other assets these days, Boyd’s bounty went for boom-time prices. Chron.com reports, “Christie's, the world-renowned auction house, said its online sale of The Pattie Boyd Collection sold for around 2.82 million pounds ($3.6 million),...

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A Case for Argentina’s Dollarization: Why and How to Implement It

2024-03-23

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2024-03-23

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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Ayn Rand and the Austrian Economists

2024-03-23

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2024-03-23

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436

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The Drug War

2024-03-23

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2024-03-23

In this episode, Mark shares the latest video in the Mises Institute's The Costs of the Progressives series, "The Drug War," which cites Mark's research on the economics of prohibition."The Costs of the Progressives" is a historical series that focuses on great leaps in Washington's consolidation of power on a variety of issues that affect our day-to-day lives, and the costs we pay with our taxes and our liberty:...

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Personal Medical Bankruptcy: Made in DC

2024-03-23

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2024-03-23

One unintended consequence of federal government intervention or regulation of medicine is individuals or families declaring federal bankruptcy for large unpaid medical bills. US healthcare costs and miles to the nearest star is measured in trillions. US healthcare spending reached $4.1 trillion in 2020 according to the most recent data from the Centers for Medicare and Medicaid Services. Americans spent $12,530 per person on medical care in...

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The Fed Doesn’t Know the Natural Rate of Interest

2024-03-23

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2024-03-23

Published in The Wall Street Journal:Mr. Levy describes the Fed’s permanent problem: It doesn’t and can’t know what the natural rate of interest is. Everyone should pity the members of the Federal Open Market Committee, who must inwardly confess that they can’t know the answers, yet have to play their parts in the Fed melodrama nonetheless.Alex J. PollockSenior fellow, Mises InstituteLake Forest, Ill.Appeared in the March 14, 2024, print edition as...

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Self-Ownership and the Right to Self-Defense

2024-03-23

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2024-03-23

Self-defense is an ancient common law right under which necessary and reasonable force may be used to defend one’s person or property. As Sir Edward Coke expressed it in 1604: “The house of every one is to him as his Castle and Fortress as well for defence against injury and violence . . . if thieves come to a man’s house to rob him, or murder, and the owner or his servants kill any of the thieves in defense of himself and his house, it is no...

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Hazlitt Against Keynes on Unemployment and Wages: A Lesson for Modern Macroeconomics

2024-03-22

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2024-03-22

The Failure of the ‘New Economics’ thoroughly demolished the Keynesian system. Unfortunately, this “economic demolition” as Rothbard called it (Hazlitt 2007 [1959], xvi), went ignored by the mainstream despite it carrying implications that would have prevented the decline in theoretical vigor of mainstream economics that was Keynesianism. Hazlitt’s argument against Keynesianism was more than a mere theoretical critique; it was a robust argument...

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“Army Values”

2024-03-22

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2024-03-22

Conservatives are upset that the U.S. Military Academy—West Point—has removed the phrase “Duty, Honor, and Country” from its mission statement.The phrase comes from a farewell address that retired general Douglas MacArthur—who attended West Point from 1899 to 1903—delivered to West Point cadets in 1962. The old mission statement was first formally adopted by the Academy in 1998.The change was announced in a letter from West Point superintendent...

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Shades of Gray

2024-03-22

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2024-03-22

The New Leviathans: Thoughts after Liberalismby John GrayFarrar, Straus and Giroux, 2023; 192 pp.John Gray is a strange case. He is a political philosopher who taught for many decades at Oxford and the London School of Economics, and he has become one of the leading British “public intellectuals.” A friend of the rich and famous, including George Soros, he abandoned long ago the classical liberal beliefs he held in the late 1970s and early 1980s....

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The Money Supply Fell for the Fifteenth Month in a Row as Full-Time Jobs Disappear

2024-03-21

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2024-03-21

Money supply growth fell again in January, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. January's drop continues a steep downward trend from the unprecedented highs experienced during much of the past three years.Since April 2021, money supply growth has slowed quickly, and since late 2022, we've been seeing the money supply repeatedly contract, year over year. The last time...

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Looking Back at the Crossroads: Liberty or Socialism

2024-03-21

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2024-03-21

Ludwig von Mises begins his book Bureaucracy by declaring that the main issue facing the West in his time was whether man should surrender his liberty to the “gigantic apparatus of compulsion and coercion, the socialist state.” He rephrases: “Should [man] be deprived of his most precious privilege to choose means and ends and to shape his own life?”This question is imminently pressing in the modern day as well, save that we in the West, eight...

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