Category Archive: 6b.) Mises.org

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How People Can Better Fight Inflation

2024-06-05

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2024-06-05

Taken from the Minor Issues PodcastPeople can’t stop the Federal Reserve from inflating the money supply, nor can we prevent them from adding more fuel to their fire.We can only fight the fire started by the arsonists at the Fed from spreading further into our lives.In this article, I want to review the ways that people fight the Fed’s fire—higher prices everywhere and the reasons why everyone should be actively fighting against inflation.These...

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The Trump Trial and our Injustice System

2024-06-05

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2024-06-05

I’ve long criticized our current US justice system – on all levels – as becoming much more about political justice than blind justice. The bizarre trial and conviction of former President Donald Trump last week on 34 felonies only reinforces my concerns.The New York District Attorney, Soros-backed Alvin Bragg, has been notorious for downgrading felony charges against others to misdemeanor charges. According to a recent article in the Daily Mail,...

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Unsuccessful DEI Efforts Meet Legislative Opposition in Tennessee

2024-06-05

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2024-06-05

The Tennessee Board of Regents (TBOR) promoted an initiative in 2023 which was meant to better ensure that black males in the state have greater access to higher education, and the support needed to graduate in higher numbers. TBOR referenced a graduation rate which is at least 20 percent lower than the graduation rate of other students. A plan to fight this undesirable metric was implemented by the Tennessee Higher Education Commission (THEC) in...

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How Phony “Civil Rights” Put Your Life in Danger

2024-06-05

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2024-06-05

A recent story revealed that one-third to one-half of the students at the prestigious UCLA School of Medicine are unqualified. These students belong to racial and ethnic minorities; most are blacks and Latinos. One student couldn’t identify a major artery when questioned by a surgeon during an operation.Would you want a “doctor” like that to treat you? Isn’t the purpose of a medical school to train competent physicians? Why, then, were these...

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The Lesson of the Trump Conviction

2024-06-05

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2024-06-05

Last week, Donald Trump was convicted of falsifying business records with the intent to commit, aid, or conceal another crime. The Manhattan jury found him guilty on all thirty-four counts.This entire case was always ridiculous. Trump was charged for labeling reimbursement checks to his lawyer as “legal expenses” after the lawyer made a (completely legal) payment to an adult film actress to get her to sign a nondisclosure agreement....

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Debunking Robert Reich’s Debunking

2024-06-04

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2024-06-04

“Additional units of a homogeneous good must go toward less important ends.” Is this an ethical claim? Does it fall under political science? Or is it an economic law?According to Robert Reich, economics, properly considered, is in a mush with politics and morality. He has started a new ten-week series debunking economic myths, and the first one is “Economics is Objective.” I wouldn’t say he is off to a good start.Reich asserts that economics ought...

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No Honor Among Government Thieves: The Evil of Asset Forfeiture

2024-06-04

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2024-06-04

The practice of law enforcement agencies in the United States seizing private property is one of the clearest examples of how much power the government has been permitted to gain. Although the idea of forcibly appropriating the assets of citizens as punishment for violation of the law has been practiced on the North American continent for hundreds of years, for a long time it was only used infrequently and was generally ignored by law...

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Distinguishing Libertarian Philosophy from Political Strategy

2024-06-04

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2024-06-04

Private property is the foundation of the libertarian society, and in Rothbardian theory, a libertarian society is one founded on absolute private property rights. In the libertarian society, all property is private property. Libertarianism is thus constructed on the principle of self-ownership: the libertarian society is a free society in which each individual is a self-owner. As Murray Rothbard explains in The Ethics of Liberty, “Obviously, in a...

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Yellen Wants Price Inflation to Rise So the Feds Can Keep Spending

2024-06-03

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2024-06-03

The long-term forecast for higher interest rates, according to Treasury Secretary Janet Yellen, makes it more difficult to control US borrowing needs, which emphasizes the significance of raising revenue in the forthcoming budget talks with Republican lawmakers. There is only one problem. She is wrong.According to the Congressional Budget Office (CBO) baseline, which does not assume a single year of recession and already counts with record tax...

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Scott Galloway’s TED Talk Reveals a Basic Ignorance of Economics

2024-06-03

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2024-06-03

Scott Galloway, a professor in marketing from New York University and a frequent guest on networks like the execrable CNBC, gave a recent TED talk titled How the US Is Destroying Young People’s Future.

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Tucker Carlson’s Guests Keep Bringing up the Mises Institute

2024-06-03

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2024-06-03

Tucker Carlson is apparently warming up to Austrian economics and the work of the Mises Institute. In 2019, when he was still on Fox News, he made a quick dig at Austrian economics, and he was critical of “libertarian economics” as recently as December of last year.But Austrian economics and the Mises Institute have come up in his interviews with three different guests over the past few months, and instead of being critical or dismissive, Carlson...

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Milei’s Challenge to False Economists

2024-06-03

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2024-06-03

In 1972, members of the newly created Libertarian Party wanted Murray Rothbard to be their candidate in the coming presidential run. During an interview, when asked about this possibility, Rothbard first had a long laugh. After laughing, he stated that he did not think that it was even the time to create a libertarian party, simply because there were not enough libertarians, but that if there was eventually a strong libertarian party, several...

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Does Increasing the Money Supply also Increase Economic Growth?

2024-06-03

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2024-06-03

Many economic commentators believe increasing the quantity of money can revive an economy. This is based on the view that with more money in their pockets, people will spend more and others follow suit, as they hold that money is a mere means of payments.Money, however, is not the means of payments but rather a medium of exchange. It only enables one producer to exchange his product for the product of another producer. According to Murray Rothbard,...

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Would Ending the Fed Cause a Depression?

2024-06-01

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2024-06-01

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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Civilization Depends upon Economic Freedom

2024-06-01

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2024-06-01

The BBC recently slapped a “trigger warning” on its popular 1969 series Civilisation, warning that viewers may deem the series objectionable as it presents Eurocentric perspectives. The series is now deemed to be “problematic” because it tells a “European story,” focusing on the Renaissance and the Enlightenment. This is criticized by academics—for example, the classicist Mary Beard—for excluding other cultures and also for excluding women while...

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The Montaigne Fallacy

2024-06-01

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2024-06-01

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 Trends of the Trade

2024-06-01

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2024-06-01

Trade school enrollment is on the rise. Many trade schools have seen as much as a 19.3 percent rise in enrollment over the last several years. This is good news given the labor shortages in areas like construction and auto mechanics.Back in the late ’80s and early ’90s, when I was in high school, it was unthinkable to not go to college. In my working-class neighborhood, a college education was viewed as a way out of poverty. Jobs in construction,...

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A Rothbardian Dissection of Javier Milei – Part II

2024-05-31

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2024-05-31

Read part I here.Milei and the Chances of PrivatizationThough privatizations have not yet arrived, the state-owned airline is on the agenda. The company was renationalized in 2008, forcing taxpayers to prop up an airline that has been directly bailed out by the government since 2021. For true privatization, all regulation prohibiting competition and all taxation in the industry should be abolished—falling short of this, it should come with...

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Overpopulation Reconsidered: A Decentralized Approach

2024-05-31

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2024-05-31

Overpopulation has been a concern for a long time, sparking debates about humanity’s future, resource scarcity, and environmental degradation. The temptation to resort to centralized control measures is significant. However, a closer examination reveals two major problems with such an approach.The ethical problemThe violation of individual rights is the first issue. As Murray Rothbard explains in ‘The Ethics Of Liberty,’ individuals have an...

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Why the Democrats are Throwing the Presidential Election

2024-05-31

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2024-05-31

I heard a rumor the other day that Democrats are throwing the Presidential election. Party apparatchiks believe the stock market will crash, sinking the economy and they would rather have it all implode on Donald Trump’s watch, paving the way for having a Democrat in the White House from 2028 until eternity. This sort of conspiracy theory seemed spectacularly implausible until I read in the New York Times, that anti-Trump Republicans believe the...

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