Category Archive: 6b.) Mises.org

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Tariff Increases vs. Tax Cuts

2025-02-15

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2025-02-15

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 Fallacy of the “Public Sector”

2025-02-14

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2025-02-14

[This article is excerpted from Economic Controversies, chapter 21, “The Fallacy of the ‘Public Sector’” (2011). It originally appeared in the New Individualist Review (Summer, 1961): 3–7. Editor’s note: Various media outlets are reporting that the Trump administration has cut more than 100,000 federal jobs in recent days. The total may even be greater than 200,000. Naturally, the regime’s defenders repeatedly tell us that this all means a great...

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The Panic of 1819: Rothbard v. Browning

2025-02-14

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2025-02-14

The Panic of 1819 was one of the first major economic and financial crises in American history. The panic led to widespread bank failures, unemployment, and distress, particularly in the western states. For decades, the only significant work to have examined this event in any depth was Rothbard’s The Panic of 1819: Reactions and Policies. Now, Rothbard finally has some company in Andrew Browning’s The Panic of 1819: The First Great Depression. And...

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Osama bin Laden’s Secret Weapon: Economic Literacy

2025-02-14

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2025-02-14

While acknowledging his great evils, future strategists and historians will one day likely recognize Osama bin Laden’s strategic acumen. With minimal resources or technology, Osama bin Laden managed to create immense socioeconomic damage and nearly destroy both of his main enemies—the “godless” Communist Soviet Union and the Zionism-supporting United States. Bin Laden achieved this using only one simple weapon, a basic understanding of economics,...

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Truth and Reconciliation: Be Careful What You Wish For

2025-02-14

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2025-02-14

An early mentor once warned me, “If the public knew the truth, the markets would be cut in half.” Decades later the stock market has soared tenfold, but so has the deceit.We have a new administration coming in with a central promise of “truth.” Trump has placed what some call “radicals” in charge of key agencies and departments. The good news: this bold strategy may be the only way to cut through the noise to find the truth. The challenge: the...

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Birthright Citizenship Is as Constitutional as Roe v. Wade

2025-02-14

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2025-02-14

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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Unpacking the Document that Spells Out Trump’s Tariff Strategy

2025-02-14

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2025-02-14

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 Technological Revolution

2025-02-14

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2025-02-14

The technological revolution—spearheaded by advances in robotics and generative artificial intelligence (AI)—is poised to reshape industries, redefine job roles, and challenge traditional labor markets. While the disruptive potential of these innovations raises concerns about widespread job displacement, the evidence suggests a more nuanced reality: these technologies can complement human labor, create new job opportunities, and enhance...

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Robert Paul Wolff on Anarchism

2025-02-14

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2025-02-14

The death last month of the philosopher Robert Paul Wolff is a fitting occasion to call to the attention of libertarians, and particularly libertarian anarchists, his short book In Defense of Anarchism, originally published in 1970 and issued in a revised edition in 1976. In the book, Wolff argues that the state is illegitimate.To understand his argument, we first need to know what he means by a state. He holds that “the state is a group of persons...

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The Fed Has Its Eyes on Stablecoin

2025-02-14

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2025-02-14

With Central Bank Digital Currency (CBDC) banned by executive order, the Fed may have more incentive to explore alternatives in the cryptocurrency market. This week, Fed Governor Christopher J. Waller gave a speech titled: Reflections on a Maturing Stablecoin Market, sharing his thoughts on the potential role of the Federal Reserve in the private stablecoin market.According to the Governor:For the purposes of this speech, I define stablecoins as a...

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Populism and Classical Liberalism: Is There an Intersection?

2025-02-14

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2025-02-14

I write here to offer a teaser for a video on populism and classical liberalism, a lecture which I gave for the Bruno Leoni Institute in Milan. I redid the lecture on my own, and the recording has been graciously posted by Glenn Diesen:YouTube link: https://www.youtube.com/watch?v=MMMqrwZISjYThe slide-deck, which contains links, is here.Here are some points and slides from the lecture. I hope you find the video instructive!The deep state and its...

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Using Your Tax Dollars to Support Terrorists and Nazis

2025-02-13

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2025-02-13

This is not a joke. This is not hyperbole. This is not clever framing and not a fringe conspiracy. This is a verifiable reality that many Americans do not know, but ought to know, especially as they cheer on US foreign policy actions that morally undermine everything America stands for.World War II and 9/11 are often given as decisive and conclusive historical examples that justify US foreign policy: We had to fight the Nazis and we had to fight...

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Happy Worst President’s Day

2025-02-13

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2025-02-13

A 64-year-old woman with deep family roots in Alabama recently said to me that she was taught in Alabama public school that Abraham Lincoln was “the best president ever.” That would be a good example of the consequences of what the New England Yankee conquerors labeled “reconstruction.” The truth is that Lincoln was by far the worst president in American history. He was certainly the most “reviled” (by the people of the North during his lifetime),...

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Why They Really Hate Elon Musk

2025-02-13

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2025-02-13

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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Might Does Not Make Right: A Libertarian Perspective

2025-02-13

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2025-02-13

The common phrase “Might does not make right” resonates as a universal principle as it neatly relates the idea that being powerful does not inherently make one’s actions just. Most people intuitively agree with this concept. Indeed, suggesting otherwise would likely provoke suspicion and, if acted upon, condemnation. A person who justifies their actions solely on their power or strength would be seen as a bad actor and avoided by others.Yet this...

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The Effect of Westward Expansion on US Citizenship

2025-02-13

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2025-02-13

Yesterday in Mises Wire I looked at how citizenship in the United States was originally determined by the member states themselves. There was no definition of citizenship in either the original US constitution (i.e., the Articles of Confederation) on in the later 1787 constitution. Thus, the way to “US citizenship,” to the degree that it existed at all, was to become a citizen of one of the US’s member states.A problem with this situation quickly...

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Help Us Publish These Two Books!

2025-02-13

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2025-02-13

Please consider helping us publish these new books. Every donor of $500 or more will be listed in both books as a Patron. To become a Patron, click here. The deadline to be included is March 5.Freedom in One Lesson: The Best of Leonard ReadEdited with commentary by Gary GallesFreedom in One Lesson is an extensive collection of Leonard Read’s best, most powerful sustained arguments on behalf of liberty.Over ninety-seven short chapters, Gary Galles...

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Is There a Trump Doctrine in Foreign Policy?

2025-02-13

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2025-02-13

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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German “Democracy”: The Regime Bans Political Parties It Doesn’t Like

2025-02-13

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2025-02-13

In democracies, parties are supposed to rise and fall at the ballot box. However, in Germany a provision of the postwar constitution allows for political parties to be banned if they are deemed a “threat to democracy.” This unique constitutional mechanism has been used only twice, first against the Socialist Reich Party (SRP) in 1952 and later against the Communist Party of Germany (KPD) in 1956. Today, this legal tool is once again at the center...

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Don’t Save the Kennedy Center. Cut Off All Federal Funds.

2025-02-13

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2025-02-13

President Donald Trump has the opportunity to do de-fund one of the most useless and most propagandistic institutions that is kept alive by the sweat of taxpayers: The Kennedy Center for the Performing Arts. The Kennedy center is nothing but a playground for the wealthy and their friends in various entertainment industries.Unfortunately, Trump has apparently decided that while he tries to slash budgets from other areas, he’s going to keep throwing...

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