As the 2024 election cycle is heating up and the summer party conventions approach, Donald Trump—the current front-runner—has been trapped in a New York City courtroom. The former president is charged with thirty-four felony counts of falsifying business records with the intent to commit, aid, or conceal another crime.This is the first of four felony cases against Trump to go to trial, and it could very well be the only case to be decided before...
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Category Archive: 6b.) Mises.org
Christian Worship of the False God of Politics
Millions of American “evangelical” Christians have been indoctrinated in the idea that they must be worshipful of Israeli politicians and bureaucrats. This is so because they are taught by preachers like John Hagee that the Bible says that God will bless those who bless the nation of Abraham. The absurdity of it all is that pop religionists like Hagee falsely conflate the Israel of the Bible with today’s politicians and bureaucrats of the...
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Order without the State: Lessons from Marjorie Kinnan Rawlings’s Florida Scrub
There have been all manner of land disputes over the course of human history, but one type of conflict that seems to surface time and again is a situation in which nonowners are suddenly barred from land that they have always had free access to.Just think of the English enclosures (roughly 1450 to 1860), in which manorial landowners fenced in lands that were legally theirs but which before had been governed by the rules of the open-field system, in...
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Free-Market Profit Comes From Voluntary Exchange, not Exploitation
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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No, Milei Is Not a Fascist
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 TikTok Ban Is the Next Patriot Act
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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State Coercion and the Injustice of Apartheid
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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Can There Be an Alliance between Austrian and Feminist Schools of Economics?
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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Somaliland Needs Self-Determination
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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What Can Carl Menger Teach Us about Falafel Sandwiches?
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 American Labor Market: Fact vs. Fiction
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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Thinking Properly about Public Welfare
The debate over publicly funded welfare can be solved very quickly. There is constant demand for more welfare: more money for longer periods of time for those out of work, more money for the handicapped and a more liberal definition of what is considered to be handicapped, more money for the disabled (which assumes that the recipients once were not disabled) and more categories for what is considered to be a disability, and larger increases in...
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Will the Fed Lose Control?
According to new reports from the Social Security and Medicare trustees, Social Security and a Medicare fund that pays for hospital expenses will both begin running deficits in 2035 and 2036. Disappointingly, but not surprisingly, Congress was too preoccupied spending billions more on military aid for foreign countries and banning TikTok to pay attention to the looming bankruptcy of the two largest federal entitlement programs.Many in Congress no...
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War Hysteria Fuels New Attacks on Free Speech
Washington’s interventionist and bipartisan foreign policy blob in recent weeks has pushed two new and despotic pieces of legislation. Both are designed to consolidate even more federal power in the name of combatting various alleged foreign enemies. The first of these is the so-called “TikTok ban” with the Orwellian name “Protecting Americans from Foreign Adversary Controlled Applications Act,” signed into law on April 24. Supporters claim that...
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How Does Money in Our Possession Acquire Value?
Why does the dollar bill in our pocket have value? The value of money is established, according to some experts, because the government in power says so. For other commentators, the value of money is on account of social convention.The Difference between Money and Other GoodsDemand for a good arises from its perceived benefit. For instance, individuals demand food because of the nourishment it offers them. With regard to money, individuals demand...
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Orwell’s America
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Lending without Saving Brings Recession and Poverty
Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?The Meaning of CreditFor instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.Note...
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Real Savings and Lending: What Is the Relationship?
Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case?The Meaning of CreditFor instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides to lend for one year to a farmer named Bob. The unconsumed one kilogram of potatoes that he agrees to lend is his real savings.Note...
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They Want to Scare You with Myths of “Unhampered Capitalism”
Bad ideas are sometimes the hardest to dethrone. It’s probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound? Is it vulnerable to inflation? Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?There any many myths surrounding hard money currencies, and one of...
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Profit Is Not Plunder
Frédéric Bastiat in his book The Law distinguishes between profit and plunder. Profit is financial gain earned through industrious behavior. Business owners make a profit by selling products at a greater amount than what it costs to produce that product. Plunder, by contrast, is the theft of property through nonvoluntary means, such as theft, coercion, or fraud. Bastiat noted that while most plunder is illegal, there remains one major exception:...
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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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