Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is why we always should question those political decisions that can turn our lives upside down.
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Category Archive: 6b.) Mises.org
Schumpeter on the Dangers of the “Tax State”
The modern state, unlike the medieval monarchy, does not merely tax to sustain itself or to defend the nation. It taxes to reshape society and to manage an increasingly restive population.
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US taxpayers are tiring of paying for the State of Israel
A Gallup survey taken in March this year found only 46% of Americans expressed support for Israel (the lowest level in 25 years of Gallup's annual tracking).
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The Top Twenty Federal Business Subsidy Receivers
These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.
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The Political Business Cycle 50 Years Later
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
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Why Elon Musk Is Right: The Case Against Subsidizing Amtrak
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.
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The Gold-Silver Ratio
Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the world at large.
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P.T. Bauer’s Reminders on Foreign Aid
The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World nations in the name of “development.” Bauer demonstrated conclusively that such donations actually impede economic growth in poor nations.
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The Spanish Blackout Is a Warning to the World
The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their own citizens.
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Enslavement of Native Americans in the Caribbean
The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.
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Truth or Consequences
This week on Friday Philosophy, Dr. David Gordon reviews The Price of Our Values by Augustin Landier and David Thesmar. While the authors claim that economists often substitute utilitarianism for moral values, they dismiss any idea of objective standards for morality.
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Only Congress, Not the President, Can Initiate War
Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and legislature. It is, he claims, “an invitation to struggle for the privilege of directing American foreign policy.”
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Federal Judge Sets Free Op-Ed Writer
Federal prosecutors were not able to produce any evidence at all other than an op-ed Ozturk wrote.
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Gov. Newsom Appeals to the Sunk Cost Fallacy to Promote the Failed Bullet Train
In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government officials, however, see sunk costs as an incentive to promote public projects where costs clearly outweigh benefits.
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The Fed Leaves Fed Funds Rate at 4.5% as Economic Storm Clouds Gather
The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy.
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Will Trump Follow Nixon’s IRS Road to Ruin?
Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and it helped bring down his presidency.
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Woke-Baiting and the New Left-Wing Smear Bund
Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as "Woke Right."
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Leo XIV elected Pope (fmr. Cardinal Robert Prevost)
Considered centrist (by modern standards), not outspoken on political issues. Born American, but has been a Peruvian bishop for the past 11 years and is deeply connected to Latin America.
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Does Wealth Inequality Cause Degradation?
In the name of fighting income inequality, pundits in the UK and US are calling for wealth taxes as magic bullets that will restore an imaginary state of income equality that never existed in the first place. It is time to abandon this idea for good.
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Restaurant Brands earnings miss as consumers spend less on fast food
The bottom 80% of America is in recession and is starting to cut back on extra spending such as fast food.
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On Swiss National Bank
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SNB Sight Deposits: decreased by 15 billion francs compared to the previous four weeks
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
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