Category Archive: 6b.) Mises.org

Filter archive by: Show All Show only Articles Show only Videos

Biden Perpetuates Washington’s Idiotic Steel Trade Policies

2024-05-02

by

2024-05-02

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...

Read More »

The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion

2024-05-02

by

2024-05-02

Hold up your hand if you think that the aggregate losses of an organization are an asset of that organization. No hands at all? Absolutely right. Losses are not an asset. That’s accounting 101. Yet the greatest central bank in the world, the Federal Reserve, insists on claiming that its continuing losses, which have accumulated to the staggering sum of $164 billion, are an accounting asset.The Fed seeks to palm off this accounting entry as a...

Read More »

Free-Market Profit Comes From Voluntary Exchange, not Exploitation

2024-05-02

by

2024-05-02

In our modern political culture, many people claim that profits are the outcome of some individuals exploiting other individuals. Hence, anyone who is seen trying to make profits is regarded as an enemy of society and must be stopped before inflicting damage. According to Henry Hazlitt, “The indignation shown by many people today at the mention of the very word profits indicates how little understanding there is of the vital function that profits...

Read More »

Hyperinflation and the Destruction of Human Personality

2024-05-02

by

2024-05-02

The Link between Economic Calculation and Human PersonalityEconomists and historians have clearly shown that the destruction of the value and function of money by hyperinflation makes economic calculation impossible and leads to economic and social disintegration and widespread poverty. What is not so clearly understood, even by many economists, is that during periods of rapid inflation, the inability to economically calculate undermines the very...

Read More »

The Misesian – 2024 V-01 I-02

2024-05-02

by

2024-05-02

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...

Read More »

Progress from Poverty

2024-05-02

by

2024-05-02

How Nations Escape Poverty: Vietnam, Poland, and the Origins of Prosperityby Rainer ZitelmannEncounter Books, 2024; xiii + 212 pp.Rainer Zitelmann has a well-deserved reputation as a defender of the free market; few, if any, can match his immense capacity for amassing relevant facts and using them effectively to support his arguments. This capacity is much in evidence in his latest book, How Nations Escape Poverty. They do so, Zitelmann says, by...

Read More »

Confusion Worse Confounded

2024-05-02

by

2024-05-02

Life after Capitalism: The Meaning of Wealth, the Future of the Economy, and the Time Theory of Moneyby George GilderRegnery Gateway, 2023; 212 pp.George Gilder looks at things in an original way, but this is not always a virtue. There is much good sense in Life after Capitalism, but to find it readers will have to wade through a great deal of mumbo jumbo. Let’s start with the good sense.Gilder contends that the contemporary American economy is...

Read More »

Javier Milei and Argentina’s Economic Challenge

2024-05-02

by

2024-05-02

The Misesian: It seems to many that Javier Milei was elected due to widespread dissatisfaction with the state of the economy in Argentina. Is this a correct assessment?Nicolás Cachanosky: Yes, I believe that is quite accurate. Argentina’s economy has been plagued by increasing inflation since 2007, reaching a world record of 210 percent in 2023. Additionally, the economy has been stagnant since 2011. Poverty rates are also troubling. Consider this:...

Read More »

From the Editor March / April 2024

2024-05-02

by

2024-05-02

Inflation Is Destroying UsOne of the most damaging shortcomings of modern statistics-based economics is that it all too often removes the individual human person from its analysis. In this setting, “economics” becomes a matter of “macro” aggregates and data factoids like GDP and CPI. This kind of “economics” removes the individual acting person as the central, key variable.Austrian School economics, on the other hand, never loses sight of the...

Read More »

Is America Headed for Stagflation?

2024-05-02

by

2024-05-02

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...

Read More »

How House Republicans Outsource Campus Speech Limits to George Soros

2024-05-02

by

2024-05-02

This week, the House passed H. R. 6090, a bill sold to the public as an “Antisemitism Awareness Act,” but effectively outsources the definition of actionable Civil Rights Act “antidiscrimination” violations to the International Holocaust Remembrance Alliance. In doing so, the DC uniparty has granted a significant concession on the First Amendment at a time when its freedom of speech is facing a coordinated attack from powerful, globalist...

Read More »

TikTok Hypocrisy

2024-05-02

by

2024-05-02

President Biden’s campaign will continue using the popular social media site TikTok even though the president supported a provision in the military aid bill he recently signed forcing TikTok’s parent company ByteDance to sell TikTok within 270 days. If ByteDance does not sell TikTok within the required time, TikTok will be banned in the USA. Biden’s continued use of TikTok to reach the approximately 150 million American TikTok users, is not the...

Read More »

Fraudulent Logic Guides the UK Smoking Ban

2024-05-02

by

2024-05-02

It is the waning days of the Sunak premiership, and the Conservative party still has a stonking majority despite its cataclysmic capitulation in the polls. The government is effectively a lame duck; everyone knows it has no support, yet it will still be around for a few more months. One would think that since the Conservative party still has a large majority in the House of Commons that it would let loose with policy and attempt real reform so that...

Read More »

Earth Day—A Phony Holiday

2024-05-02

by

2024-05-02

April 22 was Earth Day.. Brain-dead “President” Biden issued a proclamation about it. This said:“More than 50 years ago today, some 20 million Americans came together across the country to demand that we prioritize our planet’s well-being. They came from every walk of life and political background, and were united around a common vision: to protect the Earth and our natural treasures for future generations. Their actions that day ignited an...

Read More »

Want More Government Revenue? Just Write More Traffic Tickets.

2024-05-02

by

2024-05-02

On some level, all of us realize that traffic tickets are seen by local governments as a form of revenue. Supposedly, the intent behind issuance of fines for traffic offenses is to disincentivize behaviors which are deemed to be unsafe, such as driving over the speed limit or not wearing a seatbelt (despite the fact that the latter poses no risk to anyone but the driver). The punishment for this type of offense being almost always a fine, as...

Read More »

When Governments Want More Revenue, Police Gin Up the Cash by Writing Traffic Tickets

2024-05-02

by

2024-05-02

On some level, all of us realize that traffic tickets are seen by local governments as a form of revenue. Supposedly, the intent behind issuance of fines for traffic offenses is to disincentivize behaviors which are deemed to be unsafe, such as driving over the speed limit or not wearing a seatbelt (despite the fact that the latter poses no risk to anyone but the driver). The punishment for this type of offense being almost always a fine, as...

Read More »

Governments Could Stop Inflating If They Wanted. But They Won’t.

2024-05-01

by

2024-05-01

Price inflation is no coincidence. It is a policy. Governments, along with their so-called experts, attempt to persuade you that price inflation stems from anything other than the consistent, albeit slower, rise in aggregate prices year after year. Issuing more currency than the private sector demands, thus eroding its purchasing power and creating a constant annual transfer of wealth from real wages and deposit savings to the government.Oil prices...

Read More »

Butler, Butt Out!

2024-05-01

by

2024-05-01

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...

Read More »

Fiat Money is the Greatest Danger Our Economy Faces

2024-05-01

by

2024-05-01

In nature everything has a cycle. Birth, growth, maturation, death. Everything, including the planets and stars. Nothing stays the same. So why does our government believe they can master economic cycles and not experience ups and downs the way nature does? Throughout history, economies haven’t worked that way.For years, to enhance trade, countries tied their currencies to commodities that were scarce, valuable and had steady prices. Often, gold,...

Read More »

Thanks to Government Animal Control, Stray Animals Rule My Neighborhood

2024-05-01

by

2024-05-01

In my neighborhood, we have an animal control problem.When I go for a walk, I carry dog mace (a nonlethal alternative to my usual revolver) because there are always, always, loose dogs out. I’ve been followed around by barking dogs many times, and they’re not always on the same streets, which means it’s hard to avoid them. One of my neighbors’ guests was bitten by a loose collie. I narrowly avoided having to break up a dog fight when an aggressive...

Read More »