Category Archive: 6b.) Mises.org

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The UK Is Reverting to Railway Socialism

2024-04-30

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2024-04-30

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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Wokism, Marxism and the Failures of Academic “Liberalism”

2024-04-30

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2024-04-30

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 Justice Outside of the State? Yes

2024-04-30

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2024-04-30

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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Anarchy, State and Utopia: Robustly against Redistributive Taxation for 50 Years

2024-04-30

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2024-04-30

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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Is Libertarianism Just Another Form of Critical Theory?

2024-04-30

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2024-04-30

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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Creating Wealth: The Cantillon or the Smith Way

2024-04-30

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2024-04-30

For those who have any exposure to the subject, Adam Smith is the father of modern economics. Few have heard of Richard Cantillon. Both wrote on the subject of wealth creation, Cantillon in Essay on the Nature of Trade in General and Smith in The Wealth of Nations. Of the two, Cantillon, who preceded Smith, may have had a firmer grasp on the dynamics of wealth creation. Cantillon is considered the father of entrepreneurship, whereas Adam Smith...

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Defending Individual Liberty

2024-04-30

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2024-04-30

The ideal of individual liberty is perennially under attack not only from socialists, as one might logically expect, but also from conservatives who regard individualism as a form of selfishness. The ordinary meaning of selfishness is “caring only about what you want or need without any thought for the needs or wishes of other people,” and many conservatives see this as a major contributing factor in social decline. The conservative British...

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The Great Chocolate Crisis of 2024

2024-04-29

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2024-04-29

You probably haven’t even noticed the Great Chocolate Crisis of 2024, but it is real and some of us are very concerned! The wholesale price of cocoa, which comes from the cocoa bean, is the main ingredient in chocolate and has skyrocketed in price!When the Spanish Conquistadors came across cocoa 500 years ago it was use by the Aztecs of Mexico in a drink combined with hot peppers—Talk about “hot coco!” It was called "the food of the...

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How EU Law Has Made the Internet Less Free for Everyone Else

2024-04-29

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2024-04-29

If you have been using the internet for longer than a couple of years, you might have noticed that it used to be much “freer.” What freer means in this context is that there was less censorship and less stringent rules regarding copyright violations on social media websites such as YouTube and Facebook (and consequently a wider array of content), search engines used to often show results from smaller websites, there were less “fact-checkers,” and...

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Attention mises.org Readers! Treat the Students in Your Life to The Best Week of Their Year

2024-04-29

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2024-04-29

The thirty-eighth annual Mises University, where I have lectured for more than thirty of those years, will be held from July 28th to August 3rd at the Mises Institute in Auburn, Alabama. Year after year, student attendees from all over the world tell us that it was the best week of their school year; that they learned more about the economic world in that week than in four years of college; that they would love to come back next summer; and that...

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Campus Kids Could Deliver Gaza

2024-04-29

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2024-04-29

American foreign policy is a museum of horrors in which Gaza 2023/2024 is the main exhibit.It is my conviction that Gaza is much more than just one more American foreign-policy failure, an event and topic to swill around like mouth wash, spit out and move on, once the usual “tsk, tsk” bromides have been disgorged.Uncle Sam’s usual deathly mixture of ignorance, cruelty and superiority has been exceeded with respect to Gaza. It is my belief that the...

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Mises in Argentina: Lessons of the Past for Today

2024-04-29

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2024-04-29

Ludwig von Mises visited Argentina in June 1959 by invitation of Dr. Alberto Benegas Lynch. The lectures Mises delivered at the University of Buenos Aires are reproduced in the book Economic Policy: Thoughts for Today and Tomorrow. As the title suggests, the economic knowledge transmitted by Mises was for both those days and for the future. Argentina in 1959 was in a recession, the Frondizi administration trying to cope with the terrible situation...

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Freedom of Contract and Property Rights

2024-04-27

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2024-04-27

The classical liberal defense of contractual freedom is derived from the principle of individual autonomy. Freedom of contract entails the right to enter into or exit from contracts at will. As Richard Epstein argues in his defense of the contract at will:The first way to argue for the contract at will is to insist upon the importance of freedom of contract as an end in itself. Freedom of contract is an aspect of individual liberty, every bit as...

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Central Banks Are Wrong about Rate Cuts

2024-04-27

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2024-04-27

When we talk about monetary policy, people do not understand the importance of interest rates reflecting the reality of inflation and risk. Interest rates are the price of risk and manipulating them down leads to bubbles that end in financial crises, while imposing too high rates can penalize the economy. Ideally, interest rates would flow freely and there would be no central bank to fix them.A price signal as important as interest rates or the...

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The Great Chocolate Crisis

2024-04-27

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2024-04-27

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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Economic Education Has Become Economic Disinformation

2024-04-27

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2024-04-27

Modern economics is in terrible shape. But economics education appears to be worse still. This becomes clear when discussing basic economics with those who have taken courses in the field. Rather than doing away with economic misunderstandings and outright nonsense, economics education apparently provides students with a pseudoscientific rationale for their illusions.Two such ideas are annoyingly common. One is the view that markets can only work...

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What’s Wrong With Biden’s Housing Tax Credit?

2024-04-27

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2024-04-27

In his state of the union address, President Biden expressed his desire for a $400 a month tax credit over two years for first time home buyers. I have argued for years that tax credits are a good thing, and still maintain that they are a good thing. Yet, I am leery of Biden’s tax-credit proposal.Biden’s proposal was one of several relating to housing:I know the cost of housing is so important to you.If inflation keeps coming down mortgage rates...

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Did the MMT Camp Correctly Predict the Post-Covid Economy?

2024-04-26

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2024-04-26

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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Word of the Day: Performative

2024-04-26

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2024-04-26

The western media are, above all, phraseologists. Managing massive vertically integrated “states” requires the controlled and targeted use of repetitive government approved language, propaganda, jingoism, repeated phrases to channel thought and energy.We’ve seen a lot of “performative” progressivism in recent years – Black Lives Matter and reparations from the Civil War, incessant genderology above the fold, Trump Derangement Syndrome, tomato soup...

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Help Us Publish These Three New Books

2024-04-26

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2024-04-26

Please consider helping us publish these three new books: The World at War, Full Reserve Banking vs. Real Bills Doctrine, and Austrian Business Cycle Theory: an Introduction. The World at Warby Ralph Raicoedited by Edward FullerTo understand war, you also have to understand economics. Ralph Raico’s lecture “The World at War” is a masterpiece. Recorded in 1983, it remains perhaps the best introduction to the classical-liberal interpretation of the...

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