President Joe Biden is outraged. It seems that women’s basketball star Caitlin Clark, who played for the University of Iowa, does not have a rookie Women’s National Basketball Association (WNBA) that a typical NBA (for the men) top draft pick would have. He declared on his official X (formerly Twitter) account:Women in sports continue to push new boundaries and inspire us all. But right now we're seeing that even if you're the best, women are not...
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Category Archive: 6b.) Mises.org
Gross Domestic Income Shows America Is In Stagnation
In a recent CNN poll, 48% of respondents stated that they believe the economy remains in a downturn, and only 35% said that things in the country today are going well. The disparity between somber economic sentiment and a surprisingly strong headline unemployment rate and Gross Domestic Product (GDP) can be easily explained.The divergence between headline GDP and Gross Domestic Income (GDI) is staggering. While GDP suggests a strong economy, GDI...
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The PPI Again!
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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Climate Worries Are Non-Credible, Luxury Beliefs That Harm Civilization Itself
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Renato Moicano Cares About His Country More Than Sohrab Ahmari
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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Argentina: Mises and Milei, 65 Years Apart
Ludwig Von Mises gave six lectures in 1959 in Buenos Aires, Argentina where, “he spoke in nontechnical terms suitable for his audience of business professionals, professors, teachers, and students. He illustrates theory with homespun examples. He explains simple truths of history in terms of economic principles. He describes how capitalism destroyed the hierarchical order of European feudalism and discusses the political consequences of various...
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Tariffs Are Taxes on Americans—But Protectionists Pretend Otherwise
During the 2016 and 2020 campaigns, Trump's opponents in the Democratic party (and elsewhere) often pointed out that Trump's protectionism hobbles private markets and the economy overall. Yet, the allegedly anti-protectionist Biden administration has done virtually nothing to end Trump's protectionists policies put in place from 2017 to 2020. The motivation is unclear, but it is possible that the Biden administration realized that protectionism is...
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The Indian Congress Conundrum: Secularism, Socialism, and the Search for a New Path
On April 4, 2024, senior leaders of the Indian National Congress (hereinafter referred to as the "Congress") either faced expulsion from the party or voluntarily departed. Former National Spokesperson of the Congress, Mr. Gaurav Vallabh, recently joined the incumbent Bharatiya Janata Party (hereinafter referred to as the "BJP"). On April 3, 2024, the Congress expelled Senior Leader of Maharashtra Congress, Mr. Sanjay Nirupam,...
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The Tiny Island That Serves As a Tripwire for War between the US and China
Earlier this year, the Academy of Motion Picture Arts and Sciences nominated Island in Between in the Best Documentary Short Film category at the ninety-sixth Academy Awards. Although it didn’t end up taking home the Oscar, the documentary drew attention to the little-known Kinmen Island and its precarious position as an inflection point in the relationship between Taiwan, mainland China, and the continuing involvement of the United States....
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The Seen and the Unseen: Implications of Biden’s New Tariff
Biden’s newest proposal for steel tariffs join a long list of tariff policies that ignore the unseen damage that will be done to the U.S. economy by raising them.This week, President Biden announced that he would seek to triple tariffs specifically on Chinese steel imports from 7.5 percent to 25 percent. This is an aspect of his campaigning in Pennsylvania where he seeks support from blue-collar steel workers who face competition from foreign steel...
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Freedom Fest 2024
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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Murphy’s Exposé on Money and Banking
The consequences of this short-lived paradise [inflation] are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased governmental controls, and eventual collapse. — Hazlitt, Henry. Man vs. The Welfare State (LvMI) (p. 136). Ludwig von Mises Institute. Kindle Edition.“A few months,...
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For a New Liberty: Discussion Questions
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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100-Percent Reserves banking in Argentina and the Real Bills Doctrine
My latest contribution to the debate on Milei´si banking reform and the 100% reserve ratio has received a response in form of a video by Juan Ramón Rallo who defends a fractional reserve banking system based on real bills. The video is mainly about the question of whether fractional reserve banking necessarily triggers an Austrian business cycle, given that fractional reserves allow banks to create new money (fiduciary media) and channel it into...
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Can John C. Calhoun Save America?
In an essay entitled “A Strategy for the Right” the late economic and libertarian scholar, Professor Murray N. Rothbard, called John C. Calhoun’s Disquisition on Government “one of them most brilliant essays on political philosophy ever written.” Published in 1850, the year of his death, Calhoun’s Disquisition warned – and explained – how the American political system could evolve into tyranny, and how to stop that from happening. Americans are now...
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Social Security and the Decline of the Employer Pension System
The Social Security Act is considered the first federal social welfare program in American history, being signed into law by President Franklin Roosevelt in 1935. American government pensions have existed for government employees and veterans since the Civil War, and private pension systems even longer. There was not great support for a public pension system in the US, as voluntary association and self-sufficiency was the standard. An example of...
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Speaker Mike Johnson Continues the GOP’s War against Freedom
Thomas Woods has reminded us more than once that "no matter who you vote for, you get John McCain." It's not strictly and always true, of course, but the evidence is clear that it's often true. The latest example is the GOP's speaker of the House Mike Johnson (R-Louisiana) who has turned out more or less exactly like us skeptics have predicted. Johnson is a friend to the war party, a do-nothing on issues important to the rank and file...
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Classical Liberal Roots of the Marxist Doctrine of Classes
Few ideas are as closely associated with Marxism as the concepts of class and class conflict. It is, for instance, impossible to imagine what a Marxist philosophy of history or a Marxist revolutionary theory would be in their absence. Yet, as with much else in Marxism, these concepts remain ambiguous and contradictory. For instance, while Marxist doctrine supposedly grounds classes in the process of production, The Communist Manifesto asserts in...
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Murray Rothbard Understood the Importance of Self-Ownership
In Aristotle’s well-known Ethics, he poses an age-old question: Can reasoning guide action, and should it direct our way of living? Unfortunately, this question loses its relevancy when put in the context of coercive governments, not unlike our own twenty-first-century American government which is hypervigilant and ever present in many aspects of our lives, including our education. What autonomy are people left with for the formation of reasoning...
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A Message from the Great Dr. Ron Paul
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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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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