Category Archive: 6b.) Mises.org
McConnell Cannot Stop the Non-Interventionist Tide
Even Republican stalwarts like current Senate Minority Leader Mitch McConnell are starting to notice that something is shifting in the party. While McConnell announced recently that he would step down as Republican leader in the US Senate, in an interview last week he was adamant that he would continue to serve out his term in the Senate with one purpose in mind: “fighting back against the isolationist movement in my own party.”He sounds...
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Invasion Alert
Many Americans care about the dangers of mass immigration. Are they right to be concerned? In what follows, I’ll try to show that they are right. Immigration of elements hostile to American values does indeed pose a grave threat. But, if we are libertarians, don’t we have to defend “open borders”? I will argue that we don’t.One of the most obvious reasons mass immigration is a problem is its immense cost—hundreds of billions of dollars. A post from...
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Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High
According to the Bureau of Labor Statistics' latest price inflation data, CPI inflation in March rose to a seven-month high, and price inflation hasn't proven nearly as transitory as the regime's economists have long predicted. According to the BLS, Consumer Price Index (CPI) inflation rose 3.5 percent year over year during March, without seasonal adjustment. That’s the thirty-seventh month in a row of inflation well above the Fed’s arbitrary 2...
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Let’s Be Honest: The Economy Is NOT Doing Well
The American economy is not all right. But to see why, you need to look beyond the dramatic numbers we keep seeing in the headlines and establishment talking points.Take, for instance, the latest jobs report. For the third month in a row, the American economy added significantly more jobs than most economists had been expecting—a total of 303,000 for March. On its face, that’s a good number.But as Ryan McMaken laid out over the weekend, things...
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Watch Our New Fed Documentary Teaser Now!
Dr. Paul is right! People need to look at the money issue. Wars, spending, debt accumulation, subsidies, and foreign aid are intimately linked to the money machine known as the Federal Reserve.Central banks have two main purposes: inflate the money supply and bail out the big financial firms. By inflating the money supply, governments can finance their operations cheaply and surreptitiously at our expense. If we wish to expose the state and all its...
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Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates
Bernie Sanders, Elizabeth Warren, and the Congressional Progressive Caucus recently sent an open letter to the chairman of the Federal Reserve, Jerome Powell, demanding lower interest rates.The letter is full of the economic illiteracy one would expect from progressives, especially those in Congress. For example, it misreads price inflation data and argues that the failure to lower interest rates endangers home affordability and increases income...
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How State Intervention Fueled Haiti’s Descent into Chaos
[unable to retrieve full-text content]As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them.
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Two Cheers for Vivek Ramaswamy for His Commentary on the Fed
Tu ne cede malis, sed contra audentior ito
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Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
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Who Really Works Against the Public?
“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction.
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Personal Medical Bankruptcy: Made in DC
[unable to retrieve full-text content]When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies.
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Failing to Make the Case for Race-Based Reparations
Tu ne cede malis, sed contra audentior ito
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Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
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CNN Is Wrong. Deflation Is a Good Thing
Tu ne cede malis, sed contra audentior ito
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Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
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California’s Latest Hustle: Utility Bills Based on Ratepayers’ Income
Tu ne cede malis, sed contra audentior ito
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Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
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Police Dogs Have Abolished Constitutional Due Process
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Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436
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Carl Menger’s Overlooked Vital Evolutionary Insights
Carl Menger is widely recognized as one of the economists leading the so-called marginalist revolution along with William Stanley Jevons and Léon Walras. There are two other contributions by Menger that are relatively underappreciated and are vital for making sense of the socioeconomic order, including why mankind remains so lost in economic ignorance and tribalistic warmongering.They are, first, his insights into the proper method or way to study...
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Is Gold Overpriced or Can Its Price Go Even Higher?
This question has been at the center of a great many conversations I’ve been recently having with clients and friends. The way I like to answer it is with another question: Expensive compared to what?Despite its recent surge to record highs, there are compelling reasons why purchasing gold right now is a prudent decision, with strong indications that its value is poised to climb even higher. Making investment decisions solely based on the current...
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Banking’s Unique Business Model, And Why Capital is not a “Rainy Day Fund”
Banks are highly regulated businesses, as expected of entities to which we entrust our money, and from which we may expect to borrow someday to buy a home or start a business. Bankers interact with regulators daily. Investors wishing to establish a bank must first obtain capital pledges from future shareowners and apply for a bank charter from either federal or state government regulators. Once in business, a bank is overseen by one or more of the...
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The Rise of Populism Reflects the Decline in Individual Freedom
So-called populist political parties and politicians gained considerable traction with Western voters in recent years, despite being dismissed in many cases as “a threat to democracy” and “extremists” by mainstream politicians. With the election of Donald Trump in the US and of Javier Milei in Argentina, the surge in polls and electoral wins of right and far-right parties in several European countries sent shockwaves through the political...
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California’s Crony Capitalist Minimum Wage Law
On April 1, California raised the minimum wage for large fast food restaurant franchises to $20 an hour. This law will threaten seven hundred thousand jobs by destroying the state’s food franchising business; however, there is one notable fast food franchise exempted from this minimum wage hike: Panera.Greg Flynn is the second-largest Panera franchisee in the world, but he is also known for his close relationship with California governor Gavin...
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The Tariff of Abominations and the Era of Good Stealings
Few Americans seem aware of the fact that it was the New England Federalists who plotted to secede from the union a half century before the 1860-61 secession of the Southern states. Their efforts culminated in the Hartford secession convention of 1814 where they decided in the end to remain in the union after all, confident that they would eventually dominate national politics to their economic advantage. The leader of the New England secessionists...
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