In Race & Economics, Walter Williams emphasizes the importance of causality in understanding racial inequality. He argues that it is not enough to document and track economic inequality — it is necessary also to understand its causes.Without understanding the causes of any perceived problem, any attempts to resolve it are no more than wild stabs in the dark. For example, Kamala Harris recently argued that black people are less likely to be...
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Category Archive: 6b) Austrian Economics
Removing the “Great” from Britain
Last month, Britain made a dangerous swing to the left. Private education has been attacked, more public housing, the promotion of environmental Marxism, and much more. But that isn’t to say there wasn’t an unspoken gospel among the main parties concerning the deliberate impoverishment of the British Isles. Merely aesthetic differences separate them.A distinguished associate of mine told me about his grievances, the attacks against people earning...
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Sri Lanka as a Role Model for the US
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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Population
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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MILEI DESTRUYE la INFLACIÓN y la IZQUIERDA MIENTE para OCULTARLO
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Taxation in Brazil has Become a Laughable Spectacle
One of the oldest weapons against politics is humor, and it is precisely this that politicians detest the most. They cannot understand themselves as targets of jokes because they see themselves as anointed and enlightened leaders, guiding the ignorant masses. They also despise humor because they cannot control it. Often, humor arises spontaneously, as seen recently with memes associated with Brazil’s finance minister, Fernando Haddad.There has been...
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Selfishness of Soul?
Egoism Without Permission: The Moral Psychology of Ayn Rand’s Ethicsby Tara Smith, University of Pittsburgh Press, 2024, xi + 246 pp.Tara Smith, who teaches philosophy at the University of Texas at Austin, is a distinguished exponent of Ayn Rand’s Objectivist ethics, about which she has written several previous volumes. In Egoism Without Permission, she challenges a misconception about Rand’s ethics, namely that, because of its stress on reason, it...
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Selfishness of Soul?
Egoism Without Permission: The Moral Psychology of Ayn Rand’s Ethicsby Tara Smith, University of Pittsburgh Press, 2024, xi + 246 pp.Tara Smith, who teaches philosophy at the University of Texas at Austin, is a distinguished exponent of Ayn Rand’s Objectivist ethics, about which she has written several previous volumes. In Egoism Without Permission, she challenges a misconception about Rand’s ethics, namely that, because of its stress on reason, it...
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The Collapse of the Yen Carry Trade: Impending Recession?
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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Was die EU über mein Vermögen wissen will – Update zum neuen EU-Vermögensregister
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What has the Fed Done to Our Lives?
[The following is derived from a speech in my novel, The Flight of the Barbarous Relic.]Wars must be funded, and for this, governments functioning as states call upon the banking system for assistance.Central Bank counterfeiting, which is another name for inflation, is the fuel that energizes the forces of war. Inflation, or counterfeiting, amounts to issuing receipts for something that doesn’t exist, which legally is the prerogative of the central...
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WSJ: Ukraine (with Zelensky’s Knowledge) Destroyed the Nordstream Pipeline
In September 26, 2022, seven months after the Russian invasion of Ukraine, saboteurs destroyed the Nordstream pipeline which was a major conduit of natural gas to Germany and western Europe. At the time, NATO personnel, the US regime, and the Ukraine regime all denied involvement, and all even implied that the Russians themselves had somehow been involved. The US media dutifully repeated Washington’s party line, repeatedly hinting that Putin had...
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Kamala Wants Price Controls, and It’s Not Because She Has “Good Intentions”
The Kamala Harris campaign announced today that it will present a plan to ban “price gouging” by food suppliers. In other words, the Harris campaign plans to mandate price controls.Get ready for rising prices and shortages in meat and other groceries, because that’s where laws against “price gouging”—which are price controls—lead. According to UPI: Vice President Kamala Harris will propose a federal ban on corporate food and groceries price...
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Los MEDIOS MIENTEN sobre la charla entre TRUMP y MUSK
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The EU and the Globalist Censorship of Speech on X
As I argued in October of 2022, Elon Musk’s takeover of Twitter (now X) would represent an important test case for the freedom of speech on social media against the globalist, woke, and totalitarian agenda for the censorship of “hate speech,” “misinformation,” and “disinformation.” In that essay, I also predicted that one of the main obstacles for free speech on X would be the Digital Services Act (DSA) of the European Union (EU), as administered...
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Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money
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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The Dangerous Tim Walz
Originally published at LewRockwell.com.Kamala Harris is bad enough, but stress on her manifest deficiencies should not make us lose sight of the problems with her running-mate, Governor Tim Walz of Minnesota, who would become president if Kamala were elected and something happened to her.Walz is a “progressive” of the worst sort, close to being an outright communist. During the notorious Geroge Floyd riots after BLM (Black Lives Matter [but White...
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Markets Quake as Monopolist Capital Pursues a Technological Coup
A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets. This is the role of “monopoly capital” in stimulating wild technological change which by-passes potential benign control by the invisible hands of free markets.In assessing the charge against monopoly capital, the concept of revolution and its differentiation from coup is important. Revolution starts from below amidst...
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A Review of Nock’sThe Theory of Education in the United States
Albert J. Nock was one of Murray Rothbard’s favorite essayists, and for good reason; his erudition, clarity of thought, and wisdom make his works supremely edifying and a joy to read, and none more so than his Theory of Education in the United States (1932).Nock sets out to examine the theoretical underpinnings of the American education system, which that had undergone an ill-fated organizational “revolution” around the turn of the 20th century...
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Review: The Theory of Education in the United States
Albert J. Nock was one of Murray Rothbard’s favorite essayists, and for good reason; his erudition, clarity of thought, and wisdom make his works supremely edifying and a joy to read, and none more so than his Theory of Education in the United States (1932).Nock sets out to examine the theoretical underpinnings of the American education system, which that had undergone an ill-fated organizational “revolution” around the turn of the 20th century...
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On Swiss National Bank
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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SNB Sight Deposits: decreased by 3.6 billion francs compared to the previous week
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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
Main SNB Background Info
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