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Explaining the Quirks in the GDP Report

Mises Institute ·

2025/05/12

Bob Murphy digs into the latest GDP numbers, questions Peter St. Onge’s optimistic spin, and shows what the data really says about tariffs, trade, and recession fears.

Jordan Peterson and the Real “Dark Tetrad”

Mises Institute ·

2025/05/12

Peterson implies the “dark tetrad” is emerging on the non-interventionist right, cloaking their real intentions with conservative rhetoric. Interestingly, however, a historical parallel exists in neoconservatism, whose intellectual roots are deeply rooted in Machiavellianism.

Wealth Generation and the Market Economy

Mises Institute ·

2025/05/12

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.

Don’t Be A Panican, But Question Government Shenanigans

Mises Institute ·

2025/05/12

Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is why we always should question those political decisions that can turn our lives upside down.

Schumpeter on the Dangers of the "Tax State"

Mises Institute ·

2025/05/12

The modern state, unlike the medieval monarchy, does not merely tax to sustain itself or to defend the nation. It taxes to reshape society and to manage an increasingly restive population.

US taxpayers are tiring of paying for the State of...

Mises Institute ·

2025/05/12

A Gallup survey taken in March this year found only 46% of Americans expressed support for Israel (the lowest level in 25 years of Gallup's annual tracking).

The Top Twenty Federal Business Subsidy Receivers

Mises Institute ·

2025/05/12

These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.

The Political Business Cycle 50 Years Later

Mises Institute ·

2025/05/10

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.

Why Elon Musk Is Right: The Case Against Subsidizing...

Mises Institute ·

2025/05/10

Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.

The Gold-Silver Ratio

Mises Institute ·

2025/05/10

Mark Thornton digs into the gold-silver ratio—its wild swings, its history, and what it might mean for investors and the world at large.

P.T. Bauer’s Reminders on Foreign Aid

Mises Institute ·

2025/05/09

The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World nations in the name of “development.” Bauer demonstrated conclusively that such donations actually impede economic growth in poor nations.

The Spanish Blackout Is a Warning to the World

Mises Institute ·

2025/05/09

The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their own citizens.

Enslavement of Native Americans in the Caribbean

Mises Institute ·

2025/05/09

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.

Truth or Consequences

Mises Institute ·

2025/05/09

This week on Friday Philosophy, Dr. David Gordon reviews The Price of Our Values by Augustin Landier and David Thesmar. While the authors claim that economists often substitute utilitarianism for moral values, they dismiss any idea of objective standards for morality.

Only Congress, Not the President, Can Initiate War

Mises Institute ·

2025/05/09

Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and legislature. It is, he claims, “an invitation to struggle for the privilege of directing American foreign policy.”

Federal Judge Sets Free Op-Ed Writer

Mises Institute ·

2025/05/09

Federal prosecutors were not able to produce any evidence at all other than an op-ed Ozturk wrote.

Gov. Newsom Appeals to the Sunk Cost Fallacy to...

Mises Institute ·

2025/05/08

In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government officials, however, see sunk costs as an incentive to promote public projects where costs clearly outweigh benefits.

The Fed Leaves Fed Funds Rate at 4.5% as Economic...

Mises Institute ·

2025/05/08

The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy.

Will Trump Follow Nixon’s IRS Road to Ruin?

Mises Institute ·

2025/05/08

Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and it helped bring down his presidency.

Woke-Baiting and the New Left-Wing Smear Bund

Mises Institute ·

2025/05/08

Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as "Woke Right."

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