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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."

Leo XIV elected Pope (fmr. Cardinal Robert Prevost)

Mises Institute ·

2025/05/08

Considered centrist (by modern standards), not outspoken on political issues. Born American, but has been a Peruvian bishop for the past 11 years and is deeply connected to Latin America.

Does Wealth Inequality Cause Degradation?

Mises Institute ·

2025/05/08

In the name of fighting income inequality, pundits in the UK and US are calling for wealth taxes as magic bullets that will restore an imaginary state of income equality that never existed in the first place. It is time to abandon this idea for good.

Restaurant Brands earnings miss as consumers spend...

Mises Institute ·

2025/05/08

The bottom 80% of America is in recession and is starting to cut back on extra spending such as fast food.

Autos Used vehicle pricing barometer jumps to highest...

Mises Institute ·

2025/05/08

To be sure there are probably two factors at work here. One is tariffs and the other is the fact that auto loan delinquencies are rising and people need cheaper cars.

California's Bullet-Train Delusion

Mises Institute ·

2025/05/08

California economist and resident/victim William Anderson joins us to talk about the absurdity of California's bullet train plan, and how it ignores economic realities.

Some Straight Talk to the Anti-Free Traders

Mises Institute ·

2025/05/08

Oh, I know, you aren’t really against free trade per se. You just demand a “level playing field.” Demanding a level playing field for international trade is a complete waste of time.

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