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Dred Scott, Politics, and the "Living" Constitution

Mises Institute ·

2024/12/13

Some legal “experts” are claiming that the Supreme Court‘s infamous 1857 Dred Scott decision is still used in current law. That, of course, is nonsense. In fact, soon after its passage, many northern states essentially nullified “Scott” at the state level.

2025’s Federal Deficit May Be the Biggest Ever

Mises Institute ·

2024/12/13

If you thought federal deficits and spending would go back to normal after the covid panic, you were wrong. If anything, deficits are now on track to be bigger than the covid years.

Trump’s Economic Policies: The Good, The Bad, and the...

Mises Institute ·

2024/12/13

President-elect Trump has promised changes in economic policies. How well they work and how they will affect us remains to be seen. Here is a look at proposals that have promise—and proposals that are likely to cause harm.

The US Is Now on Track for a $3.5 Trillion Deficit in...

Mises Institute ·

2024/12/13

With the two-month total at over $620 billion, the year-end total is likely to be over $3.5 trillion by the end of the year. That would make the next annual deficit even larger than 2020’s.

Slavery—Cronyism, Opportunity Cost, & Deadweight Loss

Mises Institute ·

2024/12/13

A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy.

The Missing Secret

Mises Institute ·

2024/12/13

Modern academics are relentless in trying to find any nuances they can from the works of Karl Marx, but they miss the larger issues with his work. Marx was alive and active when the marginalists logically took apart his value theory, but hope springs eternal for Marx‘s supporters.

What's More "Wicked" than the Crime of '73?

Mises Institute ·

2024/12/13

Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s.

The Jacobin Origins of Nationalism

Mises Institute ·

2024/12/13

Why Does Government Always Make the Same Economic...

Mises Institute ·

2024/12/13

Stakeholder Capitalism and the Corporate KPI Cult

Mises Institute ·

2024/12/12

Political activists in corporate America invented the “key performance indicators” (KPIs) which make us less productive and are essentially God‘s gift to bureaucracy.

Economists and the State: From Enemies to Friends

Mises Institute ·

2024/12/12

The state and its friends reject the scarcity principle and uphold its polar opposite, the Santa Claus principle.

The Misesian, vol. 1, no. 6, 2024

Mises Institute ·

2024/12/12

Another national election has come and gone. Unfortunately, though, opposition to the status quo is not the same thing as support for peace, freedom, or free markets.

Nock's Enemy, the State

Mises Institute ·

2024/12/12

There are two ways in which people in a community can coexist. One is by peaceful cooperation, and the other is by taking what others have produced.

The Second Trump Term and the "Sanctions Industrial...

Mises Institute ·

2024/12/12

Washington has wielded the sanctions weapon against nearly a third of all nations on earth. It is time to rethink these policies, and one hopes the incoming Trump administration will do just that and change course.

Printing Power: The Central Bank and the State

Mises Institute ·

2024/12/12

Ready and generous deficit financing is key to state power. This was most recently evident in the gigantic deficits of the covid financial and economic crisis and the vast subsidies of its aftermath, which led, as we have said, to peak Fed in March 2022.

The Bailout Fallacy

Mises Institute ·

2024/12/12

Ruchir Sharma, a non-Austrian, gets it right. He lends strong support to the Austrian position that because competition moves resources to where they best fulfill consumer demand, the government must not interfere with this process by bailing out businesses that fail.

Selections from Our Enemy, the State: Supports Summit...

Mises Institute ·

2024/12/12

The theme that connected all of the weekend’s talks at the 2024 Supports Summit was “Our Enemy, the State.” It was a gathering of the "remnant," those who recognize that the government is our common enemy. These are selections from several of the talks.

Provoked: The Long Train of Abuses that Culminated in...

Mises Institute ·

2024/12/12

While the Washington political establishment demonizes Russians for the invasion of Ukraine, our political elites should look in the mirror. Washington played a major role in provoking this conflict in its attempt to restart the Cold War.

Why Politicians Love Tariffs

Mises Institute ·

2024/12/12

Mises Institute President Tom DiLorenzo joins Ryan McMaken to look at the many ways that the taxes, known as "tariffs," destroy wealth and empower the state.

Who Ultimately Pays the Cost of Protective Tariffs?

Mises Institute ·

2024/12/12

It is a benefit of sound economic theory that it proves very useful in the refutation of popular fallacies and misconceptions about the workings of the market economy.

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