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Zohran Mamdani’s Socialism Flunks Basic Economics

Mises Institute ·

2025/11/30

New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

Contagion

Mises Institute ·

2025/11/29

Politicians and central bankers invoke "contagion" to demand more power and money, while their interventions cause the very fragility they decry.

Does AI lead to Socialism?

Mises Institute ·

2025/11/28

The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring about socialism. Neither is true.

The Anti-Capitalist Mentality of the Estado Novo

Mises Institute ·

2025/11/28

Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s demise, but anti-capitalist thinking still dominates among Portugal’s ruling elites.

The Great Depression: An Austrian Reply to WIRED

Mises Institute ·

2025/11/28

Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the role of the Fed and the gold standard, and the notion that World War II ended the slump.

The Impossible Two Percent: Why Central Banks Cannot...

Mises Institute ·

2025/11/28

While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.

Hofstadter on Lincoln

Mises Institute ·

2025/11/28

Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward him.

Thanksgiving: A Celebration of Domestic Life

Mises Institute ·

2025/11/28

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.

The Economics of Santa Claus

Mises Institute ·

2025/11/28

A satirical essay from a 1978 classroom, speculating about what it would cost to become Santa.

Warren Harding: A Sinner in the Hands of Angry...

Mises Institute ·

2025/11/27

Warren Harding provides a case for how lies and myths—in the name of the truth—can be centralized and become the dominant narrative for generations, shaping views on policy.

Thanksgiving Is a Celebration of Free Enterprise

Mises Institute ·

2025/11/27

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

Thanksgiving: A Celebration of Domestic Life

Mises Institute ·

2025/11/27

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.

US Senator Introduces Comprehensive Gold Audit...

Mises Institute ·

2025/11/27

While it wouldn’t solve everything, a gold audit would be a step towards sound money.

California Thievin’

Mises Institute ·

2025/11/26

As usual, California policy may encourage productive residents to leave. Nevada may be freer relative to California, but it’s a low bar.

Thanksgiving Is a Celebration of Free Enterprise

Mises Institute ·

2025/11/26

The Perils of Our Bubblicious World

Mises Institute ·

2025/11/26

The worst bubble in human history is the government spending bubble, up from about 8 percent of GDP in 1900 to about 40 percent of GDP today. Column by Christopher Chantrill.

What Have the Inflation-Mongers Wrought?

Mises Institute ·

2025/11/26

At 3 percent inflation over an 80-year lifetime, prices will multiply by a factor of more than 10. A dollar will become nine cents, but we would be told that “inflation is stable.”

A Real Ukraine Peace Plan

Mises Institute ·

2025/11/26

It is unimaginably cruel to demand that Ukraine keep fighting our proxy war down to the last Ukrainian.

Delistings Jump 28% as Sellers Pull Homes Off Market...

Mises Institute ·

2025/11/26

Realtors seem to think that rage-quitting the market will somehow make prices go up. Things won't go the way they hope.

No, You're Not Hurting the Economy by Saving Money

Mises Institute ·

2025/11/26

As the economy worsens, expect to see more articles from legacy media about how saving money is actually bad for the economy. It's an old Keynesian myth.

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