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Mises Institute

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Who Needs the Fed?

Mises Institute ·

2024/06/23

The Fed claims—always without evidence—that everything “would have been worse” without the Fed. Yet history has shown otherwise.

The American Empire

Mises Institute ·

2024/06/23

The Roman Empire never doubted that it was the defender of civilization. Americans have added freedom and democracy. Yet the more that may be added to it the more it is the same language still. A language of power.

Harry Frankfurt, Humbug, and the Battle against Wokery

Mises Institute ·

2024/06/22

Philosopher Harry Frankfurt definitely was not a product of modern academe, where wokeness and outright humbug rule. He understood that the equal-outcomes portion of DEI was neither possible nor desirable.

The Oklahoma City Curse, Skyscraper Edition

Mises Institute ·

2024/06/22

Oklahoma City recently approved the construction of the Legends Tower at a record-setting height of 1,907 feet.

Democracy Is Not the Same Thing as Freedom

Mises Institute ·

2024/06/22

The ruling classes insist that a country with a democratic government is also a free country. However, democracies also can be tyrannical and despotic. After all, in the final analysis, a democracy is two wolves and a sheep voting on what's for dinner.

The Establishment Survey Overestimated Job Creation...

Mises Institute ·

2024/06/21

The most recent QCEW report revisions show—not surprisingly—job gains for 2023 totaling more than 690,000 below the Establishment survey.

Private Property Comes from Scarcity, Not Law

Mises Institute ·

2024/06/21

The socialist elites that dominate our institutions insist that private property is nothing more than a social construct held together by violence. As usual, they misunderstand that scarcity itself, which is the basis for economics, is also the basis for private property.

What Price Charity?

Mises Institute ·

2024/06/21

Is charity a right held by everyone or should charity be confined to private, voluntary action within a free market? David Gordon argues for the latter.

The Socialist Road to Destruction amid So-Called Good...

Mises Institute ·

2024/06/21

Socialists pride themselves on their supposed good intentions even as they fashion policies that create havoc and harm the people socialists claim to be helping. Ludwig von Mises called it destructionism.

The Lesson of the Trump Conviction

Mises Institute ·

2024/06/21

The case against Donald Trump was utterly ridiculous. Yet he was convicted anyway. Opponents of the political establishment need to understand why.

The Biden Administration Uses Fudged Numbers to...

Mises Institute ·

2024/06/21

In order to vastly expand the regulatory state, the Biden administration is using fake cost-benefit ratios to make its regulations seem less costly and more beneficial. This is clearly fraudulent, but no bureaucrat will be charged with any crimes.

How People Can Better Fight Inflation

Mises Institute ·

2024/06/21

Ordinary people cannot stop the Fed and the government from inflating the currency, but they can take measures to shield themselves from some of its harmful effects. Mark Thornton presents a few ideas on how it can be done.

From Profits to Pandering: How Government Turned...

Mises Institute ·

2024/06/21

Long before government mandates and pressure infected businesses and universities with the DEI virus, Ludwig von Mises explained how bureaucracies infect the decision-making process.

The Menace of Political Show Trials

Mises Institute ·

2024/06/21

In the aftermath of Donald Trump's conviction in Manhattan—a political show trial, to be sure—David Gordon reviews Danilo Zolo’s, Victor’s Justice, which examined the Nuremberg Trials following World War II.

Do You Know Who’s Hitting You?

Mises Institute ·

2024/06/21

While our political “leaders” insist that the government is “protecting” us, it offers the same kind of “protection” that mobsters offer: pay us to “protect” you, or we burn down your place with you in it.

The Unsustainable AI-Driven Lending Boom

Mises Institute ·

2024/06/21

The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.

Why the Scottish "Free Banking" Episode Doesn't...

Mises Institute ·

2024/06/21

Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.

The State Wants to Nationalize Second Mortgages. What...

Mises Institute ·

2024/06/21

As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.

There Is No Such Thing as "Wage Slavery"

Mises Institute ·

2024/06/20

Those who push the "wage slave" narrative claim that workers are "forced by hunger" to work ceaselessly without an opportunity to bid up wages. History has shown this is not the case.

Wages, Unemployment, and Inflation

Mises Institute ·

2024/06/20

If one does not stop in time the pernicious policy of increasing the quantity of money and fiduciary media, the nation's currency system collapses entirely.

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