As this election cycle has demonstrated yet again, Democrats are not shy about calling for tax increases. In every election cycle they call for more taxes, whether through corporate taxes or through taxes on unrealized capital gains. Donald Trump, meanwhile, has pledged to cut some taxes. I say “some” because Trump has also pledged to raise taxes on imports.Nonetheless, Trump ran on the idea that he would reduce the tax burden on Americans if elected. Unfortunately,...
Read More »Slavery and Collective Guilt
Much has been said about the role of slavery in the history of the United States, and while that history cannot be recounted in a brief article, it is important to clarify some of the ethical principles underpinning the institution of slavery in light of contemporary debates about reparations for slavery. A number of states have expressed an intention to pay slavery reparations. For example, the New York Times reports that,Almost 200 years after slavery officially...
Read More »The Menace of the State
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »Unemployment in the Biden & Trump Economies
Both the current President and his predecessor claim credit for low unemployment. To what extent are recent lows in unemployment rates due to the policies of these two Presidents’ policies?There are several causes of low unemployment. First, reducing minimum wage rates lowers unemployment, mostly for teens. Higher minimum wage rates correlate with higher unemployment rates (see the next graph). The real purchasing power of the current $7.25 minimum...
Read More »No Matter Who Wins, Half the Country Won’t Believe in the Election
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »The Menace of the State
The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are we to do? Faced with the intractable problems of misgovernment, we need to look deeper. Following the great Murray Rothbard, we should ask, do we need a State at all? Rothbard’s answer was a clear “No.” And not only do we not need a State; the State is a menace.Following Franz Oppenheimer and Albert Jay Nock, Rothbard identified the...
Read More »Government vs. Crypto: Who Controls the Future?
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »The Regime Thinks Free Speech is “Fanaticism”
The freedom of speech is today threatened in the West to a degree not seen since the nineteenth-century classical liberals battled the censorious police states of the old conservative regimes. The free-market liberals largely won that battle, yet everywhere that a ruling class knows it is both unpopular and outnumbered it will attempt to silence free speech. A common argument used by those who cling to illegitimate power is the claim that free speech will encourage...
Read More »Will Tuesday’s Vote Counts Be Another Sham Biden-Harris Statistic?
If Kamala Harris wins the presidential election on Tuesday, Americans will be told that the final vote count is a sacred number that was practically handed down from Mt. Sinai engraved on a stone tablet. Any American who casts doubt on Harris’s victory will be vilified like one of those January 6, 2021 protestors sent to prison for “parading without a permit” in the US Capitol. Actually, anyone who doubted the 2020 election results was being prominently denounced as...
Read More »Is Trump Literally Hitler?
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
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