Tag Archives: 6b) Mises.org

The canary in the coal mine, is the consumer in our current economic period. We can still hear it, but it is growing weaker.We clearly hear Janet Yellen telling us in a March interview that rapidly increasing credit card use by consumers is normative. Is it normative to use credit card debt to offset “transitory” inflation?America has used credit to promote a recovery. Household debt rose to 17.5 trillion in the 4th quarter 2023. Debit and Credit card balances...

Our present cultural landscape is filled with the language of class conflict, ideology, bias (conscious or unconscious), and the politicization of everything. While there are many contributors to this, we can largely thank (or blame) Karl Marx and his theory of class consciousness and class conflict. While not necessarily following Marx in his economics, these concepts have captured the imagination of many, especially in the modern Western world.The claim is rather...

Reconsidering Reparations by Olúfẹ́mi O. Táíwò, Oxford University Press, 2022; pp. 261Olúfẹ́mi O. Táíwò, who teaches philosophy at Georgetown University, has a very different view of justice from libertarians. We believe that justice is based on the libertarian rights of self-ownership and Lockean appropriation, expressed in laws that apply to everyone and do not discriminate between different races or classes of people.Táíwò, by contrast, is a proponent of what...

New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition was also in firm and determined control of the state government and the state political machinery. Here was a powerful governor, George Clinton, who would not, like Hancock and Randolph in the other critical states, yield to a sellout under pressure. Clinton had been a highly popular...

The Political Thought of David Hume: The Origins of Liberalism and the Modern Political Imaginationby Aaron Alexander ZubiaNotre Dame 2024; 366 pp.The central thesis of Aaron Zubia’s very scholarly book will be of interest to students of Ludwig von Mises. Zubia argues that the thought of David Hume underlies contemporary liberalism. He intends “liberalism” broadly, so that it encompasses not only twentieth-century liberalism, but classical liberalism as well....

On February 5, 2024, Oklahoma Representative Cody Maynard introduced House Bill 3027, which would eliminate all capital gains taxes on gold and silver and expand legal tender to include not only gold and silver coins issued by the US government, but other specie that an Oklahoma court rules to be within state authority to make or designate as legal tender. While the bill has yet to be debated and passed in the Oklahoma House, this could be a realistic step toward...

Natural orders are things that emerge on their own or reflect the true nature of how something is or was meant to be. Two of my favorite books, both of which dramatically changed my outlook on the world, are A Hunter-Gatherer’s Guide to the 21st Century (by biologists Heather Heying and Bret Weinstein) and Company of Strangers: A Natural History of Economic Life (by economics professor Paul Seabright). Even though they deal with different subject matters, what unites...

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Achieving food security is a priority of political parties regardless of ideology. Therefore, countries work assiduously to ensure that this project is accomplished. The proactive approach to tackling the issue is admirable, but in their pursuit of food security, some countries adopt counterproductive policies. The assumption that protectionism alleviates the risks of food security is still embraced by many policymakers when there is no correlation.Such muddled...

In convicting James Crumbley of involuntary manslaughter yesterday, a Michigan jury’s verdict was “groundbreaking,” according to CNN. While the term was meant to describe a “new direction” in the application of criminal law, perhaps it is more appropriate to think of the jury’s actions as breaking ground in an attempt to bury what is left of the criminal law this country inherited from England.That is not a good thing. For all the faults in the application of US...