Tag Archives: 6b) Mises.org

The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed. Original Article: How a CBDC Created Chaos and Poverty in Nigeria [embedded content] Tags: Featured,newsletter

Last week, prosecutors for the Southern District of New York unsealed an indictment against New Jersey senator Robert Menendez. The senator, his wife, and several businessmen are accused of providing “sensitive U.S. Government information” and taking steps that “secretly aided the Government of Egypt” in exchange for cash, gold bars, a luxury convertible, and more. Senator Menendez has dismissed the charges and refuses to resign from Congress. In a statement Friday,...

The best people in the world support the Mises Institute. Will you join them? Who are they? People just like you. People who happen to care deeply about human liberty and human flourishing. People who care about real economics. People who oppose state power, central banks, and war. People who care about truth and honest history. They come from all walks of life. Some give $20, some give more. But they are all people like you, people who understand the threat statism...

In February 2024, the Mises Institute will hold its next Mises Book Club, our new program to promote deep reading in Austrian economics.  In celebration of the 80th anniversary of F. A. Hayek's Road to Serfdom, this classic work in political philosophy, intellectual and cultural history, and economics will be the focus of the next meeting.  For eight riveting weeks, ten to fifteen specially selected undergraduate students will partake in rich discussions led by a...

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true. Original Article: Does Technical Knowledge Always Lead to Economic Growth? [embedded content] Tags: Featured,newsletter

Thanks to all of our generous donors who are participating in our 2023 Fall Campaign. Your continued support is vital and much appreciated. Donors are added daily. Won't you join them? Monday, September 25 Abdelhamid Abdou Adam BattlesAdam DengAlan ZibelmanAndreas HübnerAnonymousAndrew WindsorArthur KnolleAnonymousBarb WhitemanBridget SantosCarl ChambersCarlos Aixerch MateuCharles CrawleyCharles DemastusChris Lingwall, In honor of Milton Friedman and Thomas Sowell...

Hans-Hermann Hoppe, in his book Democracy: The God That Failed and his 1995 article in the Journal of Libertarian Studies, set forth an interesting theory concerning the difference in time preference between a monarch and a democratic politician. The argument stresses the difference in the use of political power according to the degree to which the ruler is future oriented. Hoppe also says that using the power of the state is in itself an expression of high time...

While Leo Strauss did not share G.W.F. Hegel's acceptance of historicism, nonetheless he gives Hegel a sympathetic review. David Gordon takes a closer look at both men. Original Article: Understanding Hegel from a Straussian Viewpoint [embedded content] Tags: Featured,newsletter

The Organization of the Petroleum Exporting Countries (OPEC) embargo on sales of crude oil from their member countries to the United States was a response to US support for Israel in the October 1973 Yom Kippur War against invading Egyptian and Syrian military forces. This oil embargo raised barrel prices on the open market and, when combined with US price controls, reduced the amount of oil available in the US for refining into gasoline, leading to domestic gasoline...

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021.  The press release from the FOMC was largely unchanged from previous recent meetings and...