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....
Read More »Axis of Evil: America’s Three Worst Presidents
The Siena College Research Institute, the American Political Science Association, and C-SPAN all publish rankings of American presidents by “mainstream” historians, political scientists, and other “presidential experts.” Abraham Lincoln and Franklin D. Roosevelt usually alternate in first and second place, but occasionally George Washington will come in second. In the past several years, Donald Trump has been ranked dead last in all of them while Joe Biden has ranked...
Read More »What “Capitalism” Really Means
Grace Blakeley is a self-described socialist economist and author in the UK, appearing on shows like Politics Live, JOE Politics, and Novara Media. Grace throws down the proverbial gauntlet to self-described capitalists who often find themselves falling over their own logic. This should not be surprising since the “capitalists” that she often debates usually have a conservative worldview that is littered with its own inconsistencies, so socialists tend to have a...
Read More »What Has the Federal Reserve Done to Our Money?
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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