Tag Archives: 6b) Mises.org

The Trump transition team on Wednesday announced that he is nominating South Dakota governor Kristi Noem as the next head of the Department of Homeland Security (DHS). In the coming weeks, we’ll hear a lot about Noem’s personal politics and origins. We’ll also hear about how the DHS is, as the AP puts it, “one of the biggest government agencies that will be integral to his vow to secure the border and carry out a massive deportation operation.”Unfortunately, all this...

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....

This article is adapted from a speech delivered at the Mises Circle in Fort Myers, Florida on November 9, 2024.The answer to the question posed in the title is: Yes and No. Yes, some elections have made a significant difference but in general, no, they have not. There are many reasons why elections generally no longer make much of a difference in terms of the economy. One is that for the past half century the average reelection rate of incumbents in the House of...

The democratic mandate of the incoming Trump administration, along with Republican control of Congress and a confrontation of wills between the President-elect and the Federal Reserve Chairman make ending the Fed a bit less unthinkable. Jerome Powell accurately stated, in a slightly defensive tone, that it is not (currently) lawful for a President to fire a Federal Reserve Chairman. Where some see obstacles others see a challenge, and where Powell...

It has been nearly 14 years since Federal Reserve Chairman Ben Bernanke told Congress that the Fed’s emergency quantitative-easing policy, of which the most radical part was buying mortgage-backed securities, was “temporary” and would be “reversed.”  The Fed made huge mortgage-backed securities purchases. The purchases pushed mortgage interest rates to artificially low levels, stoked the second great house price bubble of the 21st century and made houses unaffordable...

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....

There is plenty of commentary today about continuing large annual US federal budget deficits and the large federal debt that keeps mounting as a result of these relentless deficits. The budget deficit for federal fiscal year 2024 clocked in at $1.8 trillion, representing about 5 percent of US GDP, and the federal debt is now $35.5 trillion, approximately 100 percent of GDP.The Congressional Budget Office projects that annual budget deficits and the outstanding debt...

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....

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....

A few years ago, I bought a unique item. When I first became aware of it, I was intrigued and interested, but the price was $50 more than I was willing to pay ($450 versus $400). Wanting it, at my price or less, I kept watch over various websites looking for a sale price that matched my price point. After a number of months searching, I found a site that offered the item for $390 and I bought it.Now, since the manufacturer has gone out of business—a victim of...