Tag Archives: 6b) Mises.org

Fed Chairman Jerome Powell held a press conference at the annual Jackson Hole economic conference today, and he all but said that a September cut to the federal funds rate is a done deal: “The time has come for policy to adjust. The direction of travel is clear.”Naturally he threw in the usual propaganda phrases about how the Fed is data driven. He continues: “the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of...

“Having to manage a complex home produces a deadweight loss to both society and the individual.” - John Tamny and Jack Ryan (2024)A man’s home is his castle, says the old adage, but John Tamny and Jack Ryan thumb their nose at the sacred “American Dream” of home ownership in their new book Bringing Adam Smith into the American Home. They are not the first to do so—the great Florence King derided it often and with pleasure—yet, to still do so, makes this book a rare...

No American politician running for office wants to talk about taxes—unless, of course, it’s to promise a tax cut. No Misesian views taxes with anything but suspicion, and Mises himself held some principled views on taxes:Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the...

Homeschooling has never been an experiment. Parents teaching their children the individual and unique things which they believe they should know has not only been the way of life before the public school experiment, but is the most libertarian way to address the total governmental failure and inefficient model of so-called education.Public schools have long since been incapable of keeping up with the trajectory of our Information Age, unable to keep students safe...

The monetary route in Argentina appears to be entering a new phase, and some form of currency competition was implied in the July 2024 statements of Minister of Economy Luis Caputo. The route is akin to a regime where transactions are legal in multiple currencies, but only the peso holds legal tender status. Caputo anticipated that Argentinians will soon have to sell dollars to pay taxes, and remarked that if they have savings in pesos and dollarize them, later they...

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....

The Libertarian Party was assembled in 1971 and has proven throughout its history to be a resoundingly-unsuccessful third-party venture in American politics. While libertarians are outspoken in their advocacy for individual liberties, limited government, and free markets, their presidential candidates have proven largely unsuccessful throughout history.Why have they not experienced greater success in the face of confronting what has become two ideological extremes?...

Watch the video version of this article on X/Twitter. The latest monthly report on taxes and spending from the Treasury Department shows that in July, the federal deficit was $244 billion, or nearly one quarter of a trillion dollars.In spite of the fact that the US government managed to collect $330 billion in taxes in July, they also managed to spend $574 billion.Through the end of July this fiscal year, the feds racked up a deficit of a little over 1.5 trillion...

While organized labor across Nigeria is currently jubilant over their recent win in obtaining a minimum wage increase by fiat, every student of praxeology in Nigeria receives this news with mixed feelings and the utmost reservation, because we are cognizant of the outcomes which inevitably follow from such interventions in the free market.Earlier in May 2024, organized labor (in both public and private sector)—under the auspices of the Nigerian Labor Congress (NLC)...

Popular discussions of inflation and the economy have produced more heat than light, if not heat and darkness. President Biden has made multiple remarks on his record, which taken singly are each incorrect. Taken together, Biden’s remarks on Bidenomics are incoherent.Biden claims that his main fiscal stimulus policy, the American Recovery Plan delivered record reductions in unemployment without causing inflation. Biden has insisted that corporate greed (Greedflation)...