Tag Archives: 6b) Mises.org

On September 5th, Reason Magazine published a very strange assessment of the war in Ukraine, written by Paul Schwennesen, titled “The War in Ukraine Is Already Over—Russia Just Doesn’t Know it Yet.” In short, Schwennesen argues that, based on his experience recently traveling to the front in Kursk Oblast, Ukrainian will and high morale mean that the war is as good as over and that Ukrainian triumph is “inevitable.”Schwennesen’s analysis that Russia has as good as...

In recent weeks, both candidate Donald Trump and President Biden—via his staff—have expressed support for the idea of a US sovereign wealth fund (“SWF”). An SWF is simply an investment fund run by a national government. Ostensibly, the goals of such a venture are twofold—to increase the wealth of America and its citizens, and to spur innovation in “critical” areas like infrastructure, technology, and medicine.An American SWF is bound to fail on at least these two...

According to a recent poll from the Wall Street Journal, many of the policies proposed by Kamala Harris and Donald Trump that economists hate most are very popular with the American public. For example, the plan endorsed by both candidates to eliminate taxes on tips for service workers is favored by nearly 80 percent of the ordinary public. However, only 10 percent of economists support the measure.A similar difference can be found with Harris’s plan to penalize...

The Federal Reserve decided to cut rates by 50 basis points despite what Chairman Powell considers “no risk of a recession or downturn,” a “solid economy,” and a “strong job market.”After ignoring the impact of monetary aggregates and the warning signs of inflation, the Federal Reserve has breached its price stability mandate for three consecutive years, preferring to prioritize liquidity injections, i.e., printing money, to the recovery of the currency’s purchasing...

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....

Remember when government officials sanctioned orgies but insisted it was too risky to permit children to attend classes to learn how to read?During the pandemic, New York City Covid Czar Jay Varma championed endless government restrictions and lockdowns to keep people safe. But, at the same time, he attended sex parties and a dance party, indulgences that made a mockery of everything he preached to New Yorkers. His hypocrisy was exposed this week by undercover...

Remember when government officials sanctioned orgies but insisted it was too risky to permit children to attend classes to learn how to read?During the pandemic, New York City Covid Czar Jay Varma championed endless government restrictions and lockdowns to keep people safe. But, at the same time, he attended sex parties and a dance party, indulgences that made a mockery of everything he preached to New Yorkers. His hypocrisy was exposed this week by undercover...

Last week the world narrowly escaped likely nuclear destruction, as the Biden Administration considered Ukraine’s request to allow US missiles to strike deeply into Russian territory. Russian president Vladimir Putin warned, as the request was being considered, that because these missiles could not be launched without the active participation of the US military and NATO, Russia would consider itself in a state of war with both NATO and the US should they be launched....

Some have argued that new technological ideas, unlike material inputs and labor, are not in themselves scarce. Consequently, it is further argued that new ideas for more efficient processes and new products can make continuous economic growth possible. So-called experts, however, are of the view that in a fully competitive environment, firms are likely to be concerned that competitors are going to copy any innovations they introduce. Therefore, it is alleged that...

“I’m the one who destroys the state from within.” “The state is a criminal organization.” “Taxation is theft.” “The state does everything wrong.” These are just a few of the many anti-statist (or anarcho-capitalist) lines uttered by Javier Milei, who—after breaking the barriers of respectable political discourse and becoming a congressman in 2021—won the presidency of Argentina in 2023.And while statism continues to advance or is protected when statists are in power,...