Tag Archives: 6b) Mises.org

Alabama Governor Kay Ivey signed a bill on May 17 that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.Enactment of Senate Bill 297 makes Alabama the 13th state...

In order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display of historical data. It is generally believed that one can organize historical data through quantitative methods into a useful body of information, which in turn can serve as the basis for assessing the economy.Now, it has been observed that declines in the unemployment rate are associated with a general rise in the prices of...

Late in his presidency Donald Trump renominated Dr. Judy Shelton to serve a fourteen-year term on the Fed’s seven-member Board of Governors, but given her written advocacy of the gold standard and her flip-flop during confirmation hearings, she failed to win the post.Had she been elected, she would be sitting among members whose job is to keep the public confused and looking the other way while counterfeiting the monopolistic monetary unit known as the Federal...

U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists – would clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income...

In a recent article, Alistair Crooke quotes former Israeli diplomat Alon Pinkas, who observes that Israel is in early stages of a civil war between the secular, modern Israel and the “Jewish-supremacist, ultranationalist” theocratic Israel. The vision of Israel cherished by each side is very different, and each side is increasingly unable to grant the other legitimacy of argument.Israel was and remains held together by fear and hate of a common enemy. This condition...

The money supply is rising again, and persistent price inflation is not a surprise. Price inflation occurs when the amount of currency increases significantly above private sector demand. For investors, the worst decision in this environment of monetary destruction is to invest in sovereign bonds and keep cash. The government’s destruction of the purchasing power of the currency is a policy, not a coincidence.Readers ask me why the government would be interested in...

Some philosophers, drawing upon Immanuel Kant’s Critique of Pure Reason, have questioned the nature and limits of reason. By contrast, human reason plays a central role in libertarian thought. In the ordinary dictionary sense, human reason means simply “the ability of a healthy mind to think and make judgments, especially based on practical facts.”In Human Action, Ludwig von Mises depicts reason as a universal quality common to all human beings, emphasizing that...

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....

Since 2020, the number of families participating in homeschooling has increased significantly, and with it, discussions about regulations. Currently, regulations of homeschoolers are a state-by-state phenomenon, with Pennsylvania and New York among the states with the most regulations and Missouri, Texas, and Oklahoma with the least. Examples of regulations include requiring parents to submit a letter of intent to homeschool prior to removing their children from the...

Milton Friedman: The Last ConservativeBy Jennifer BurnsFarrar, Straus and Giroux, 2023; x + 587 pp.Imagine that you come across this about the “education premium” on someone’s blog: “By going to college, you are more than tripling your chances for success in after life.” The statement is buttressed by a calculation of the extra lifetime earnings that a college degree will provide. Wouldn’t you think that the author is an economist? In fact, the author was a high...