“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of context. While the American ruling classes insist that private enterprise is the enemy of the people, it really is our government that bears that distinction. [embedded content] Tags: Featured,newsletter
Read More »How State Intervention Fueled Haiti’s Descent into Chaos
[unable to retrieve full-text content]As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them. [embedded content] Tags: Featured,newsletter
Read More »Two Cheers for Vivek Ramaswamy for His Commentary on the Fed
Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter
Read More »CNN Is Wrong. Deflation Is a Good Thing
Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter
Read More »Carl Menger’s Overlooked Vital Evolutionary Insights
Carl Menger is widely recognized as one of the economists leading the so-called marginalist revolution along with William Stanley Jevons and Léon Walras. There are two other contributions by Menger that are relatively underappreciated and are vital for making sense of the socioeconomic order, including why mankind remains so lost in economic ignorance and tribalistic warmongering.They are, first, his insights into the proper method or way to study the economy or...
Read More »Is Gold Overpriced or Can Its Price Go Even Higher?
This question has been at the center of a great many conversations I’ve been recently having with clients and friends. The way I like to answer it is with another question: Expensive compared to what?Despite its recent surge to record highs, there are compelling reasons why purchasing gold right now is a prudent decision, with strong indications that its value is poised to climb even higher. Making investment decisions solely based on the current price of any asset...
Read More »Banking’s Unique Business Model, And Why Capital is not a “Rainy Day Fund”
Banks are highly regulated businesses, as expected of entities to which we entrust our money, and from which we may expect to borrow someday to buy a home or start a business. Bankers interact with regulators daily. Investors wishing to establish a bank must first obtain capital pledges from future shareowners and apply for a bank charter from either federal or state government regulators. Once in business, a bank is overseen by one or more of the following state and...
Read More »The Rise of Populism Reflects the Decline in Individual Freedom
So-called populist political parties and politicians gained considerable traction with Western voters in recent years, despite being dismissed in many cases as “a threat to democracy” and “extremists” by mainstream politicians. With the election of Donald Trump in the US and of Javier Milei in Argentina, the surge in polls and electoral wins of right and far-right parties in several European countries sent shockwaves through the political establishment.The Cambridge...
Read More »California’s Crony Capitalist Minimum Wage Law
On April 1, California raised the minimum wage for large fast food restaurant franchises to $20 an hour. This law will threaten seven hundred thousand jobs by destroying the state’s food franchising business; however, there is one notable fast food franchise exempted from this minimum wage hike: Panera.Greg Flynn is the second-largest Panera franchisee in the world, but he is also known for his close relationship with California governor Gavin Newsom. This...
Read More »The Tariff of Abominations and the Era of Good Stealings
Few Americans seem aware of the fact that it was the New England Federalists who plotted to secede from the union a half century before the 1860-61 secession of the Southern states. Their efforts culminated in the Hartford secession convention of 1814 where they decided in the end to remain in the union after all, confident that they would eventually dominate national politics to their economic advantage. The leader of the New England secessionists was Massachusetts...
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