Tag Archives: Featured

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....

Wow, what a week Mises University 2024 was! I have been a Mises University faculty member for over 30 years, and this—the 38th year of Mises U—may have been the best! Students came from 12 countries, 29 states, and 69 colleges and universities, including Yale and Princeton. The faculty, always outstanding, was truly inspiring and the students responded with great enthusiasm and endless questions.A true highlight of the week was the presentation by Dr. Robert Malone,...

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....

Fair trade is an increasingly politically popular idea, and opponents of the free market see it as a moral way to fix market abuse. Proponents of fair trade argue that free trade favors developed countries or bigger corporations and that steps should be taken to correct the balance of power to ensure equitable outcomes. However, fair trade fails to work because of misplaced grievances toward the free market.The idea of fair trade rejects the free...

A tautology is a law of logic, part of a law of logic, or a definition. Some people do not think that tautologies tell us anything useful, pointing out that if someone inquires about the weather, to be told, “Either it’s raining or it’s not raining,” is not very helpful.Ludwig von Mises disagrees with this view. He would readily acknowledge that there are useless tautologies, but he suggests in Human Action that there are also useful tautologies. (Whether he changed...

Overview: The most recent data showed that Japanese investors took advantage of the yen's strength last week to buy foreign bonds and stocks. The US weekly jobs claims to their lowest level in four weeks, suggesting that the slowdown in the labor market remains gradual. The sky is not falling. There is no emergency. With a 28% drop in Japanese bank shares in the first three sessions of the month, stress in Japan was acute, but Japanese official actions seemed to...

A Universal Basic Income (UBI) sounds great in theory. According to a previous study by the Roosevelt Institute, it could permanently increase the U.S. economy by trillions of dollars. While such socialistic policies sound great in theory, history, and data, they aren’t the economic saviors they are touted to be. What Is A Universal Basic Income (UBI) To understand why the theory of universal basic income (UBI) is heavily flawed, we need to understand what UBI...

In the world of crossword puzzles, where cryptic hints and clever wordplay reign supreme, few things bring as much satisfaction as filling in that elusive final square. One common challenge that has stumped both novice and seasoned solvers alike is the clue "big name in banking." While seemingly straightforward, this clue can reference a variety of prominent financial institutions or influential figures within the banking sector, making it a perennial enigma for...

Luke Gromen told Dale Pinkert on the Forex Analytics F.A.C.E. Show July 22nd that the U.S. went to China last fall and asked the Chinese to strengthen the yuan. The Chinese said if the United States wants a weaker dollar they need to let it go versus gold, implying that the gold market is influenced by the government’s hand.Pinkert, being a currency trader, expressed concern that the dollar could be devalued overnight by government fiat, and asked how the executive...

Historically—especially during the days of the classical gold standard—central banks maintained stocks of gold to facilitate the conversion of gold-backed national currencies. Those days are long gone, but in modern times, many central banks continue to own gold, and many central banks buy gold as part of their open-market operations. For example, in his article last week—”Central banks purchase gold to offset their own money destruction“—Daniel Lacalle writes: The...