After the recent election in France, the mainstream media is jubilant at the defeat of the far-right coalition. Polls up until election day predicted a likely win for the right-wing National Rally and its allies. This was not the case. While the National Rally won the most vote share, due to strategic voting and election runoffs, the right-wing coalition won third place in the National Assembly. Macron’s centrist coalition, Ensemble, won second place, with the...
Read More »Joe Biden’s Meltdown and Its Implications
My wife and I comprised an “Oreo family” at one time. We were the filling between raising children and helping parents age. The Kids are good, they are happy, and have satisfying careers that fit their talents. All our parents have passed.As our parents aged, one with Alzheimer’s and another with Lewie Body Syndrome, we shared parents on the dementia spectrum. We shared the collective grief and dismay of watching our parents pass with extraordinarily little...
Read More »The Limitations of Economic Laws
A quotation from Die Transvaler in 1958, cited by Walter E. Williams in his book “South Africa’s War Against Capitalism,” illustrates a widespread misunderstanding about the nature and purpose of the laws of economics. The political choice to be made by Afrikaner nationalists during the apartheid years was whether to pay a price in terms of economic progress by rejecting free markets, freedom of association and contractual freedom as a trade-off necessary to...
Read More »The Goose That Laid the Golden Eggs
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....
Read More »The Absurdity of Intellectual Property Laws
In a previous article, I explored the absurdity of intellectual property, the unfair and inefficient monopoly privilege it confers on those savvy enough to play the legal system well. By being nonscarce, nonrivalrous objects like ideas or sound waves strung together in a specific order, they can’t be property economically speaking. Nobody can “own” vibrations or reasonably punish me for using your grandmother’s recipe for meat stew. (This is also the reason cultural...
Read More »The Impact of Interest Rates on Economic Growth: An Austrian Perspective
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....
Read More »It All Began When the Government Tried to Make Housing More Affordable
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....
Read More »Banning Fossil Fuels Will Make Heat Waves More Dangerous, Not Less
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....
Read More »The “Equality of Opportunity” Fallacy
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....
Read More »The Collapse of Real Savings Caused the Great Depression
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....
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