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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

The relentless increase in global debt is an enormous problem for the economy. Public deficits are neither reserves for the private sector nor a tool for growth. Bloated public debt is a burden on the economy, making productivity stall, raising taxes, and crowding out financing for the private sector. With each passing year, the global debt figure climbs higher, the burdens grow heavier, and the risks loom larger. The world’s financial markets ignored the...

Jonathan Casey, in his opening remarks during a debate with Ryan McMaken on national divorce, criticized national divorce on the grounds that it throws away the open borders compact between the states. This, per his evaluation, would hamper the freedom of travel. He expressed the same sentiment during the National Divorce debate the Soho Forum held last year.“We have a perfect open borders system” between the U.S. states, claims Jonathan Casey. Most people might tend...

This month, we will host the Austrian Economics Research Conference (AERC), one of our most important programs. We’ll have thirty-one students attending, and nineteen students will deliver papers of their own. How encouraging!Dr. Joseph Salerno, our Academic Vice President, says: “The students who present papers at AERC are of the highest quality. They are attracted by a scholarly competition offering generous monetary awards in which paper...

When Nvidia reported high fourth quarter earnings for 2023 in February 2024, it sparked a general rally in stock markets. Stock markets in the United States, Japan, and Europe jumped to all-time highs after a few days of slight declines.It seems strange for one company’s earnings call to have such a widespread effect, but many are saying that this is all a part of a technological revolution, in which real productivity will increase dramatically due to artificial...

Although manipulating housing finance is not among the Federal Reserve’s statutory objectives, the U.S. central bank has long been an essential factor in the behavior of mortgage markets, for better or worse, often for worse. In 1969, for example, the Fed created a severe credit crunch in housing finance by its interest rate policy. Its higher interest rates, combined with the then-ceiling on deposit interest rates, cut off the flow of deposits to savings and loans,...

Novartis CEO Vas Narasimhan saw his pay nearly double over the last year. KEYSTONE/© KEYSTONE / GEORGIOS KEFALAS Swiss CEOs are some of the best paid in Europe but compared to peers in the United States, their salaries look modest. Some in the Swiss pharmaceutical industry see this as a problem.   Jessica covers the good, the bad, and the ugly when it comes to big global companies and their impact in Switzerland and abroad. She’s always looking for a Swiss...

SWISS’s turnover totalled CHF5.3 billion last year, the airline announced on Thursday KEYSTONE/© KEYSTONE / URS FLUEELER Swiss International Air Lines (SWISS) saw record operating profit last year following a return to pre-pandemic revenue levels. SWISS’ turnover totalled CHF5.3 billion ($6 billion) last year, the airline announced on Thursday, a significant increase on the previous year’s CHF4.4 billion, and a return to 2019 levels for the first time since...

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

The few winners of global recession will use the decline as a means to break the chokehold of unproductive BAU elites. That the global economy is slipping into recession is self-evident. What's not yet known is the eventual depth and length of the recession. Given that the extreme policies needed to avoid recession over the past 15 years have reached extremes that are now the problem, not the solution, there won't be any more fiscal-monetary "saves" this time...