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On Sunday night, President Biden issues a broad and sweeping pardon for his son Hunter Biden, covering “those offenses against the United States which he has committed or may have committed or taken part in during the period from January 1, 2014 through December 1, 2024.” Hunter Biden was due to be sentenced this month for federal tax and gun crimes. This pardon removes the possibility of any further legal action in those cases. This pardon comes after many months of...

Not long ago, Black Friday epitomized consumer frenzy. Crowds trampled one another at store entrances, shelves emptied in minutes, and shoppers battled over discounted goods with an intensity critics often likened to greed, desperation, and degradation. These chaotic scenes became a prime target for critics of capitalism, who accused the system of reducing human dignity to unchecked materialism.Naomi Klein famously described such behavior as the “logical endpoint of...

Overview: The US dollar is beginning the new week and month on a firm note. It is rising against all the G10 currencies and nearly all the emerging market currencies. US-President-elect Trump's threat to BRICS if they abandon the dollar is symbolic than substantive, as we have argued, despite the occasional claim to the contrary, a BRICS currency is not realistic, and the China has little interest in fostering another competitor to the yuan. Still, like being told...

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....

For most commentators, a “stable price level” is the key for economic stability. For instance, let us say that there is a relative increase in consumer demand for potatoes versus tomatoes. This relative increase is depicted, all things being equal, by the relative increase in the price of potatoes. To be successful, businesses must pay attention to consumer demand. Failing to do so is likely to lead to losses. Hence, by paying attention to relative changes in prices,...

New home sales fell by 17.30% in October, marking the most significant monthly decline in ten years, as shown in the graph on the left below. Furthermore, the supply of new homes on the market rose from 7.7 to 9.5 months. Not surprisingly, building permits fell by 0.4% following a 3.1% decline last month due to slowing sales. New home sales have been negative in six of the previous eight months. Furthermore, the Case-Shiller home price index shows weakness in the...

• Bitcoin kämpft um 100'000 US-Dollar-Marke<br> • Kleinere Kryptowährungen könnten profitieren<br> • Expertenmeinungen im Blick<br> <!-- sh_cad_1 --> Die psychologisch wichtige Marke von 100'000 US-Dollar stellt einen Meilenstein für viele Krypto-Bullen dar, die darauf hoffen, dass der <a href="/devisen/bitcoin-dollar-kurs"... [embedded content]...

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match donations received through December 9. That means your $10 donation becomes $20, your $25 donation becomes $50, and so on. For the last ten years, Gary has kickstarted our year-end campaign with his matching gift. He’s ready to match your gift today!With a donation of $25 or more, you’ll receive a copy of Tom DiLorenzo‘s newest booklet, The Axis of Evil: America’s Three...

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....

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....