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Much has been said about the role of slavery in the history of the United States, and while that history cannot be recounted in a brief article, it is important to clarify some of the ethical principles underpinning the institution of slavery in light of contemporary debates about reparations for slavery. A number of states have expressed an intention to pay slavery reparations. For example, the New York Times reports that,Almost 200 years after slavery officially...

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....

Both the current President and his predecessor claim credit for low unemployment. To what extent are recent lows in unemployment rates due to the policies of these two Presidents’ policies?There are several causes of low unemployment. First, reducing minimum wage rates lowers unemployment, mostly for teens. Higher minimum wage rates correlate with higher unemployment rates (see the next graph). The real purchasing power of the current $7.25 minimum...

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....

Overview: A nervous calm hangs over the markets as the US goes to the polls. The proximity of the presidential contest warns that the results may not been known as soon as people hope. Indeed, many fear the voting simply begins the next phase of the contest, with premature declarations of victory and disputes over votes. The dollar is in mostly narrow ranges today, but the Antipodeans and Scandis are the strongest, and the Reserve Bank of Australia kept rates on...

The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are we to do? Faced with the intractable problems of misgovernment, we need to look deeper. Following the great Murray Rothbard, we should ask, do we need a State at all? Rothbard’s answer was a clear “No.” And not only do we not need a State; the State is a menace.Following Franz Oppenheimer and Albert Jay Nock, Rothbard identified the...

The US Dollar depreciates for the second consecutive day and approaches support at 0.8645. The focus today is on the US PCE Prices Index but the highlight of the week is Friday's NFP report. A break of 0.8645 would confirm a double top at 0.8700. The US Dollar is on the back foot on Thursday, with investors bracing for the release of October’s PCE Prices Index data. The USD/CHF is testing the support area at 0.8645 after being rejected at the...

SNB generates profit of CHF 62.5 billion in the first three quarters Keystone-SDA Listen to the article Listening the article Toggle language selector...

In den letzten Wochen ist Bitcoin in Richtung seines Allzeithochs geklettert, beflügelt durch Spekulationen über die bevorstehende US-Präsidentschaftswahl. Doch wird das Krypto-Urgestein sein Rekordhoch noch in diesem Jahr knacken können? • Bitcoin knackt 70’000-Dollar-Marke • US-Wahl und Marktumfeld sorgen für Auftrieb • Neuer Rekord nach der US-Wahl möglich   Bitcoin nähert sich Rekordhoch Die vergangenen Wochen waren für Kryptoanleger durchaus interessant. Im...

By placing search/social media in the bucket of newspapers, radio and TV networks, perhaps we've obscured their true nature as "Digital Marketing Mechanisms." Language is a funny thing. If we don't have a word for something, in some way it doesn't exist. When we find a word in another language that describes this something, we borrow the word, for example schadenfreude from German and tsunami from Japanese. If we use an existing word to describe something...