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Tag Archives: newsletter

Biden’s student loan gift SAVE is simply a wealth transfer

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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Anarchy in the UK

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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Praxeology and Animals

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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Unelected technocrats are now the nation’s chief executives

President Biden has not been seen in public since announcing he would not seek re-election on Sunday. Biden’s “resignation” was nothing more than a text-only post on Twitter/X—and we know that the president does not manage his own social media accounts. There has been no video of the president making an announcement, and the White House is apparently planning no press conference or official act of any kind. Biden has not been seen by anyone except his inner circle in...

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Trump and Biden can’t wait to send more assistance to Ukraine

Trump and Biden cannot wait to send more assistance to UkraineThe most recent presidential debate allowed American voters to compare the policies and rhetoric of President Joe Biden and former President Donald Trump. There was a lot of posturing and insulting, but below it all were comments on foreign policy which must be addressed. With roughly two and a half years of large-scale fighting between Russia and Ukraine, increasing tension between Taiwan and mainland...

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The Republican platform ignores the real causes of inflation

The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax reductions, that may help lower prices in some sectors and spur economic growth. However, the GOP platform does not address how the Federal Reserve’s enabling of spendaholic politicians contributes to price...

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Revolutionary violence and the Left

Democracy is not the best political system, and its defects have been amply exposed in Hans-Hermann-Hoppe’s great book, Democracy: The God That Failed. But we do live in a democracy, for better or worse, and in this system, the winner of an election is entitled to take power. The Left doesn’t accept this. If they oppose a candidate, they will subject him to venomous hatred and suggest that it would be a good thing if he was killed. We saw this is the barrage of...

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Legal discrimination in apartheid and equity

As South Africa and most countries of the West attempt to enforce a state-led program of resource allocation based on race under the aegis of “equity,” it is timely to reevaluate the lessons to be learned from Walter Williams’ account of “South Africa’s War Against Capitalism.” In this book, Williams studies the economic effects of enforcing “a pervasive system of legalized racial discrimination.”His main aim is to counter the widespread view that racial...

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Short Covering Squeezes the Yen Higher

Overview: The US dollar is firmer against all the G10 currencies but the Japanese yen. Local reports and the price action are consistent with short covering of the previously sold yen positions ostensibly ahead of next week's BOJ and FOMC meetings. Still, the greenback is holding above last week's low, slightly below JPY155.40. The Antipodeans and Scandis have extended their recent sharp losses. The euro eased to a seven-day low, a little below $1.0865, while...

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The Bull Market – Could It Just Be Getting Started?

We noted last Friday that over the previous few years, a handful of “Mega-Capitalization” (mega-market capitalization) stocks have dominated market returns and driven the bull market. In that article, we questioned whether the dominance of just a handful of stocks can continue to drive the bull market. Furthermore, the breadth of the bull market rally has remained a vital concern of the bulls. We discussed that issue in detail in “Bad Breadth Keeps Getting Worse,”...

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