One of the nicer side effects of the 2016 election has been the trashing of the reputations of US intelligence agencies, specifically the FBI and the CIA. During the election, of course, it became apparent that there was some sort of tug-of-war within the FBI which led James Comey to first declare that no “reasonable” prosecutor would ever go
With premiums rising an average of 22 percent and as high as 116 percent on Obamacare’s 2017 government exchanges, it seems surreal to read journalists attributing the economic pathologies of US health care to market failure. Yet that is essentially the perspective being driven by the Associated Press and NBC with approving input from industry
Another day, another Tweet from President-elect Trump has moved the market. Lockheed Martin shares have taken a tumble following Trump highlighting the obvious on Twitter — the F-35 is an expensive boondoggle . This follows shares of Boeing dropping last week following a social media outburst criticizing the costs of a new Air Force One (the
A major threat to liberty is the assault on the right to discuss political issues, seek out alternative information sources, and promote dissenting ideas and causes such as non-interventionism in foreign and domestic affairs. If this ongoing assault on free speech succeeds, then all of our liberties are endangered. One of the most common assaults
Donald Trump’s Carrier deal has once again placed the issue of tax breaks front and center in economic policy debates. Free-market economists have been unanimous in their criticism of the deal, but some commentators argue it can be defended as a kind of selective tax relief. For example, Tho Bishop suggests that, if the policy involves tax relief
Just about everyone expects the Federal Open Market Committee (FOMC) to raise its target interest rate at its meeting this week. The talk of raising rates has occupied newspaper columns all year, and the comments from FOMC participants have become stronger in recent months in discussing their desire to raise rates. But the decision to raise rates
I am sorry to have to report that Ralph Raico has passed away. His intellectual brilliance was evident from an early age, and while still in high school, he attended Ludwig von Mises’s seminar at New York University. There he met Murray Rothbard, who became his lifelong friend. Ralph was one of the most brilliant members of Rothbard’s Circle
Auburn, Alabama, is featured on the front cover of today’s Wall Street Journal . I was interviewed extensively for the story, but was not mentioned. The story is about the relationship between state universities and increased manufacturing jobs. It turns out that my input did not fit into the story. The thesis of the article was that college
[It is with great sadness that we have learned of the passing of Dr. Ralph Raico. In remembrance, here is the story of how Mises met the man who would go on to be one of the great champions of his ideas, as told by Guido Hulsmann in Mises: The Last Knight of Liberalism .] Murray Rothbard was the first in a long line of whiz kids who found a new
A fall in the US unemployment rate to 4.6% in November from 4.9% in the month before, and 5% in November last year, has prompted some commentators to suggest that we are almost at the so-called natural rate, which is believed to be at around 4.5%. It is held that once the unemployment rate falls below an “optimal” rate — called the
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. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.