The United States and Israel have each had (and are having) their experiences with socialism. One country learned its lesson (at least once upon a time), while the other did not. The experiences these two countries have had with socialism are practically mirror opposites. The US was officially founded almost 250 years ago, with the signing of the
A cashless society would be the nail in the coffin for liberty and freedom, offering centralization, the likes of which Marx could only dream. The existence of a government backdoor or spyware becomes a real possibility, and given the State’s track record, a real likelihood. Then, of course, the ability to track, freeze, and even set expiry dates
Wouldn’t it be nice to permanently rid ourselves of economic crises? In a previous article, I showed that the waste of the boom and the cost of the bust are brutal even using the best recovery policies available. Here I unveil the reason for the ongoing boom-bust cycle and how to eliminate the cycle crisis permanently. Most people think that the
Unjust discrimination can be costly for businesses and the broader economy. Businesses that refuse to hire applicants based on traits like sex and race limit society’s ability to harness human capital to produce innovations. Economies perform best when labor and capital are efficiently allocated to the right sectors. Hence, societies that penalize
What matters in every election is what progress has been made by constitutionalists. Constitutionalist voters and politicians have formidable difficulty getting constitutionalists past the Republicans’ Progressives. Progressives are helped by state primary processes, party rules and practices, crony media buys, and legacy-media support. Even so,
I joined Crisis editor Eric Sammon to discuss secession and my new book Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities . From the discussion: “Secession should really just be thought of as one form of political decentralization. In America, we’re pretty familiar with the idea of decentralization overall.
In our time, political speech and writing are largely the defence of the indefensible. —George Orwell, “Politics and the English Language,” 1946 Language is at the core of everything we perceive, know, think, and express. We use words as a tool, to communicate and navigate life in a social context. We use them at every stage of cognition, from our
The US trade and tech wars against China continued under President Joe Biden, who escalated export controls related to technology . The US wants to cut China’s access to advanced semiconductors and the equipment used to manufacture them in order to prevent their use for military purposes . The restrictions follow the CHIPS and Science Act , passed
Raising interest rates is a necessary but insufficient measure to combat inflation. To reduce inflation to 2 percent, central banks must significantly reduce their balance sheets, which has not yet occurred in local currency, and governments must reduce spending, which is highly unlikely. The most challenging obstacle is also the accumulation of
Prominent Democrats, including President Joe Biden, have repeatedly expressed interest in reinstating a federal assault weapons ban. Biden himself included an assault weapon ban in his 1994 crime bill, which lasted ten years until its expiration in 2004. Biden has claimed that the ban did its job and reduced mass shootings : “When we passed 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.