Mises Wire

The Week in Review: September 24, 2016

Fall Fundraising Campaign Starts Monday: September 26 – October 1


As a subscriber to our Mises Daily email, you already know that mises.org provides more hard-hitting Austrian and libertarian content than any site in the world.

But you may not know that more than 5 million people will visit it in 2016. In fact, mises.org ranks among the most-visited economics sites.

If every one of those 5 million visitors donated just $1, our fundraising would be simple. If half donated $2, or one in ten donated $10, our fundraising would be simple.

But reality is not so simple, and that’s why we need you.

For the first time in our history, the Mises Institute will launch an online fundraising drive next week — in celebration of Ludwig von Mises’s September 29th birthday. Our steady stream of content will include some fundraising appeals and pop-ups, but for one week only.

So stay tuned, and please consider making your most generous donation next week.

 



This week the Federal Reserve once again failed to raise interest rates, further demonstrating that they have no plan to get out of the box they’ve trapped themselves in. In another case of déjà vu, Freddie Mae and Frannie Mac announced a new housing program that will lower lending standards. Meanwhile, in response to last weekend’s issues involving southern oil pipelines, a number of state governments have waged war on pricing by implementing laws against “price gouging.”

To see basic economics ignored time and time again by policymakers at all levels of government further illustrates the point Ludwig von Mises made about how vitally important it is to understand the subject. As Jeff Deist said at least week’s Supporters Summit in Asheville:

Mises believed everyone had a duty to learn. … And that’s at the heart of what we do at the Mises Institute: teaching sound economics to people from all walks of life.

If you agree with Mises in the need to spread the ideas of sound economics, we hope you will consider making a $5 donation next week during our fall fundraising campaign.

On the heels of the Fed’s annual meeting in Jackson Hole, “extraordinary” monetary policy may be the new normal. Janet Yellen refuses to raise rates for now, and Former Chair Ben Bernanke openly questions whether the Fed’s Treasury-laden balance sheet — swollen after successive rounds of QE — will ever be unwound. Real growth is flat, real incomes are stagnant, inflation is higher than the government admits, and millions of Americans still haven’t recovered from the Crash of ’08. Is economics broken?

Dr. Joe Salerno, professor of economics and Academic VP of the Mises Institute, joins us to makes sense of it all on the next episode of Mises Weekends.

Remote video URL

And in case you missed any of them, here are the articles featured this week on the Mises Wire:

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Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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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.

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