The relentless increase in global debt is an enormous problem for the economy. Public deficits are neither reserves for the private sector nor a tool for growth. Bloated public debt is a burden on the economy, making productivity stall, raising taxes, and crowding out financing for the private sector. With each passing year, the global debt figure climbs higher, the burdens grow heavier, and the risks loom larger.

Jonathan Casey, in his opening remarks during a debate with Ryan McMaken on national divorce, criticized national divorce on the grounds that it throws away the open borders compact between the states. This, per his evaluation, would hamper the freedom of travel. He expressed the same sentiment during the National Divorce debate the Soho Forum held last year.

This month, we will host the Austrian Economics Research Conference (AERC), one of our most important programs. We’ll have thirty-one students attending, and nineteen students will deliver papers of their own. How encouraging!

When Nvidia reported high fourth quarter earnings for 2023 in February 2024, it sparked a general rally in stock markets. Stock markets in the United States, Japan, and Europe jumped to all-time highs after a few days of slight declines.

Although manipulating housing finance is not among the Federal Reserve’s statutory objectives, the U.S. central bank has long been an essential factor in the behavior of mortgage markets, for better or worse, often for worse. 

Video: Mises Institute Senior Fellow Alex Pollock moderates a panel discussion on Lawrence White’s new book Better Money: Gold, Fiat, Or Bitcoin?. The event is sponsored by the Federalist Society. 

Since the conclusion of World War II, each biennial session of Congress has ushered in a staggering 4-6 million words of additional legislation. However, amidst this flood of legal text, the State’s focus on expanding regulations and enforcing compliance has overshadowed its fundamental obligation: provision of security—the cornerstone of what progressives call the social contract.