Inequality has become one of the defining issues of our time. Economist Thomas Piketty—among others—has popularized the idea that capitalism inevitably concentrates wealth in the hands of a few. His solution? More taxes, more redistribution, and more government intervention.
This week, my wife and I have traveled Amtrak’s route to and from Bakersfield, California, with the Amtrak line running down the state’s Central Valley past cities like Fresno and Modesto. As our train sped down the tracks at speeds of up to 83 mph, we could see construction of the much-hyped boondoggle known simply as the California Bullet Train.
Even if this global trade war is ended tomorrow, it will take a minimum of 30 to 55 days, but more likely at 7-9 months, to normalize supply chains.
The average U.S. disposable income for 2022 was $51,147, almost $10,000 higher than the top European country, Luxembourg, at $44,773, according to World Population Review.
Beginning with George Washington, who took the oath of office for the first time in 1789, a total of 45 men have held the title of president of the United States of America. Less than half of them were elected to a second term: George Washington, Thomas Jefferson, James Madison, James Monroe, Andrew Jackson, Abraham Lincoln, Ulysses S. Grant, Grover Cleveland, William McKinley, Theodore Roosevelt, Woodrow Wilson, Calvin Coolidge, Franklin Delano Roosevelt, Harry S. Truman, Dwight D. Eisenhower, Lyndon B. Johnson, Richard Nixon, Ronald Reagan, Bill Clinton, George W. Bush, and Barack Obama.
This year marks the 30th anniversary of the founding of mises.org in 1995. Since then, mises.org has become an enormous website that publishes new articles, podcasts, and other multimedia content six times per week. Today, the website contains tens of thousands of articles, thousands of lectures, and dozens of ebooks and audiobooks, all freely accessible to the public.
Back when websites were a novelty, Mises Institute Senior Fellow Peter Klein had the idea that the Mises Institute needed a website. In this interview, Dr. Klein discusses the early days of mises.org.
April 30, 1975, Saigon, South Vietnam (SV) fell to the control of the North Vietnamese army or Vietcong (VC). Remaining US citizens, SV dependents, and family members departed in haste, fearing VC reprisals. The nations of North Vietnam and South Vietnam merged into the nation of Vietnam. The outcomes for both the US and Vietnam are fascinating looking back in time.
