In mid-November, while the whole world was focused on the Ukraine crisis, the US midterms or whatever other “big story” the media decided was more important, a truly momentous shift took place in the global financial system. It might seem like a small step on the surface, but it has the potential to bring about a real and possibly irreversible sea
In today’s world, dominated as it is by the ephemeral, the superficial, and the inconsequential, it can be hard for a rational, dispassionate observer to make sense of what is going on—politically, socially, economically, and philosophically. It is that last aspect that gets the least “oxygen” in mainstream media, in public education, and in
It can be argued that the world has reached the sorry state it’s in today largely because academics, politicians, “distinguished experts,” and “recognized authorities” did not have the humility to admit their own mistakes or to at least recognize the limits of their knowledge. Of course, this is far from a new affliction in societies and political
To many of us, no matter how well versed in history, in political affairs, or in socioeconomic issues, the present conditions in the West, and especially in Europe, can sometimes seem like the plot of a bad movie. It is often said that history doesn’t repeat itself, but it does rhyme, and what we’re seeing today is a great example of that.
As the citizens of the European Union and the United Kingdom are increasingly struggling to make ends meet due to record levels of inflation, and as the winter draws closer, a serious cost of living crisis is set to spiral out of control. Skyrocketing energy costs, combined with galloping prices for food and other essential goods and services are
It wouldn’t be an exaggeration to argue that private property rights, as understood by classic liberal thinkers, by those who embrace Austrian economic theory, and by all members of an enlightened society, are not only the cornerstone, but also the last defense of human civilization and the Western way of life in particular. Nothing stands a
This article is the second in a two-part series. Check out part 1 here . Even though the downhill trajectory we’ve seen over the last decades in terms of property rights is bad enough, nothing could have ever prepared us for what the covid-19 crisis would bring. Even those of us who have read enough history to know that there’s really no line that
A mediados de noviembre, mientras el mundo entero se centraba en la crisis de Ucrania, las elecciones legislativas de los EEUU o cualquier otra «gran historia» que los medios de comunicación decidieran que era más importante, se produjo un cambio verdaderamente trascendental en el sistema financiero mundial. Puede parecer un pequeño paso en la
En el mundo actual, dominado por lo efímero, lo superficial y lo intrascendente, puede ser difícil para un observador racional y desapasionado dar sentido a lo que está sucediendo —política, social, económica y filosóficamente. Es este último aspecto el que recibe menos «oxígeno» en los medios de comunicación, en la educación pública y en casi
Se puede argumentar que el mundo ha llegado al lamentable estado en el que se encuentra hoy en día en gran medida porque los académicos, los políticos, los «distinguidos expertos» y las «reconocidas autoridades» no tuvieron la humildad de admitir sus propios errores o de reconocer al menos los límites de sus conocimientos. Por supuesto, esto no es
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.