Last week, a team of researchers under the auspices of the Nuffield Department of Population Health (NDPH) at Oxford University published an article in the online journal Public Library of Science ONE . The article purports to calculate “economically optimal tax levels for 149 world regions that would account for (internalize) the health costs
According to many mainstream economists, a lack of good correlation between the monetary growth and the growth rate of various price indexes casts doubt on the commonly held view that the key source of inflation is increases in money supply. It is also argued that before the 1990, the relationship between money supply and inflation was positively
Say the wrong things and you might get kicked off of your favorite social media platform. Tech titans Apple, Facebook, and YouTube have wiped out talk-show host Alex Jones’s social media presence on the Internet. But the social media crusades weren’t over. Facebook recently took down popular pages like Liberty Memes and hundreds of other prominent
I receive near-daily emails from The Nation , the hard-left publication that never acknowledged a communist atrocity nor has recognized any socialist failure. From what I can tell, the editors are downright giddy, as they see socialism in the USA on the rise, with the bookends of the elderly Bernie Sanders on one side and the camera-friendly
If economic ignorance among leftists (i.e., liberals and progressives) had no adverse impacts, we could consign it to the ranks of the humorous. Unfortunately, however, such ignorance has very serious adverse consequences, especially on poor people. The classic example of this phenomenon is the minimum wage. This week a liberal website named In
Japan’s economy is a lifeless corpse. In the 1990s, Tokyo propped up zombie banks: institutions that are solvent in name only. In the aftermath of the Great Recession, Japan ensured these companies remained open. Today, Prime Minister Shinzo Abe is presiding over a zombie economy, and he thinks he has a solution to inject new life into the rotting
A big US monetary inflation bang brought the euro into existence. Here’s a prediction: It’s death will occur in response to a different type of US monetary bang — the sudden emergence of a “deflationary interlude.” And this could come sooner than many expect. The explanation of this sphynx-like puzzle starts with Paul Volcker’s abandonment of the
At the end of the second World War, filmmaker John Huston got a commission from the US Army to produce a documentary of new treatments for psychiatric casualties of the war. This occurred when experimental treatments such as hypnosis or injections of sodium pentothal were being introduced into psychiatric therapy. The army wanted to produce the
“I think we have much more of a Fed problem than we have a problem with anyone else”, said US President Donald J. Trump on 20 November 2018. While the press, mainstream economists, and bankers cry wolf, the US President hits the nail on its head: The Fed is the source of significant economic and political trouble. By issuing US dollar out of thin
With meagre resources at his disposal, an individual is likely to allocate these resources (i.e., his wealth) towards essentials such as food, clothing and a roof over his head. He is unlikely to allocate his meagre wealth to less essential goods as far as life and wellbeing is concerned. His variety of consumer goods is likely to be very limited.
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.