The tweeter & tariffer-in-chief Donald Trump had a bad week post election with presidential historian Douglas Brinkley telling the Washington Post , “Trump needs adulation, so heading into the midterms, holding these rallies, he was cheered and it became narcissistic fuel to his engine,” Brinkley said. “After the midterm, it’s the sober dawn of
Eurozone banks have fallen dramatically in the stock market despite the results of the stress tests carried out by the ECB, and the EU Banks Index is down 25% on the year despite year-long bullish recommendations from almost every broker. This should not surprise anyone because we have seen in the past that these tests are only a theoretical
Even before the new Congress has been seated, some emboldened progressives are pushing for votes to establish Medicare for all. Bernie Sanders argues that 70 percent of Americans favor it, so now is the time. Of course, that support plummets when people are told about its astronomical tax bill and its escalation in government control. But Sanders
It wasn’t that long ago (1987) that the entire budget of the federal government was “only” a trillion dollars. It reached the $2 trillion mark in 2002, and didn’t exceed $3 trillion until 2009. Even after a long series of budget deficits, the national debt didn’t exceed $1 trillion dollars until 1982 and $5 trillion until 1996. The first budget
When I met Ludwig von Mises, he was exactly as I had imagined him: kind, brilliant, dignified, beautifully mannered and dressed, a gentleman from what Murray Rothbard called “an older and better world.” His wife, Margit, had been an actress, and she had great beauty, intelligence, and presence as well. A genius, Mises was the greatest economist of
I want to make sure you saw the letter Lew Rockwell wrote a few days ago. Won’t you take a few minutes right now to respond and make a donation ? Lew’s letter talks about the tremendous sacrifices Ludwig von Mises and Murray Rothbard made in pursuit of truth and ideas. Both put intellectual freedom ahead of money, status, and academic career
The third weekend of November, as usual, saw the crowning of a champion in all three of NASCAR’s national touring series — the Camping World Truck Series, the Xfinity Series, and the Monster Energy Cup Series. The 2018 Xfinity Series champion went to Tyler Reddick, driver of the #9 Camaro, after a dominating performance at Homestead-Miami
Politicians tend to favor authoritarianism over capitalism and monopoly over competition. They have directly created monopolies (and oligopolies) in all major industrial sectors by imposing policies favoring preferred corporations and preferred special interests. In 2017, University economists Jan De Loecker and Jan Eeckhout found monopolies
The G20 meeting in Buenos Aires had a primary objective. To reach an agreement between the United States and China. However, the announced agreement is more a “diplomatic truce” than a real agreement. The United States commits to delaying tariffs against China that would start on January 1st, 2019 and China commits to purchase more agricultural
Although I have lived in Colorado almost continuously for 30 years, only on three or four occasions have I visited our most famous tourist attraction : Rocky Mountain National Park. I avoid RMNP because that’s where the tourists go. Traffic on the highways to the park is usually heavy, and tourists are found nearly everywhere inside the park.
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.