In Tuesday’s Democratic primary, Tallahassee mayor Andrew Gillum shocked Florida politics by winning the party’s nomination. Trailing third place or lower for most of the campaign, Gillum received a significant late boost thanks to an enthusiastic activist base and the endorsements of national figures such as Bernie Sanders. A look at Gillum’s
Fans of HBO’s hit series Game of Thrones know well the motto of House Stark: “Winter is Coming.” This motto warns of impending doom, whether brought on by the Starks themselves, devastating multi-year, cold weather, or something far more ominous north of the Wall. At least since Soviet economist Nikolai Kondratieff wrote The Major Economic
The message unanimously churned out by politicians, central bankers, and ‘mainstream’ economists is that central banks are there for the ‘greater good’. They provide the economy with sufficient money and credit, and they fight inflation, thereby supporting output and employment growth. What is more, central banks, are supposedly in a position to
The centenary of the First World War is drawing to a close, but if there is any justice in the world, the conflict will live in infamy for many centuries to come. Few events have captured as perfectly the death of peace and liberty and the triumph of militarism and statism as the Great War. It not only sent millions to the slaughter and
In a recent column titled, “Capitalism, Socialism, and Unfreedom,” Paul Krugman lambasted libertarians for equating “freedom” with minimal government. He ridiculed the recently updated Cato index that ranks the 50 U.S. states according to their “freedom” defined in this fashion. Because he lives in New York state—which came in dead last in the
In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating: MMT science fiction. One of its main principles is based on a fallacy: “A country with monetary sovereignty can issue all the debt it needs without default risk.” First, it is
Last month, the New York Times reported that the Trump administration had been pressuring other countries at the UN to oppose a resolution supporting more widespread use of breastfeeding. This was, in turn, portrayed by much of the media as the Trump administration taking a stance “against breastfeeding,” which is today almost universally regarded
A new North-American trade deal is in the works between the U.S. and Canada, after a tentative agreement was reached with Mexico last week . The deal would replace the almost 25-year-old NAFTA accord between the three countries. The media and industry alike are suffering from “deal fever,” as they eagerly await the results of negotiations. There
[This article is adapted from Claudio Grass’s commentary on Lew Rockwell’s acceptance speech for the Roland Baader Prize , awarded earlier this year in Hamburg, Germany.] A few days ago, I had the pleasure to step in as an Ambassador for the Mises Institute and receive the Roland Baader Prize on behalf of Lew Rockwell, as he unfortunately wasn’t
An audio version of this article is available here . As long as I can remember, unions have attacked as “scabs” those willing to accept work for wages and conditions those unions reject, even if it involves crossing union picket lines. In fact, that usage goes back centuries, from English slang for a mean, low, “scurvy” rascal or scoundrel. As
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.