Past all the incendiary rhetoric, one of the key differences between Democrats and Republicans is the question of how far-reaching government intervention should be. Nowhere is this more apparent than in the most recent battleground over regulations: net neutrality. Federal Communications Commission (FCC) Chairman Ajit Pai -- a Republican
Elon Musk has a reputation for blazing trails. Whether it’s electric cars, a cave rescue or space travel, the billionaire business mogul has no problem doing things his own way. Education is no exception. Since 2014, Musk has operated Ad Astra, a nonprofit school at SpaceX headquarters. Students explore everything from AI to robotics without any
In this year’s letter to Amazon shareholders, released earlier this week, CEO Jeff Bezos extolled the value of high expectations. “We didn’t ascend from our hunter-gatherer days by being satisfied,” he wrote. Among the products that Bezos summarized was the company’s new shopping concept, Amazon Go. “Since opening, we’ve been thrilled to hear many
President Donald Trump followed his announcement of steel and aluminum tariffs with a declaration that “trade wars are good, and easy to win” -- a stance economists and members of his own political party immediately challenged. Not long after the U.S. announced its tariffs, international trading partners threatened retaliatory fees against
So I watched “Do you trust this computer?”, a film that “explores the promises and perils” of artificial intelligence. While it notes both the good and the bad, it has an obvious focus on how AI might bring about “the end of the world as we know it” (TEOTWAWKI.) That is, if it is left unregulated. It’s strange, however, that the examples of
Today’s big news is that Amazon.com’s founder Jeff Bezos has teamed up with Berkshire Hathaway’s Warren Buffett and JP Morgan’s Jamie Dimon to push down the skyrocketing healthcare costs in the US. One must wonder, however, if it is a serious play or but a marketing schtick. As they say in the press release, as reported by NPR and others, the new
In fact, most geniuses seem to simply not get economics. An example is the recently departed physicist Stephen Hawking, who - like so many - made rather ridiculous statements of economic nature. Quoted by MSN/MarketWatch , Hawking makes several very simple mistakes in his attempted economic commentary. For instance, he seems to not understand the
Consumers do not gain because there are many producers of the same good, the number is irrelevant. They also do not gain from firms competing with each other, their strategies matter little. Consumers gain from production directed toward value creation . We have been taught that competition “is” many actors trying to do exactly the same thing,
Imagine a social system in which those contributing to the welfare of others are rewarded for it, and those contributing more get access to more resources—so that they can serve us better. Such a system would generate ever more welfare, and for more people. Then imagine an alternative system under which we institute a central force in society with
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.