Over dinner the other night a business man mentioned that he had large amounts on deposit in the nation’s banks and said words to the effect that there is no way the government will let those deposits which are various company operating accounts go “pfft.” On that subject, while Silicon Valley Bank’s US deposits have been covered, SVB’s deposits
Many others have explained why inflation is part-and-parcel of the status quo. In the simplest terms, where’s why inflation is essential: 1. Our economy and financial system are totally dependent on the expansion of credit/debt: Banks make money by issuing new loans, and financiers make money by buying and selling debt and instruments that
Not surprisingly, right-wingers are celebrating the Supreme Court’s decision to declare affirmative-action policies at American universities to be unconstitutional. In the process, conservatives fail to recognize that they are, at the same time, celebrating the further destruction of American liberty and private-property rights. After all, why
Last year, Paypal corporation announced that it was going to “fine” users (i.e., steal their money) to the tune of $2,500 for “the sending, posting, or publication of any messages, content, or materials” which “promote misinformation.” Well, Paypal didn’t “announce” the policy so much as try to sneak it into the fine print. When the company was
State capitalism is typically viewed as anathema to the voluntaryist tradition. However, there are takeaways from the idea that might prove useful for our tradition. Particularly, I am concerned with our inability to counter certain critiques coming from the “libertarian” left. In this article, I am proposing a new system of governance that would
House Speaker Kevin McCarthy (R-CA) and President Joe Biden have nine days left to reach a spending deal before the U.S. defaults on the debt and everything falls apart or do they? Three weeks ago, Treasury Secretary Janet Yellen announced that the so-called X-date, when the U.S. would begin to default, would be Thursday, June 1st. As of last
What happened to the comments sections at mises.org? Unfortunately, we had to eliminate the comments, for now. The amount of spam was becoming difficult to manage, it was taking up a lot of staff time, and it was all slowing down the site quite a bit. The spam you did see what just the tip of the iceberg. However, some of our fine readers have put
In a 2022 survey of over 11,000 respondents, it was found that : 73 percent of adults were doing at least okay financially, meaning they reported either “doing okay” or “living comfortably.” This is 5 percentage points lower than the prior year and one of the lowest observed since 2016. These findings were published by the Federal Reserve in the
On Wednesday, Federal Reserve Governor Philip N. Jefferson offered insights on the economy and the role of the Fed. The irony is evident as we find that those entrusted with overseeing the economy appear to be continuously involved in a journey of self-discovery, yet their understanding often lacks any connection to the real-world economy. He
The flowers of entrepreneurship bloom in the strangest places. Misesian entrepreneurs attending the rain soaked Taylor Swift concert at Gillette Stadium in Foxborough, Massachusetts determined there would be a market for rain which had fallen near the pop diva. The New York Post reported “some entrepreneurial fans are capitalizing on and trying to
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.