The government has no business stockpiling anything, including oil. But when three socialist amigos like Senators Charles Schumer of New York, Barbara Boxer of California and Harry Reid of Nevada all urged the Bush administration recently to help ease gasoline prices by releasing oil from the Strategic Petroleum Reserve (SPR), you know what’s up.
Economics professor Bernard Malamud not once but twice invited the crowd in Las Vegas to visit nearby Hoover Dam to see for themselves an example of the productive assets that were created by Franklin Delano Roosevelt’s (FDR) New Deal. Professor Malamud was recruited to plead the Keynesian side of the argument in an “FDR’s Depression Policies:
[Speech delivered at the Naples Mises Circle , February 26, 2011] Sandwich magnate Jimmy John Liautaud will leave higher-tax Illinois for lower-tax Florida. Does his move presage a movement? Jimmy John Liautaud, founder of the Jimmy John’s sub chain, just applied to move his residence from Illinois to Florida — and his company’s headquarters
What everyone who pays attention already knows hit the front page the other day: Social Security will exhaust its reserves by 2033. That’s 3 years sooner than previously projected, and, most importantly, a scant 21 years away for those hoping to retrieve some of what they put in over the years. The Social Security Administration is kind enough to
New president Barack Obama’s $3.55 trillion budget serves notice that if you thought government couldn’t get any bigger or more intrusive, think again. The budget “represents real and dramatic change,” according to the President. But really the Obama plan is just more of the same, with the federal government expanding its role in education,
“The Mises Institute is the intellectual source for an enlightened future.” The prospect and reality of Obamacare have woken up many people to the need to stop the socialization of medical care in America. It will produce here what it has produced everywhere: stagnation, overutilization, rationing, and the sacrifice of individual well-being in
The common thief has the decency to leave you alone after he takes your money. But, society’s biggest thief, government, steals money, calling it taxation, and then lurks in the shadows to tell its victims what to do, calling it regulation. And, in Las Vegas the government goes one step further, it taxes, it regulates and then competes head to
When the Winter Olympics came to Salt Lake City last year, some of the dirt that visiting journalists dug up to soil Utah’s good name was the issue of polygamy. Polygamy, the practice of having more than one spouse at the same time, especially wives, is against the law. But, should it be? Opponents of polygamy will point to the abuses taking place
A punk economy is doing what legislators around the country could never do: shrink state and local governments. California Governator Arnold Schwarzenegger has declared a fiscal emergency because his state is $40 billion in the red and may actually be completely busted by February. He even “ordered state officials to prepare to furlough and lay
While Nevada’s public is spared excessive lawmaker interference as its Legislature only meets every other year for 120 consecutive days, this year will be the third in a row the Legislature will be called into special session to vote on a handout for a billionaire. There was a time Nevada was thought to be libertarian, with no income taxes,
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.