Almost a decade later, the Federal Reserve this week announced it will begin reversing quantitative easing . Slowly. Very slowly. The balance sheet currently stands at $4.5 trillion and they will begin allowing $10 billion in assets to roll off their sheets next month. Given the unprecedented nature of QE, even this modest reduction has many
Gary Schlarbaum, one of our generous supporters, has again offered to match all donations received through December 9. That means your $10 donation becomes $20, your $25 donation becomes $50, and so on. With a donation of $25 or more, you’ll receive a copy of Mises’s The Middle of the Road Leads to Socialism (US mailing addresses only). And,
The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and directed by Joseph Salerno , professor of
Healthcare once again dominated the headlines as Republicans continue to struggle in their efforts to replace Obamacare. Of course, as Ryan McMaken noted this week , that’s part of the Republicans’ problem. The obsessions of Obamacare itself has prevented honest conversation about what was plaguing American healthcare prior to the “Affordable”
As the war drums with North Korea get ever louder, it’s appropriate that this week was the anniversary of the atomic bombing of Japan. As the great Ralph Raico noted in a piece we shared this week: The destruction of Hiroshima and Nagasaki was a war crime worse than any that Japanese generals were executed for in Tokyo and Manila. If Harry Truman
The headlines this week were dominated by last weekend’s events at Charlottesville. Of course, instead of rejecting the the sort of overly politicized society that makes such escalation inevitable , politicians of both sides tried to seize the moment. As such, we have the returning distraction over the battle over confederate monuments — an issue
The tsunami of government spending and easy-money monetary policy shows no sign of letting up. In spite of many claims of strong economic growth, the world’s central banks refuse to do much at all in terms of scaling back their huge balance sheets or their rock-bottom interest rates. Not coincidentally, household debt has now returned to
The Trump administration released its 2018 budget this week. Once again we saw the media try to play up decreases in proposed spending as a form of draconian cuts , ignoring the fact that Trump’s plan still reflects a significant increase in federal programs. Rather than trying to decentralize America’s bloated welfare state , the Trump budget
Another week of Trump monopolizing the news cycle, first with a typo and then by exiting the Obama administration’s Paris Climate Agreement. Rejecting the international agreement is not only a victory for American self-determination , but will improve the lives of the billions who were going to bear the real costs of another layer of government
Janet Yellen didn’t make much news this week when she testified before the House and Senate banking committees. She continued to defend the Fed’s low interest rate policy , painted a very optimistic picture of the American economy, and struggled to defend her opposition to Audit the Fed . Unfortunately for Yellen, while she can duck and dodge the
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.