In recent years, we’ve seen the issue of changing US state borders come up repeatedly. For example, activists in some Colorado counties in 2013 proposed breaking off to form a new state. Since 2021, a similar idea has persisted in having Weld County, Colorado join the State of Wyoming. In 2016, California activists sought a vote on splitting the
If one cares to look, it’s not difficult to find numerous columns written for mainstream news outlets announcing that the US Constitution has failed. This ought to raise the question of “failed to do what?” The answer depends largely on the one claiming the constitution has failed. On the Left, claims of constitutional failure generally revolve
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in fifteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.5 percent year over year during
Economist and Mises Institute Associated Scholar Robert Ekelund recently teamed up with former US Senator Phil Gramm and John Early to write The Myth of American Inequality: How Government Biases Policy Debate . The book was released this month by Rowman and Littlefield Publishers. In it, the authors explore some of the many ways that the debate
In recent years, Congress has attempted to add various new mandates to the Federal Reserve’s mission. In 2020, Democrats introduced the “ Federal Reserve Racial and Economic Equity Act .” Then, in 2021, pundits and politicians were telling us that it’s the Fed’s job to “combat climate change.” These are just the latest efforts to use the
On February 8, the Japanese yen fell to a twenty-four-year low against the dollar, dropping to 143 yen per dollar. Not much has changed since then, with the yen hovering between 142 and 144 per dollar. In September 2021, one only needed 109 yen to buy a dollar. Overall, the yen has dropped 21 percent against the dollar over the past year, yet
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday announced it will raise the target federal funds rate by 50 basis points, bringing the target rate to 4.5 percent. Wednesday’s rate hike followed four hikes in a row of 75 basis points, and is the smallest rate hike since March. According to the FOMC’s press release , the
Opponents of secession in the United States often choose from several reasons as to why no member state of the United States should be allowed to separate from the rest of the confederation. Some antisecessionists say it’s bad for national security reasons . Others oppose secession for nationalistic reasons, declaring that “we”—whoever that
Last week, CNN featured a story called “ Men are dropping out of the workforce. Here’s why “ The article went on to tell us virtually nothing at all about why so many men are leaving the workforce. Although as many as seven million men have stayed out of the workforce for varying reasons, the CNN piece was really about how more women are joining
The federal government’s Bureau of Labor Statistics released new price inflation data today, and the news wasn’t good. According to the BLS, Consumer Price Index (CPI) inflation rose 8.3 percent year over year during August, before seasonal adjustment. That’s the seventeenth month in a row of inflation above the Fed’s arbitrary 2 percent inflation
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.