We’re regularly told by the Fed and defenders of the current incumbent president that the economy is humming along pretty well. Yes, there are concerns, we are told, the US is performing below its “potential output” level, but we’ve achieved the most that can be expected under the circumstances. People who write columns for the New York Times and
With the latest round of talks between European creditors and Greek debtors, there is renewed talk of austerity. But, as Mark Thornton points out in this video, “austerity” only works when it means actual cutting of government spending on government-employee salaries, on government agencies, and on government programs. Without real cuts, the debt
Click here for your copy of The Austrian featuring new articles on a variety of topics from the war on cash to superhero movies. The July-August issue features Joseph Salerno on the War on Cash , plus Jeff Deist on “Actionable Substance” Photos from our “Best Ever” Rothbard Graduate Seminar David Gordon on Cass Sunstein’s Phony Paternalism Ryan
Per Bylund, winner of the 2015 Lawrence Fertig Prize , and associated scholar at the Mises Institute, is leaving Baylor University for a tenure track position in the School of Entrepreneurship at Oklahoma State University. Dr. Bylund writes: “I’ll be working with PhD students (send me Austrian students, please!), and I’ll be an active voice in the
The Colorado Appeals Court ruled that the owners of a bakery do not have any right to control their property, and that they shall be forced to provide bakery services to a couple that the owner would rather not do business with. In other words, they have no property rights. The court writes : Masterpiece remains free to continue espousing its
China has devalued the Yuan for the third day in a row . For many, this has aroused fears of a currency war. But, as Paul-Martin Foss explains below, its a bit hypocritical of Americans or Europeans to regard the Chinese as mean and nasty and currency warriors because they’re letting their currency adjust against a constantly-devaluing dollar and
Historically, newspapers have made money in two ways. They make money from readers, and they make money from advertisers. Originally, most of the money that newspapers made came from readers. In the late 19th century and early 20th century the old newsboy sales model was based on incentives to move as many newspapers as possible at the highest
In this CNBC video , Ron Paul notes that almost all economists consider price manipulation to be a problem when it comes to consumer goods, oil, and more. But for some reason, it’s perfectly fine among the same economists to defend price manipulation when it comes to manipulating exchange rates among currencies. Also, the Fed is afraid to raise
It’s great to see that mises.org and The Austrian contributor James Bovard has joined the Board of Contributors of USA Today . Bovard is known for his numerous books covering government corruption, waste, and downright malifecence. His most recent book is Public Policy Hooligan . It couldn’t have happened to a nicer guy. Back when I was a mere MA
The term “Sagebrush Rebellion” is again showing up in newspapers across the American west as states seek more control over federal lands within their own boundaries. As with the original Sagebrush Rebellion of the 1970s and 1980s , several western states, where the federal government owns well over one-third of land within the states, have begun
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.