Greater London and New York City have similar population sizes at around 8.6 million. And now, for the first time, homicides in London are on a par with those in New York City. As reported by the BBC: In January, the Met investigated eight murders whereas the NYPD looked into 18 killings By February, the NYPD’s figures had dropped to 11, while
In the classic 1966 film, A Man for All Seasons , the family of Thomas More — chancellor of England and eventual Catholic saint — counsels Thomas to arrest power-mad Richard Rich because they suspect (correctly) Rich will betray Thomas and because “that man’s bad.” To this, More replies “there’s no law against that.” Another family member retorts:
Growth in the supply of US dollars remained near a multi-year low in December, growing 2.9 percent, year over year. In November, year-over-year growth in the money supply fell to a 129-month low, growing 2.7 percent. The last time the money supply grew at a smaller rate than November 2017’s rate was during March 2007 — at a rate of 2.1 percent.
When governments subsidize goods and services — or provide them directly through government-owned institutions — the effect is to lower the price to consumers, thus increasing demand. Put another way: if the price of, say, a college education is near-zero to the consumer, then consumers are likely to demand a college education in much higher
The US Supreme Court today ruled 7-2 in favor of a Denver small business owner who has been threatened, sanctioned, and ultimately driven out of business by the Colorado Civil Rights Commission. The controversy arose when the cake shop owner, Jack Phillips of Masterpiece Cakeshop, refused to bake a cake for a gay wedding, claiming to be motivated
To this day, the Marshall Plan, that enormous government program for foreign aid and wealth redistribution, is still held up as a model of good government planning, and of the benefits of forcibly redistributing the taxpayers’ money. In American politics, this opinion has nearly risen to the level of gospel truth. For example, while domestic
Back in 2015, I wrote an article titled “ If Sweden and Germany Became Us States, They Would Be Among the Poorest States .” It is one of the most widely shared — and also most widely disparaged — articles on mises.org. The article showed that contrary to many efforts to posit interventionist European states as being more prosperous than the United
On the matter of immigration, Ron Paul suggested he’d like to see the green card system streamlined to make it easier to work legally in the US. Specifically, he has called for green cards that permit legal employment — and can be easily obtained by “illegal aliens” — but don’t grant political rights like access to welfare or the road to
In last week’s column comparing median income numbers from country to country, we found that, by the measure the OECD uses, median incomes in the US are the seventh highest in the world (not counting some tiny city states.) Even after including income from welfare programs, the median income of the US is about equal to that of Austria and Denmark.
It now looks like California voters will have the chance to vote on whether or not the state ought to be split up into three pieces. The Los AngelesTimes reports : If a majority of voters who cast ballots agree, a long and contentious process would begin for three separate states to take the place of California, with one primarily centered around
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.