With Cuba Policy, Trump Strikes Another Blow Against Economic Freedom

By: Ryan McMaken One of the few good things President Obama did was partially liberalize the US government’s policy toward Cuba. While it should have gone much further than it did, the Obama Administration expanded the types of travel and trade allowed with Cubans in Cuba.  In the wake of […]

Terry McAuliffe’s Fuzzy Math on Gun Homicides

By: Ryan McMaken Terry McAuliffe’s Wednesday press conference on the Alexandria shooting offers an instructive lesson on what passes for quantitative analysis among politicians.  Asked about the shooting, in which as left-wing activist opened fire upon a group of GOP politicians, Virginia governor Terry McAuliffe opined that the real problem […]

What If Taxpayers Could Choose if Taxes Went to the State Level or Federal Level?

By: Ryan McMaken In recent years, we’ve examined any number of ways of decentralizing the American political system. These step-by-step moves can include decentralizing the monetary system, decentralizing the military, decentralizing immigration policy, and decentralizing elections. Most recently, we looked at decentralizing the welfare state, and found that each US […]

June FOMC Announcement: Rate Hike and Balance Sheet Plans

By: C.Jay Engel June’s FOMC meeting concluded today and the meeting announcement revealed an interest rate hike of .25% to bring the Federal Funds target to between 1 and 1.25%. Additionally, we also learned that the FOMC anticipates one more rate in 2017, 3 more in 2018, and the beginning of […]

Mises-Influenced MP Becomes Brexit Minister

By: Tho Bishop Steve Baker, a Conservative Member of Parliament, was announced today as junior Brexit minister under fellow libertarian David Davis. Baker, who has referenced Austrian scholars such as Ludwig von Mises, Jesús Huerta de Soto and F.A. Hayek in the House of Commons, has long been a Eurosceptic […]

Jeff Deist Joins Power Trading Radio to Discuss the Economy

By: Mises Institute Jeff join John O’Donnell and Merlin Rothfeld to discuss the health of the US economy. https://www.youtube.com/watch?v=bNEyMrsnmlY         Powered by WPeMatico

The Myth of Infrastructure Spending

By: Ryan McMaken Trump’s $1-trillion infrastructure spending plan continues to be one of his less controversial proposed policies. In Washington, and even among many in the general public, there is a consensus that government spending on more roads and bridges is always necessarily a slam dunk.  This is stated matter-of-factly […]

Maskin on Samueslon

By: David Gordon In an article that appeared in the Wall Street Journal, May 20-21, 2017 under the pretentious title “An Einstein for the Dismal Science,” Eric Maskin made extravagant claims for the significance of Paul Samuelson. For Maskin, himself a Nobel laureate in economics, Samuelson was one of the […]

Wages and Subsistence

By: Ludwig von Mises [This article is excerpted from chapter 21 of Human Action.] The life of primitive man was an unceasing struggle against the scantiness of the nature-given means for his sustenance. In this desperate effort to secure bare survival, many individuals and whole families, tribes, and races succumbed. […]

Could Donald Trump Save the Internet?

By: Tho Bishop Ludwig von Mises dedicated a great amount of ink to the role that ideas play in shaping society. Not only does his analysis illustrate why it is so important to educate the public on topics such as economics, but also explains the enormous danger posed by widely […]

Fed Officials Can’t See What’s Right In Front Of Them

By: Jonathan Newman While the Federal Reserve has an explicit dual mandate to keep prices stable and maintain full employment, they have unofficially taken on new goals like maintaining financial stability. Bernanke, Yellen, and other officials have noted how traditional monetary policy is a limited and blunt tool to accomplish […]

Government Guaranteed Income is Not a Solution

By: Henry Hazlitt Recognizing the calamitous erosion of incentives that would be brought about by a straight guaranteed-income plan, some reformers have advocated what they call a “negative income tax.” This proposal was put forward by the prominent economist, Professor Milton Friedman, of the University of Chicago, in his book Capitalism […]

David Gordon on Libertarian Philosophy

By: David Gordon, Jeff Deist David Gordon joins Jeff to consider the important philosophy—and philosophers—libertarians need to know. Starting with Mises’s influences in Human Action, Dr. Gordon moves through the 20th century with a great discussion of John Rawls and Robert Nozick. He also suggests the books that Austro-libertarians need […]

A Conversation with Martin Eriksson on Libertarianism in Europe

By: Martin Eriksson, Jeff Deist Jeff Deist joins Martin Eriksson to talk libertarianism in Europe and the upcoming Corax conference on Malta featuring Hans-Hermann Hoppe. Powered by WPeMatico

Inflation: It It the Disease or the Symptom?

By: Frank Shostak According to Ludwig von Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation’ to refer […]

Inflation: Is It the Disease or the Symptom?

By: Frank Shostak According to Ludwig von Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation’ to refer […]

Deeper Forces Emerge: The Great War from January to June, 1917

A hundred years ago, the First World War was reaching its crisis. Though we tend to think of the war in terms of stalemate and attrition, the war was a complex web of human activities and human choices that seemed anything but static to most of the millions of participants. […]

Withdrawing From Paris Agreement Helps the Most Vulnerable

By: Blaine Conzatti Are you concerned about the poor’s economic welfare? If so, you should celebrate President Trump’s announcement that the United States will withdraw itself from the Paris Agreement. The Paris climate accord, which was ratified last year, attempts to “brings all nations into a common cause to undertake […]

Manchester Liberalism is the Answer to Terrorism

Many in Manchester are still reeling from the May 22nd suicide bombing that killed 23 people and left dozens more injured. Since then, thousands have come to visit a memorial in St. Ann’s square, a short distance from the site of the attack, to place flowers or to offer prayers […]

Civil Asset Forfeiture: Another Stealth Tax

By: Ryan McMaken When you’re a government agency, asking for a tax increase is always a hassle.  For the most part, taxpayers don’t like taxes, and if asked if they want to pay more, they’re likely to often say “no.”  Moreover, when public officials pass tax increases, they may face […]