The Relationship Between Saving and Money

By: Frank Shostak Conventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays. Hence, for a given consumer outlays an increase in money income implies more saving and thus more funding for investment. This in turn sets the platform for higher […]

Week in Review: August 19, 2017

By: Mises Institute 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 […]

Do Seasonal Adjustments Help Identify Business Cycles?

By: Frank Shostak Various statistics that governments produce on a regular basis carry the label “seasonally adjusted”. What is the meaning of this label? According to popular thinking the data that is observed over time (labelled as time series) is determined by four factors, which are: The trend factor The […]

Privatize the Public Monuments

By: Ryan McMaken When I was a student at the University of Colorado, I regularly walked by the Dalton Trumbo memorial fountain which, of course, was named after the communist Stalin-sympathizing novelist and screenwriter.  Once upon a time, the fountain had been simply known as “the fountain,” but around 25 years ago, it was unnecessarily renamed […]

Decentralize the Gun Laws

By: Ryan McMaken With a Republican in the White House, the anti-gun-control lobby smells a bit of blood in the water. Now is the time, they suggest, to pass national gun-licensing reciprocity laws forcing gun-restrictive states to recognize permits issued by gun-permissive states. Writing in The Hill, Tim Schmidt sums it […]

Before “Fake News,” America Invented “Pseudo Events”

By: Ryan McMaken In the wake of the Chalottesville riot, it’s been interesting how quickly the focus has shifted away from the actual events to Charlottesville and toward the public pundits and intellectuals are expressing opinions about the events.  Already, the media has lost interest in analyzing the details of […]

Korea and Venezuela: Flip Sides of the Same Coin

By: Jacob G. Hornberger By suggesting that he might order a US regime-change invasion of Venezuela, President Trump has inadvertently shown why North Korea has been desperately trying to develop nuclear weapons — to serve as a deterrent or defense against one of the US national-security state storied regime-change operations. In […]

Why Cryptocurrencies Will Never Be Safe Havens

By: Mark Spitznagel Every further new high in the price of Bitcoin brings ever more claims that it is destined to become the preeminent safe haven investment of the modern age — the new gold. But there’s no getting around the fact that Bitcoin is essentially a speculative investment in a […]

World War I and the Triumph of Illiberal Ideology

By: Matthew McCaffrey Just over a century ago, in August 1914, the major European nations plunged their peoples into one of the most disastrous conflicts in history. The First World War claimed at least seventeen million lives, destroyed the social and economic fabric of Western Europe, and played a vital […]

That Google Diversity Memo

By: Peter G. Klein The dominant story in last week’s news cycle was Google engineer James Damore’s diversity memo and his subsequent firing by CEO Sundar Pichai for allegedly violating Google’s code of conduct. Damore argued that at least some of male-female employment gap at tech firms can be attributed to average biological […]

The Wrong Narrative in Charlottesville

By: Jeff Deist The political violence in Charlottesville yesterday was as predictable as it was futile. One person was killed and dozens badly injured, marking a new low in the political and cultural wars that are as heated as any time since in America since the 1960s. This relentless politicization […]

Tom Woods: What I Learned from Murray Rothbard

By: Thomas E. Woods, Jr. This week’s episode features Tom Woods’ opening lecture at Mises University 2017. Tom shares his experiences meeting Murray Rothbard, how Murray shaped Tom’s intellectual development, plus some valuable lessons for us all. Powered by WPeMatico

The Google Manifesto – and What it Means

By: William L. Anderson It seems that anyone on Planet Earth with a pulse now is familiar with the situation at Google in which a male engineer sent a 10-page memo over the company’s internal listserv in which he questioned some of Google’s “diversity” policies. As most of us expected […]

Harry Truman and the Atomic Bomb

By: Ralph Raico [Excerpted from “Harry S. Truman: Advancing the Revolution,” in Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom, John Denson, ed.] The most spectacular episode of Harry Truman’s presidency will never be forgotten but will be forever linked to his name: the atomic bombings […]

It’s Not Urban vs. Rural — It’s Suburban vs. Urban

By: Ryan McMaken Rural America continues to be a topic of political conversation. For many journalists and pundits, this focus comes out of a belief that rural America is the primary driver behind Donald Trump’s political base. “Rural Resentment,” for example, is the title of an article last week at Slate which, […]

Tyrants of the Mind and the New Collectivism

By: Richard M. Ebeling The current counter-revolution against liberty is being fought on a number of fronts in American society. One is on the college and university campuses across the country, where the ideology of “political correctness” is strangling the principle and practice of freedom of speech and the ideal […]

The Plan to “Privatize” the Afghanistan War Doesn’t Privatize Anything

By: Ryan McMaken Any time we hear the term “privatize” coming from the usual suspects in Washington, DC we should immediately be suspicious. When this word is used, there’s usually precious little actual privatization going on. Thus, we should regard the Trump administration’s proposed plan to “privatize” the war in […]

The Anti-Federalists Were Right

By: Ilana Mercer On the eve of the federal convention, and following its adjournment in September of 1787, the Anti-Federalists made the case that the Constitution makers in Philadelphia had exceeded the mandate they were given to amend the Articles of Confederation, and nothing more. The Federal Constitution augured ill […]

Jeff Sessions Endorses Theft

By: Ron Paul Attorney General Jeff Sessions recently ordered the Justice Department to increase the use of civil asset forfeiture, thus once again endorsing an unconstitutional, authoritarian, and increasingly unpopular policy. Civil asset forfeiture, which should be called civil asset theft, is the practice of seizing property believed to be […]

Week in Review: August 5, 2017

By: Mises Institute Should people worry about the “threat” posed by robots and automation? No. As Jonathan Newman illustrated this week, technological innovations don’t only allow for increased production of the goods we desire — but directly to the creation of new industries and services that we can’t imagine today. […]