Mises Institute » Power & Market
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Power & Market offers a contrarian take on world events. We favor individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and, in the application, defends the market economy, private property, sound money, and peaceful international..
Mises Institute » Power & Market
2M ago
has very kindly given me the opportunity to reply. Of course, most readers of probably do have the antecedent conviction that socialism is awful. I invite you to read my book to see whether I can convince you otherwise ..read more
Mises Institute » Power & Market
2M ago
Milei reminded everyone at Davos that Argentina’s ruin is not a coincidence or a fatality, but the result of years of implementing the same interventionist policies that many at Davos have defended or tolerated ..read more
Mises Institute » Power & Market
2M ago
This article was originally published by Grove City College's Institute for Faith and Freedom. recently admitted that recycling wasn’t accomplishing all that much). They push for climate change initiatives while dismissing the costs for everyday families mined with methods that create the very kinds of problems . They don’t often consider that, compared to other methods, wind farms produce a relative to the destruction they cause. messing up your own pristine ocean view had told us there were over 40 glaciers. But trying to discuss this with a presumed exper ..read more
Mises Institute » Power & Market
2M ago
Post-Republic, non-democratic governments always need to persecute and murder their political enemies. Instead of accepting or tolerating such governments, we should work to expose, overwhelm and obliterate them, starting and ending with the one we know best — our own. . The list is long, and we all know someone on that list. Those who effectively challenge state narratives and objectives always put themselves in danger. who sacrificed his entire nation’s economy , among other things, should, for the sake of Germany, be making his commentary on courage from inside a German prison c ..read more
Mises Institute » Power & Market
2M ago
The evidence in the above graph directly contradicts the original version of the Phillips Curve . This data also poses difficulties for contemporary proponents of the Phillips Curve. The data presented above also indicates that the recent wave of inflation was unnecessary. The Federal Reserve created a wave of inflation in order to deal with the Covid-19 crisis. The benefits of the aforesaid inflationary policy were doubtful from the outset, and reducing inflation will likely cause a recession in 2024. . The trendline in the above graph represents the immediate effect of inflation on unit labo ..read more
Mises Institute » Power & Market
2M ago
The Federal Reserve may have slowed the growth of the general price level, but it has not done enough. There is a need for serious deflation if consumers wish to see prices return to where they once were. The price level is still growing, and it is easy enough to see if you understand what the inflation rate actually means. has tracked the growing decline in the money supply as the Federal Reserve has raised rates, but the decline is not enough. in 40 years. Consumers, however, are not buying this rhetoric. The University of Michigan’s Consumer Sentiment Index , but nowhere close to its pre-CO ..read more
Mises Institute » Power & Market
2M ago
Regardless of how you feel about former President Trump, the ruling against him in New York goes against the free-market principles that made America the economic powerhouse it is today. Price controls, central planning, and the law becoming opaque all have historical track records of failure. These concepts should be vigilantly discouraged if we want to continue having a thriving society. that they should leave the state before becoming the next target of an overzealous government. Governor Kathy Hochul tried to play down these fears and claim that businesses who do not break the law and comm ..read more
Mises Institute » Power & Market
2M ago
ZeroHedge Debate—"The Fate Of The US Dollar" Michael Every and Brent Johnson, and moderated by Adam Taggart, will be streamed concurrently on Tuesday (February 13) at ..read more
Mises Institute » Power & Market
2M ago
It is easy to criticize the Fed based upon talking points. It is another thing to understand how it works. The Fed has an immense effect on the economy, and we had best understand it. That involves understanding the tools it uses to play surgeon with the economy. While they change over time, we can properly understand with a few analogies and some careful analysis. as the Fed has adapted its tools. In the past the Fed would use Open Market Operations to buy assets from a bank. If a bank owned, say, a treasury bond the Fed might buy that bond and deposit dollars into that bank’s Master Fed Acco ..read more