It is not possible to establish the conditions of the economy by just inspecting the data as a whole, according to many economists. What is required, instead, is to break the data into its key components, which supposedly will enable economists to identify the true state of the economy. Components That Drive the Data According to popular thinking,
Elon Musk’s takeover of Twitter and his immediate firing of top brass represents a potential weakening of the Big Digital woke cartel that controls information, censors content, censures and bans users, and serves as a propaganda arm of leftist totalitarian statists. Given their cooperation with and promotion of leftist statism, it is more than
On July 8 this year, UK prime minister Boris Johnson resigned as Conservative Party leader after a Cabinet revolt over a series of ethics scandals had made his position untenable. A leadership election was then set in motion to allow party members to elect the next party leader who would succeed Johnson as PM. The result was announced on September
On the morning of Wednesday, May 4, I woke up feeling the onset of illness. My eyes burned and my muscles ached. As someone who had not been ill for more than a decade, I knew there was a problem, and I wondered if I had caught covid-19 after avoiding it ever since its outbreak in the United States more than two years ago. Because of the
Security state agencies must justify their existence. There are 1,271 counterterrorist, homeland security, and intelligence organizations; 1,931 private sector analogues; 10,000 locations of these organizations; and ~ 854,000 people with top-secret security clearances as of 2010. To make matters worse, the line between private and public is
The biggest uncertainty with libertarianism is not whether it is moral but whether it is achievable. Some form of libertarianism is what ought to be. Aggressive violence can’t be moral under any circumstances. The state is an institution that relies on aggressive violence for sustenance and is, therefore, an immoral entity. But, despite being
On Tuesday, Representative Kevin McCarthy (R-CA) was ousted as Speaker of the House. This came days after the former Speaker struck a forty-five-day spending deal with House Democrats to keep the government funded. The last-minute deal and successful motion to vacate are the latest acts in a weeks-long showdown between the former Speaker and
People, Power, and Profits: Progressive Capitalism for an Age of Discontent . By Joseph E. Stiglitz. Norton, 2019. Xxvii + 371 pages. Joseph Stiglitz is an eminent economist, but it is evident from People, Power, and Profits that he is a moralist as well, and one of a peculiar sort. Early in the book, he says this: “to answer such questions
The Most Important Election of our Lifetime™ may be a referendum on Trump, Kavanaugh, #metoo, migrant caravans, or any number of manufactured outrages since the 2016 presidential election. It will not be a referendum on foreign policy, the Federal Reserve, debt, spending entitlements, spying, civil liberties, or anything important with regard to
Donald Trump addressed his first joint session of Congress this week. During the speech, one subject was almost entirely ignored: the national debt. Though Trump did take a moment to bash the spending of Obama’s administration — ignoring his own political party’s legacy on the subject — he did little to address the very real threat posed by the
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.