The destruction and suffering in Myanmar from the recent killer cyclone is incalculable. The death toll, which is rising by the thousands daily, has now been predicted to top 100,000 people. President Bush, after initially authorizing $250,000 in US aid, has now pledged an additional $3 million to help the people of Myanmar. The real question,
One of the worst things that has happened during this economic crisis is that capitalism itself has been attacked without mercy — even by some who generally support the free market. Calls for more regulations, more bailouts, more Fed action, more stimulus packages, more recovery programs, and more government intervention in general can be heard
Our current income tax system, inaugurated in 1913 with the adoption of the 16th Amendment, began with a 1 percent tax on taxable income above $3,000 ($4,000 for married couples). A series of surcharges of up to 6 percent were applied to higher incomes, with the maximum rate being 7 percent on taxable income over $500,000. Less than 0.5 percent of
The government’s War on Drugs, like its War on Poverty and its War on Terror, is a failure. It has clogged the judicial system, unnecessarily swelled prison populations, fostered violence, corrupted law enforcement, eroded civil liberties, and destroyed financial privacy. It has encouraged illegal searches and seizures, ruined countless lives,
Although John Médaille has worked in management at large corporations, he doesn’t like large corporations. He also doesn’t care much for the Federal Reserve, government bailouts, socialism, Keynesianism, centralization, and what passes for capitalism nowadays. But, he likewise disdains advertising, gold, landlords, high executive salaries,
Air travelers were outraged when the FAA announced that there would be flight delays because air-traffic controllers had to take furloughs as a result of sequester budget cuts. But there is another federal agency whose budget cuts Americans should be cheering — the Drug Enforcement Administration. According to the Office of Management and Budget’s
Editors note: This selection is from chapter 7 of Laurence Vance’s War, Empire, and the Military: Essays on the Follies of War and U.S. Foreign Policy , now available in the Mises Store. The WikiLeaks revelations have shined a light on the dark nature of U.S. foreign policy, including, as Eric Margolis recently described it: “Washington’s
En 1920, Ludwig von Mises escribió una crítica exhaustiva de la economía del socialismo que lanzó el « debate sobre el cálculo». La importancia de su ensayo seminal, «El cálculo económico en la comunidad socialista », como escribe en una posdata el miembro principal del Instituto Mises , Joseph Salerno, es que «va mucho más allá de su
Desde mi reciente artículo sobre los males de la retención en origen, he sido inundado de correos electrónicos de partidarios de la « FairTax », incluida una petición de que apoye la «Ley de Impuestos Justos de 2005» actualmente pendiente en el Congreso. Pero al igual que los llamamientos a favor de un «comercio justo» en lugar de un «comercio
En su nuevo libro, Flat Tax Revolution (Regnery, 2005), subtitulado Utilizando una postal para abolir Hacienda , Steve Forbes no ahorra golpes al describir el código federal del impuesto de la renta: Un sistema monstruoso. Abominable y asombrosamente confuso. Una hidra de múltiples cabezas con incontables tramos, deducciones y exenciones.
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.