“The Labor Department reported Friday that worker payrolls expanded by 201,000 in August and private-sector hourly wages grew 2.9% from a year earlier,” last Friday’s Wall Street Journal reported. Meanwhile, Ryan McMaken reports that the Fed has a new inflation gauge that’s reflecting “the highest rate recorded in 158 months, or more than 13
When advocates of gun confiscation complain about “guns” and say “no one needs a gun for x” all they are really saying — whether they understand it or not — is “I want only cops and soldiers to have guns.” While gun control advocates often claim to be suspicious of police power, logic dictates that the gun-confiscation position is simply the
The European Union today voted in favor of Article 13, legislation that risks, in the words of some, “destroying the internet as we know it.” It’s understandable to be skeptical of such a claim – after all similar claims were made about the FCC repealing “net neutrality.” While that campaign was largely guided by ignorance and corporate hypocrisy
It looks like we have an asset bust for the record books in the making. The cryptocurrency crash now under way today surpassed the dot-com bust that occurred at the beginning of the millennium,. While the NASDAQ Composite Index suffered a decline of 78% from its peak in March 2000 to its trough in October 2002, the MVIS CryptoCompare Digital
Former president Barack Obama is back. He kicked off a series of campaign appearances last week with a blistering attack on the Trump administration and said the Republican Party had “embraced a rising absolutism.” President Donald Trump deserves plenty of harsh criticism, but Obama’s indictment is akin to the kid who killed his parents and then
I’ve been following Lew Rockwell’s work pretty closely for more than 15 years, but there’s a lot of good stuff I haven’t heard before in this new interview between Tom Woods and Lew. He goes a little more deeply into some of his work with Ron Paul in Congress, and Lew apparently has a new book coming out soon, called Against the
As Hurricane Florence prepares to ravage the Southeastern United States, social media warriors, and “news” outlets are exclaiming their outrage at the business owners who are raising prices on essential items such as water, food, gasoline, plywood, and even hotel rooms. This “price gouging,” however, is absolutely essential, for people’s lives are
The federal government is running a massive deficit right now. American wages are stagnant. The US is involved in multiple costly wars with no apparent objective. And the president raises taxes on Americans at will through his tariff policy. But fortunately the Congress is getting down to what is really important. Federalizing laws banning the
Earlier this week Aaron Ross Sorkin wrote an interesting article at the New York Times where he draws the connection between many of the political trends in this country—Trump and attacks on trade, rise of democratic socialist politicians, and the rise of general skepticism of the “expert class”—to the aftermath of the 2008 financial crisis. Of
I have known Guido a long time, and when he was working on the book, I used to goad him by asking frequently, “When are you going to finish that Mises book?” I had no idea what a tremendous project that research was or what magnificent fruit it would bear. After reading it, I wrote to Guido as follows: “I have finally finished reading your great
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.