Brexit has caused some turbulent political times in Westminster, but the hole left by the UK in Brussels will be felt throughout the continent. Putting the tedious fight of Brexit negotiations aside for a moment; what kind of Europe are we going to see develop in the next 10 years, after the UK departs the union? Will France and Germany continue
Recently, 2020 Democratic presidential contender Andrew Yang appeared on Fox News . During the segment, Yang asserted that the increase in the amount of technology in the private sector, e.g., artificial intelligence, has lead to an increase in unemployment. Like the other candidates in the Democratic primary, Yang embodies the same principles of
Auto loan delinquencies surged in 2018, rising to 2.36 percent, which was the highest rate since the third quarter of 2010. Bloomberg reports : More Americans than ever are at least three months behind on their auto loans, a sign that the U.S. economy may have little growth left in the tank. The number of loans at least 90 days late exceeded 7
In addition to being a libertarian in political philosophy, I am also a member of the Austrian school of economics. Austrian economics has nothing to do with the economy of that European country. It is so named because its founding fathers all emanated from that part of the world. They include such European scholars as Carl Menger, Eugen von
According to the Federal Reserve’s Underlying Inflation Gauge , the 12-month inflation growth in January 2019 was at 2.9 percent. That’s a 12-month low, and reflects the anemic economic growth the Federal Reserve has recently identified as a reason to slow down or stop the earlier-stated plans to raise the target interest rate and sell-off the
The Federal Reserve Board of Governors today released a new report today noting changes in net worth for households and nonprofit organizations . As a result, the Drudge Report featured, at the page top, the headline “ Households see biggest decline in net worth since the financial crisis... “ The placement and asserted urgency of the headline may
It’s widely agreed that we need more entrepreneurship for economic growth and a higher standard of living. But more is not always better. In fact, there can be too much of a good thing, in entrepreneurship as in so many other things. The reason is that economic growth comes from successful entrepreneurship that is also productive. And not all
March 3 marked the bicentennial of Belgian-born philosopher/economist Gustave de Molinari’s birth. Based on self-ownership and the private property derived from it, he forcefully defended every form of liberty. No wonder Frederic Bastiat named Molinari his successor. Remembering Molinari’s across-the-board defense of liberty is particularly
In discussions about the ease or difficulty with which one may attain the so-called “American Dream” it is not uncommon to hear that in the past, a family needed only a single wage earner in order to attain the alleged dream. This is generally based on assumptions about the the past in which it is imagined that most married women stayed home and
In the United States, local governments continue to play a sizable role in constraining the amount of develop-able land, and in adding costs to housing development in the form of development fees, zoning, building-materials mandates, and minimum-size mandates. Yet, housing continues to cheaper in the US when compared to much of the world.
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.