Washington D.C., home of the monumental overreaction, is at it again, this time threatening China and the Solomon Islands over a security agreement negotiated between the two. Forget the fact that 99 percent of Americans couldn’t point out the Solomon Islands on a map, or that we have dozens of military bases and installations in the region, some
While it is sometimes portrayed as a trivial assortment of anecdotes and odd or mistaken experiments, stripped of its hyperbole and properly contextualized, behavioral economics can offer insights to Austrians seeking to optimize their own outcomes. At its most basic level, behavioral economics simply argues that as individuals purposefully pursue
It is a well-documented fact: merger and acquisition waves tend to coincide with stock market peaks and their immediate subsequent downturns. The latter phenomenon is fairly easy to understand. After all, in worsening economic conditions, firms can seek to survive through expanding their scale, scope, or market power. Companies that are struggling
In 2008 Warren Buffett issued a public challenge to the industry he most despised: hedge funds. Charging its clients 2% of assets under management plus 20% of any profits, Buffett wagered none of them could beat the annual return of the S&P 500. That bet was accepted, and ten years later the token wager of one million dollars was duly paid to the
By now everyone has heard or seen it, the thirty-second video clip having been destined to go viral the moment it happened. In an understandably rare public speaking event at the George W. Bush Institute at Southern Methodist University, the 43 president made a Freudian slip of almost unimaginable proportions: he admitted to being a war criminal.
If you need any more evidence that U.S. foreign policy is completely out of control, look no further than Commander-in-Chief Biden’s latest pronouncements regarding Taiwan – which is not a country. That’s right. Not according to the United Nations or the United States government. In fact, it is acknowledged by both that Taiwan is part of China.
Or rather, in the case of Somalia, we never stopped – and we just keep doing it! As the Biden administration orders U.S. troops to back to Somalia in significant numbers, several things are worth noting in opposition to yet another military response to a faraway crisis of small stakes and absolutely no consequence to Americans. First, U.S.
It has become a familiar sight over the past decade and a half: a supposedly venerable member of the financial elite tells us with utmost calm that what we think we are seeing isn’t really all that bad. The Fed already knows all about it and has already taken all necessary steps. Further, they are monitoring the situation closely and are ready to
With Sri Lanka’s short-lived green revolution of 2021 having quickly devolved into a real revolution just one year later, complete with the ouster of former president Gotabaya Rajapaksa’s incompetent and authoritarian government this past week, now is a good time to hammer home not only why the effort failed, but why so-called ESG (environmental,
With Republicans and Democrats in Congress having openly expressed their united opposition to the Biden administration reentering the nuclear agreement with Iran (the JCPOA), it should come as no surprise that negotiations have gone nowhere. The reason? Beneath all the bluster about nefarious Iranian activities in the Middle East and the back
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.