The following is a long-forgotten story regarding the true nature of Ukrainian President Volodymyr Zelensky’s attitude towards free speech. Zelensky has been lionized by the western press since the start of Russia’s invasion, but in the not-so-distant past, many international human rights organizations and concerned Ukrainians were sounding the
The Bureau of Democracy, Human Rights and Labor (a branch within the US State Department) releases annual ‘Human Rights Reports’ on 194 different countries around the globe. Their 2021 report for Ukraine was released in April of this year. Despite its relevance to whether US intervention in the RU-UA war is merited, the report received zero
Journalist, historical analyst, and conspiracy theorist Mathew Erhet joined Whitney Webb’s Unlimited Hangout podcast titled “Fabians and Fascists”. Erhet made several extraordinary claims, many of which I found intriguing and planned to verify later. I was impressed with Erhet as he was quite articulate and pulled “facts” from a seemingly endless
On Wednesday, the Federal Open Market Committee (FOMC) held true to its monetary-tightening timeline despite last week’s 10 percent drawdown in most major indices, effectively saying, “10 percent is not enough.” With retail sales numbers that will surely return to trend without more stimulus (see chart), a gridlocked Senate, and the prospect of
The go-to bullish indicators highlighted by pundits these days are the high levels of sidelined mutual fund cash and the AAII investor sentiment survey hitting its highest bearish reading since 2009: Traditionally, these signals suggest that most of the carnage is priced into markets, indicating that it might be time to buy. However, these data
Nothing is so permanent as a temporary government program. - Milton Friedman Not only does Milton’s quote hold true in times of dire crisis, but worse, programs expand with even less scrutiny and oversight. If you’re unfamiliar with the situation in Sri Lanka, here are a couple videos to give you an idea . Bad governance is to blame (or
There’s a saying on Wall Street referring to the stock market that “all correlations go to one in a crisis.” Perhaps more accurately, all correlations go to one when a single governing body determines interest rates for the entire economy. Interest rates are the price of money. Virtually all public companies utilize debt to some degree. When the
I recently dug into our government’s convoluted unemployment insurance system. As is typically true with most government policy, any stone one decides to unturn is ripe with waste, fraud, and mismanagement. In 1935, FDR (of course) created the first federal unemployment insurance program via the Social Security Act. The program created a national
“An economic foundation that was built on cheap money and debt.” Bond and equity markets have collectively seen one of their worst years on record. This may come as a shock to those who have followed mainstream financial outlets over the past two years, as everyday we were reminded of the “robust” recovery and “strong” labor market. But our
If you’re into finance, you may have seen this chart: Fed hiking cycles end in crisis - every time. The chart also illustrates that, since the 1980s, the Fed has been unable to achieve a Fed Funds Rate (FFR) at or above the peak of the preceding tightening cycle. It’s not a mystery why this happens: lower-for-longer rates allow for greater debt
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.