[At the invitation of the New York Federal Reserve Bank, Robert Wenzel spoke and had lunch in the bank’s Liberty Room on April 25, 2012. Below are his prepared remarks.] Thank you very much for inviting me to speak here at the New York Federal Reserve Bank. Intellectual discourse is, of course, extraordinarily valuable in reaching truth. In this
On March 16, 2013 an alarm should have gone off in the minds of any who held money in a bank anywhere in the world. On that day, banksters attempted an unprecedented money grab of depositor money held at banks in Cyprus. In a new plan to bail out the government of Cyprus, under the watchful eye of the European Commission, the International
The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 to Abhijit Banerjee (Massachusetts Institute of Technology) and to his wife Esther Duflo (Massachusetts Institute of Technology) and to Michael Kremer (Harvard University). From the Nobel committee: Despite recent
Futures oil contract trading is generally done by two different groups, speculators and commercial hedgers. Speculators are essentially taking a position on where oil will be at a future time. If they think it will go higher, they will buy an oil contract to profit from what they expect, a higher price. If they believe that oil will be lower, they
The latest data from the Bureau of Labor Statistics shows twelve-month food prices climbing at a 3.9 percent annualized rate for 2020. Overall price inflation for the same period, as measured by the government’s Consumer Price Index, rose 1.4 percent. Bottom line: the goods people are buying during this lockdown period such as food are soaring.
Below is a look from a libertarian perspective at the statements and rulings of the likely Trump nominee for the Supreme Court, Amy Coney Barrett. President Trump is expected to officially announce his choice for the Supreme Court on Saturday afternoon. The good from a libertarian perspective: Barrett wrote in 2017 that Chief Justice John
La Real Academia Sueca de Ciencias ha concedido el Premio Sveriges Riksbank de Ciencias Económicas en memoria de Alfred Nobel 2019 a Abhijit Banerjee (Instituto Tecnológico de Massachusetts) y a su esposa Esther Duflo (Instituto Tecnológico de Massachusetts) y a Michael Kremer (Universidad Harvard). Del comité del Nobel: A pesar de las recientes y
El miércoles pasado, el multimillonario de Silicon Valley Peter Thiel dio la conferencia Wriston de 2019 en el Instituto Manhattan. Durante las preguntas y respuestas que siguieron a la conferencia, se planteó el tema de la inteligencia artificial y Thiel lo discutió en el contexto de la economía austriaca. Dijo (mi punto culminante): La IA es la
El comercio de contratos de futuros de petróleo suele ser realizado por dos grupos diferentes, los especuladores y los cobertores comerciales. Los especuladores están esencialmente tomando una posición sobre dónde estará el petróleo en el futuro. Si piensan que subirá, comprarán un contrato petrolero para beneficiarse de lo que esperan, un precio
Los últimos datos de la Oficina de Estadísticas Laborales muestran que los precios de los alimentos durante doce meses han aumentado a una tasa anualizada del 3,9 por ciento para el año 2020. La inflación general de los precios en el mismo período, medida por el Índice de precios al consumidor del gobierno, aumentó un 1,4 por ciento. En resumen:
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.