[Rothbard wrote this in 1950.] Whether the American war effort remains “partial” or eventually becomes “total,” methods of mobilization are rapidly becoming our most pressing economic problem. Obviously, mobilization for war inevitably involves hardships for the populace, and lowered standards of living for the duration of the war effort. The
With fear of the coronavirus continuing to wreak havoc on every country in the West, almost all governments have taken radical measures for containment of the virus: mandatory quarantines for many, the closing of businesses, and the prohibition of many economic and social activities. I am not going to pretend that I am a medical expert and share
(Sing along to the theme song from the Flintstones .) Spendthrifts, meet the Spendthrifts, They’re the modern wasteful family. From the town of DC, The most reckless house in history. Their massive outlays are so darn carefree, They have no concept of reality. When you’re with the Spendthrifts, Common sense, restraint and honesty are all a joke.
The so-called Economic Emergency Law announced by the new government in Argentina is simply another massive set of tariffs and burdens on the private sector to finance the bloated public expenditure in a country where confiscatory monetary and fiscal policy is the norm. What is the major problem with the recent Economic Emergency Law? That it does
Abstract: The purpose of the paper is to apply Fraser’s methodology from the Economic Freedom of North America report to Brazilian data. government size, tax and labor market indicators vary among subnational entities. Following Friedrich A. Hayek’s tribute on the occasion the 70th birthday of Ludwig von Mises, the importance of an index for
Every time there is a budget debate, politicians from both parties will discuss the deficit and spending as if the first one did not matter and the latter could only increase. However, the main problem of the US budget in the past four decades is that total outlays rise significantly faster than receipts no matter what the economic growth or
The Senate’s vote to acquit Donald Trump on both articles of impeachment this month brought a much-needed end to the tiring impeachment saga America has been subject to in the last few months. The impeachment controversy arose when President Donald Trump initially withheld military aid from Ukraine unless President Volodymyr Zelensky provided
Donald Trump likes to posture as a tough guy and part of that tough guy persona involves bragging about how much he’s spent on the US military. This tendency was on full display in a tweet he posted three days after an American drone killed Iranian Major General Qassem Suleimani in Baghdad: The United States just spent Two Trillion Dollars on
Social Security, the primary retirement savings tool and biggest tax for millions of Americans, is a bad deal, critics contend. They argue that mandatory Social Security is a poor investment because it only provides an average annual income of some $17,000. This is a lousy return on the decades of tax payments, critics contend. They say most would
The biggest political issue over the next fifteen years may be changing conditions that affect how much Social Security can pay. This would include the decline in the ratio of those who are paying into the system to those collecting. Once this was as much was some forty-two to one. Today the ratio is down to about three to one. That ratio will
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.