For the third year in a row, Dan Mitchell offers his list of things he “Hopes and Fears” from the new year. Topics include Trump, Latin America, and the resolution of Brexit. We’ll start with things I hope will happen in the coming year. Hard Brexit – There is a very strong long-run argument for the United Kingdom to have a full break with the
My favorite publication every year is Economic Freedom of the World . It’s filled with data on fiscal policy, regulatory policy, trade policy, monetary policy, and quality of governance for 162 jurisdictions, and it provides an unbiased way of gauging the degree to which they allow economic liberty. It also allows readers to slice and dice data,
Less than 10 years ago, many European nations suffered fiscal crises because of a combination of excessive spending , punitive taxes , and crippling debt . The crises have since abated , largely because of direct and indirect bailouts. But the underlying policy mistakes haven’t been fixed . Indeed, the burden of government spending has
I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have repealed wealth taxes because of their harmful impact. But, to paraphrase H.L.
California is suffering a slow but steady decline . Bad economic policy has made the Golden State less attractive for entrepreneurs, investors, and business owners. Punitive tax laws deserve much of the blame, particularly the 2012 decision to impose a top tax rate of 13.3 percent. I’ve already shared some anecdotal evidence that this tax
Given the repeated failures of Keynesian economic policy, both in America and around the world , you would think the theory would be discredited. Or at least be treated with considerable skepticism by anyone with a rudimentary knowledge of economic affairs. Apparently financial journalists aren’t very familiar with real-world evidence. Here are
Social Security is projected to consume an ever-larger share of America’s national income, mostly thanks to an aging population. Indeed, demographic change is why the program is bankrupt , with an inflation-adjusted cash-flow deficit of more than $42 trillion. Yet Senator Elizabeth Warren wants to make a bad situation even worse. In a
Donald Trump is an incoherent mix of good policies and bad policies . Some of his potential 2020 opponents, by contrast, are coherent but crazy . And economic craziness exists in other nations as well. In a column for the New York Times , Jochen Bittner writes about how a rising star of Germany’s Social Democrat Party wants the type of
Parece que todos los demócratas en el país planean competir contra Trump en 2020 y, presumiblemente, todos se sentirán obligados a emitir manifiestos que describan sus agendas políticas. Lo que me da mucho material para mi columna diaria. Anteriormente he escrito sobre iniciativas estatistas de Bernie Sanders y sobre ideas extrañas presentadas por
El llamado New Deal Verde solo está relacionado tangencialmente con los problemas del clima. Es mejor pensar que se trata de la lista de deseos de la izquierda, e incluye un derecho a vacaciones pagadas , puestos de trabajo del gobierno , obstáculos a la infraestructura y una expansión del ya quebrado sistema de Seguridad Social. Pero el artículo
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.