Ludwig von Mises Institute
Mises Daily : Mises Institute on Austrian Economics and Libertarianism
Updated: 4 hours 32 min ago
In this review of Radley Balko's Rise of the Warrior Cop
Aaron Tao examines the history of government policing, rights that have been lost, and the symbiotic relationship between the police state and the war on drugs.
This weekend Tom Woods joins us to discuss his new book.
Ralph Raico remembers Leonard Liggio, an eminent scholar and a champion of peace and liberty.
Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession.
Christopher Westley reports from this year's National Association of Business Economists Convention. He finds that the mainstream's intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014.
In its secession effort, Scotland should have employed the methods recommended by Hans-Hermann Hoppe. That is, it should have been done in a decentralized and piecemeal fashion. However, such efforts would have required the Scots to abandon their welfare state.
John Whitehead of the Rutherford Institute talks with Lew Rockwell about his new book, the state, war, police, and education.
2014’s new US Farm Bill eliminates many direct subsidies to farmers, while replacing them with subsidized insurance programs. This will lead to higher costs for taxpayers and distorted markets in the future.
The smaller the size of government, the less power it has to hobble free enterprise with taxes and regulations.
In a potentially hostile environment how do we decide if we should trade with strangers? Time preference and the division of labor have a lot to say.
The Japanese government claims it's still fighting deflation, although there are no signs of it in Japan. Abenomics, however, makes the future of the yen anyone's guess.
In The Theory of Money and Credit
, Mises provided the basics for the long-sought explanation for that mysterious and troubling economic phenomenon — the business cycle.
Tax credits and deductions deprive the state of revenue, while allowing greater freedom to taxpayers. As such, they are good things, while closing “loopholes” or eliminating tax credits is a very bad thing. Making taxes more “efficient“ or “fair” only helps governments and hurts taxpayers.
Jeff Deist and Patrick Barron discuss what's going on in the EU, how Germany in particular suffers from being yoked to the other Eurozone nations, and what the comeback of the Deutsche Mark might mean for Europe — and for America.
Politicians and regulators usually don’t know what they don’t know about everything from health care to your small business, but that sort of compound ignorance won’t stop them from regulating the minutiae of everyday life and commerce.
, as retold in 2014’s Maleficent
, repeatedly makes the point that the evils of the world come from political power and those who seek it.
Richard Ebeling explains the basics of how central banks cause booms and busts.
After the 2008 financial crisis, banks were excoriated for lending sub-prime borrowers money. Now, in many ways, the US government is a huge sub-prime borrower itself, but when the day of reckoning comes, will anyone criticize the Federal Reserve for making the unsustainable debt-fueled spending spree possible?
Long-term interest rates are going down, but many Fed observers, relying on expectations theory, wrongly think they should be going up. Mises and time preference, however, see the true trend more clearly.
Historical revisionism is the process of unmasking government excuses for war and war-making.