Monday , June 18 2018
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Mises Institute USA

On War, Gold, and My Years in Congress

JEFF DEIST: What makes you optimistic, what makes you pessimistic about what you see in the US? RON PAUL: Well, if I look at the big picture including a long span of time, I would say conditions aren’t that bad, even though I often talk about all the bad things I anticipate and how it could get worse in terms of the economy and foreign policy. When you think about it, I was born in 1935, in the middle of the Depression. I remember my early life. I remember when I was 3 years old and 5 years...

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The Future of Government is Smaller

One of the great controversies in modern society concerns the necessary and required functions of government. There are few who disagree that if government is to exist then it certainly has the duty and responsibility to secure and protect essential rights of every individual, including the right to life, liberty and honestly acquired property. But there are a wide variety of tasks that the private sector could better provide that many think must be supplied by the...

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Manufacturing Jobs Are Overrated

One of the reasons that Donald Trump gives for slapping new protectionist tariffs on steel and aluminum is that it will create manufacturing jobs, and by extension, greatly enhance income growth and standards of living in the United States. Trump is capitalizing on an enduring myth of American economic history in which it is believed that declines in manufacturing jobs are accompanied by drops in standards of living as well.What is often forgotten, however, is that...

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Not Even the Pentagon Thinks Tariffs Are Needed for National Defense

When politicians run out of good arguments, their last refuge is often the claim that what they want is "necessary for national defense." Given that there are no economic arguments in favor of tariffs, it makes sense that the administration has resorted to the political "national defense" argument instead. So, even if the Trump administration were forced to admit that, yes, tariffs are bad for the incomes and standards of living for most Americans, they could still...

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Michael Boldin Makes the Case Against Jeff Sessions

5 hours agoMichael BoldinJeff DeistAttorney General Jeff Sessions was at it again last week, insisting that the supremacy of federal law is "settled"—which is his way of saying nullification and secession are illegal. But Sessions is hardly alone in his thinking, which would be right at home on the pages of Salon or National Review. Michael Boldin of the Tenth Amendment Center joins Jeff Deist to discuss how we can fight back against the cult of federal supremacy, and...

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El Acta del Patrón Oro de 1900 y sus consecuencias

Lea esto en Español 6 hours agoMurray N. Rothbard[Extraído de The Origins of the Federal Reserve]Cualquier reforma legislativa tenía que esperar a las elecciones de 1898, pues las fuerzas del oro aún no controlaban el Congreso. En otoño, el comité ejecutivo de la Comisión Monetaria de Indianápolis movilizó sus fuerzas, llamando a no menos de 97.000 corresponsales en todo el país, a quines les había distribuido el informe preliminar. El comité ejecutivo pidió a los...

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La economía al servicio del estado: El empirismo de Richard T. Ely

Lea esto en Español 7 hours agoMurray N. Rothbard[Excerpt from Murray Rothbard, The Progressive Era, Patrick Newman, ed. (Auburn, Ala.: Mises Institute, 2017), from chap. 13 "World War I as Fulfillment: Power and the Intellectuals," pp. 428–36.]La Primera Guerra Mundial fue la apoteosis de la creciente idea de los intelectuales como servidores del Estado y participantes menores en el gobierno del Estado. En la nueva fusión de intelectuales y Estado, cada uno fue...

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Jeff Sessions is Wrong: Nothing is “Settled”

Can political arrangements be dissolved peacefully? Legally? At the ballot box? By referendum? Or by any other mechanism short of outright violence and civil war?According to Attorney General Jeff Sessions, the answer to these questions is no. Speaking in California yesterday on the subject of immigration and sanctuary cities, he issued this remarkable statement that manages to upend the entire concept of federalism in just a few short sentences:   There is no...

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Los Rockefeller y la seguridad social

Lea esto en Español Los Rockefeller y su séquito intelectual y tecnocrático fueron, en realidad, esenciales para el New Deal. De hecho, en el fondo, el propio New Deal constituía un desplazamiento radical de los Morgan, que habían dominado la política financiera y económica de la década de 1920, en favor de una coalición encabezada por los Rockefeller, los Harriman, y las empresas  de banca de inversión Kuhn Loeb y Lehman Brothers.1 El Comité Asesor de Negocios del...

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Public Labor Unions Are Getting Desperate

There is an old lawyering adage that says “If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither is on your side, pound the table.” It also has an alternate ending which says, “When neither is on your side, pound your opponent.”This adage could be restated as: When you have a good argument, make it well; when you don’t have a good argument, find a way to shift the focus elsewhere, whether it involves various distractions...

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