Wednesday , February 24 2021
Home / Mises Institute USA

Mises Institute USA

The Great Paper-Money Experiment

[Excerpted from book 7, Money and Man.] The name of that ardent Scotsman, John Law, is short. His career was likewise short: he was comptroller general of France for less than five months in the year 1720. The space of time during which he bestrode the financial world of Europe like a Colossus scarcely exceeded five years at the most. The financial mania that swept over the continent at his touch flamed and died in less than two years. His epoch is usually dismissed by historians with a short...

Read More »

The Biggest Lies of the Impeachment Saga

The Senate impeachment trial of former president Donald Trump confirms historian Henry Adams's adage a century ago that politics “has always been the systematic organization of hatreds.” The impeachment process was a farce that should fortify Americans’ disdain for Washington. Considering how Democrats are using the January 6 clash at the Capitol to justify enacting a new domestic terrorism law, Americans need to recognize the frauds that permeated this process from the start. At last week’s...

Read More »

Economists and Psychologists Are Weaponizing Psychology and the Idea of “Rationality”

Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation. Original Article: "Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality"" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.  

Read More »

The Omnipotent Power to Assassinate

It goes without saying that the Constitution called into existence a government with few, limited powers. That was the purpose of enumerating the powers of the federal government. If the Constitution was bringing into existence a government of unlimited or omnipotent powers, then there would have been no point in enumerating a few limited powers. In that event, the Constitution would have called into existence a government with general, unlimited powers to do whatever was in the interests of...

Read More »

Why Biden and Krugman Are Wrong about the $15 Minimum Wage

President Biden claimed during his Super Bowl interview that “all the economics show” that if the government imposes a $15 minimum wage then “the whole economy rises.” For his part, Nobel laureate Paul Krugman has claimed for years that “[t]here’s just no evidence that raising the minimum wage costs jobs, at least when the starting point is as low as it is in modern America.” Is this really possible? Are all of the free market fans on the internet just spouting unscientific nonsense when they...

Read More »

Some Coloradans Want to Break Off and Join Wyoming. They Should at Least Get to Vote On It.

Last month, a group of activists in Weld County, Colorado began floating the idea that the county should leave Colorado and be annexed by the state of Wyoming. Weld county borders Wyoming on the north and runs southward to the northern part of the metro Denver area. It is the ninth largest county in Colorado by population, containing more than 252,000 residents. Were it to join Wyoming, it would become the largest Wyoming county—by far—in terms of population. With a population of only...

Read More »

Are There Any Limits to Natural Rights?

I’d like to discuss today an argument that is popular among some contemporary political philosophers. If this argument is correct, it undermines the sort of natural rights found in Murray Rothbard’s The Ethics of Liberty. I hope that I am not spoiling the surprise by telling you immediately that I think the argument is wrong. Natural rights of the sort that Rothbard favors are prepolitical. In other words, these rights aren’t dependent on the state for their existence. Each person is a...

Read More »

Covid in Florida, Pennsylvania, Colorado: How 3 States Did Lockdowns

Tho Bishop and Zachary Yost join Ryan McMaken to discuss Covid politics in three states, and whether anyone is paying any attention to social distancing rules anymore. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard, and subscribe on your favorite podcast platform. Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of economics, at https://Mises.org.

Read More »