Friday , July 30 2021
Home / Mises Institute USA

Mises Institute USA

If the US Wants to Beat China, Why Is It Copying China’s Socialism?

If the US wants to strengthen its economic and geostrategic position versus China, it needs to apply the same free market principles that made it prosperous and powerful in the first place.  Original Article: "If the US Wants to Beat China, Why Is It Copying China's Socialism?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

1789: The Electoral College Meets for the First Time

With all but two relatively obscure states—Rhode Island and North Carolina—having ratified the Constitution, the Confederation Congress was now ready to put the new federal government in place. As soon as New Hampshire became the ninth state to ratify, Congress dutifully created a committee to get the new Constitution up and running. Only the doughty Abraham Yates dissented—in a sense, the last attempt to block the Constitution as a whole. To the determined Antifederalists throughout the...

Read More »

Recession and Recovery: W.H. Hutt’s View

There is a considerable Austrian literature on the unsustainable boom driven by credit expansion. When the boom ends, a depression begins. The depression is a transitional period of reduced production that lasts until entrepreneurs restructure capital and labor into sustainable uses. During the depression, there is unavoidable unemployment of both people and productive assets. The recovery is marked by an increase in production and the employment of resources that were idle during the bust....

Read More »

Why Europe’s Highly Regulated Power Market Is So Bad for Growth

In Europe, there is no competitive market for electrical power. And since power is an important factor of production, it also means the overall marketplace is wasteful, inefficient, and sluggish.  Original Article: "Why Europe's Highly Regulated Power Market Is So Bad for Growth" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

Private Investment Is the Answer to Declining Postindustrial Towns

My town, Tallassee, Alabama, is an old mill town. It straddles the Tallapoosa River, which is dammed at that point by the Thurlow Dam to generate electricity. On both sides of the river are the ruins of a massive complex of textile mills which employed a significant portion of the town’s population until 2005. In fact, the current mayor, Johnny Hammock, worked in the mills as a young man, and his father and grandfather also worked there. Today, the town is somewhat stagnant: some of the...

Read More »

Government Debt Is Starting to Look Almost as Sketchy as Payday Loans

As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay.  Original Article: "Government Debt Is Starting to Look Almost as Sketchy as Payday Loans" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »

Cuba: The Dictatorship and the “Blockade” Lie

Cuba is a dictatorship that uses terror and propaganda to repress its people. It locks citizens up, strips them of the most basic human rights, silences them, and confronts families using extortion and threats. The regime’s constant practices of illegal detention, the personal ruin of political dissidents, and limitation of fundamental rights have nothing to do with any blockade or embargo but everything to do with the totalitarian Communist dictatorship. All the propaganda that whitewashes...

Read More »

This Is a Weak Jobs Recovery

The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. Original Article: "This Is a Weak Jobs Recovery" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Read More »