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Keyword: mises

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  • On Appeasing Envy

    09/19/2017 10:51:16 PM PDT · by aquila48 · 5 replies
    Mises Institute ^ | 07/30/2013 | Henry Hazlitt
    "Any attempt to equalize wealth or income by forced redistribution must only tend to destroy wealth and income. Historically the best the would-be equalizers have ever succeeded in doing is to equalize downward. This has even been caustically described as their intention. “Your levellers,” said Samuel Johnson in the mid-eighteenth century, “wish to level down as far as themselves; but they cannot bear levelling up to themselves.” And in our own day we find even an eminent liberal like the late Mr. Justice Holmes writing: “I have no respect for the passion for equality, which seems to me merely idealizing...
  • Southern Secession Was One Thing-The War To Prevent It Was Another

    08/25/2017 10:16:25 AM PDT · by SurfConservative · 131 replies ^ | August 24, 2017 | Ryan McMaken
    There's an old saying that "he who distinguishes well teaches well." In other words, if one's going to talk about an important subject, one should be able to define his terms and tell the difference between two things that are not the same. This wisdom, unfortunately, is rarely embraced by modern pundits arguing about the causes of the American Civil War. A typical example can be found in this article at the Huffington Post in which the author opines: "This discussion [over the causes of the war] has led some people to question if the Confederacy, and therefore the Civil...
  • Why Robots Won't Cause Mass Unemployment

    08/04/2017 1:26:21 PM PDT · by aquila48 · 93 replies
    Mises Institute ^ | 08/02/2017 | Jonathan Newman
    I made a small note in a previous article about how we shouldn’t worry about technology that displaces human workers: The lamenters don’t seem to understand that increased productivity in one industry frees up resources and laborers for other industries, and, since increased productivity means increased real wages, demand for goods and services will increase as well. They seem to have a nonsensical apocalyptic view of a fully automated future with piles and piles of valuable goods everywhere, but nobody can enjoy them because nobody has a job. I invite the worriers to check out simple supply and demand analysis...
  • Judge Andrew Napolitano Warns Students: Some of You May Die in Government Prisons

    07/31/2017 7:39:29 AM PDT · by PPSman · 28 replies
    Target Liberty ^ | July 31, 2017 | Robert Wenzel
    Judge Andrew Napolitano, a senior judicial analyst for Fox News, was a guest lecturer last week at Mises University in Auburn Alabama. During an opening lecture where he discussed natural rights, the development of the Constitution and footnote 4 of United States v. Carolene Products Co., he closed the question and answer period following his lecture by saying he saw dark clouds coming for the country and warned the students that some of them may die in government prisons by standing faithful to first principles. The full warning is here (1 minute 33 seconds):
  • Why Government Solutions Usually End In Inflation

    01/03/2017 7:22:57 PM PST · by OddLane · 6 replies
    Mises Wire ^ | January 3, 2016 | Ludwig Von Miss
    An essential element of the “unorthodox” doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market economy. But while the socialists contend that only the substitution of socialism for capitalism can eradicate the evil, the interventionists ascribe to the government the power to correct the operation of the market economy in such a way as to bring about what they call “economic stability.” These interventionists would be right if their antidepression plans were to aim at a radical abandonment of credit expansion policies....
  • Market Borders, Not Open Borders

    01/02/2017 6:42:00 PM PST · by OddLane · 6 replies
    Mises Wire ^ | December 20, 2016 | Jeff Deist
    The attack on a Christmas market in Berlin earlier this week, apparently carried out by a Pakistani immigrant*, is just the latest in a series of violent and disturbing terrorist incidents in Germany. The event raises uncomfortable questions about immigration, culture clashes, Islam, and identity: what does it mean to be German, rather than someone who merely lives in Germany? It also raises pragmatic questions about how to provide physical security in public spaces, given such dramatic failures by the German government. Libertarians can duck these questions, or dismiss them. We can sniff about how everyone is an individual, how...
  • Bait & Switch: "Economic Development" in the States

    01/16/2015 3:02:40 PM PST · by Ray76
    Mises Daily ^ | Jan 15, 2015 | Jeff Scribner
    North Carolina recently offered Boeing $683 million in tax incentives to open a plant in North Carolina to build Boeing’s new 777X jetliner. The NC bid failed, as did those from some other states, when Boeing decided to build the 777X in its home state of Washington where there is no state, personal, or corporate income tax.
  • Socialism

    11/20/2012 1:01:34 AM PST · by grimalkin · 8 replies
    Ludwig Von Mises Institute ^ | Mises Daily: Monday, November 19, 2012 | Ludwig Von Mises: Economic Policy: Thoughts for Today and Tomorrow (1979), Lecture 2 (1958)]
    In dealing with this system of economic organization — the market economy — we employ the term "economic freedom." Very often, people misunderstand what it means, believing that economic freedom is something quite apart from other freedoms, and that these other freedoms — which they hold to be more important — can be preserved even in the absence of economic freedom. The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society. The individual is able to choose his career; he...
  • If Only D'Souza Were Right (from the Austrian School)

    09/02/2012 10:49:10 PM PDT · by Arec Barrwin · 105 replies
    Ludwig von Mises Institute ^ | September 1, 2012 | Gary North
    If Only D'Souza Were Right Mises Daily: Monday, September 03, 2012 by Gary North by Gary North 2016: Obama's America I went to see 2016: Obama's America. Dinesh D'Souza wrote, stars in, directed, narrates, and did the original research for it. If we look at this from the point of view of its success as a documentary, I think it is effective. It is making money in theaters. This is amazing for a documentary. It is a campaign-year documentary, and it is a good one. It is also dead wrong. That is because it misses the fundamental political fact of...
  • How I Learned to Love the State

    11/09/2011 7:38:59 AM PST · by Vintage Freeper · 8 replies ^ | 11/07/2011 | Justin Hayes
    While we were students of the state education apparatus, how many of us had to write research papers where we were asked to "change the world"?I'm sure we can all remember a writing prompt similar to this: "If I could change one thing about the world, it would be …" or "How I can make the world a better place."Often, these writing prompts were given to us when we were not even old enough to think about abstract concepts like war and politics.Were these assignments teaching us to think critically? In some cases, this is possible. For the most part,...
  • Is the Need for Stimulus "Undeniable"?(stimulus #3??)

    09/05/2011 7:12:28 PM PDT · by sickoflibs · 14 replies
    Mises Institute ^ | September 05, 2011 | Hunter Lewis
    A recent article by the best-known Keynesian economist at Yale, Robert Schiller, begins this way: [A] … fact … about our current economic situation … can no longer be denied: our economy is in desperate need of government stimulus. Does the rest of the article provide a defense of stimulus? No. Since the need for stimulus is undeniable, there is no need to defend it. No reasonable person would disagree. Right? Wrong. There is a problem here. Reasonable people do disagree, strongly disagree. Robert Barro, the distinguished Harvard economist, wrote an article about the same time as Schiller's explaining why...
  • It's a Jetsons World: Private Miracles and Public Crimes (w/video and free e-book)

    07/24/2011 10:24:20 PM PDT · by 2ndDivisionVet · 12 replies
    The Ludwig Von Mises Institute ^ | June 22, 2011 | Jeffrey A. Tucker
    It's a Jetsons World: Private Miracles and Public Crimes from Mises Media on Vimeo. We are surrounded by miracles created in the private sector, particularly in the digital universe, and yet we don't appreciate them enough. Meanwhile, the public sector is systematically wrecking the physical world in sneaky and petty ways that really do matter. Jeffrey Tucker, in this follow-up to his Bourbon for Breakfast, draws detailed attention to both. He points out that the products of digital capitalism are amazing, astounding, beyond belief—more outrageously advanced than anything the makers of the Jetsons could even imagine. With this tiny box...
  • Walmart and Discrimination (How about property rights?)

    06/26/2011 6:31:06 PM PDT · by sickoflibs · 17 replies
    Mises Institute ^ | June 22, 2011 | Robert P. Murphy
    Earlier this week, the Supreme Court unanimously threw out a massive class-action sexual-discrimination lawsuit against Walmart. By overruling a lower court's decision, the Supreme Court raised the barrier to future legal challenges against large corporations. As might be expected, probusiness outlets defended the ruling, while advocates for women and minorities lamented it. In the present article I won't discuss the specific legalities of the case, as I'm not a lawyer. Rather, I will argue that standard libertarian theory says that there should be no such things as laws against "discrimination," because they are illegitimate infringements on property rights. Furthermore, in...
  • Friedrich Hayek and American Science Fiction

    04/08/2011 12:32:16 PM PDT · by robowombat · 3 replies
    Mises Daily: ^ | April 8, 2011 | Jeff Riggenbach
    Friedrich Hayek and American Science Fiction Mises Daily: Friday, April 08, 2011 by Jeff Riggenbach Friedrich August von Hayek was born in Vienna on the eighth day of May 1899. When he graduated from the University of Vienna in 1921, at the age of 22, he applied for a job with the Austrian Office of Claims Accounts, the government agency charged with paying the nation's war debts as those had recently been defined in the Treaty of Saint Germain, the treaty that, for those who lived in Austria, ended World War I. Hayek had a letter of recommendation from a...
  • The Injustice of Social Justice (and the true nature of rights)

    03/16/2011 7:07:40 PM PDT · by sickoflibs · 34 replies
    Mises Institute ^ | March 16, 2011 | Ben O'Neill
    Every once in a while, something comes along that perfectly encapsulates the idea of so-called "social justice" in action. For all the wonderful critiques that have been written about this wretched concept by its many detractors,[1] none quite match the elegant simplicity of a recent work by some of its advocates. I am referring here to a recent video made for the World Day of Social Justice[2] in which students and teachers complete this sentence: Everyone has the right to _____. The video is a colorful montage of possible completions to this sentence, set to some pleasant easy-listening music. It...
  • The Political Economy of Government Employee Unions (they are the servants, not the masters)

    02/24/2011 6:26:40 PM PST · by sickoflibs · 17 replies
    Mises Institute ^ | February 24, 2011 | Thomas J. DiLorenzo
    The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies. When the employees of a grocery store, for example, go on strike and shut down the store, consumers can simply shop elsewhere, and the grocery-store management is perfectly free to hire replacement workers. In contrast, when a city teachers' or garbage-truck drivers' union goes on strike, there is no school and no garbage collection...
  • Should Congress Raise the Debt Ceiling?(hint : 'We're broke')

    01/30/2011 5:36:01 PM PST · by sickoflibs · 36 replies
    Mises Institute ^ | January 27, 2011 | Robert P. Murphy
    At current rates of spending, the federal government may bump up against its debt limit as early as March. Treasury Secretary Timothy Geithner warns that it will be "catastrophic to the economy" if Congress doesn't increase Uncle Sam's credit limit. Writers in conservative outlets call for Republicans to use this opportunity to extract significant spending cuts before extending the limit. And some extreme libertarians argue that the debt ceiling shouldn't be raised, because a government default would be a good thing for the American people. In this article I'll explain the basic situation and comment on each of these views....
  • Gold Prices and Panic (Feds actions tantamount to government counterfeiting)

    12/13/2010 7:49:16 PM PST · by sickoflibs · 33 replies · 1+ views
    Mises Institute ^ | December 13, 2010 | Doug French
    With gold selling for around $1,400 per ounce, it seems like everyone has jumped on the yellow-metal bandwagon. Resource-investment guru Rick Rule said about gold investing recently, "we're no longer lonely in the gold trade. You couldn't describe this as a contrarian activity, and you couldn't describe this as a low-risk activity." But while Rule and the likes of David Einhorn aren't alone keeping some, or a lot of, money in gold, the Wall Street Journal ran a profile of a more typical investment guide who claims, "There's no utility of gold." Investment advisor Tim Medley says people only trade...
  • What Can We Expect Next from the Bernanke Fed?

    10/18/2010 11:08:18 PM PDT · by citizenredstater9271 · 9 replies ^ | Robert W. Garrison
    On October 15, Ben Bernanke spoke at the Boston Fed's conference, "Monetary Policy in a Low-Inflation Environment." His remarks were long and ponderous and consisted mostly of "Fedspeak" along with seeming excerpts from a typical intermediate-macroeconomics textbook. He rehashed the Fed's statutory mandate of maximum employment and price stability — which comes from the Keynes-inspired Full Employment Act of 1946. He explained that the two goals compete for the Fed's attention, which means that neither goal can be pursued singlemindedly. In the short run, advancing on one front may entail retreating on the other. In the long run, the Fed...
  • If Men Were Angels

    10/17/2010 2:46:47 PM PDT · by citizenredstater9271 · 28 replies · 2+ views ^ | Robert Higgs
    In The Federalist No. 51, arguably the most important one of all, James Madison wrote in defense of a proposed national constitution that would establish a structure of "checks and balances between the different departments" of the government and, as a result, constrain the government's oppression of the public. In making his argument, Madison penned the following paragraph, which comes close to being a short course in political science: The great security against a gradual concentration of the several powers in the same department, consists in giving to those who administer each department the necessary constitutional means and personal motives...