Wouldn’t you feel great knowing that your stock picking is fully insured by the Fed? Billionaires and wealthy hedge fund managers know the feeling. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros . Original Article: “ Why Markets Are Rallying as Millions Become Unemployed
The COVID-19 panic has provided a myriad of opportunities for politicians to exploit the fear and pain of ordinary people for personal profit. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros . Original Article: “ Crisis or Opportunity? To Politicians, It’s the Same Thing
Today, those with a modicum of judgment and respect for their pocketbook are heading anywhere that is not named California, attempting to flee the incompetent mismanagement of Governor Gavin Newsom. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: “ The Great California Exodus
It is often said by cynical economists and political commentators, usually of the right or libertarian persuasion, that the road to hell is paved with good intentions. There is no more odious and damaging economic policy that comes from the heart than rent control. For years, limiting the cost of living spaces was done at the local level, but one
There’s a retirement crisis in America today. The national savings rate is at a putrid 3%, consumer debt levels are hitting all-time highs , and stock portfolios are shedding their value amid the popping market bubble. When you factor in the collapse of public pension systems and Social Security nearing insolvency , it’s going to be a grim winter
By the end of March, Presidents Donald Trump and Xi Jinping are scheduled to meet at a formal signing ceremony to ratify a historic trade agreement between the world’s two largest economies . It has been one long year since the United States fired the first salvos in the trade war, leading to months of tit-for-tat tariffs, endless deliberations,
Winston Churchill famously said that “ socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy.” He should have added that it is also an ideology of for thee but not for me . Anytime socialist idealists have an opportunity to practice the dogma outlined in Das Kapital or the teachings espoused by Sen. Bernie Sanders
The mercantilists contend that President Donald Trump’s tariffs on imports are to shrink the trade deficit, protect American businesses, and boost exports to the rest of the world. But the latest developments in international commerce show this is not going to plan. Instead, the president’s levies are triggering unintended consequences for several
The fiscal black hole surrounding Social Security and Medicare had been talked about long before mankind got its first glimpse of the interstellar phenomenon. Like the particles and electromagnetic radiation absorbed in the galactic monster’s path, the American people face an event horizon, a point of no return. Unless drastic actions are taken by
Japan’s economy is a lifeless corpse. In the 1990s, Tokyo propped up zombie banks: institutions that are solvent in name only. In the aftermath of the Great Recession, Japan ensured these companies remained open. Today, Prime Minister Shinzo Abe is presiding over a zombie economy, and he thinks he has a solution to inject new life into the rotting
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.