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Paul Krugman’s latest missive in the  New York Times  is a nice example of his two recurrent themes, namely self-regard and world-weariness . Ostensibly, the piece is about economists who in Krugman’s view incorrectly predicted hyperinflation would result from the Fed’s aggressive actions following the 2008 Crash. His primary target is Marvin

You probably already know this, but the Mises Institute has no billionaire backers — in fact, we operate with a fraction of other organizations’ budgets. We don’t accept government money or grants. We don’t cater to deep-pocketed leftwing or rightwing foundations. We don’t engage in “pay to play” research. And we don’t promote “public policy,” we

Please don’t fall for tax reform.  It’s a con, and a shell game . It’s a promise every presidential candidate makes, including Trump. But we ought to be suspicious of grandiose talk about Congress reforming anything.  Tax reform proposals always evade and obscure the real issue, which is the total cost-- financial, compliance, and

[ Excerpt from the opening speech given at the Mises Institute’s 35th Anniversary gala in New York City, October 6, 2017 .] Thank you Ashton. Thank you all so much for making the time to be with us here on this fantastic fall weekend in New York. We hear a lot about young people turning to socialism. Ashton is not one of them. She worked for a

The cliché is true: September 11, 2001, represents a defining American moment. Generation X and Millennials suddenly had their own day of infamy, just as their parents and grandparents had Pearl Harbor and the Kennedy assassination. 9/11 marked the end of a relatively untroubled time in the US following the 1980 and 90s, and the beginning of a

Justin Raimondo, longtime editor of  AntiWar.com   and a great friend of the Mises Institute, has died. Far too young, we might add, at 67. We can only mourn the silencing of his voice, and acknowledge him as perhaps the most important libertarian foreign policy writer of the past several decades. Yet unlike many peace advocates, Justin read and

Congresswoman Rashida Tlaib of Michigan has a big idea, almost Trumplike with a T. Her proposal to save us from the Coronavirus and economic collapse involves giving every American $2,000 in a pre-loaded debit card, to be followed by additional $1,000 monthly recharges until the economy recovers (aka in perpetuity). This is simply a version of

Can the increasing politicization of life in America be stopped, or even slowed? To be sure, average Americans do not want this. Most people prefer not to lead overly political lives, beyond perhaps voting once in a while and grumbling about taxes or potholes. Most people prefer to focus on work, family, hobbies, sports, or a million other

On the latest episode of Part Of The Problem , Dave Smith continues his Wednesday One-on-One interview series with Jeff Deist. Jeff and Dave discuss D.C. as “Hollywood for ugly people,” Ancapistan (and how that would work in a real world setting), the future of religion in western society, and how the Fed may be responsible for lower birthrates.

George Mason University economist Tyler Cowen has penned a brief manifesto for what he calls “State Capacity Libertarianism” on the  Marginal Revolution  blog. In it he makes the case for libertarians to embrace “state capacity” in certain limited cases. You can read his essay here. My initial responses, in no particular order, are as follows: 1.