Thank you, Representative Alexandria Ocasio-Cortez. The Green New Deal (GND) she has unveiled is most illuminating. It is now unmistakably clear that AOC, Bernie Sanders, and other democratic socialists in the Democratic Party don’t want “socialism lite” but rather they want the federal government to take control of the “commanding heights” of the
We are constantly bombarded with bad news. There are disasters, dangers, challenges, and woes. On the political scene, we find perpetual discord peppered with lurid denunciations and shrill condemnations. Media reports are alternately dismaying, disappointing, distressing, disgusting, or depressing. But despair not, friends: All is not lost! Here
On October 9, President Donald Trump announced that he was lifting the EPA’s ban on summertime sales of E15—a motor fuel blend consisting of 15% ethanol instead of the usual 10%. Trump’s announcement is telling. It teaches much about politics, trade policy, and the sorry state of the environmentalist movement. That Trump’s announcement was
The New York Times obituary opened with a simple recitation of facts: “Zhores A. Medvedev, the Soviet biologist, writer and dissident who was declared insane, confined to a mental institution and stripped of his citizenship in the 1970s after attacking a Stalinist pseudoscience, died in London.” Zhores Medvedev, his twin brother Roy (still alive
President Donald Trump’s announcement that he plans to impose tariffs of 25% on steel imports and 10% on imported aluminum is the first major economic policy error of his presidency. What is the president’s motive? I firmly believe that Mr. Trump’s primary goal as president is to help American workers. Both his tax cut and his regulatory rollback
“ Hillary Clinton Proposes 65% Top Rate for Estate Tax ” blared a headline in The Wall Street Journal . Since the current top statutory tax rate on estates is 40 percent, Clinton’s proposal is nothing if not audacious. I can’t recall Barack Obama, our most left-leaning president, ever calling for a 65 percent increase in tax rates for the rich.
This will sound like the start of a bad joke, but please bear with me: What do Everett Dirksen, Otto von Bismarck, H.L. Mencken, and “The Preacher” in the book of Ecclesiastes have in common? Well, if you’ve gone to college and studied multiculturalism or been taught that western civilization is nothing special, you might answer with condemnatory
Listen to the Audio Mises Wire version of this article. With all the attention commanded by the presidential campaign, election, and aftermath, plus the ongoing covid-19 story, many other issues have faded into the background. Though escaping the headlines, some of these other issues will be with us for a long time, and contributions to the
The investment world was convulsed last week when at least one hedge fund (Melvin Capital) lost billions of dollars. The sudden, massive losses happened when a tidal wave of independent individual investors, spearheaded by posts on Reddit.com , triggered a short squeeze that torpedoed the hedge fund. For those of you unfamiliar with a “short
In Friedrich Hayek’s 1954 book Capitalism and the Historians , the late French philosopher and political economist Bertrand de Jouvenel noted a baffling historical trend: “Strangely enough, the fall from favor of the money-maker coincides with an increase in his social usefulness.” In surveying the history of capitalism from its inception in the
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.