Mises Institute

Calls For Texas Independence Surge After Brexit Vote

The use of "Texit" exploded when the Brexit results were announced, as more than 5,800 people on Twitter used the phrase, a five-fold increase from the day before. 1,745 people tweeted about Texit between 7am - 8am London time, the hour when the final results were announced.

First The UK, Then Scotland... Then Texas?

That didn't take long. Only hours after the final results came in for a British exit from the EU, political leaders in Scotland are talking about renewing their drive to secede from the United Kingdom. While secession of American states is often dismissed as absurd, there are few reasons to believe that a state like Texas - to name just one example - could not immediately transition from state to nation-state. With a large economy, port cities, oil, and easy access to European, Latin American, and even Asian economies by sea, economics arguments against such a separation fall flat.

Brexit: Individualism > Nationalism > Globalism

Ludwig von Mises understood that self-determination is the fundamental goal of liberty, of real liberalism. Today's Brexit vote fired a shot heard around the world, to challenge the wisdom of the “globalism is inevitable” narrative. Ultimately, Brexit is not a referendum on trade, immigration, or the technical rules promulgated by the (awful) European Parliament. It is a referendum on nationhood, which is a step away from globalism and closer to individual self-determination.

Britain Doesn't Need The EU To Thrive

The history of mankind is a struggle between the individual trying to retain freedoms and tyrannical governments trying to take it away from him. The EU was created to increase freedoms: the freedom of the movement of goods, capital, and people. As expected, it has devolved into an entity that does just the opposite...

Why Brexit Is Better For Britain

Mises argues that whenever the state meddles with the free market, it reduces the standard of living that had prevailed prior to any state intervention. Essentially, a Brexit will remove another layer of government intervention from the lives of Brits, and therefore there shouldn’t be any fear of a Brexit. On the contrary. A Brexit may hold the key to make Europe abandon a doomed course, bringing it to its senses and back onto the road of freedom and prosperity.

Elizabeth Warren’s War On The Poor

We should not quarrel with Senator Warren’s stated goal of protecting the least powerful in society, but we should take issue with many of Senator Warren’s proposed strategies to achieve her stated goal - because they don’t work.

A Common Central Bank Tool: Fearmongering

Central bankers should not be treated as wise oracles whose guidance is desperately needed. Instead, we should throw off the tyranny of the PhD’s and embrace the decentralization of power that is desperately needed to allow civilization to thrive. Brexit would be a great way to start.

FBI: US Homicide Rate At 51-Year Low

The US homicide rate in 2014, the most recent year available, was 4.5 per 100,000 - the lowest since 1963. So, do more guns equal more crime? The data would seem to indicate the answer is "obviously not." Nevertheless, President Obama called on The Senate this afternoon to "rise to the moment" and pass gun control...

USDA: People Make The Choice To Eat Unhealthy Food

"...results suggest that improving access to healthful foods by itself will likely not have a major impact on consumer diets or generate major reductions in diet-related disease." Or, you can lead a [low income] horse to water, but they'll still drink Cherry Coke.

The FBI And NSA Won't Keep Us Safe

The NSA was too busy spying on your family to stop the Orlando gunman. But why aren't night clubs keeping tabs on people who walk in with rifles?

Keynesian Triumph: Americans Are Broke

So here we are. After decades of what essentially could be called a new “Industrial Revolution” with the advent of computers and the internet, the US government has managed through its monetary authorities and through its other policies to decimate savings and leave millions of Americans financially vulnerable. It has been no accident.

What Makes Venezuela Different

A state that controls the economy also has the power to loot it. But, there is a big difference between redistributing wealth and destroying everyone who attempts to create some of it. In order to redistribute wealth, you have to make it first. This is a distinction that the leaders of the Venezuela regime (and their supporters) have apparently long been too foolish to understand. For this, the people of Venezuela are paying a heavy price.

How Central Banks Created "Trumpism"

Trump is only a symptom of a far larger problem. The economic conditions that have paved the way for “Trumpism” are really a result of decades of monetary disorder brought to us by central banks. In the 18th century, British economist John Stuart Mill wrote “most of the time the machinery of money is unimportant but when it gets out of control it becomes the monkey wrench in all the other machinery of the economy.” There should have been a second sentence about how the dysfunction of the invisible hands attributable to the monetary disorder endangers political liberalism.

Trump And Hillary Don't Know How To Fix The Economy

Recently, Hillary Clinton was taped ridiculing Donald Trump for lacking a detailed plan for the American economy. The message, so it goes, is that Trump is not suited for the presidency because he doesn’t have a plan on how to turn the American economy around. But is it really more dangerous to elect a president who makes up economic policy on the fly than one who proclaims to have a detailed plan for us? The answer to this is no... The underlying problem is we have two competing people who think they can manage the American economy.

The Task Confronting Libertarians

If libertarians lose on the inflation issue, they are threatened with the loss of every other issue. If libertarians could win the inflation issue, they could come close to winning everything else. If they could succeed in halting the increase in the quantity of money, it would be because they could halt the chronic deficits that force this increase. If they could halt these chronic deficits, it would be because they had halted the rapid increase in welfare spending and all the socialistic schemes that are dependent on welfare spending. If they could halt the constant increase in spending, they could halt the constant increase in government power.