Mises Institute

Our Monetary System Favors The Rich & Hurts The Poor

"...This system stays in place because people do not understand its detrimental and fatal consequences such as an unfair redistribution, business cycles, poverty, bigger government, moral decay, and so on... In order to un-do this system we must convince people of all this. The problem here is that our monetary system and monetary theory is quite complex."

The Unique Evil Of The Left

Is it too much to say that since the French Revolution, the left has been the source of virtually all political evils, and continues to be so in our day?

We Need More Borders And More States

Thanks to the competitive nature of 'states', many states will often find it difficult to project their power into neighboring states, and thus borders represent a very-real impediment to a state's power. This can then open the door to greater freedom, and even save lives as certain states impoverish or make war on their own citizens. This principle was illustrated yet again this week as the Venezuelan regime opened its border with Colombia to allow Venezuelans the opportunity to purchase food and other supplies on the Colombian side of the border.

Hans-Hermann Hoppe: "Put Your Hope In Radical Decentralization"

"The EU is the first step on the way toward the creation of a European Super-State, and ultimately of a one-world government, dominated by the USA and its central bank, the FED... Don’t put your trust in democracy, but neither should you trust in a dictatorship. Rather, put your hope into radical political decentralization, not just in India and China, but everywhere."

7 Things Trump Must Do

"We the undersigned urge you, the presumptive Republican nominee for President, to support a rebirth of free-market capitalism in the U.S. You have said repeatedly that you want to make American great again. We agree with you. And we assert that the most effective way to start that process would be to affirm your principled support for economic liberty, for open and competitive markets, and for a foreign policy that rejects both protectionism at home and interventionism abroad."

Too Many Laws: Why Police Encounters Escalate

If we want to be serious about scaling back the degree to which police interactions with the public can lead to violent escalations, we must first scale back the number of offenses that can lead to serious fines and imprisonment for members of the public, while shifting the concentration of police efforts to violent crime and property crime. The emphasis must return to crimes that have actual victims and which are reported by citizens looking for stolen property and violent criminals. Not only will this increase the value of policing, but will also improve relations with most of the public while reducing the footprint of the state in the lives of ordinary people.

How To Fix The FBI's History Of Political Abuse - Abolish It!

The FBI continues to benefit from decades of pop culture and government whitewashing which portrays the FBI and other federal agencies as professional and effective. Always a product of left-wing and Progressive desires for more government intervention and a weakened private sector, the FBI continues to benefit from the perception that it functions in the service of the “public.” With James Comey’s recent demonstration of the FBI’s political motivations and origins, we have gained yet another insight into how the FBI works, and public service has very little to do with it.

The Curse Of Socialist Highways - How Government Ruins July 4th Travel

Unfortunately the travel before and after the 4th of July is a different story, with it widely considered one of the worst travel days of the year. While the desire to take advantage of the holiday to enjoy friends and family is a natural product of humans being inherently social creatures, the degree to which this congestion leads to headache and misery rests solely with the institution responsible for them during the rest of the year – the government.

If The UK Economy Tanks, Don't Blame Brexit

Last Thursday, the people of Britain voted in a referendum to leave the European Union (EU). Most commentators view Britain’s exit (“Brexit”) from the European Union as bad news for economic growth in the UK and the eurozone. As a result, it is argued, the growth rate in the rest of the world will be also badly affected. It is more likely that, whether the pace of real economic growth over time will weaken or strengthen is going to be set by the pace of expansion in the pool of real wealth.

Why All The Post-Brexit Hysteria?

If there is one thing that the EU should hope for it is complete economic catastrophe as a result of this vote; that their threats and fear mongering leads to action resulting in a self-fulfilling prophecy. Otherwise, if the UK proves that you can leave the union, maintain friendly trade relations and continue to be a dominant global economy, it would signal the beginning of the end of the EU. If other nations see proof that you can escape the Brussels bureaucracy with only minor short-term complications it will surely lead to an exodus from the destined-to-fail union.

 

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...