Mises Institute

How The Left Learned To Love States' Rights

Over the course of approximately six hours, the Left in the United States made a spectacular, 180 degree turn on federalism and states’ rights without even recognizing it.

Six Graphs That Reveal Big Problems For Student And Auto Loans

A trillion dollars of housing debt has been replaced by a trillion dollars (or more) of student and auto loan debt. Delinquency rates are increasing for student and auto loans, while other loan types have seen a decrease in delinquency. Finally, the value of both the university education and the automobiles people are buying don’t seem to justify the amount being borrowed and spent.

Don't Confuse Immigration With Naturalization

As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration. Immigration results naturally from allowing persons to exercise their property rights. Naturalization, on the other hand, is a political act.

America Is Hardly A Bastion Of Free Trade

Rhetoric has recently trumped reality. It has become a misconceived bit of common “knowledge” that the United States of America is a bastion of free trade. Little could be further from the truth.

Trump's Budget A First Step Toward De-Politicizing Science

It should go without saying that scientific research is a vital part of civilized society, allowing for technological breakthroughs that dramatically increase the quality of life for mankind as a whole. It is precisely because of its great importance that it should not be politicized by being influenced by politicians and government bureaucrats.

Is The Snapchat IPO Proof Of A Tech Bubble?

The worrying comparison with the 2000-peak should be writing on the wall, a warning that the policies like those of the Fed aren't really healing wounds - they're simply creating another bubble.

What Economists Are Not (And Shouldn't Try To Be)

Economists should not “design the tap” or “lay the pipes” of economic policies. The market doesn’t need “economist-plumbers” (or “economist-scientists,” for that matter) any more than it needs government intervention in the first place.

Ryancare's Fatal Logical Flaw

The Republicans have created their own problem. They are trying to keep Obama’s definition of healthcare policies while repealing Obamacare. That is not only an exercise in illogic. It is an exercise in futility.

Which State Are The Biggest "Moochers"?

Leftists proclaim that many states within the Trump heartland are what many might call "moocher states" because the residents there - taken overall - receive more in federal spending than in is paid in federal taxes. However, it's important to understand why some states are more prone to being net recipients of federal spending than others.

Can Yellen Keep The Boom Going?

Yellen, like notorious previous Fed chiefs including Strong, Martin, and Greenspan, can now claim success in having prolonged and strengthened an asset price inflation which otherwise may well have been about to enter its severe end phase. If history is any guide, the result of that success is to be feared.

6 Steps Toward A More Sane Economic Policy

As the Trump administration takes shape, it may be helpful to remind ourselves of some of the steps that can be taken in the direction of economic policy that better allows private citizens to be free and flourish.

Florida's Government Built A Train - And It Didn't Go Well

After the train’s first year, the SunRail was $27 million in the red, taking in just $7.2 million. Things didn’t get better in 2016, a recent study has found that the cost of SunRail to issue and collect tickets is greater than the revenue from ticket sales.