Mises Institute

Total State Or Total Freedom: The 8 Marks Of Fascist Policy

It is ever more widely known that statism does not and cannot work. Statism is the great lie. Statism gives us the exact opposite of its promise. It promised security, prosperity, and peace; it has given us fear, poverty, war, and death. If we want a future, it is one that we have to build ourselves. The fascist state will not give it to us. On the contrary, it stands in the way. In the end, this is the choice we face: the total state or total freedom. Which will we choose?

Clinton's Pay-to-Play Is The Natural Consequence Of Big Government

Government interference impedes the entrepreneur’s use of economic calculation and the attempt to use prices to impose managerial discipline. Taxes and price regulations that interfere with corporate pro?ts (distorting an important signal of employee performance); laws that interfere with hiring and promotion (including the need to hire people to deal with government); and the omnipresent threat of arbitrary antitrust or regulatory activity, in response to which entrepreneurs must become adept at "diplomacy and bribery."

Millennials Love Free Markets, But Don't Understand Them

In a recent Reason-Rupe Survey, 58 percent of Americans ages 18–24 said they viewed socialism favorably. However, when asked if they favored a free market economy or a government-managed economy, 64 percent of Millennials said they favored the free market. How is it possible for Millennials to favor both a socialist government and a capitalist economy? The answer is simple, Millennials simply do not understand what either of these words really mean, especially capitalism.

The Lack Of EpiPen Competitors Is The FDA's Fault

A firm cannot just willy-nilly raise their prices without a competing firm leaping in to give consumers what they want at a lower price. As it turns out, Mylan has a great friend who keeps would-be competitors out of the market, or at least makes it so difficult for them that they eventually go out of business. That friend is the FDA.

Socialism: The World's Greatest Generator Of Poverty

“What socialists like Senator Sanders should say if they want to be truthful and straightforward,” DiLorenzo thus avers, “is not that government can offer citizens anything for free, but that they want healthcare (and much else) to become a government-run monopoly financed entirely with taxes. Taxes hide, but do not eliminate, the cost of individual government programs.” And these programs are far more expensive to society than they would be on the free market.

Inflation: It's A Wealth Redistribution Scheme

Far from maintaining economic stability and fostering prosperity, consumer price inflation targeting practically guarantees a pernicious wealth transfer year in and year out, a perpetual duping of unsuspecting employees and companies, and a permanent blind spot to hidden inflation.

This Week In 1971: President Nixon Closes the Gold Window

The removal of the restraint of gold redemption freed the Federal Reserve to engage in more inflationary monetary policy than ever. The effects of that on money supply and official price inflation figures are readily apparent.

5 Reasons Why Austrian Economics Is Better Than The Mainstream

Mainstream economics is fraying at both ends. At one end, heterodox and Austrian economists keep pulling on loose strands: pointing out the inconsistencies, failures, and absurdities of their unrealistic models. At the other end, top mainstream economists and mouthpieces are doing the same, but with a touch of deflection and embarrassment.

Police To Lawmakers: Stop Making New Drug Laws

Complaining that they can't keep up with all the changes to the law, police departments in Colorado are demanding that the legislature impose a moratorium on any new cannabis-related legislation.

Venezuela Has But One Choice: Capitalism Or Chaos

There is indeed no other option, but a mere back-and-forth between these two possible scenarios. In Mises’ words, “There is no third system between a market economy and socialism. […] The choice for mankind… is between capitalism and chaos.” And as Venezuelans are slowly trying to set up a referendum to remove Maduro and his regime, they are indeed facing this very choice.

The Minimum Wage: Taking Away The Right To Work

The position that was adopted by the Democratic Party platform this summer argues that anyone whose skills are so low that they can’t command $15 and hour has no right to gainful employment. This is the reality of raising the minimum wage.

5 Things The Media Isn't Telling You About The Olympics

As athletes from all corners of the globe compete in the Olympic spirit, news outlets forget about the country’s problems. Here’s a rundown of the five most concerning issues facing tourists, athletes, and Brazilians themselves during this year’s leading international sporting event.

The Class Struggle Is Real

Tragically, the message of liberalism is simple, yet so difficult to communicate: violent exploitation through politics creates destructive class conflict; peaceful cooperation through the market doesn’t.