Mises Institute

In its so-called war against “hate,” the state determines who are the villains and then instructs everyone else to hate the “haters.” As one might expect, the state then engages in a campaign of vilification and intimidation against the newly-designated enemy. Narrated by Millian Quinteros.

The election is upon us. We wonder whether we have to have war, tariffs, and deficit spending, regardless of whom we support. What are we to do?

Donald Trump’s win last night is arguably an even bigger repudiation of the establishment than his win in 2016. And that’s worth celebrating. But there is much the electorate still needs to understand about how those in power are ripping us off if we’re ever going to see an end to it. Read the article here: https://mises.org/mises-wire/why-trumps-victory-matters-and-why-it-doesnt Be sure to follow the Guns and Butter podcast at Mises.org/GB

The 2024 election will provide few solutions to the underlying pressures eroding American political norms. Regardless of the outcome, half the country will feel like they live under an occupational government.

We have crossed the boundary that lies between Republic and Empire. If you ask when, the answer is that you cannot make a single stroke between day and night; the precise moment does not matter. There was no painted sign to say: “You now are entering Imperium.” Yet it was a very old road and the voice of history was saying: “Whether you know it or not, the act of crossing may be irreversible.” This article appeared in a 1966 issue of Left and Right, edited by Murray Rothbard, and is a condensed version of Garet Garrett’s pamphlet, The Rise of Empire, published in 1952, and included in his collection The People’s Pottage (Caldwell, ID: Caxton Printers, 1953): https://mises.org/articles-interest/american-empire

«En 1988, Murray Rothbard escribió una gran monografía titulada Ludwig von Mises: erudito, creador, héroe. Me gustaría concentrarme hoy en la tercera de las cualidades, Mises como héroe».

El empleo en el sector privado cayó en 28.000 puestos en octubre. El crecimiento global del empleo sólo fue positivo gracias a los empleos gubernamentales, financiados por el déficit federal galopante.

Government's power to control our lives—its power to tax and spend, and the enormous, but largely cloaked power to print money—has created the “great divide” in America. Unfortunately, it has pitted Americans against each other. "Main Street Uncertainty Reaches All-Time High" (Small Business Optimism Index, September 2024): https://Mises.org/Minor_93_A Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree Follow Minor Issues at https://Mises.org/MinorIssues

Mises Fellow Kristoffer Hansen joins Bob to discuss Mises’ perspective on fractional reserve banking and free banking. Earlier this month, Larry White referenced Hansen’s work on fractional reserve banking, asserting that Hansen indicated Mises acknowledged the benefits of FRB. Kristoffer clarifies his paper and examines what Mises wrote in Human Action on the topic. Additionally, Bob and Kristoffer delve into the influence of the Currency School on banking and economic instability, as well as how commodity-backed money might impact the business cycle. Kristoffer’s Article in the QJAE, “Sound Money without Free Banking”: https://Mises.org/HAP472a Kristoffer and Jonathan Newman’s Article in the QJAE Clarifying Rothbard’s Definition of Inflation: https://Mises.org/HAP472b Human Action Podcast Episode 470 on the Debate Over Fractional Reserve Banking: https://Mises.org/HAP472c

It is always a mistake to advocate government action, for there is no way you can fully anticipate how government will be used. Nor can you ever count on a slice of the population to be moral in its advocacy of the uses of the police power. This article was originally published in 2004: https://mises.org/mises-daily/reality-red-state-fascism