In an awful, but not unexpected, ruling on a long-standing dispute between Europe and the US, the World Trade Organization says that the US must stop permitting US exporters to set up foreign subsidiaries that save as much as 30 percent in taxes they would otherwise pay. Now the US must either raise taxes by eliminating loopholes or face massive
In its dealings with foreign nations, the U.S. generally tries to maintain the moral high ground in its pronouncements and policies. But by slapping a 30-percent tariff on foreign steel, the U.S. has hit rock bottom in hypocrisy and favoritism, and everyone knows it. The idea here is to help one inefficient, bloated, and pampered industry at the
This speech by the president of the Mises Institute was given before students, professors, trustees, and others at an awards dinner sponsored by the Adam Smith Club, Campbell University, Buies Creek, North Carolina, April 4, 2002 . Rockwell and entrepreneur Lewis Fetterman received the club’s Free Enterprise Award . Free-market economics, of which
Among the greatest failures of the free-market intellectual movement has been to allow its ideas to be categorized as a “public policy” option. The formulation implies a concession that it is up to the state--its managers and kept intellectuals--to decide how, when, and where freedom is to be permitted. It further implies that the purpose of
Why does freedom need a relentless intellectual defense? Because of statements like the following: “the legitimacy of global capitalism as the dominant system of production, distribution, and exchange will be eroded even further, even in the heartland of the system; while there are villains aplenty, it is the dynamics of the system of
Somehow, someway, it always comes back to the central bank. With economic anxiety growing, trouble in Latin America , frustration at the length of the recession, suspicions that matters are going to get worse before they are better, and, above all, terror that stock prices could fall ever further, Alan Greenspan is letting it be known that rate
In all discussion of 9-11, one year later, much attention is given to the firefighters, police, and emergency workers whose services, as employees of the public sector, were called on that day. You may hear about the innocents who died on the airplanes that were hijacked and used as missiles. The people you won’t hear about are those who were
In the 19th century, notes Murray N. Rothbard, debates on monetary issues were highly public and intensely controversial. Do you favor the national bank? The gold standard? Bimetallism? What is your opinion of the free silver movement? What is most important: a highly liquid money stock that can prop up commodity prices, or a sound dollar that
How wonderful to be here with so many Members and supporters, scholars in our academic community, students whom the Mises Institute has backed now teaching yet another generation, so many friends of our work. It offers us all a chance to step back and observe what can be done for an ideal even now. And of course we recall those who gave so much
There are some things that a state just cannot do, no matter how much power it accumulates or employs. Some proposed policies are just impossible. It was Ludwig von Mises who first framed the issue with regard to socialism. A strict socialist system robs society of everything essentially economic (money prices for capital goods, the matrix of
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.