An income tax audit is essentially a search. Why, consistent with the Fourth Amendment to the US Constitution, doesn’t it require a search warrant signed by a judge? Since income-tax audits sometimes lead to criminal prosecutions and jail sentences, why is it not a requirement that anyone whom the IRS wishes to audit first be given a Miranda
Listen to the Audio Mises Wire version of this article. The discontent and unrest that followed the 2020 presidential election was, at least in major part, one of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith: namely, the belief that profits are a deduction from wages. (See the
[ formatted from this twitter thread - ed.] I present two conflicting theories of how the standard of living of the average wage earner rises: the prevailing, anti-capitalist theory, and my own, pro-capitalist theory. Keep in mind that every law ultimately rests on the threat to kill violators. That is the threat made against all who forcibly
Professor Reisman delivered this talk at a TEDx event held at Sage Hill High School in Newport Beach, California, on February 15, 2019. Further reading from Dr. Reisman: Why Nazism Was Socialism and Why Socialism Is Totalitarian . Classical Economics vs. The Exploitation Theory 13 Illustrations of the Benevolence of Capitalism His book Capitalism
Marxists hate capitalism and want to replace it with socialism because they believe that profits are stolen from wages. They begin with the idea that originally there were workers but no capitalists and that the value of the products the workers produced and sold was all wages. But then allegedly came the capitalists, who proceeded to deduct a
Warren and Sanders et al. are misled by the government’s inflation of the money supply into believing that the stagnation and decline of our economic system in recent decades is the result of growing economic inequality. The truth is that both the appearance of increasing wealth of the rich and the reality of declining actual wealth are the result
Ancient Rome, Greece, Babylon, Egypt, India, China, and Africa too, all had slavery. None of them created the Industrial Revolution. Great Britain and the United States did create the Industrial Revolution, on a foundation of economic freedom and respect for individual rights. The great blemish of slavery played no greater positive role in the
Una auditoría del impuesto sobre la renta es esencialmente un registro. ¿Por qué, de acuerdo con la Cuarta Enmienda de la Constitución de EEUU, no requiere una orden de registro firmada por un juez? Dado que las auditorías del impuesto sobre la renta a veces conducen a procesos penales y sentencias de cárcel, ¿por qué no es un requisito que
El descontento y el malestar que siguieron a las elecciones presidenciales de 2020 fueron, al menos en gran parte, una de las innumerables consecuencias destructivas de un error de casi 250 años en la teoría económica cometido por Adam Smith: a saber, la creencia de que los beneficios son una deducción de los salarios. (Véanse los ocho primeros
[ traducido y formateado de este hilo de twitter - ed.] Presento dos teorías conflictivas sobre cómo aumenta el nivel de vida del asalariado promedio: la teoría predominante, anticapitalista, y la mía propia, pro-capitalista. Tenga en cuenta que, en última instancia, todas las leyes se basan en la amenaza de matar a los infractores. Esa es la
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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.