Hedge fund titan Ray Dalio is just the latest billionaire to call for government to save us from guys like him. It’s not pretty. Dalio’s recent article titled “ Why and How Capitalism Needs to be Reformed “ is a mess, though to be clear it’s a thoroughly well-intentioned and heartfelt mess. It’s a mix of self-effacement (I’m just a lucky guy
Apple Inc., the US corporate parent of dozens of foreign legal entities, has been hit with a $14.6 billion tax bill by a commission of the European Union. At the heart of the commission’s complaint is an alleged antitrust violation rather than a tax dispute per se: Apple is accused of negotiating a sweetheart arrangement with Ireland, in exchange
[ From the July-August issue of The Austrian . ] The problem with presidential candidates is not so much what they say and believe, but rather what they don’t say and believe. Behind the lying and dissembling and obfuscation there is a palpable suspension of disbelief. Our would-be political rulers simply ignore — or fail to grasp — the gravity
The 20th century was the progressive century , marked by the rise of war and socialism as entrenched features of American life. But perhaps the most lasting effects will be felt in the entitlement mindset woven into the American psyche, via decades of successful incrementalism. Social Security and Medicare in particular represent brilliant
Depending on one’s point of view, Bernie Sanders either held his own or boosted his chances against perceived front-runner Hillary Clinton in Tuesday night’s Democratic presidential primary debate. His message clearly resonated with the live audience, particularly his statements about raising the minimum wage to $15 per hour, global warming, and
Please don’t fall for tax reform. It’s a con, and a shell game . It’s a promise every presidential candidate makes, including Trump. But we ought to be suspicious of grandiose talk about Congress reforming anything. Tax reform proposals always evade and obscure the real issue, which is the total cost-- financial, compliance, and
Listen to the Audio Mises Wire version of this article. Paraphrasing the late Murray Rothbard, the “two party” system in America during the twentieth century worked something like this: Democrats engineered the Great Leaps Forward, and Republicans consolidated the gains. Wilson, Roosevelt, and Johnson were the transformative presidents;
El titular de los fondos de cobertura Ray Dalio es el último multimillonario que pide al Estado que nos salve de tipos como él. No es bonito. El reciente artículo de Dalio titulado «Why and How Capitalism Needs to be Reformed» es un desastre, aunque para ser claro es un desastre bien intencionado y sincero. Es una mezcla de desapego (solo soy un
Parafraseando al difunto Murray Rothbard, el sistema de «dos partidos» en EEUU durante el siglo XX funcionó algo así: Los demócratas diseñaron los Grandes Saltos Adelante, y los republicanos consolidaron las ganancias. Wilson, Roosevelt y Johnson fueron los presidentes transformadores; Eisenhower, Nixon y Reagan sólo ofrecieron retórica y débiles
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.