In a U.S. presidential election where about 100 million votes are likely to be cast, what is the probability that your vote will be decisive in determining the outcome? Like it or not, the probability is pretty small---zero for all practical purposes. The probability hurdle is twofold. First, the presidential vote tally in your state would have
Statists—those who advocate concentration of economic power in centralized government—salivate like Pavlov’s dogs at the mention of economic difficulties, real or imagined. Statists of a left-liberal bent are usually louder than their counterparts on the right. Nevertheless, when the economic difficulty “bell” rings, all begin repeating the mantra
Thirty-six years as an economics professor has left my office walls lined with overflowing bookshelves. Included on my shelves are the 1974, 1978, 1981, and 1985 membership directories for the American Economic Association (AEA). Dated membership directories, even for flagship organizations like this one, figure to be irrelevant. Not in this case,
It’s often a heartbreaking story. It’s also a repeating story. Details change, but the essentials remain the same. What is it? It’s people on parole and probation committing yet more crimes. Thousands each year. Those foisting these parolees and probationers on us pollute our social environment just as owners of poison-spewing factories pollute
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.