OECD International Tax Hearing Wrap‐Up
Adam N. Michel I recently testified before the House Ways and Means Tax Subcommittee on the Organisation for Economic Cooperation and Development’s (OECD) Two Pillar proposal to increase corporate tax rates on multinational businesses. You can read my full written testimony
Subjective Value and Market Prices
This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation. Download lectures slides at Mises.org/MU23_PPT_04. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.
The Birth of the Austrian School
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice. Download lecture slides at Mises.org/MU23_PPT_03. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2022.
A Small City’s Financial Crisis Leaves Virginia at a Loss
Marc Joffe Most state and local governments file their financial statements on time, but there are some notable exceptions. Among those are the last two cities to declare bankruptcy—Fairfield, AL and Chester, PA—as well as Puerto Rico, the largest municipal bond
Can Fractional Reserve Banking Survive the Twenty-First Century?
Caitlin Long tweeted over the July 4 weekend, “BIG NEWS for #fintech! A sixth US state—Idaho—is willing to charter uninsured, non-lending, 100% reserve banks that are eligible for Fed master accounts (the other states are CT, ME, NE, VT &
Reflections on Method: The Proper Study of Man
Includes an introduction by Joe Salerno. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023.
Welcome and Opening Remarks
Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2023.
Why “Classical” Liberals Want Decentralization
[This article is chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.] In recent decades, many pundits, scholars, and intellectuals have assured us that advances in communications and transportation would eliminate the different political, economic, and
Explore the Minor Issues Archives
This week Mark invites you to explore the Minor Issues archives. We have produced about a half a year's worth of short audio commentaries about the economy, and we are grateful to our listeners for their feedback. Topics range from
Modern Socialism Is Forced Socialization
My article “The Education of the Modern Socialist” deserves a follow-up. The first part showed that a change has occurred in the definition of “socialism”—a necessary change in view of the failures of this ideology during the last century. Socialism