Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état.
Audio Mises Wire
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.
We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.
While Hayek did not write directly about the American Civil War, some of his writings provide insights on the conflict.
Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.
The proper answer to who should be Fed chairman is…nobody. Nobody knows the “correct” interest rate.
EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.
The Trump administration has withdrawn its promised $4 billion for the California Bullet Train project because this project does not have a viable future. While they may complete the 171-mile Central Valley portion, the rest of the project is dead in the water.
The old classical liberal political tactics of constitutionalism, state building, and universal suffrage have clearly failed.
Like every other government program designed to make something “more affordable,” the student loan program has managed to drive college tuition to atmospheric levels and saddle students with massive levels of debt.
Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism.
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
Once he took office, Trump continued Biden‘s policy of massive arms shipments to Israel. Trump even sent American bombers to attack Iran‘s nuclear facilities.
President Trump is proposing a $1.5 million levy on Chinese-built ships that enter US harbors. Since a majority of cargo ships have been produced by Chinese shipyards, the costs would be substantial. This action also would damage US exports, yet another unintended consequence of US policies.
Discussions of wages often miss the all-important economic of a worker‘s diminishing marginal value product (DMVP), and the WNBA is no exception.
The White House is boasting about a new trade “deal” with the EU. But every supposed benefit that comes from the agreement applies only to a small subset of the country while leaving the American public, as a whole, worse off.
If education and career skills are what you want, a college or university may be a waste of your time and money.
If New Yorkers wanted to help students by paying for their tuition, they would have already done so on their own.
In Syria the damage is done, and future generations will continue to suffer from the cruel folly of those convinced they know how to run everyone else’s lives.
Many "social justice" advocates claim to appeal to a “higher law,” but they usually refuse to acknowledge economic laws because those laws stand in their way of creating the "just" society.
