Does America simply lack the political will to face economic reality? In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other words, to resist bailing out any industry through state intervention. This was a
“Today the tenets of this nineteenth-century philosophy of liberalism are almost forgotten. In the United States “liberal” means today a set of ideas and political postulates that in every regard are the opposite of all that liberalism meant to the preceding generations.” —Ludwig von Mises, 1962 (emphasis added) F.A. Hayek is back in the public
David French, maybe National Review ’s most reliably wrong scribe, issued this gem in response to the FBI raid on Donald Trump’s residence in Florida: Imagine thinking federal police agents and lawyers will be “held accountable,” or that presidents are not above the law! Is this an afterschool special? “Let’s wait and see, folks, before we judge
“To mount an effective response to the reigning egalitarianism of our age, therefore, it is necessary but scarcely sufficient to demonstrate the absurdity, the anti-scientific nature, the self-contradictory nature, of the egalitarian doctrine, as well as the disastrous consequences of the egalitarian program. All this is well and good. But it
Enough is enough. It is time to stop wearing masks, or at the very least to eliminate mask mandates in all settings. This is especially urgent for children in schools and universities, who suffer the effects of masks for long hours each day despite being at exceedingly low risk for death or serious illness from covid. We have a responsibility,
Inflation in the US is at forty-year highs, while interest rates on ten-year Treasury notes just hit 3 percent—signaling trouble for home buyers. Truck drivers pay more than $1,000 to fill their rigs with $5 per gallon diesel to deliver your increasingly expensive groceries and Amazon packages. Crime and homelessness skyrocket in large cities,
Postliberalism is having its moment on the political Right in America. And why not? What exactly do conservatives have to lose that they haven’t lost already? The Bushes and their noxious legacy may be in the dustbin, where they belong, but if Mitt Romney and Liz Cheney represent the future of the movement, then a radical rethinking is in order.
A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country. Original Article: “ Can a Deeply Unserious America Fix Its Economy?” This Audio Mises Wire is generously sponsored by Christopher
Daniel McAdams of the Ron Paul Institute joins Jeff and Bob to discuss the economic and political ramifications of the Nord Stream 2 pipeline sabotage. Read “The Economics of War” from Human Action : Mises.org/HAP363-1 Read a study Bob co-authored on Europe’s energy crisis:
Jeff joins Chris Casey of WindRock Wealth Management for a deep analysis of next week’s punishing midterm elections.
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.