From gun control to abortion, gridlock and polarization in Washington forces policymakers to look to state and local governments as the centers of political reform.
The destruction of the free market, competition, and innovation may seem appealing to some now, but the likely outcome of poor employment, negative real wage growth, and stagnation should be a real cause of concern.
The fragmentation of power into many small local units is likely to make oppression of minorities more difficult. On the other hand, consolidation of power into a single popularly-elected Congress posed a grave threat to the rights of ordinary Americans.Â
Even without deficits or new taxes, Biden's infrastructure spending plan will only create more malinvestment and inflict further damage on an already weakened economy.Â
In his new book, The Great Fiction, Hans-Hermann Hoppe discusses how every property owner now faces the threat of his property being turned into "fiat property" at the whim of the state, at any time.Â
One day, the Institute publishes an article criticizing Republicans. The Left cheers, but the Rights denounces us. The next day we criticize Democrats and the Right cheers while the Left is enraged. Yet our position is always consistently against the state.Â
Unfortunately, the corporate press and public health officials have determined that unilateral rule by executive decree, unimpeded by any conception of individual freedom, is necessary to respond to the coronavirus.
Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.
Apologists for police abuse often claim that if a citizen complies with police orders and does what he's told, then he won't get hurt. The evidence says otherwise.Â
With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of economics. Since 1982, it has been the essential training ground the world over. With the continuing and growing economic crisis, the ideas of liberty are gaining more attention than ever. The Austrian School in particular is undergoing a remarkable renaissance. Hear the words of some of our supporters to learn why they are seizing the moment to help the Institute flood the world with truth.
