There are fuel protests in Ireland, which are not surprising given the havoc Trump’s Iran war has caused in oil markets. They also should be protesting against the government policies that make the situation worse.
Audio Mises Wire
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
"There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom."
The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.
Under a system of private ownership, in which the government's only function is to protect property rights, it is immaterial where the frontiers of people's country are drawn.
While there is a public uproar about China having access to the work of American scientists, there is a bigger issue at stake: Is science “owned” by “the public”? If not, why are we so worried about the Chinese?
Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.
Had the United States pursued a policy of economic freedom with respect to energy production over the last thirty years, the conditions for OPEC’s success as a cartel would never have been present in the first place.
We are told that it takes “eternal vigilance” to protect our freedom. But what if the entity taking away our freedom has the weapons and the “law” on its side?
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.
With President Trump demanding people in the armed forces as well as in other government offices do his bidding no matter what the law might be, it is time for people to learn the lesson of Captain Vere.
Our own Jonathan Newman had the opportunity to sit down with a Federal Reserve governor. The central banker's answers to Newman's questions were evasive and riddled with contradictions. It seems there is not much behind the Fed's technocratic veneer.
The conservatives finally got their populist victory for middle-American working-class voters. The result is more federal spending, more federal power, and Israel-first foreign policy.
Just as, for them, liberty must be the highest political end, peace must be the highest end of foreign policy.
A foreign policy that seeks to maintain a global empire is entirely incompatible with the laissez-faire, free-market system at home that many hawkish self-described libertarians claim to support.
President Trump is not only angering Iranians and most of Europe. He also is making new enemies in both North and South America. Perhaps it is time for policy reset.
According to Rothbard’s first law of incidence, “ no tax can be shifted forward.” That is, the person or company paying the tax cannot make the buyer pay the tax.
In dealing with the question of why the United States, a country founded on liberty, turned into a militaristic behemoth, Ralph Raico looked to the work of historian Arthur Ekirch for answers.
Ludwig von Mises Mises argues in Nation, State, and Economy that nationalism is compatible with economic and political liberty if it is peaceful, based on self-determination as an individual right.
