Hayek Landed in the Social Safety Net

11/20/2012 Mises Wire Joseph T. Salerno

It turns out that Friedrich Hayek did indeed apply for Social Security payments at the urging of billionaire Charles Koch. Robert Wenzel verifies this via a FOIA request and defends Hayek’s decision to do so.

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State Coercion and the Injustice of Apartheid

05/04/2024 Mises Wire Wanjiru Njoya

Many libertarians hold the view that state coercion is wrong, regardless of the ends to which that coercion is deployed. It is wrong for the state to force people apart in an apartheid system, and it...

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From everything I read you would think we were incapable of solving social problems. In truth, we find matters only getting worse because the proposed solutions almost always involve the culprit—the...

The Homo Economicus Myth

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Among the larger albatrosses burdening the economics profession is the idea of Homo economicus. To this day, most economics undergraduates hear about it in the context of neoclassical economics. Homo...

Texas Governor Abbott Doesn’t Understand the First Amendment

05/03/2024 Power & Market Aaron Sobczak

On the 27th of March, Texas Governor Greg Abbott signed an executive order which had the purpose of curbing speech deemed as “anti-semitic” on all state-run universities. Unfortunately, speech...

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05/03/2024 Mises Wire Ryan McMaken

According to a new report from the federal government’s Bureau of Labor Statistics this week, the US economy added 175,000 jobs for the month of April while the unemployment rate rose slightly to 3.9%...

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Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University...

Hyperinflation and the Destruction of Human Personality

05/02/2024 Joseph T. Salerno

The Link between Economic Calculation and Human Personality Economists and historians have clearly shown that the destruction of the value and function of money by hyperinflation makes economic calculation impossible and leads to economic and social

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A recent undercover video interview with a Fed economist by a Daily Caller reporter contains explosive revelations about the profoundly anti-democratic doings of the Fed. In the video, Federal Reserve...

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