The Myth of a Middle Class
The concept of “middle class” implies that there are collective interests resting in the middle ground of a social hierarchy that never change and have to be preserved by a political authority.
Mises Daily
Displaying 2501 - 2510 of 6742
My Reply to Krugman on Austrian Business-Cycle Theory
Any theory — including any of Paul Krugman's Keynesian models — that neglects the distortion of the capital structure during boom periods cannot possibly hope to accurately prescribe policy solutions after a crash.
The Nightmare of 1923 and Its Cause
Fergusson presents a compelling argument that the central bankers of Europe did not believe that the quantity of money had anything to do with the price level. And I suppose you think that our modern Fed rulers understand at least this much.
The Trouble with Economic Statistics
The world would be a happier place if official economic statistics had never been created. They are often inaccurate or otherwise flawed and misleading. An even more serious consideration: official statistics help to provide rationales for pernicious policy making.
Is Paying a Copyright Fee Like Shopping?
Most people never have occasion to navigate the "intellectual-property" thicket so they might be susceptible to arguments like one I recently heard. I was asking permission to use a certain text for a final printed publication. The rights holder knew of my own views on these matters — I see copyright as government coercion — and so he couched his preliminary position in the form of argument that I'm summarizing here:
The Story of Roy A. Childs Jr. (1949–1992)
Childs was mightily impressed by what he read inside the covers of Rothbard’s books and by what he heard from Rothbard himself in that famous living room. And he was determined to pass his enlightenment along to the students of Objectivism.
It Usually Ends with Murray Rothbard
It was while I was attending graduate school that I met Murray Rothbard. Rothbard followed LeFevre on the program and, although I do not recall the precise topic of his talk that day, I was extremely impressed with the joyfulness, affability, and sense of humor he projected.
Why Discriminate?
In the days of yore, to say that a man was discriminating was to pay him a compliment. It meant that he had taste: he could distinguish between the poor, the mediocre, the good, and the excellent.
Keeping the Liberties of the People Safe
Richard Henry Lee is best known for the June 7, 1776, motion calling for the colonies' independence from Great Britain, which led to the Declaration of Independence. As a consistent advocate of liberty, he also opposed the Constitution.
What Explains Crystal Meth?
Crystal meth is a horrible drug, but it is also a cheap date, the poor man's cocaine. During cocaine's heyday, meth was nearly extinct on the illegal market. Then came the war on cocaine.
