Mises Wire

United States is now a full-blown "tax state" in that lawmakers can raise taxes with minimal effort without meaningful legal resistance from any other domestic institution.

Human Action by Ludwig von Mises is not just another book on economics, although its economic content is excellent and timeless. It is a passage through one truth after another, built upon logic and reason.

“Science” is now indistinguishable from politics. As the “acid rain” hysteria showed back in the 1970s and 1980s, “follow the science” is just a political slogan, unrelated to actual science.

"Overall, it should be evident that the Constitution was a counterrevolutionary reaction to the libertarianism and decentralization embodied in the American Revolution."

While J.M. Keynes likely is the most influential economist of our age, his economics were that of inflation, statism, and outright central planning.

If we are to consider the desirability of monarchy through a libertarian lens, it is important to make distinctions between greatly differing types of monarchy. 

Bari Weiss’s appointment to head CBS News has brought cries of anguish from the usual suspects on the left and approval from some on the right. But will she really bring the kind of change that will challenge the political establishment? Probably not.

“The Civil War was really the watershed,” he wrote Meyer. “Lincoln was America’s first dictator, and almost all the Republican Acts were monstrous.”

Once upon a time, American firms built with the long term in view, and the government did not try to hinder them. Today, thanks to reckless federal government spending, we are living hand-to-mouth, accumulating massive debts, and soon enough will be broke.

An enduring myth is that imports from industrialized western countries have decimated production of goods in developing countries. Economic history tells a much different story.