Mises Wire

What is a proper libertarian foreign policy? Murray Rothbard wrote that first and foremost, a peaceful and realistic policy means not invading other countries and working to end wars as quickly as possible. 

Ralph Raico’s scholarship on the origins of classical liberalism serves as an essential counterweight to Hayek‘s Anglocentrism.

“It is ideas that group men into fighting factions, that press the weapons into their hands, and that determine against whom and for whom the weapons shall be used.”

For now, the number one thing we can do to make the federal debt less costly and more manageable is to just stop making it bigger.

Western Europe has been at peace for the past 80 years. Unfortunately, EU leaders have not appreciated the benefits of peace and look to promoting war. The memories of World War II have faded, but the EU seems determined to create new bad memories.

The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.

The last excuse that diehard defenders of President Trump’s tariff policies have advanced now lies in ruins. 

We are bombarded with claims that capitalism causes inequality, yet what does it really mean? In truth, in a free market economy, differences in income, even large differences, don‘t mean much since most people have a high standard of living.

Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.

College football has finally experienced an athlete‘s holdout in order to leverage a hoped-for payday. In the case of Nico Iamaleava, he tried to leverage more money from the University of Tennessee but failed spectacularly. There are economic lessons to be learned here.