Mises Wire

The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.

Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.

If the US carries through its plans of “regime change” in Iran (which at this time is highly doubtful), look for an attempt to install its own “puppet” regime, a regime that no one can trust.

When accusations of rape and assault were made against Duke University’s lacrosse team in 2006, both the Durham City Police and District Attorney Michael Nifong engaged in law breaking to indict three young men that clearly were innocent.

As investors become squeezed as the economy tightens, they look toward the government to provide them with even more cheap credit. Ordinary Americans are paying for these unsound policies.

The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.

Anyone who cares about American greatness must also refuse to allow us to become the kind of society that shrugs off the crimes our government commits in our name and with our money.

While Adam Smith has played an important historical role in the development of economic thought, as Murray Rothbard pointed out, he hardly is the original apostle of laissez-faire economics.

Mainstream finance regularly confuses finance, insurance and betting. The Austrian School provides the tools to understand their differences.

Murray Rothbard’s system was built upon the natural rights of individuals, and tying liberty to property and ownership, not collectivism.