Mises Wire

Protectionist tariff taxes are nothing more than a price-fixing conspiracy orchestrated by the state that enriches a relatively small group of politically connected corporations.

When it seemed central Europe would succumb to the terrors of Bolshevism, Ludwig von Mises wrote his classic book, Socialism, convincing fellow Austrians that socialism was destructive. Mises influenced F.A. Hayek, whose The Road to Serfdom had similar effects in the US.

Making it harder to do business with Americans is not the way to help domestic workers, small businesses, and everyone else in middle America who has been getting ripped off under our current political system.

No matter how the court rules on birthright citizenship (or anything else), it certainly won’t be the “last word” on the matter, and nothing is decided beyond the short term. 

Despite efforts by elites to promote state-sponsored education, people are revolting against the statist model. From private schools to home schooling and other alternatives, people have not forgotten that liberty and learning fit well together.

How should we approach the study of history? An unfortunate trend has been to implement “history by theory” in which practitioners take theories and present them as facts. An honest approach is to take the historical facts and interpret them through coherent theories.

Mainstream economists define “inflation” as general increases in consumer and producer prices. Yet, such a definition misses why prices increase in the first place and why inflation should be described as an artificial increase in the money supply.

Not only was Joe Biden a failed president domestically, but he also was a failure in his foreign policy. From sending troops to Haiti, to the Ukraine war, to conflict in the Middle East, Biden never missed an opportunity to make a bad situation worse.

How did the US go from a nation that revered liberty to one with despotic governance? While political forces already were trying to push the US in a direction of centralization, the Civil War completed the job. We see the results of those centralized outcomes daily.

Without the discipline of profit-and-loss, the desires and goals of the bureaucrats, limited only by the prescriptions and budget of the legislature, necessarily guide policy.