Mises Wire

There are no “good wars,” rather, there are wars with varying degrees of destructiveness. The American War Between the States was especially destructive, and the scars have not fully healed 160 years after it ended.

Peterson implies the “dark tetrad” is emerging on the non-interventionist right, cloaking their real intentions with conservative rhetoric. Interestingly, however, a historical parallel exists in neoconservatism, whose intellectual roots are deeply rooted in Machiavellianism.

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.

Ours in an age when people panic, sometimes for good reasons but often for bad. Governments benefit from panicked citizenry, which is why we always should question those political decisions that can turn our lives upside down.

The modern state, unlike the medieval monarchy, does not merely tax to sustain itself or to defend the nation. It taxes to reshape society and to manage an increasingly restive population.

Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.

The blackout in Spain was not caused by a cyberattack but by the worst possible attack—that of politicians against their own citizens.

The transatlantic slave trade from Africa is a well-known chapter in the history of slavery in the Western Hemisphere, but much lesser known is the enslavement of Native Americans. Many of them were shipped to plantations in the Caribbean where they were worked to death.

The late P.T. Bauer provided much insight into the issue of the so-called First World sending aid to Third World nations in the name of “development.” Bauer demonstrated conclusively that such donations actually impede economic growth in poor nations.