Mises Wire

Rothbard's view of the international system is built upon his consistent view of the state as a coercive institution run by a self-interested ruling class. 

Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness.

William Rawle was a well-respected lawyer, legal scholar, an abolitionist, and a believer in the right of states to secede. He described this in A View of the Constitution of the United States of America, which many claimed to have read while at West Point prior to the Civil War.

With the fall of Bashir Assad‘s government, Syria becomes yet another victim to the grand plans of American and European foreign policy elites. As we saw in Iraq after the US invasion, there will be no happy ending for the Syrians.

Much of the failure of American schools is due to the adherence to a flawed system of teaching students how to read. Homeschoolers often don‘t seem to have that problem, and there is a good reason why.

Many people were puzzled why so many WNBA players were hostile to the arrival of superstar Caitlin Clark. After all, they reasoned, Clark would make the league more popular, bringing more money and publicity. Austrian economics, however, shows a logical explanation for the hostility to her.

Moscow’s behavior in the international realm is that of a conservative and defensive realist great power, far from being a Hitlerish regime bent on global conquest.

Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet.

The Biden administration, and the political establishment more broadly, is scrambling to ram through policies that a majority of voters just voted against. Their actions expose that their supposed commitment to democracy is a lie.

In replying to a previous article by Frank Shostak, Douglas French writes that if an increase in the supply of gold ultimately leads to an expansion of bank credit, that is enough to start the boom-and-bust cycles, even if there is no central bank to accelerate the process.