Mises Wire

The Fed is losing record amounts of money, but in the magical world of money-printing, it‘s not a problem for the Fed. It‘s just a problem for the taxpayers.

The Southern secession from 1861-65 is portrayed as a “lost cause” by supporters and an act of evil by its detractors. Murray Rothbard argued that the Confederates were seeking freedom from political oppressors, just as their ancestors had done in the American Revolution.

Since there is no genuine test of merit in government’s “service” to consumers, the bureaucrats have decided that the metric of success is commanding a bigger staff and a bigger budget.

In a post-Cold War world, there is an opportunity to find useful insights among even the New Right that Rothbard loathed. James Burnham‘s The Managerial Revolution produced important points about the relationship of government and business.

Conventional progressive wisdom says that Nazism and Fascism were polar opposites to Communism. Yet, all of these totalitarian worldviews came from the same collectivist origins.

The religious left today claims that Jesus was a socialist who was against private property and any kind of economic arrangement that smacks of capitalism. An investigation into Jesus‘s teachings and actions overwhelmingly contradicts that notion.

Just because a government’s constitution allows for dictatorship, that doesn’t mean that the dictator is therefore legitimate, moral, or that we must obey that constitution.

Either tariffs raise revenue from foreign imports or make imports expensive enough to protect domestic producers, not both. There is nothing magical about tariffs. They are taxes and they are paid by you.

In terms of economics, there isn‘t much daylight at all between a tax-funded “private” contractor and a federal employee who works directly for a government agency.

Despite the government‘s efforts to prop up real estate prices, the markets are having the last word. Commercial real estate is especially vulnerable to the latest trends.