Mises Wire

The political response to last Friday’s tragic terrorist attack in Paris has been woefully predictable.

While I’m reluctant to attribute movements in stock prices to specific events, this article say

It’s not a coincidence that wherever war and socialism are implemented, the results tend to be the same.

"Human rights" mean nothing to global elites when geopolitical advantages can be gained from joining forces with brutal regimes. Just as the West has embraced brutal dictators in Saudi Arabia and China, while ignoring the histories of the its Turkish and European Allies, the West may some day choose to do the same with ISIS.

When French President Francois Hollande declared this week that France is "at war," this could only possibly have been news to people who weren't paying attention. Of course, France is at war.

Please see the announcement below regarding Baylor University’s new PhD program in e

Student loan debt is climbing steadily, but since 2009, the federal government's share of that debt has skyrocketed.

The solution is to reject the militarists and isolationists. It is to finally reject the policy of using “regime change” to further perceived US and western foreign policy goals, whether in Iraq, Libya, Syria, or elsewhere. It is to reject the foolish idea that we can ship hundreds of millions of dollars worth of weapons to “moderates” in the Middle East and expect none of them to fall into the hands of radicals. 

It's important to note that when state intelligence and security agencies fail spectacularly, their budgets and personnel increase. Nobody gets fired, nobody apologizes. On the contrary: military, security, and intelligence  bureaucrats use events like terror attacks to demand more money, more power, and an expanded mission. This represents the very antithesis of how markets should operate, where failures are swiftly punished and non-performing actors are sent into bankruptcy. Is there something magical about state-provided security apparatus that forces us to accept this? 

When it comes to immunity from punishment for crimes, and free stuff coerced from others, there’s no better deal than being a government agent or elected official. So-called “white privilege” is nothing compared to the privileges enjoyed by the state.