Through the sheer power of his intellectual output, Ludwig von Mises established himself as one of the most important intellectuals of the twentieth century. His work Human Action remains a foundational text of the Austrian school. His critique outlining the impracticality of socialism was vindicated with the fall of the Soviet Union and remains without a serious intellectual challenge today.

Just as important, but often overlooked, is his work on the economic system that continues to infect the world today: interventionism.

Prior to the global pandemic caused by SARS-CoV-2 or covid-19, many looked to the United States as a beacon of freedom and liberty. When viewed in comparison to the harsh realities of the world, this may seem rather true. After all, one’s perception of freedom and liberty is skewed by perspective. In recent weeks, the Biden administration has escalated its increasingly authoritarian approach to “managing” the threat of the virus. Even President Biden himself stated that safety takes precedence over freedom.

It’s the best time of the year: college football season. However, this is a particularly unique college football season because this year, for the first time ever, players will be able to be paid for their name, image, and likeness. This is the culmination of a long raging debate over whether or not college football players should be paid for the work they do.

The bankruptcy of the Chinese real estate company Evergrande is much more than a “Chinese Lehman.” Lehman Brothers was much more diversified than Evergrande and better capitalized. In fact, the total assets of Evergrande that are on the brink of bankruptcy outnumber the entire subprime bubble of the United States.

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Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the recovery. Autos and new home sales plunged, real disposable personal income has plummeted, and real median wage growth is lower than inflation.