It’s Time for the US to Withdraw from Korea
Listen to the Audio Mises Wire version of this article.
21. M. N. Rothbard: Economics, Science, and Liberty
Murray N. Rothbard (1926–1995) has come to occupy a position of unique influence within the intellectual tradition Austrian economics for a combination of three central reasons.
Will 2021 Be the Year of the Revolution?
On the heels of the covid-19 pandemic, unprecedented socioeconomic challenges have emerged on a global scale, including growing resentment toward: government-enforced lockdowns, government corruption, inequality, and climate change. In the United States alone, the economic costs of the pandemic have been estimated at $16 trillion. With international socioeconomic systems in flux, policy makers, economists, and forecasters are left puzzled on what is going to happen next.
20. Property, Causality, and Liability
I.
Wherever there is scarcity of resources in relation to human demand, the possibility of conflict arises. The solution to such conflict is the assignment of private property rights—rights of exclusive control. All scarce resources must be owned privately in order to avoid otherwise inescapable conflicts. However, while the assignment of private property rights makes conflict-free interaction possible, it does not assure it.
19. Two Notes on Preference and Indifference
I. A Note on Preference and Indifference in Economic Analysis
In his celebrated article “Toward a Reconstruction of Utility and Welfare Economics,” Murray Rothbard wrote that
Two Problems with the Nonaggression Principle
Libertarians typically favor reducing government to a minimal or night-watchman state, one limited to police, courts, and national defense. (For example, the Libertarian Party platform says that “the protection of individual rights is the only proper purpose of government.”) Some libertarians argue for this minimal state by appealing to the nonaggression principle. This is a mistake.
In Some Countries, Lockdowns May Be the “New Normal”
Listen to the Audio Mises Wire version of this article.
Like many mainstream economists who make predictions that inform and shape government policy, medical experts make predictions which can determine how a government addresses a perceived problem. A good example here is Professor Neil Ferguson, who led the flawed Imperial College covid-19 study which played a major role in the lockdowns implemented throughout Europe, and even in the US and Canada.
Why a Green New Deal Is More Expensive Than Joe Biden Realizes
Listen to the Audio Mises Wire version of this article.
One of President Biden’s first executive actions was to declare January 27 “Climate Day.” This ad hoc holiday provided an opportunity for his administration to celebrate the latest rationale for economic central planning. The day’s festivities began with three executive orders on climate change, science, and technology.
