Why Civilization Needs Money
Monetary calculation is the guiding star of action under the social system of division of labor.
We Must Declare Independence
As Independence Day comes around again we should spend a few moments between barbecue and fireworks to think about the meaning of independence. The colonists who rebelled against the British Crown were, among other things, unhappy about taxation. Yet, as economist Gary North points out, the total burden of British imperial taxation was about one-to-two percent of national income.
Beware the Predictions of “Experts” Like Janet Yellen
[First published by Rare, July 1, 2017]
Speaking in London, Federal Reserve chair Janet Yellen Tuesday predicted that the “the system is much safer and much sounder” and explained that the Federal Reserve is prepared to deal with numerous enormous shocks to the economy.
3 Things to Remember on Independence Day
It’s difficult to say what most Americans commemorate or celebrate on Independence Day nowadays. Many appear to focus on some vague notion of “America.” Others even take to jingoism equating the United States government with the very notion of “freedom.”
Lost in all of this is the fact that the Declaration of Independence — the document we’re supposed to remember today — is a document that promotes secession, rebellion, and what the British at the time regarded as treason.
Five Articles for the Fourth
The Declaration of Independence, and the Revolution it helped inspire, have long been subjects of commentary here at mises.org. Here is just a small portion of some of what our archives have to offer.
1) The Causes of the Revolution of 1776 by Albert Jay Nock
Beware the Predictions of “Experts” Like Janet Yellen
[First published by Rare, July 1, 2017]
Speaking in London, Federal Reserve chair Janet Yellen Tuesday predicted that the “the system is much safer and much sounder” and explained that the Federal Reserve is prepared to deal with numerous enormous shocks to the economy.
Getting Taxpayer-Funded Free Stuff Is not “Religious Liberty”
There seems to be some confusion among religious columnists as to what constitutes religious freedom and what does not.
In a recent column for Crisis, Thomas Ascik claims that the US Supreme Court’s ruling inTrinity Lutheran v. Comer is a victory for “the free exercise of religion.”
Preface to the New Edition
The world is split today into two hostile camps, fighting each other with the utmost vehemence, Communists and anti-Communists. The magniloquent rhetoric to which these factions resort in their feud obscures the fact that they both perfectly agree in the ultimate end of their programme for mankind’s social and economic organization. They both aim at the abolition of private enterprise and private ownership of the means of production and at the establishment of socialism. They want to substitute totalitarian government control for the market economy.
Epilogue
Introductory Remarks
The characteristic mark of this age of dictators, wars and revolutions is its anti-capitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-round regimentation of economic activities is both inescapable and highly desirable.
