Many in Manchester are still reeling from the May 22nd suicide bombing that killed 23 people and left dozens more injured. Since then, thousands have come to visit a memorial in St. Ann’s square, a short distance from the site of the attack, to place flowers or to offer prayers for the victims and their loved ones. Such a peaceful response is inspiring, but the St.

When you’re a government agency, asking for a tax increase is always a hassle. 

For the most part, taxpayers don’t like taxes, and if asked if they want to pay more, they’re likely to often say “no.” 

Moreover, when public officials pass tax increases, they may face the wrath of taxpayers at the ballot box.

A very popular doctrine maintains that progressive lowering of the monetary unit’s purchasing power played a decisive role in historical evolution. It is asserted that mankind would not have reached its present state of well-being if the supply of money had not increased to a greater extent than the demand for money. The resulting fall in purchasing power, it is said, was a necessary condition of economic progress.

Now in mailboxes, the May-June issue of The Austrian is also now online [PDF]. 

In this issue, Ron Paul discusses some of the obstacles and most promising strategies for opposing war and aggressive foreign policy in the United States today. 

Historian Hunt Tooley also focuses on war and foreign policy with a look back at how the First World War has shaped American and global politics in the 100 years since the US entered that war. 

Data compiled by the New York Times has shown that the number of drug overdose deaths in 2016 exceeded the 59,000 mark.

A few years ago, I was taken to lunch in a grand New York club by some very rich men. They gave me the benefit of their opinion on Britain’s rigid class system. They appeared not to notice that, at that very moment, they were being served by a flurry of obsequious men, whose grovelling was certainly the equal of any that I had seen anywhere in the world.

One of the most consistent themes through the works of Ludwig von Mises is the role ideas play in shaping society. As he wrote in Theory and History:

It’s a slow week for the Fed as they gear up for next week’s FOMC meeting and subsequent announcement. In the days ahead, there will be much commentary about whether or not the Fed is going to raise rates.

I saw a small sign stuck in the grass near the side of a road where I live in Orlando that I have never seen before. I wrote down the text on the sign so I could remember it. It simply said:

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