What can be done now? President Trump should not urge us all to “come together.” Instead, he should support secession.
Audio Mises Wire
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
If California voters and politicians do not understand the current crisis, we will see the continuous march to perdition as California politicians refuse to acknowledge that they are killing the geese laying the golden eggs.
We're told more government spending will get the economy back on track. But increasing government spending weaken the process of wealth creation.
The silent majority is the one that benefits from recent agricultural reforms, but mounting pressure from the vocal minority has prompted the government to once again increase government meddling.
Coups are nearly always acts committed by elites against the sitting executive power using the tools of the elites. It's clear the elites want Trump gone, and Wednesday's riot was no coup.
It is partly an attempt to erase the Trump movement from the pages of history, but it is also an attempt to silence criticism of the emerging political consensus in the coming Biden era that may come from progressive or antiwar circles.
For people who remain mystified as to how populists like Donald Trump get elected, they need not look much further than this.
Acton: “Liberty is not a means to a higher political end. It is itself the highest political end…not for the sake of a good public administration…but for the security in the pursuit of the highest objects of civil society, and of private life.”
Corporate cost cutting sets the stage for future gains in profitability and productivity, and there is no resulting "paradox of thrift" requiring easy money policies to "fix" the problem.
While it took the Federal Reserve almost six years to create 3.5 trillion in new US dollar liquidity after 2008, this time around, it took only ten months to unleash a monetary tsunami of $3 trillion, with the projection of at least another $1.8 trillion next year.
The government spends vast amounts of money on educational programs that aim to give “equal opportunity” to those deemed disadvantaged, but there is little or no evidence that these programs achieve anything.
There are few sacred cows in American politics more revered than the New Deal. Yet the New Deal did nothing to end the Depression and it still negatively impacts our economy today. Now we're being told the United States needs a new New Deal.
The Canadian Liberal Party began as a party of classical liberalism, radically supportive of freedom and free markets. But those days are long over.
On January 15, Wikipedia turns 20. Its anniversary is a good time to celebrate the success of a service that has become so useful to so many.
The Nuremberg prosecutors wanted to indict the Nazis on trial for crimes, but at the same time they wanted to preserve the dogma that the modern European nation-state is the culmination of moral progress. This created a conundrum.
Many healthcare professionals have happily embraced the same attitude as cops: "We're experts, don't you dare question us." But the 100,000 yearly medical-error deaths suggest this expertise ought to be questioned more often.
In case you doubted that California's politicians are firmly committed to ever-higher levels of taxation, California is now trying to retroactively impose sales taxes on out-of-state retailers going as far back as 2012.
If the FBI and the Pentagon have already demonstrated their officials are willing to break and bend rules to obstruct Trump, why believe the administrative class when they insist elections are free and fair and all above board?
Consumers are indeed sovereign, but the reason consumers can exercise their sovereignty is that entrepreneurs have already borne the uncertainty of production to make the goods available for purchase.
The Marxist dialectic was purported to explain every development in Soviet society. But so much wishful thinking was required that eventually it all just became a subject for jokes.
