Monopoly and Communism
Molinari draws a parallel between monopoly and communism, arguing that both represent departures from the principle of free competition.
Molinari draws a parallel between monopoly and communism, arguing that both represent departures from the principle of free competition.
Molinari frames this choice as the central political question that determines whether a society will be free or oppressed.
Molinari confronts the common objection that security is somehow different from other goods and must be exempted from market provision.
Molinari applies the general principle of free competition directly to the provision of security services.
Molinari argues that the division of labor and voluntary cooperation form the natural basis of social organization.
Molinari opens by establishing that humans have a fundamental need for security of their persons and property.
Rothbard introduces Molinari's essay as a pioneering work that took free-market principles to their logical conclusion by questioning the state's monopoly on defense.
Mark Thornton argues we’re on the on-ramp to hyperinflation, and that the “gold didn’t spike on war” story misses the real driver: Fed policy, oil-driven CPI optics, and the coming scramble for liquidity.
There are fuel protests in Ireland, which are not surprising given the havoc Trump’s Iran war has caused in oil markets. They also should be protesting against the government policies that make the situation worse.
A third of all dollars in existence were created since 2020. The money supply just hit a 44-month growth high. The Fed calls this "restrictive." Ryan McMaken calls it something else.
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
"There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom."
The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.
Under a system of private ownership, in which the government's only function is to protect property rights, it is immaterial where the frontiers of people's country are drawn.
While there is a public uproar about China having access to the work of American scientists, there is a bigger issue at stake: Is science “owned” by “the public”? If not, why are we so worried about the Chinese?
Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.
We are told that it takes “eternal vigilance” to protect our freedom. But what if the entity taking away our freedom has the weapons and the “law” on its side?
Bob sits down with researcher Robert Aro to review his recent Mises.org article on why the widely anticipated post-QT crash never materialized.
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
War in the Persian Gulf doesn’t just mean pricier gas. It can snap hidden supply chains that keep modern life running, from fertilizer and copper to plumbing repairs.