Originally published by American Thinker. In the view of most economic illiterates, speculators do not bake bread; they do not supply medicines; they are AWOL when it comes to working on the shop floor; they don’t teach math or the cello. They are thus parasites on others who do supply such needed everyday goods and services. Here’s a real-life
All major problems can be fairly laid at the door of the government, particularly on the woke philosophy that energizes all too much of its behavior. They take half the GDP away from us. Most of these funds are spent in wasteful ways: paying people not to work; welfare, which breaks up the family; subsidies to all and sundry. Worse, an awful lot
On March 2, 1966, Murray N. Rothbard, the founder and twenty-year editor of the Journal of Libertarian Studies , would have celebrated his seventieth birthday. This issue of the JLS , as well as a simultaneously appearing special issue of its sister publication, the Review of Austrian Economics , likewise founded and edited by Rothbard, is a
Holcombe (2004) has written an interesting and challenging but ultimately fallacious essay on government. In his view, this institution is “unnecessary, but inevitable.” I heartily agree with the former contention, but adamantly reject the latter. Worse is the implication for him of the supposed inevitability of the state: since it will come about
ABSTRACT: This article wrestles with the issue of when is it justified to accept money from government. The case is made that it is indeed almost always justified to do so. But not for everyone. Keywords: libertarianism, ethics, theft, taxation Jonathan Gress (jonathan.gress@lpmaryland.org) is an independent scholar. Walter Block
En opinión de la mayoría de los analfabetos económicos, los especuladores no hacen el pan, no suministran medicamentos, se ausentan cuando se trata de trabajar en el taller, no enseñan matemáticas ni violonchelo. Por tanto, son parásitos de otros que sí suministran esos bienes y servicios cotidianos tan necesarios. He aquí una cita de la vida real
Todos los problemas importantes pueden achacarse al gobierno, en particular a la filosofía woke que dinamiza gran parte de su comportamiento. Nos quitan la mitad del PIB. La mayor parte de estos fondos se gastan en formas de despilfarro: pagar a la gente para que no trabaje; la asistencia social, que rompe la familia; las subvenciones a todo el
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.