Ludwig von Mises was born 144 years ago today. His economic masterpieces are as relevant and powerful today as when they were written. Mises still is the most eloquent voice against socialism.
While politicians neglect healthcare and focus on their own public relations, ordinary Britons are increasingly feeling the weight of their own internal health problems.
Hayek once remarked, “If socialists understood economics, they wouldn’t be socialists.” Building on this, if socialists understood socialism, they wouldn’t be socialists.
To simply understand the differences between socialism, communism, and fascism—contrasted against the free market—imagine owning two cows, then explore what the state would do.
Although New York mayoral front-runner Zohran Mamdani has made some very popular promises, his litany of free stuff will run headlong into economic reality soon enough.
Portrayed as a socialist system that is established through the democratic voting system and not imposed by revolutionary violence, democratic socialism leads to an ossified, bureaucratic, iron-fisted system.
The federal government taking an ownership stake in Intel is neither a promising new approach to governance nor an unprecedented leap into economic fascism. It’s simply Trump embracing the corrupt status quo he ran against with a superficial rebrand.
Mark Thornton reviews Thomas Piketty's A Brief History of Equality. The book is the siren song of communism: “economic justice” without any cost or noteworthy harm to society. In reality Piketty's solutions are implicitly violent and destructive.
Socialism may have failed, as it always does, in Bolivia, but that unfortunately does not mean that it is turning toward the free market.
Americans wrongly believe that the best way to take care of our scenic lands is through government ownership and administration. The reality is that bureaucrats are not good land managers, and certainly not as good as private owners.
