One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse.
While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives.
As the official government in Haiti loses control, many are calling it a failed state. Crises like this are often evoked to discredit libertarians. But blame for Haiti’s current plight lies with the actions of states, not the absence of them.
While some libertarians and conservatives have promoted school choice as a way to “improve” government education, Murray Rothbard understood that the system of government schools cannot be reformed.
New York was the toughest nut for the Federalists to crack. The Federalists ultimately got their new constitution, but it was largely thanks to New York Antifederalists that the worst plans of the Federalists were thwarted.
It is during "emergencies" when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.
Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.
Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.
The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?
Mises Institute President, Tom DiLorenzo joins Bob to discuss his early days getting into economics, and some of his important work on antitrust policy.
