World History

It has been a hundred years since Mises published Socialism. It is more relevant than ever.

As the history of large states shows very well, choosing security without freedom leads to losing both rights and peace.

Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder.

The world's central banks ran up their risk, all together, and now the big risks they assumed are turning into losses all around the central bank club.

State regulation of marriage—and the ensuing secularization of marriage that followed—is a historical development that was part of the larger trend toward the expansion of state power.

The whole system of priorities, allocations, quotas, and licenses causes endless delays, keeps efficient concerns from expanding, and keeps inefficient concerns in business.

Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.

For families and friends gathering for Thanksgiving this year, many will assemble in a room called the "dining room." This is a modern luxury made possible by the bourgeois merchants of old.

The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.

The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets.