Mises Wire

The True Cost of Taxation Is Much Higher Than Your Tax Bill

Blog4 hours ago

If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government.

Read More

How I Discovered Murray Rothbard

History of the Austrian School of Economics

Blog4 hours ago

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.

Read More

Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

Read More

The Economics and Ethics of Government Default, Part II

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

Read More

Memories of Murray on His Ninety-Fifth Birthday

U.S. HistoryHistory of the Austrian School of Economics

Blog03/02/2021

Perhaps Murray’s greatest virtue was his genuine and abiding intellectual humility. 

Read More

Murray Rothbard on War and "Isolationism"

War and Foreign Policy

Blog03/01/2021

"The true principle of isolationism is that the government should be isolated and people who trade, interchange, and engage in voluntary travel, migration, and so forth should be allowed to peacefully do so."

Read More

Stagflation Cometh

Money and Banking

Blog03/01/2021

As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices. 

Read More

Why Rothbard Endures

BiographiesHistory of the Austrian School of Economics

Blog03/01/2021

Instead of succumbing to the zeitgeist, Rothbard moved it.

Read More
Shield icon wire