Mises Wire

Reflections on the Failure of Socialism

SocialismPolitical Theory

Blog08/10/2020

Eastman saw Lenin as a dogmatist guilty of great crimes, and socialism a recipe for disaster. Reflections on the Failure of Socialism is the record of his insightful assault on socialism and his defense of the free market.

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Rothbard on Substitutionism

The Police StateWar and Foreign PolicyPhilosophy and Methodology

Blog06/26/2020

Rothbard has explained how it is wrong to equate what would be reasonable for a private protection agency with what is permissible for the state.

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Repealing Useless and Abusive Laws Might Do More Good Than "Defunding" the Police

Legal SystemStrategyThe Police State

Blog06/23/2020

"Defunding" the police isn't likely to actually lessen the control the state has over our lives. But repealing countless laws that give police far too much power would certainly help.

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Rothbard's Rules

Booms and BustsU.S. HistoryInterventionism

Blog06/11/2020

Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.

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Riots: Not Fun nor Profit for the Rest of Us

ProgressivismMedia and CultureThe Police State

Riots are not the answer to police abuse. The answer lies in making drastic reforms to how police agencies function, up to and including privatization. Contrary to the popular narrative, it's not just nonwhites who are in danger. We're all targets of the state's enforcers.

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Richard Cobden: Exemplar of Liberty, Property, and Peace

BiographiesProtectionism and Free TradeWorld History

Blog06/03/2020

Richard Cobden today is an underappreciated hero of peace and freedom in trade, and he fought the power of the state at every turn.

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Robert Nozick on Austrian Economics

Philosophy and MethodologyPraxeology

Blog05/08/2020

It isn’t a good argument against Austrian economics that someone might come up with a science that made better predictions. You have to show us the science, so that it can be compared with praxeology. Suffice it to say that this hasn’t been done.

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Rothbard on Why We Need Entrepreneurs

CapitalismCapital and Interest TheoryEntrepreneurship

Blog04/20/2020

Capitalists and entrepreneurs serve distinct functions in the real economy. Capitalists save money that then maintains production processes until final goods are produced. Entrepreneurs adjust the capital structure in light of uncertainty to produce the most desired goods. Capitalists are ...

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