Mises Wire

As a human endeavor like any other, war making is the product of reason, purpose and choice. A proper analysis of war must take into account the goals of the war makers.

Modern historians tend to view the post-Civil War Reconstruction period as a time when the victorious northern states attempted to bring law and order to the South. However, by establishing a de facto police state, the North further poisoned relationships between whites and freed slaves.

States can vastly expand their own power when they can print their own money. This is why virtually all governments have a central bank.

One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.

We won't stop educating the future champions of freedom. We are in this together, “this” being nothing less than the battle to save Western civilization from the latest onslaught of socialist tyranny.

Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish. 

The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story.

The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else.

Rothbard's view of the international system is built upon his consistent view of the state as a coercive institution run by a self-interested ruling class. 

Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness.