Federal Spending Rises to Post-Covid High in Wake of DOGE Failure
Nearly one in five US tax dollars now go to paying interest on the federal debt. Debt and spending are set to surge even more as war costs mount and interest rates rise.
Mises Wire
In Memory of the Creator of the Washington Consensus
John Williamson, who passed away five years ago, is known for creating what was called the “Washington Consensus,” which was an attempt to bring a liberal economic order to poor countries looking to transition from socialism to capitalism.
Will Higher Interest Rates Counter Inflation?
When inflation heats up because central banks hold interest rates to artificially low levels, the standard approach is for central banks to increase interest rates. The better policy is not to artificially manipulate interest rates at all.
State Wars Bleed a Nation to Death
President Trump’s current war with Iran not only is creating economic havoc around the world, but it is also bleeding US taxpayers. There are no good outcomes here.
Rothbardian Property Rights in a Dangerous Digital World
Murray Rothbard based much of his work on property rights, and in this piece, Ludovico Lumicisi applies Rothbardian thinking to the technology of our digital age.
A Rothbardian Reconstruction of Libertarian Political Theory
Murray Rothbard’s For a New Liberty is a classic at bringing together the foundations of Austrian Economics and libertarian thinking.
The Causes and Cures for Gen Z’s Economic Illness
How does one act counterculturally and rebel against the systems of dependency? How do young people learn to act wisely without examples? Knowing how to see through the smoke and mirrors of the inflation culture is a necessary skill for a freer and more peaceful tomorrow.
Ex Nihilo No More
Mises described the problem, Hayek proposed the direction, Kirzner explains why the market will not stop. And the market, as so many times before, has already found the first step.
On the Skids
Modern moral philosophers often come up with immoral ways to undermine free markets. In this week’s Friday Philosophy, Dr. David Gordon examines the book How Much Is Enough? by Robert and Edward Skidelsky and questions the authors’ conclusions.
A Note on “Currency” in Colonial America
In studying history, it is key to avoid definitional anachronism—failing to note how a word has changed over time and assuming the present meaning was the same in the past. This is often the case with the word currency as used in colonial America.
