Mises Wire

Vail recognized, market competition and “regulation and control are inconsistent with each other, and cannot be had at the same time.” Obviously, Vail favored the latter.

The left is trying to reframe the Jason Arday affair as a witch hunt in which a racist media and a jealous professor hounded him to suicide. However, it was Cambridge University that failed, not those that sought the truth.

There are two types of nationality. The first, as defined by Ludwig von Mises, involves people united by common languages and customs. The second is defined by the state.

Keynesian theory says that the way to end a recession in which the economy is in a “liquidity trap” is for government to ramp up spending. Murray Rothbard demonstrated that this policy actually blocks an economic recovery.

In America, French-style violence was simply unnecessary for the revolutionaries to win, and we will never know if the Americans might have resorted to greater violence in different circumstances. 

While not as effective an economist as Ludwig von Mises or Murray N. Rothbard, Ludwig Lachmann played an important role in the revitalization of Austrian economics after 1974.

Trump has made his family billions by courting foreign and corporate money and accepting extravagant gifts while in office. But he didn’t bring self-enrichment to Washington, he simply made it much harder to ignore.

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.

As long as the explanation for human behavior seems logical and fits their worldview, people can carry on mistakenly believing that they can identify causal relations from studying group disparities.

Murray Rothbard wrote that statistics are the lifeblood for government intervention. Based on certain presuppositions, statistics allow interventionists to identify “problems” to solve.