Mises Wire

On this episode of Power and Market, the group discusses the fallout from Musk's fight with Trump, recent reporting on Palantir contracts, and how the courts are not interested in protecting rights.

With US Government bonds being downgraded, another sign that Washington's borrowing and spending is out of control, not that anyone in power is listening. Think of the downgrade as a canary in a coal mine.

The American Revolution was fought to free American colonists from an overbearing British government. Yet, only a few years after independence, Americans had created a constitutional government that would wield much power than anything the British had.

Marxism has seeped into politics, education, and religion—reducing human action to class and race. Mises offers a more accurate understanding of how humans act.

Modern macroeconomic theory claims that government spending, taxation, and monetary creation is essential for economic growth. Austrian Economists, however, note that government stifles the economy.

Our author went to St. Croix in the US Virgin Islands, expecting a vacation in paradise. Unfortunately, thanks to the USVI government‘s laws “protecting” the taxi industry, he had to spend a tidy sum of money just getting around.

Was Paul Heyne an ethicist who thought like an economist or was he instead an economist who thought like an ethicist? It was a bit of both. Heyne‘s popular text, The Economic Way of Thinking, educated a lot of students about how economics really works.

While China has made great strides economically since the days of Mao, nonetheless, there remain a number of weaknesses in the economy. While we should recognize its economic strengths, we should not be tempted to portray China as an economic superpower.

Modern neoclassical economics is based upon the physical sciences, which Austrian economists recognize is an inappropriate way to explain economic phenomena. Ludwig von Mises recognized this fraudulence, calling it “scientism.”

As a bookend to last week‘s critical article on Thomistic Aristotelianism of Alasdair MacIntyre, Dr. David Gordon in Friday Philosophy scrutinizes the libertarian-tolerant philosopher Henry B. Veatch. Dr. Gordon finds Veatch‘s arguments much more tolerable.