Mises Wire

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.

The latest rage among defense contractors is the rise of the high-tech “neo-primes,” firms which supposedly will apply “smart” militarization. History and reality tell us, however, that these companies soon enough will be as bloated and corrupt as their contemporaries.

Did the Declaration of Independence carry a hidden message of abolition of slavery? Justice Clarence Thomas and historian Harry Jaffa believe that, but legal scholar Wanjiru Njoya holds that such an interpretation pushes the envelope too far.

To celebrate The Year of Rothbard, we're giving away some of his most radicalizing and influential books. Get your copy of our June offering, Keynes the Man, before June 30.

The doctrine of positive economics tells us that data will provide an appropriate theory. As usual Austrian economists understand that mainstream economists have the entire thing backwards.

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.

The Appalachian region, while always relatively poor, had strong families and institutions that held things together. In the aftermath of the expansion of the welfare state and the shrinking of the iron, steel, and coal industries, we have seen social breakdowns and increasing drug addiction.

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists.

In this week’s Friday Philosophy, Dr. David Gordon revisits Wilmoore Kendall’s The Conservative Affirmation, which takes issue with Abraham Lincoln and his views on equality.

Government policy regarding patents is based upon the belief that no one would invent anything without some monopoly privileges. There is good reason to question that belief and the resulting policies.