Mises Wire

“Because these meetings are held in the glare of world-wide media coverage, the parties to a dispute will be reluctant to make concessions.”

The US Cuban embargo continues, to the detriment of both countries. Not surprisingly, Murray Rothbard had strong opinions on the embargo, as he believed that US policies not only were self-defeating, but were outright harmful.

Modern historians no longer seek historical truth but rather analyze history through series of politically-based narratives. But what happens when those narratives are effectively challenged? Mainstream historians then simply ignore the results and simply repeat what they have been saying.

The Fed by design feeds the political machine in DC by concealing the costs of government spending. The Fed serves the government, not the American people.

Keynesian economists like to claim that government budget surpluses amount to “national savings.” However, real savings are used to spur capital development, which government surpluses have nothing to do with the structure of production.

For all of the talk about the need for “limited government,” we should always remember that the government has a legal monopoly on violence, and it uses that legal privilege often.

People (including most mainstream economists) assume that only a government bureaucracy can effectively deal with predicting disasters and alerting people in harm's way. However, this is an area of enterprise that is ripe for free markets.

This is all a reminder that one should never take what Fed mouthpieces say as reliable insights into present or future economic trends.

Since the Progressive Era, American foreign policy has seen one military intervention after another, leading to disastrous consequences. Historian Charles A. Beard understood the dangers and futility associated with these interventionist policies.

While many historians claim slavery was the sole cause of the Civil War, they are overlooking the role of tariffs in creating the economic and political divides between North and South before the war began.