Mises Wire

As AI develops, some people are getting the wrong idea and want to assign moral rights to chatbots and other AI products.

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.

The velocity of money doesn’t have a life of its own. It is not an independent entity and, hence, it can’t cause anything. Contrary to popular thinking, money does not circulate. Money always belongs to somebody.

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.

For many years, some economists and politicians have painted income equality as a major threat to our economy and well-being. As usual, they understand neither inequality nor economics.

The intellectual path from Ancient Greece to modernity is littered with the path of numerous philosophers, movements, and events, both peaceful and violent that have shaped thinking throughout the ages.

What elites call “historical inevitability” is merely a bureaucratic narrative meant to paralyze action and shield power from its own failures.

In this week’s Friday Philosophy, Dr. David Gordon reviews John C. Calhoun’s A Disquisition on Government, published in 1850. Like Murray Rothbard before him, Dr. Gordon finds plenty to like in this book.

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may seem foreign to us today—the threat of standing armies. This reality became concrete in the Newburgh conspiracy in 1783.