Mises Wire

For millennia prior to the dawn of the Industrial Revolution, the vast majority of men, women, and children toiled from dusk to dawn and beyond just to keep body and soul together.

Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.

Regardless of your view of the current conflicts, one fact is indisputable.  President Trump’s actions violate our traditional non-interventionist foreign policy. 

Socialist mayoral candidate Mamdani won the Democratic primary for mayor of New York City on promises to vastly expand government control of housing and businesses there. It worked.

Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.

Would medical care be available to people who might have a difficult time paying for it? In a private property order, charitable institutions would play an important role in ensuring more people have access to medical treatment.

Economic sanctions, as a general principle, have a history of failure in the 20th and 21st centuries, which penalize everyday citizens in the sanctioned country.

Although it may not have ultimately ended how they wished, the strikes on Iran demonstrated that neoconservatives are still a viable force within the GOP. But that shouldn’t discourage us. Ending endless wars isn’t easy, but it is worthwhile.

Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation.

Mainstream economics is deterministic, holding that economic actors continue to move in one direction, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action.