“Experts” Don’t Know How Ignorant They Are
The central philosophy of progressivism is that we should be governed by so-called experts. What happens, however, when the “experts” are just plain wrong?
Mises Wire
Defending Dixie: A Defender of the South
Dr. David Gordon, in today’s Friday Philosophy, reviews Clyde N. Wilson’s, Defending Dixie: Essays in Southern History and Culture. In these essays, Professor Wilson defends secession and the Southern cause.
The Myth of the “Robber Barons”: James Hill versus the Crony Competitors
As a true market entrepreneur, as opposed to a political entrepreneur, James J. Hill successfully built a transcontinental railroad, outcompeting his government-subsidized competitors.
America Hurts Farmers and Discounts China’s Soy Imports while Providing a Crutch for Argentina
Once again, the Trump administration’s “dealmaking” on international trade has blown up, this time pulling the rug from under US soybean farmers. This isn’t the first trade policy fiasco, nor will it be the last.
The Myth of Planned Obsolescence
The concept of “planned obsolescence” makes no economic sense and is often an excuse for governments to harass and shake down innovative entrepreneurs. Much of so-called planned obsolescence is really entrepreneurship at work improving products for users and consumers.
MAGA, MAHA, and Our Growing Health Bureaucracy
It’s the master of public health awardees who are running public health. An MPH is a two-year degree which does not require you to have any prior training in health, in biology, or in medicine. It’s primarily focused on the use of big data and statistical analysis.
We Have Not Properly Reckoned with the Economic Insanity of 2020
The governmental response to the covid pandemic was to cripple the economy. To compensate for the damage, the Federal Reserve unleashed massive inflation in an attempt to do what the Fed always does in a crisis: bail out the economic actors.
Iran’s Economy Isn’t Failing; It’s a Plunder Machine
The people of Iran suffer not only from authoritarian rule, but they also are victims of an economy in which the authoritarian rulers engage in central economic planning that is destroying the economy. It’s an economy based upon plunder, not production.
New Rothbard Letters Show His Early Opposition to both Nixon and Reagan
“I see that you are preparing the groundwork for supporting Nixon,” Rothbard wrote Meyer. “Again, for shame! Is this what conservative principles are coming down to...?"
What Will the Next Gold Bust Look Like?
There have been four gold busts under the fiat dollar money regimes since the “freeing” of the gold price in March 1968. Will the current gold boom end in a similar bust?
