Mises Wire

Lew Rockwell revisits Justin Raimondo's great biography of Murray Rothbard. 

Politicians claim to support measures to make life more affordable for people, but the reality is that taxes are the number one expense for most people.

Proponents of high capital gains taxes believe they fall heavily upon wealthy investors, therefore, they are an act of justice. In reality, these taxes hinder capital formation and economic growth, and the harm falls mainly upon those who are not wealthy.

We often remember the thinkers who defended liberty when its prospects looked bleak, and for good reason. But we should also remember the people who supported them and made their work possible without knowing what would follow.

While socialists complain about AI, at least some believe that it can engage in economic planning, thus bypassing the Hayekian knowledge problem.

“Libertarian Realism” in foreign policy is based upon the interests of those who actually make policy decisions, as opposed to discussing abstract ideals of a false “national interest.”

For more than a century, the Supreme Court has tried to interpret equality before the law in different and conflicting ways. While the law can divide people, it cannot be the source of bringing them together.

There is no "trust fund" or contract. Social security is nothing more than a scheme to take money from current wage earners and hand it over to others. It is functionally a welfare program. 

What we often call pollution is really a property rights problem. 

Not all debt is equal. When lending comes from real savings, the economy benefits, but when it arises from government credit expansion, it usually ends in economic disaster.