Price Inflation Rose in June to a Five Month High—But Don’t Blame Tariffs
Price inflation is moving up again, despite President Trump's repeated (and false) claims that prices are falling. Tariffs, though, are not the cause.
Mises Wire
Why Hayek Rejected “Mere Legality”
A government that rules by imposing politically-oriented statutes upon its citizens cannot lay claim to governing by “rule of law.” Hayek understood that claiming “legality” to anything the state does is a sure road to tyranny.
3 Central-Banking Myths that Fed Critics Believe
There are many reasons for disliking the Federal Reserve. However, many critics of the Fed attack the Fed for the wrong reasons.
The Guillotine and the Lyre: What Andrea Chénier Reveals about the French Revolution
The poet, the opera, and the Terror: when art dares to confront the violence of power. How one artist portrays the French Revolution and the political terror it unleashed is a grim reminder of what today's Bastille Day celebrations ignore.
Do Financial Markets Operate Upon Superior Knowledge?
The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.
A Comprehensive Case for Ending the Fed
Bob dismantles the arguments supporting the Federal Reserve and presents a clear strategy for its abolition and replacement.
Texas Flood Debacle a Predictable Result of 98 Years of Government Flood “Control”
Lives will continue to be lost in Kerr County, Texas if Texas’s political leadership and citizens believe river alarms will assure safety from flood waters that can rise dozens of feet in minutes in the middle of the night.
Debunking the Myth of “Market Fundamentalism”
Critics of free markets such as Oren Cass claim that Austrians and other supporters of the free economy are engaged in “market fundamentalism.” However, support for free markets is not an act of blind faith but is based upon understanding of how markets actually work.
Social Engineering under the Fourteenth Amendment
Murray Rothbard called egalitarianism a “revolt against nature,” and he believed that the egalitarianism inherent in the Fourteenth Amendment was socially harmful. Social engineering never turns out well, but that doesn‘t discourage progressives from engaging in it.
The Forces of Centralization and the Struggle for Freedom
Throughout history, decentralization and secession have helped pave the way for more individual freedom. Naturally, political elites want to centralize everything, thus setting off the eternal battle between centralizers and decentralizers.
