Understanding the Doctrine of States’ Rights
What do we mean by “states‘ rights”? Mises scholar, Wanjiru Njoya, takes us through the discussion to show us how different people have tried to define and explain that term.
Mises Wire
The Questionable Role of Quantitative Methods in Economics
Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.
Selling the Public Lands
Some in Congress are floating the idea of selling government land—especially in the West—as a way to pay down federal debt and free more land for housing. While this might seem like a free market “solution,” we should remember that the government is a rapacious monopoly.
Austrian Economics in the Age of MAGA
The right dismisses economics at its peril.
The Economic Success of Singapore and Hong Kong
While it is tempting to see the economic success of Singapore and Hong Kong as similar, there really are stark differences between them. Hong Kong has developed through laissez-faire and entrepreneurship while Singapore is much more state directed.
Understanding the Causes of Lincoln’s War
Why did North and South go to war with each other in 1861? The standard narrative is that slavery caused the war while more thoughtful people realize that the causes are much more complex than the simple “slavery existed” narrative.
An Actual Plan to Close the Fed and Tie the Dollar Back to Gold
Bob provides a detailed, realistic plan for abolishing the Federal Reserve and returning to a stable, gold-backed monetary system.
The Axiom of Action and the Inescapability of Liberty
Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.
The Invasion of the Spatializers
Jesús Huerta de Soto has published a series of lectures on Austrian Economics, and Dr. David Gordon in Friday Philosophy reviews his Lectures in Austrian Economics, Volume 1. Dr. Gordon is especially interested in how de Soto deals with time.
In Their Own Words: Revolutionary Voices on Inflation
This article is dedicated to some of the quotes, especially from key participants and primary sources, about inflation and its consequences during the American Revolution. As usual, war led to inflation, which in turn facilitated war, and both contributed to centralization.
