MMT, Chartalism, and the Colonial Experience
The MMT crowd now claims that the monetary history of the US is an example of chartalism. US history is actually an example of the opposite.
Mises Wire
Homeschooling Is Our Best Defense Against the State
Homeschooled children are educated more effectively than public school students and at a fraction of the cost of public education. Naturally, the government wants to destroy it, with Illinois currently leading the anti-homeschooling mob.
How War Propaganda Has Fueled American Foreign Policy for a Century
Isn’t it funny how, with the possible exception of Vietnam, all of America’s wars have been justified and have been right and good? What are the odds?
Congress Should Abolish the Fed for Failing to Achieve Its Mandates
Following World War II, Congress imposed mandates on the Federal Reserve in the areas of employment, inflation, and interest rates. Not surprisingly, the Fed has failed in all three areas. It is time to recognize failure and abolish the Fed altogether.
To Make Flying Safe, Make Air Traffic Control a Profit-Seeking Business
With the recent collapse of air traffic control systems at Newark International Airport, air safety again is in the news. The problem is that the US ATC system is run on socialist principles. To fix this problem, turn to private enterprise.
How Trump Can Lower Drug Prices Without Price Controls
While Trump has not yet turned to price controls to address America‘s absurdly high drug prices, Monday‘s executive order suggests that he soon may.
USAID’s Legacy of Failure
Progressive supporters of USAID claim that the agency does vital work overseas to provide medical care and other necessities for the poorest of the poor. Yet, a careful look at its record reveals that USAID often is a hindrance to the very people it claims to help.
Tariffs Won’t Ever Be “Optimal”
Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, Americans have the upper hand in trade because they can run large trade deficits due to the status of the US dollar as the world‘s reserve currency.
How Trump Can Lower Drug Prices Without Price Controls
While Trump has not yet turned to price controls to address America‘s absurdly high drug prices, Monday‘s executive order suggests that he soon may. Price controls would only worsen the problem with the drug market. Here are three things he can do instead.
The Classical Liberals Were Radical Opponents of War and Militarism
Extolling peace has characterized the classical liberal movement from the eighteenth century, at least from Turgot, on through the nineteenth century to Ludwig von Mises.
