Mises Wire

Historian Ralph Raico, who is well-known in Austrian circles, wrote that Lord Acton believed that principles of liberty came from religious roots, and especially the Catholic faith.

The Trump administration’s recent moves to take equity positions in Intel and MP Materials undermines the free market system and will create economic harm. 

Since becoming president, most of the actions taken by President Trump have been anti-economic growth, and the US economy now is sputtering. Unfortunately, Trump seems to believe that a combination of trade restrictions and inflation is what the economy needs.

It turns out 2024's jobs data was very wrong. Central planning has always been a fantasy, and its even more fantastic when the government statistics are so thoroughly wrong for so long.

Are tomatoes fruits or vegetables? Believe it or not, the US Supreme Court ruled on that question in 1893 in order to settle a tariff dispute over importation of tomatoes.

Like the Happy Days program that could not be saved by Fonzie’s waterskiing heroics, Intel will be made even weaker in the aftermath of its equity deal with the Trump administration.

Senator Tim Kaine’s definition of “rights” as things created by government and human law is extremely dangerous because a government that creates rights can also abolish them.

While the libertarian tradition of Murray Rothbard has supported individual rights, the modern idea of civil rights and the laws behind them are a different matter altogether.

Government not only has a monopoly on law enforcement and “justice,” but it also protects that monopoly against anyone who might seek justice outside the purview of the state. 

Austrian economists differ with the economic mainstream in many ways, but the break on utility theory is especially critical in understanding the split between the two schools of economic thought.