Mises Wire

The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal anti-nationalists at least had a fighting chance.

While libertarians like to think of political libertarianism as a peculiarly western concept, it turns out that classical Daoist thinkers wrote about state power in a way that would seem to channel none other than Murray Rothbard.

Many progressives believe that certain kind of speech, or what they call “hate speech,” should be subject to criminal penalties, including imprisonment. Murray Rothbard understood that such laws would destroy our very freedoms.

Investors are not abandoning dollars so much as they are abandoning fiat currency in favor of gold. Gold is rising as a share of reserves, but euros and yen are not.

The latest killing of a protester in Minneapolis by federal agents is reminiscent of the shooting of Vickie Weaver by a government sniper in 1992. In both cases, the government has refused to acknowledge wrongdoing and has engaged in legal coverups.

Historical data is not enough for economists to make sense of it. Instead, that data must be viewed through a theoretical framework that explains what has happened.

Conventional wisdom tells us the liberal democracies are the most peace-loving nations. But the record tells us something else.

Progressives sell state intervention into economic affairs as “protecting” consumers and workers. In all cases, free markets do a better job of protecting all participants.

Constitutionalism gives us the expectation of governance according to rules that everyone from those that are governed to the ones that govern are expected to obey. But what happens if those that govern exempt themselves from those rules?

Throughout history, Jews have been denounced as “moneylenders,” yet, as Carl Menger noted, there are very good reasons why Jewish people have been overrepresented in banking and finance.