Mises Wire

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.

Although New York mayoral front-runner Zohran Mamdani has made some very popular promises, his litany of free stuff will run headlong into economic reality soon enough.

 The natural law is, in essence, a profoundly “radical” ethic, for it holds the existing status quo, which might grossly violate natural law, up to the unsparing and unyielding light of reason.

As both left and right throw freedom and free markets over the side, we remember that there still is a remnant that understands why these things make for a good society. Albert J. Nock eloquently reminds us of what we are losing.

Total job gains have now averaged a paltry 29,000 for the past three months. The job growth we do see is part-time work.

Red + green = brown. Mark Thornton shows how towering debt and easy money set the stage for hyperinflation.

The “woke left” and “woke right” are lumped together as two types of “woke.” But it is intellectually lazy and obscures truth to identify all opponents as the same because of superficial similarities.

In this week’s Friday Philosophy, Dr. David Gordon reviews Liberating Liberty; Life, Liberty, the Pursuit of Happiness and the Creator of Man by Bert Schwitters, praising the author's insights into the founding of the United States.

After being bamboozled by the fake crisis of “overpopulation” for a half-century, the nations with advanced economies are coming to grips with the “birth dearth” problems ahead of them. Not surprisingly, governments are compounding their earlier anti-population errors.

While libertarians, and many conservatives, often rightly discuss problems of government intervention, there is a counterintuitive category where the government simultaneously monopolizes, taxes, and refuses to provide promised services.