Hayek on the Difference between Science and Scientism
Modern progressive governance claims it has science on its side. Hayek‘s Nobel speech punctured that viewpoint.
Mises Wire
Secession: Why the Regime Tolerates Self-Determination for Foreigners but Not for Americans
Self-determination means the ability to make laws for one's own community free from intervention by Washington, DC. Most of the world can do this. Why can't Americans?
History Shows High Inflation Can Last Over Ten Years
Wall Street has convinced itself that the Fed will soon engineer a "soft landing" by bringing down inflation without an accompanying recession. They need to rethink their beliefs.
Forget Oil. Now They Are Coming for the Cows
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.
Student Debt: It Is and Has Been a Personal Choice
Progressives demanding that the government forgive student debt forget that student loans were made voluntarily by students that promised to pay back what they owe.
Why Central Banks Will Choose Recession Over Inflation
The “gas-prices excuse” for inflation will evaporate, and that will be the key test for central banks. The “supply chain excuse” has already disappeared, as has the "transient inflation" claim.
The Economic Super Bowl: 1920–21 versus 1930–31
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?
Global Rate Hikes Hit the Wall of Debt Maturity
For decades, central banks have encouraged ever larger mountains of debt. But now the debtors face big problems as interest rates rise. Families and small business will pay the price.
You’ve Got to Be Kidding: Professor Demands Animals Stop Eating Each Other
University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.
The Tea Party, Fifteen Years Later
Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised.
