Did the United States Have Only One Founder?
When most people speak of the founders of the United States, Thomas Paine rarely comes to mind. However, few men were more influential in rallying the American colonials to independence.
Mises Wire
What Happened to the Profit and Loss System?
Profits and losses play an important role in a free market system. However, as government intervenes to protect politically-connected firms from losses, the entire market becomes distorted and less reliable.
Donald Trump and the Mythology of Expert Governance
President Trump’s attempts to remake federal agencies has generated fierce opposition from progressives, who believe that government led by experts can solve most of our problems. Reality tells us something different.
The Short-Lived German Free Trade Movement
John Prince Smith, a British national who settled in Germany, led a free-trade movement in that country in the mid-19th century. Unfortunately, his movement ultimately was overpowered by the rise of Bismarck's Realpolitik.
How Democratic Socialism Inverts the Logic of Civil Society
Portrayed as a socialist system that is established through the democratic voting system and not imposed by revolutionary violence, democratic socialism leads to an ossified, bureaucratic, iron-fisted system.
The Venezuela Military Deployment Is about Cronyism, Not National Security
President Trump has deployed naval vessels off the coast of Venezuela, citing its escalation of the war on drugs. However, the true motivation for Washington’s involvement in the region is more likely related to disputed oil claims affecting well-connected energy companies.
Ending a War That Never Should Have Started
President Trump’s recent efforts to end the Ukraine War have been made more difficult because the EU, NATO, and the US government encouraged Ukraine to fight no matter what. The result has been a bloody disaster.
Democrats and Republicans Unite to Misuse Taxpayer Funds on Intercity Bus Subsidies
Who says Republicans and Democrats can’t agree on anything. They have both agreed to continue foolish and counterproductive subsidies for buses and other forms of inter-city public transportation.
What’s Good About Democracy?
Can a majority vote to end democracy? If it can, democracy would no longer exist. But if it can’t, then not all political issues are decided by majority vote.
Milton Friedman’s Guitar String Boom-Bust Cycle Theory
In an attempt to explain business cycles, Milton Friedman came up with a plucked-string analogy. Like all Monetarist theories, however, this also had fatal flaws.
