Mises Wire

“The critical point was, again the Middle Ages, and there you had an adversarial position between the church and the state that was, in fact, crucial.”

American history classes typically teach that the original transcontinental railroad was a major triumph. What they don‘t say is that it was a product of corporate welfare that created economic problems later on.

Despite Africa being the world‘s poorest continent, Western elites are still pushing African governments to divest of carbon-based fuels and turn to high-cost and ineffective “green” energy. This is a death sentence for many of Africa‘s poorest people.

Herbert Marcuse took pride in his dense, but incomplete writings on philosophy. Dr. Gordon examines Jacob McNulty‘s futile attempt to interpret the thinking of someone who supported Marxian socialism but never successfully explained it.

The most enduring economic myth of the twentieth century is the idea that FDR‘s New Deal pulled America out of the Great Depression. In truth, his policies destroyed the hopes of millions.

Organizations like the European Union and the United Nations are inventions of government elites and are designed to serve the interests of government elites. They centralize political power and do nothing to advance peace or freedom.

We’ve just released the first two video lectures in Jonathan Newman’s new online course based on Dr. Murphy’s Lessons For the Young Economist, on our recently refurbished Mises Academy platform.

Americans like to believe that the US is a wealthy, indestructible country, but as government debt piles up and inflation ravages the economy, perhaps they need to start worrying. Our present path is unsustainable.

The New York Times recently ran a detailed report on US involvement in the Ukraine-Russia war and—surprise!—the Biden administration regularly lied to American voters about the extent of the US military presence.

While monetary authorities and the government claim that they are “fighting inflation,” the truth is that inflation is an important tool for political and economic elites who are centralizing political life.