Economic Theory Begins with Human Action, Not Data Sets
Austrian economics begins with logical deductions made from what we know about human action, not data sets that are subject to change.
Mises Wire
Reckless Associations: The Ruling Class Creates New Legal Theory to Stifle Free Speech
The war on free speech has been given a boost by a new legal theory called "reckless associations," the "leaders" of an association that allegedly harms someone else are declared liable for that harm.
Elon Musk Bought Twitter, and the Pundits Sure Are Mad
Elon Musk just bought Twitter, and Twitter's most active users—a group composed largely of mainstream journalists—can't stand the idea that a social media platform might actually tolerate dissenting voices.
Postcovid America: Racked by Inflation, Americans Pay Too Much for Drugs
The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.
It Is Time To End the Fixation with Federal Law Enforcement
For many years, conservatives have held the FBI as being nearly infallible. It is time to rethink this devotion to a federal agency that pursues its own political agendas.
Reparations for Government-Imposed Property Theft Are Justified and Necessary
Reparations is a buzzword in the present political climate, but most plans involve an expansion of the welfare state. But there is a form of reparations that is legitimate.
Disney’s Corporate Welfare Is Modern Mercantilism
Disney's special legal status in Florida is reminiscent of the mercantilist corporations of old. They were granted favors at the expense of ordinary businesses who did not enjoy the favor of state officials.
There’s a Reason George Washington Warned against “Entangling Relationships”
America's Cold War relationships have created conditions for very hot wars to take place. The current war in Ukraine is part of that sorry Cold War legacy.
Expect Washington to Throw a Fit over China’s New Deal with the Solomon Islands
Washington regards the entire world as its "sphere of influence." But now Beijing is looking to follow the US playbook on hegemony and expand Beijing's network of military bases abroad.
Do Conspiracies Really Exist? Murray Rothbard Thought So
The quickest way to discredit an intellectual opponent is to accuse that person of being a "conspiracy theorist." But what happens when real conspiracies occur?
