Mises Wire

Your support helps us continue to make the sound economic principles of Mises, Hazlitt, Hayek, Rothbard, and Hoppe free to the world at a time when they are needed more than ever.

In real life, the labor market includes government employers. So the fundamental question is whether or not a laborer can morally seek out the highest wage offered by all employers.

The debt ceiling served an important historical purpose. It continues to serve this purpose today. Raising it without limit is not necessary and is a dangerous precedent.

When someone is exposed to the ideas of Mises, Rothbard, and the Austrian school, there is no looking at the world the same way again. Help us spread the word!

Data analysis can establish some information about correlations. But good thinking about causation only comes from sound logical economic theory. 

“Covid,” “global warming,” “overpopulation,” “domestic extremism”—the crisis may change, but the playbook remains the same. But we can change the outcome.

Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. 

Just as Mises warned, interventionism succeeded where communism failed, successfully toppling governments around the world that never had true respect for property rights.

"American media are divided into “respectable” and “non-respectable” media. Respectable media, which are the only ones that are read by the American political elite, and presumably are all that filters down to European readers, are completely biased in favor of social democracy." — Murray Rothbard, 1992

The crisis may change, but their answer will remain the same: the sacrifice of our freedom to the whims of would-be central planners. We must keep lit the torch that Ludwig von Mises has passed down to us.