Mises Wire

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!

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.

“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

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

In the face of an “invisible enemy,” many Western nations have implemented emergency measures that were once considered dystopian and wholly incompatible with liberal democracy. 

Instead of spreading “democracy” by bombing foreign nations, America will be spreading “health” by delivering vaccines produced by untouchable pharmaceutical conglomerates.