An Autoethnographic Account of the Free Market: My Father
Autoethnographies place the self within a social, historical context. In this one, Michael Rectenwald approaches the free market from the standpoint of his own experience.
Mises Wire
Self-Interest versus Racial Solidarity
Modern-day race theories—much like the standard racist theories of the past—assume that racial solidarity ought to be the overriding factor in all human behavior. Experience shows this is not at all always the case.
Due Process on Campus Keeps Justice on the Streets
The reality in colleges today becomes reality on the streets tomorrow. The privileged treatment of women under Title IX has had profound implications for campus sexual misconduct hearings that threaten due process for all.
An American Classical Liberalism
Today's conflicts revolve around the desire to grab hold of someone else's property using the tool of compulsion that is the state. Would we be more peaceful and prosperous if it followed the liberal program? The question answers itself.
The Fed Embraces Its Inner Zimbabwean
With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe's playbook.
Three Reasons Why the Biden Tax Increase Makes No Sense
Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.
Monetary Pumping and Idle Resources
A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings.
What Happens When Governments Force Corporate Boards to Appoint More Women
Recent legislation in California mandates more women on corporate boards. This is supposed to shift the balance in corporate America in favor of female employees and managers. It doesn't seem to be working.
Decentralization, Absolutism, and the Papal States
The Papal States offer a helpful case study in understanding the transformation of Europe in the nineteenth century. Unfortunately, Kertzer's study on the topic is couched in faulty notions of enlightenment and medievalism.
The Ruling Class Only Cares about Democracy When It Helps Them
Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections.
