Mises Wire

The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available.

Murray Rothbard died more than a quarter century before the outbreak of the covid mania and tyranny, but if he were alive today, he wouldn’t be surprised to see that the most common resistance at an institutional level comes from churches.

This new primer will be a short but devastating summary of real economics for the intelligent lay reader. The laws of economics cannot be ignored forever, and only the Austrian school provides the rational explanation for how and why the current interventions must unravel. Help us publish this book!

The problem with the European Union is not that it seeks to integrate Europe's economies. The problem comes from attempts to integrate politics as well. 

If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government.

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.

The covid vaccine experience in Israel shows that one death is prevented for every 26,000 vaccine jabs, at a cost of $1 million. A single hospitalization is prevented with every 5,000 jabs, at a cost of $160,000 each. 

Murray Rothbard didn’t need to explain to me on the bus why East Berlin, the so-called Paris of Eastern Europe, was a broken-down dump. He already had explained it to me in his numerous writings.

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

Perhaps Murray’s greatest virtue was his genuine and abiding intellectual humility.