Mises Wire

When I feel the hand of power lie heavy on my brow, I am not the more disposed to pass beneath the yoke because it is held out to me by the arms of a million men.

Rawls claims equality is the default position and any departure from it requires justification. This is a trick that slants the debate in Rawls's favor. Anthony Flew didn't fall for it. 

If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion. 

The feds claim the chicken industry is trying to exploit the consumer. Yet several decades ago, chicken was more expensive than beef, but thanks to industry efforts, chicken is exceptionally affordable now.

Is it still possible to "rouse the masses of people against the elites that are looting them" in effective numbers? As late as 1992, Rothbard thought so. And he had historical examples on his side. 

Private property is not a privilege merely of the property owner, but a social institution for the good and benefit of all, even though it may at the same time be especially agreeable and advantageous to some.

Here's one scenario the markets perhaps have yet to consider. Thanks to the Twentieth Amendment, it's possible to end up with Pence winning the White House and Harris becoming VP. 

The fact that some Americans supported slavery in the eighteenth century is not at all remarkable. Most of the world agreed with them. What is remarkable is that many of them sought to abolish slavery in the new republic.

It’s not enough to evaluate the short-term consequences of a policy for one small group. If you want to know the long-term consequences or the real consequence of it, you look at the long-term effects on everybody.

With new legalization measures coming to the ballot box, voters have the opportunity to take steps that would reduce the drive to make drugs stronger and more potent, and more deadly.