Mises Wire

While collectivism was implied in Sismondi’s idea of a “general interest,” Owen and Fourier offered the first formal expression of full socialist collectivization.

Family policy has become an important area of ​​state growth in recent years. In the past, various state interventions served to protect the family (tax privileges, child benefits, etc.), but today’s politics are almost exclusively harmful to the family.

Our government is forever whining about, threatening against, high drug prices. Our pharmaceutical industry is “fighting” the Chinese in this economic “war” with both its hands tied behind its back.

Henry David Thoreau left behind many great admonitions. Alas, philosophical gems are not legal tender when rent is due.

There are at least four good reasons for removing Wilson’s name from Princeton buildings—racial bigotry, his embroiling the US in World War I, his founding of the Fed, and his enactment of the US income tax.

The Supreme Court this week limited a state government's control over what is supposed to be a sovereign Indian tribe. The next step lies in limiting federal control over the tribe also. 

In order to produce capital goods, and hence more consumer goods, we must first forego current consumption. That is, we must save now to have more later.

Ultimately, the case for equality doesn’t amount to more than “You must believe in equality—because you must!”

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

EU membership is a sort of bait-and-switch for states that were sold on membership as an opportunity to join a free trade bloc and a chance to participate in a more cooperative Europe.