The Welfare State Did What Slavery Couldn’t Do
Thomas Sowell concluded that “A vastly expanded welfare state in the 1960s destroyed the black family, which had survived centuries of slavery and generations of racial oppression.”
Mises Wire
Howard Buffett: Against Legal Plunder
The commandment "Thou shalt not steal" was not to be abolished outright. That would offend too many. So the commandment was simply modified to "Thou shalt not steal—except by majority vote."
The EU’s Drive toward Political Centralization Will Doom Its Economy
Europe needs more than ever the principles that made it successful: decentralization, free trade, and sound markets.
We’re Headed toward Stagnation—Unless the Fed Reins In Its Money Printing
Eventually, loose monetary policy will damage real savings to the point that the economy can no longer sustain sufficient economic growth. At that point, it will become clear that money printing can't create economic growth.
MKULTRA and the CIA’s War on the Human Mind
Is the CIA a dastardly menace or a hotbed of horrible mistakes? If Stephen Kinzer’s new book is any indication, the answer is both.
Roosevelt’s Fraud at Yalta and the Mirage of the “Good War”
The fact that Yalta can now clearly be seen to have been a betrayal is another reason to be wary when pundits and talk show hosts jump on the bandwagon for the next killing spree abroad
Bankruptcies Rise Despite Trillions in New Liquidity
Liquidity only disguises risk; it does not resolve solvency issues driven by collapsing cash flows while costs remain elevated.
How Capitalists Improve Human Productivity
Capitalists, acting as intermediaries between present production and future consumption, are the key players in every capitalistic economy.
The Collapsing Universities—and What We Can Do about It
It is sad that the contemporary American university has sunk so low from the heights of medieval Oxford, Cambridge, Paris, and Salamanca. Fortunately, private alternatives are still available.
Human Diversity and Individual Instruction
One of the worst injustices committed by states is the prevention of parental teaching of their own children. Parental instruction conforms to the ideal arrangement. It is, after all, individualized instruction.
