Mises Wire

Warren Buffett is well-known for his investment acumen, and he often makes public statements in favor of capitalism. But his loyalty to the fiat monetary system undermines everything else that he claims to represent.

Patrick Newman joins Bob to discuss Simon Kuznets’ role in developing GNP and GDP metrics and Kuznets’ concerns over how government spending is accounted for in economic statistics.

Richard Cobden was a British champion of laissez-faire who served in Parliament. While there, he led to successful campaign to repeal the Corn Laws, which led to British free trade.

While Ben Bernanke has accused free market and sound money advocates of pursuing “discredited” systems, he and his lieutenants were following a truly discredited way of thinking: socialism. The man who supposedly “saved the world” actually destabilized it.

This week, David Gordon draws insights from The Struggle for Liberty: A Libertarian History of Political Thought—a new Mises book that adapts Raico‘s lecture series into a footnoted, annotated volume.

Western elites repeatedly call for “reparations” payments to former Western colonies ostensibly to lift them from poverty. By turning these countries into large welfare recipients, these elites perpetuate the very poverty they claim to decry.

Lack of products that precisely match skin tones are often said to be evidence of “white privilege,” yet the market division of labor provides the basis for very specific goods and services.

It's been five years since the covid lockdowns of 2020. Ryan and Tho take a look at the lessons we learned about the regime, medical staff, and libertarians during one of history's biggest abuses of state power.

Britain‘s new populist party, Reform UK, has done well in the polls but is embarking on head-scratching proposals to deal with energy issues. Instead of pushing market reforms, RUK is proposing a mix of subsidies, taxes, and prohibition to respond to high energy prices.

An enduring myth among American historians is that President Hoover‘s response to the Depression was to let the free market work. This is totally false.