Mises Wire

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Hayek once remarked, “If socialists understood economics, they wouldn’t be socialists.” Building on this, if socialists understood socialism, they wouldn’t be socialists.

Lower interest rates can help promote economic growth—as long as those rates are determined by the market and not by political edict.

A common objection to anarcho-capitalism is that only the state can offer workable defense services to people through police and the armed forces, as private defense agencies would have an incentive to be at constant war. This objection, however, is not valid.

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Part of Hitler’s plan for Germany was to clear lands to the East with ethnic cleansing so Germans could have their infamous lebensraum. Yet, Ludwig von Mises in his Omnipotent Government also understood that Hitler’s plan for autarky also played a major policy role.

“Hate speech” does not exist. At all. That’s a concept the Left invented to justify state-enforced censorship of speech the Left doesn't like.

When we speak of “justice,” how does one define it? More importantly, what is the authority by which justice is defined? Murray Rothbard believed that law and justice were derived from natural law, not the edicts of the state.

Dr. Gordon dissects Kenneth R. Minogue’s The Liberal Mind. While Minogue has some interesting arguments, his view of rights conflicts with the views of Murray Rothbard.

Thanks to massive economic intervention by South Africa’s government, both crime and poverty are soaring as the society slowly implodes. Police protection is almost nonexistent, so many South Africans are turning toward private security as an alternative.