Mises Wire

While searching through my apartment after a tragic fire, under soot and ash, I found these “lost” Rothbard lectures, recorded at NYU in 1979 and 1980.

Neither loose monetary policy, nor big-spending fiscal policy can grow an economy. All that these policies can do is to redistribute a given pool of real savings from wealth generators toward non-wealth generating activities.

The classical economists were also nationalists, and they viewed free trade as one of the most important means for advancing the security, prosperity, and cultural achievements of their own nations.

The Puritan impulse for social reform produced social control that has been secularized, centralized, and has achieved a kind of permanence within government bureaucracy.

The old American way of doing things came to an end with the 9/11 attacks. At that point, the national-security branch of the federal government adopted many of the same powers as the Chinese communist regime, and without any amendment to the Constitution.

The length, scale, and scope of such downturns are greatly expanded under a system of fiat credit expansion.

The big differences between the economies of Ireland and Portugal illustrate how the eurozone's design just doesn't fit with modern economic realities.

One group uses natural resources to increase human wealth through peaceful means. And then others use the power of the state to steal some of that wealth for themselves.

Democratic socialists are committed to destroying the voluntary and naturally-occurring relationships that develop in the marketplace among consenting human beings. They do it through relentless wealth redistribution programs.

The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.