Mises Wire

Mussolini: “The fascist conception of life stresses the importance of the State and accepts the individual only in so far as his interests coincide with the State."

In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.

Frederic Bastiat was a well-known and eloquent defender of liberty and free-market economics. He also was a devout Catholic who looked to tie his faith to his economic and political beliefs.

As Murray Rothbard often noted, freedom of association is a fundamental right, what he called a “subset of private property rights.” Unfortunately, our modern cancel culture has taken aim at this right, taking away the voluntary nature of human interaction.

America is always on the verge of finally having "honest government." Of course, what passes for “honest government” is a government that efficiently takes wealth from productive people and transfers it to those who are politically-connected.

One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—comprehend that it even exists. 

As real wages decline and middle-class savings are depleted, the government expands its influence, garnering support from a substantial portion of the populace.

The Old Right was a principled band of intellectuals and activists, who fought the “industrial regimentation” of the New Deal. They loathed tariffs and saw protectionism as a species of socialist planning.

Progressives claim that the state grants us our rights, and that liberty can flourish only in the presence of a powerful state. The truth runs in the opposite direction.