Stop Saying “We’re a Republic, Not a Democracy”
Madison's ideas of "democracy" and "mob rule" apply to no regime today, and no modern self-styled "democracy" fits Madison's definition.
Mises Wire
Obama Administration’s Bank Regulation Still Widening Gap Between Rich and Poor
Few presidencies have ever done more to widen the gap between rich and poor than Barack Obama.
How Defense-Contractor CEOs Get Rich on the Taxpayers’ Dime
When someone in DC wants more money for the troops, just remember that what they’re actually talking about are troops of overpaid defense contractors.
Can Gradual Interest-Rate Tightening Prevent a Bust?
Tightening the money supply "too fast" is not what causes economic busts. Creating money "out of thin air" is the real problem.
The Bolshevik Great Experiment: 100 Years Later
So as we come to this particular grim centennial, we do well to examine the causes and repercussions of the Bolshevik Revolution.
The Swamp Wins: Trump Nominates Powell to Replace Yellen
In the end Donald Trump gets what he wanted, a “low interest rate person” who also happens to be a “Republican.”
Don’t Trust the US Government on Missile Defense
The US state is empowered by the idea that it can wage wars at will without the American domestic population facing any risk of retaliation.
Mexico’s Disastrous War on Drugs
Ordinary street gangs could never ascend to the levels of criminality made possible by the US-sponsored drug war in Mexico.
Can the Feds Prosecute Foreigners if Their Actions Are Legal Where They Are?
This is all about power and the fiction of universal jurisdiction — a fiction the Framers thought they had buried.
Mises as Social Rationalist Pt VI: Social Evolution as Ideological Struggle
The course of social evolution and the fortunes of humanity are inextricably bound up with the fortunes of the ongoing ideological struggle.
