Mises Wire

Tibor Machan, a leading libertarian philosopher, has died.

In an unhampered economy, we would measure economic progress by a need for fewer work hours and fewer jobs. In our mixed economy, it's impossible to say whether more jobs reflect an improving or a worsening economy.

Created by Paul Pope, a libertarian comic book writer also responsible for the critically acclaimed Batman: Year 100, Berlin Batman was an Elseworld tale published in 1998's The Batman Chronicles #11. The story involves young Baruch Wane, a wealthy socialite, who is tipped off that the police have just confiscated the library and works of Austrian economist Ludwig von Mises.

Should the government impose its own standards for certification for physicians? The short answer is "no."

The nullification of federal drug laws by Colorado, Washington, Oregon, and Alaska has for years been flipping the usual narrative on political parties in the United States.

Whenever government wants to raise taxes, it immediately threatens to cut the most popular government programs first, if it doesn't get its way. Thus, the governor of Louisiana says he'll cut LSU's football program.

Those who advocate equality of income distribution overlook the most important point, namely, that the total available for distribution, the annual product of social labor, is not independent of the manner in which it is divided.

Truly cohesive communities can only exist on a relatively small scale. Most people outside these groups will then be seen as "outsiders." Our goal must be to minimize conflicts with these outsiders, and voluntary exchange is our best option.

Pointing out the follies of Western foreign policy is not to apologize for Islamic radicals. It is simply to point toward a way that the West could make a positive impact in favor of ordinary Westerners right now, with the added benefit of being morally correct as well.

Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.