Mises Wire

By making paper money legal tender, the government shut the door on sound money. Repealing legal tender laws is the first step back to liberty.

Modern progressive political narratives depend heavily upon the misuse of words, changing their meaning in hopes that people will forget what they originally meant. Politics corrupts our very language itself.

The story of how the Pilgrims at Plymouth Rock abandoned the common labor system and embraced private ownership is well known. While at first it affected a small community, William Bradford’s decision in favor of private enterprise would have a wide ranging effect.

Although classical liberalism was imperfect, especially with its emphasis upon “limited” government, nonetheless, it provided at least a glimpse of a free society. We also should continue the heroes of classical liberalism.

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New York’s mayor-elect believes he can implement socialist policies through sheer rhetoric, as though mere words can make socialism work. However, economics involves real things and reality will hit New Yorkers soon enough, and they won’t like it.

The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring about socialism. Neither is true.

Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s demise, but anti-capitalist thinking still dominates among Portugal’s ruling elites.

Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward him.

While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.