Mises Wire

In this week’s Friday Philosophy, Dr. David Gordon looks at philosopher Richard Miller’s stunning retreat from Marxism, the philosophy he espoused for most of his career.

Ignorance is treated as a reason to trust the state rather than a reason to withhold judgment about its exercise of coercion. To assume that the state’s unknown information is correct and justifying is therefore to err on the side of violence.

All this helps explain why yields on long-term bonds are now rising to some of the highest levels we've seen in nearly two decades.  

As the Iran war and other events challenge US hegemony around the world, reality is forcing Americans to rethink what they once took for granted.

Rainer Zitelmann, the erstwhile defender of capitalism, takes his defense out of this world as he examines capitalism and space travel. Lipton Matthews, in this review of New Space Capitalism, gives it a thumbs up.

The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.

During July, year-over-year growth in the money supply was at 8.62 percent. That's the largest growth rate in nearly five years. 

Modern civil rights laws and policies have made a large number of people better off. However, the beneficiaries are not the people that the civil rights establishment claims to be helping. No one understands this better than the great economist, Thomas Sowell.

Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.

When government regulates or produces electricity, it claims to act in the name of conservation, or preventing “profligacy” by customers. Yet, only free markets can decide what is “profligate” and what is not.