Mises Wire

Murray Rothbard’s system was built upon the natural rights of individuals, and tying liberty to property and ownership, not collectivism.

Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime's commitment to easy money. 

All aboard! Government policies are moving us down the tracks into proverbial political perdition. This is a ride many of us would rather not be taking.

The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.

For more than two centuries, the doomsday crowd has claimed that capital development will create mass unemployment. And for two centuries, they have been wrong. The same goes for artificial intelligence.

Issues of homelessness and vagrancy in public spaces and on public transportation are made worse because government ownership of the property does not allow for exclusion. Instead, we get the “tragedy of the commons.”

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.

Conflicts are not inherent in the operation of an unhampered market economy. There are conflicts between citizens because the government steps in and gives special privileges to some and not to others.

Do we have free will? Do only a few of us have free will? Does anyone have free will? Thomas Pink tries to answer those questions, and Dr. David Gordon examines his explanations in this week’s Friday Philosophy.

Thanks to massive government intervention, modern capitalism hardly reflects the free market economy built up by entrepreneurs. What matters now in the business world is the access to those with political power.