Mises Wire

President Trump’s latest national security initiative is unlikely to make the US secure from outside danger. For that matter, Trump’s own internal policies are making this country less secure.

Ever since independence more than 40 years ago, Zimbabwe has been wracked with socialism, inflation, and corrupt political leadership. Yet, there is a way forward for the nation, if Austrian Economics can be in its future.

Depending upon the narrative, American Indians were either noble creatures who were victims of a genocide by rapacious European settlers or were bloodthirsty savages. The truth is more nuanced.

In this week’s Friday Philosophy, Dr. David Gordon assesses the “libertarian” foreign policy prescriptions of Murray Rothbard and David Freidman. Naturally, Rothbard’s view—built upon principles of natural law—stands above Freidman’s less-principled “pragmatism.”

From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it deserves.

Demands for Americans to pay reparations to descendants of chattel slavery in America have been growing. The case for reparations, however, has always been weak and illogical.

A wearisome part of modern life is the incessant chants of “doomsday” from intellectual, academic, political, and media elites. That their six decades of predictions all have been wrong only leads them to double down on the volume of their claims.

In the wake of WWI, Pope Pius XI reminded his readers that governments instituted by men can never be perfect, and they cannot even be good if they neglect natural law.

As government continues to engage in reckless actions from inflation to starting wars, people develop shorter time horizons, creating social vacuums. Increased gambling and other irresponsible behaviors then fill the void.

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