Mises Wire

Hyperinflation has been a scourge throughout history. Professor Mark Thornton has found even more episodes of hyperinflation that have happened over the past several centuries.

In the so-called world of strategic alliances, things often are not what they seem to be. It is that way with the Islamic State or ISIS, which supposedly is a deadly enemy of Israel. However, Israel has a symbiotic relationship with Jihadist groups that we cannot ignore.

The term “States’ Rights” is interpreted in many ways, but it refers to the separation of powers between states and the federal government. It is seen as one tool used to limit the powers of the central state.

Although some scholars have labeled the early Ming Dynasty as a proto-liberal state, they are mistaken. The Ming governance at that time was weak, not limited by law and ideology.

Economists consider probability to be central to economic analysis, but, as Ludwig von Mises wrote, economic action involves unique and purposeful events, not random ones.

Inflation is a government tool used to confiscate wealth from ordinary citizens and transfer it to government agents and others who are politically connected. That most Americans believe inflation is caused by greedy business owners shows how successfully the government covers its tracks.

The original 13 British colonies that made up the early United States had very different populations with decidedly different political and social outlooks.

Every lover of liberty should have a good reading list that promotes freedom. At the same time, one should develop the discerning eye to recognize statist language and to reject it.

In this week’s Friday Philosophy, Dr. David Gordon reviews Bruce Goldberg's Why Schools Fail and finds much to like. Not surprisingly, elite progressive “experts” have ruined education just as they have ruined just about everything else.

As Murray Rothbard warned decades ago, government-sponsored science is simply an extension of the bureaucracy used by the regime to force its policies on others. This is not an accident or anomaly; it is how government works.