Private Business and State Power in an Age of Bailouts, Censorship, and Easy Money
How can we determine if a private company is a true partner of the state—truly benefiting from state power—or if the private company is really a victim of the state?
Mises Wire
Higher Education’s Problems Began With the Federal Government’s 1965 Industrial Policy
Higher education has become unaffordable and its curriculums hopelessly politicized. We should remember that all of this is a result of programs developed more than a half-century ago to make higher education more accessible.
Equity, Racial Equality, and Wealth Redistribution
When modern progressives claim to support equity, what they really mean is the confiscation of wealth and transferal of private property to politically-favored groups. These policies have a sorry history from Reconstruction and continued through the 20th century communist regimes.
Cronyism in America
The US government has long pushed to establish government-sponsored cartels and monopolies that weakened free-market competition and enriched incumbent businesses, unions, and other interest groups.
Does Correlation Mean Causation?
Carl Menger wrote, “All things are subject to the law of cause and effect.” Unfortunately, modern academic economists all too often confuse correlation of economic phenomena with causality.
The Cultural Consequences of the Welfare State
The welfare state is supposed to signal the existence of the “compassionate” society that provides care for all. However, this “compassion” has resulted in the proliferation of social pathologies that undermine civilization itself.
The Elusive Meaning of Equal Opportunities
People claim to support “equal opportunity” over the idea of equal outcomes, but when one examines both concepts, it becomes obvious that neither is possible or even desirable. Murray Rothbard understood more than most that equality of opportunity is a chimera.
Trump’s Monetary Policy Favors the Wealthy over Ordinary People
Trump has tried to claim that he favors "Main Street over Wall Street." Unfortunately, by pushing aggressive low-interest-rate monetary policy, Trump has put himself squarely in the camp of “Wall Street over Main Street.”
Should Economists Champion Fed “Independence”?
As Trump challenges Powell and the Fed’s authority, Dr. Joe Salerno joins Bob to dive into whether "central bank independence" really protects the economy—or just shields elite power.
The Economic Fallacies Underpinning Hitler’s Disastrous Views
While focusing on the Holocaust, people often forget the economic fallacies of the Third Reich. Hitler‘s policies were based upon socialism and state control, and no regime can prosper under those conditions.
