Mises Wire

"Since we were not able to have a new economic era in reality, we insisted on having it in appearance. So we raised nominal wages and incomes; but we paid them in a fictitious money..."

With American intervention in Venezuela, some are claiming that the Trump administration is simply invoking the Monroe Doctrine, or its corollary, the “Donroe” Doctrine. In reality, neither doctrine is an appropriate reason for US military intervention in Latin America.

Whatever advances Great Britain made during the Margaret Thatcher years have long been reversed as the UK finds itself in decline of its economy and social fabric. Big government, once again, is the culprit.

In his inaugural speech, New York Mayor Zohran Mamdani declared an end to “rugged individualism” and the embrace of “the warmth of collectivism.” New Yorkers are about to find out that collectivism will not produce what they need to have better lives.

The present monetary inflation without break is the longest on record. So, it's difficult to know how the current inflationary boom will finally unravel. But there are clues. 

The new “Donroe Doctrine” that is used to justify the US invasion of Venezuela is in line with how the state seizes power and then finds ways to justify actions that are unjustifiable.

The Austrian School of economics isn’t a 20th century or even 19th century creation. Instead, Austrian economics is rooted in the logical thought, as developed by Aristotle and Thomas Aquinas.

The Trump administration wants Americans to believe that this latest intervention into Venezuela was a quick and definitive success. But, given enough time, there is essentially no way this can go well.

The Ken Burns theme that the creation of the US Constitution saved this country from “chaos” exaggerates the difficulties the new nation faced under the Articles of Confederation and fails to comprehend where the Articles were successful.

Donald Trump’s war against Venezuela is truly a racket, as it looks to be little more than an attempt to loot the nation of Venezuela’s natural resources in the name of “liberation.”