Beware, Dissenter to the Monetary Regime

    In a cry of desperation, Tim Duy takes to Bloomberg to warn the world about the possibility of “hard-money” advocates getting into the Fed. Why, there’s potential that new Fed governors might not be “divorced from political pressures.” Wouldn’t that be a radical shift. The hilarity of this […]

The Cultural Background of Ludwig von Mises

    Formerly only available in PDF format, Erik von Kuehnelt-Leddihn’s timeless essay “The Cultural Background of Ludwig von Mises” is now available in HTML making it much easier to use on your mobile devices. This essay not only provides some background on Mises himself, but also gives the reader a […]

Trump Cuts Subsidy to Real Estate Industry, Opponents Call It a “Tax Increase”

A A Tags Home | Feed | Blog.rss Taxes and Spending Trump Cuts Subsidy to Real Estate Industry, Opponents Call It a “Tax Increase” Monopoly and CompetitionPolitical Theory 0 Views Among the many new directives and executive orders already issued by the Trump administration is a little-noticed order to halt […]

What the Tobacco Industry Did for Women

  Did you ever see a woman light a cigarette and thought to yourself “What a provocative example of moral decay!”? That’s likely not to be the case, but only because you weren’t born in the 19th century. The fact that your favorite Western movie doesn’t show women smoking tobacco is actually historically accurate: women weren’t […]

Steve Mnuchin Defends the Myth of Fed Independence

Tags A A Home | Feed | Blog.rss The Fed Steve Mnuchin Defends the Myth of Fed Independence 0 Views One of the biggest surprises during Donald Trump’s unconventional presidential campaign was his frequent criticism of the Federal Reserve. Though he was highly inconsistent on what he thought the Fed […]

Conceived in Liberty: The Medieval Communes of Europe

A A Tags Home | Feed | Blog.rss World History Conceived in Liberty: The Medieval Communes of Europe Philosophy and MethodologyPolitical Theory 0 Views This article was translated by Bernardo Ferrero, from the original Italian.  The Omnipresent Law of Escalating Power: As True as the Law of Gravity From the […]

Trump Readies a New Pentagon Spending Binge

Tags A A War and Foreign Policy Home | Feed | Blog.rss Trump Readies a New Pentagon Spending Binge Political Theory 0 Views 1 hour ago Chinese Billionaire Jack Ma has some advice for the US government: If the US is so concerned about industry and jobs, it should try […]

The US Navy: A History of Waste and Corruption

      The growth of US military power has rarely, if ever, been the result of legitimate concerns about defensive strategy, let alone about the national welfare. Instead, it’s more often a consequence of a waste, corruption, and imperial ambition that together have produced the modern military-industrial complex. This […]

Can Technology Prevent a Recession?

    The world has come a long way since the heady days before the Great Depression of the 1930s. Technology, for one thing, has meant vast changes to our way of life and indeed to significant improvements in our economic productivity. Indeed, it is sometimes argued that these technological […]

Free Trade versus “Free Trade”

  NPR featured an unintentionally funny piece this morning on Donald Trump’s views toward the EU and free trade. The guest, former US ambassador to the EU Anthony Gardner, rightfully criticized the president’s view that “protection will lead to great prosperity and strength,” and called for continued global engagement by […]

The DEA: A Good Place to Cut the Federal Budget

A A Tags Home | Feed | Blog.rss Legal SystemU.S. History The DEA: A Good Place to Cut the Federal Budget Political Theory 0 Views The US government’s efforts against illicit drugs have finally run their course. With over one trillion dollars wasted over the past several decades and nothing […]

The Bank of England and the ECB Have a Credibility Problem

A A Home | Feed | Blog.rss The Bank of England and the ECB Have a Credibility Problem 0 Views Mainstream media are worried about 2017 shocks. So they should be. If you had gambled a pound (or euro) this time last year on a triple accumulator; Leicester City to […]

Week in Review: January 21, 2017

Tags A A Free MarketsWar and Foreign Policy Home | Feed | Blog.rss Week in Review: January 21, 2017 Political Theory 0 Views 22 min ago America has a new president, but will the new boss be the same as the old boss? Already we’ve seen the GOP embrace the […]

Spanish Courts Don’t Have Any Respect for Freedom of Contract

Tags A A Home | Feed | Blog.rss Legal System Spanish Courts Don’t Have Any Respect for Freedom of Contract 0 Views The Spanish banking sector is getting used to judicial setbacks. Unfortunately, they’re not the sorts of setbacks we’d like to see. This could have been an article on the elimination […]

What Trump Could Do

  Today Donald Trump becomes the 45th president of the United States. American voters rejected the devil they know so well — Hillary Clinton — for the devil they don’t. Why they did so, and how Trump prevailed, is the biggest political story of our age. But the rejection of […]

German Inflation Anxiety Could Bring an Election Shock in 2017

A A Tags Home | Feed | Blog.rss Money and Banks German Inflation Anxiety Could Bring an Election Shock in 2017 Money and BankingPolitical Theory 0 Views The ECB’s increasingly shrill mantra that it makes policy for the monetary union as a whole and not for its largest member (Germany) […]

Must Libertarians Be Individualists?

Tags A A Home | Feed | Blog.rss Must Libertarians Be Individualists? Philosophy and MethodologyPolitical Theory 0 Views One of the most common criticisms of liberalism — also known as libertarianism and the often-pejorative and vague “neoliberalism” — is that liberalism is extreme in its individualism. That is, its critics accuse liberalism […]

The Failures of Obama's Foreign Policy

A A Tags Home | Feed | Blog.rss War and Foreign Policy The Failures of Obama’s Foreign Policy Political Theory 0 Views As Murray Rothbard often emphasized, the free market and a peaceful foreign policy are indispensable partners. We cannot maintain a free market if the government engages in a […]

Inequality Doesn’t Create Poverty

    Oxfam, the leftwing NGO devoted to poverty relief has released a new report blaming poverty in wealth inequality. In other words, its central claim is that the existence of very wealthy people creates poverty. The report is largely just an extended op-ed that asserts that the existence of […]

The Fortunes of Liberalism, in China and around the World

A A Home | Feed | Blog.rss The Fortunes of Liberalism, in China and around the World 0 Views 54 min ago When I visited Shanghai in December 2016, I was interviewed by Tyler Xiong at Jifeng Bookstore about the forthcoming Chinese edition of Hayek’s The Fortunes of Liberalism, and […]