Gas Station Hold-Up: Thieves Seize $59,000

By: Joseph T. Salerno Back in 2011, U.S. Army veteran, Oh Suk Kwon, the owner of a gas station in Maryland, was held up.  The perpetrator got away with $59,000 leaving him with no money assets and forcing him to close his business. But it wasn’t just a garden-variety thug who […]

Europe’s Secession Problems Aren’t Going Away

By: Ryan McMaken Earlier this week, The New York Times noted that movements for greater local autonomy appear to be spreading throughout Europe. In some ways, the conflict in Catalonia is just the tip of the iceberg. The Times reports:  Coming on the heels of the Catalan vote, the Lombardy […]

Crack Babies, the Contras, and the CIA

By: Chris Calton During the 1980s, the war on drugs became defined by cocaine and crack. In this episode, Chris Calton explains how the potent mix of politicians and fake news created the myth of the “crack baby”, while the CIA became drug runners for the Contras. Powered by WPeMatico

A Call for “Do-Nothing” Presidents Without Legacies

By: Richard M. Ebeling Some in the news media and editorial page pundits are aghast that many of President Donald Trump’s executive orders and legislative proposals sent off to the United States Congress represent an attempt to undue the presidential “legacy” of Barack Obama.  The question is, why should it […]

Gary Cohn is Concerned about Wall Street Clearinghouses – Blockchain is Already Fixing it

By: Tho Bishop Gary Cohn, chief economic adviser to the President, voiced concern over the weekend about risk posed by Wall Street clearinghouses that became systemically important following the 2008 financial crisis. As Bloomberg reported: As “we get less transparency, we get less liquid assets in the clearinghouse, it does […]

Trump vs. Jefferson on Freedom of the Press

By: Gary Galles On October 11, President Trump tweeted that fake news was such a threat that someone should look into challenging network licenses on that basis. The next day, (October 12) he doubled down in a follow-up tweet that “Network news has become so partisan, distorted and fake that […]

Joe Salerno on Rothbard as the Heir to Mises

By: Joseph T. Salerno, Jeff Deist Dr. Joseph Salerno, speaking at our 35th Anniversary Gala in New York last weekend, makes for case for Murray Rothbard as the preeminent modern Austrian economist—and the rightful heir to Ludwig von Mises. This great talk will change your perspective on Rothbard the economist, […]

Coming of Age With Murray

By: Hans-Hermann Hoppe The keynote address presented at the Mises Institute’s 35th Anniversary Celebration in New York City on October 7, 2017. Powered by WPeMatico

These Feminist Economists Are Right about GDP

By: Jonathan Newman Gross Domestic Product has numerous issues, especially as a measure of national-level standard of living. It is supposed to be a measure of total production and therefore the general health of an economy, but it falls short of this in many ways. In the US, the Bureau […]

These Feminist Economists Are Right about GDP

By: Jonathan Newman Gross Domestic Product has numerous issues, especially as a measure of national-level standard of living. It is supposed to be a measure of total production and therefore the general health of an economy, but it falls short of this in many ways. In the US, the Bureau […]

Neo-Liberalism: From Laissez-Faire to the Interventionist State

By: Richard M. Ebeling One of the most accusatory and negative words currently in use in various politically “progressive” circles is that of “Neo-Liberalism.” To be called a “Neo-Liberal” is to stand condemned of being against “the poor,” an apologist for the “the rich” and a proponent of economic policies […]

Just Say No: Reagan Militarizes the War on Drugs

By: Chris Calton In spite of declining drug usage, the Reagan Administration placed renewed interest in the War on Drugs. Chris Calton explains how President Reagan eliminated restrictions that prevented the US military from enforcing domestic laws, while also reducing Constitutional safeguards that prevented police from using illegally obtained evidence. […]

Everyone Has Property Rights, Whether They Know it or Not

By: Ilana Mercer The Indian tribesman’s claim to his ancient stomping grounds can’t be reduced to a title search at the deeds office. That’s the stuff of the positive law. And this was the point I took away from a conversation, circa 2000, with Mr. Property Rights himself, Hans-Hermann Hoppe. Dr. […]

The Case for Privatizing Oceans and Rivers

By: Michael Montgomery Quarterly Journal of Austrian Economics 20, no. 1 (Spring 2017) [Water Capitalism: The Case for Privatizing Oceans, Rivers, Lakes, and Aquifers by Walter E. Block and Peter L. Nelson] This collaboration between Block (free-market economist) and Nelson (free-market engineer) offers a little bit of anarcho-free-market-everything with which to engage the interested […]

Can we Blame the New iPhone’s Mediocrity on Inflation?

By: Per Bylund Apple held its 10th anniversary iPhone press event on 9/12. As expected, the tech giant released new iterations of their decade-old smartphone as well as the new iPhone X. Whereas the media has focused on innovation and technology, the event also tells another story: how the company […]

Will Tax Reform Increase or Limit Liberty?

By: Ron Paul President Trump and the congressional Republican leadership recently unveiled a tax reform “framework.” The framework has a number of provisions that will lower taxes on middle-class Americans. For example, the framework doubles the standard deduction and increases the child care tax credit. It also eliminates the alternative […]

Did the Indians Understand the Concept of Private Property?

By: Ryan McMaken One of Ayn Rand’s most notorious claims is that Europeans and their descendants were justified in driving Indian tribes off their lands because aboriginal Americans “did not have the concept of property or property rights,” and because they “wish[ed] to continue a primitive existence.” Rand also claims the Indian […]

Thaler Wins Nobel

By: Peter G. Klein The University of Chicago’s Richard Thaler has been awarded this year’s Nobel Prize in economics. Thaler is a leading practitioner of behavioral economics, the application of psychology to problems of valuation, choice, exchange, and pricing. Following Mises, most Austrian economists have distinguished sharply between praxeology, the […]

Entrepreneurs Are the Key To Economic Development

By: Sascha Klocke Questions of economic development have long been long held a prominent position in economics. How did the most advanced economies get to where they are? What can less-advanced economies do to catch up with the leading pack? After World War II, a whole sub-field of economics emerged […]

Does Ethnic Heterogeneity Make Homicide Worse in the Americas?

By: Ryan McMaken When gun-control advocates make international comparisons on homicide rates, they generally employ an assumption that places with more stringent gun control laws have lower homicide rates. Unfortunately for them, this only holds up when countries with both high levels of gun control and high homicide rates are […]