Richard Cantillon: An Introduction

Volume 7, Number 2 (1985) Introduction and textual comments by Friedrich A. Hayek, translated by Micheál Ó Súilleabháin, Department of Economics of University College, Cork, written for Hella Hayek’s 1931 German translation of Richard Cantillon’s Essai.*,1 All page numbers cited in this text for Cantillon’s Essai sur la nature du […]

Why We Need Freedom in Retirement Savings Plans

On August 31, President Donald J. Trump signed the Executive Order on Strengthening Retirement Security in America, a preliminary step in allowing seniors more economic freedom and security in retirement. At present, there are many constrictive regulations in place preventing Americans from saving as much money as they otherwise would. […]

Gun Ownership Rights Aren’t as Safe as Many Think

As discussed previously, gun-control regulation has a track record of facilitating repressive political regimes. Countries like the Soviet Union, Nazi Germany, Cuba, and present-day Venezuela have witnessed how gun control has given their respective governments a significant advantage in dishing out violence. In recent decades states have acted in many […]

The Living Reality of Military-Economic Fascism

“The business of buying weapons that takes place in the Pentagon is a corrupt business — ethically and morally corrupt from top to bottom. The process is dominated by advocacy, with few, if any, checks and balances. Most people in power like this system of doing business and do not […]

Politicians Make the Promises —-You and Your Children Pay for Them

Democratic governments, almost all of them, are normally run by career pols. They have ravenous appetites for wealth. They almost always have big plans to expand the government, which means they always want more money. (I remember Hillary Clinton’s recent book, What Happened. Here she spoke about her plans for […]

Jim Bovard on the Terrible Politicization of America

We take a break from economics this week to welcome our old friend Jim Bovard for an unflinching look at the disastrous politicization of everything in America. The nasty fight over Brett Kavanaugh’s Supreme Court confirmation is only the latest example of a trend Rothbard identified decades ago, one that […]

Help Translate ‘Why Small States Are Better’ Into English

By: Mises Institute Last year, we told you about a new book from Andreas Marquart and  Philipp Bagus titled Wir schaffen das – alleine! (“We can do it – alone!”). The subtitle says: “Why small states are just better.” (Read an interview about the book here.) Unfortunately for English-language readers, […]

3 Ways Marxists Get Capitalism Wrong

Only for a short while did the collapse of the Soviet Union silence Marxism. The fatal attraction of the thoughts of Karl Marx has returned — not because they are right but because they are wrong. Marxism serves to convert resentment into a social problem. Marxism is attractive because this […]

August Building Permits Drop for First Time in Eight Years

By: Ryan McMaken Building permits for private housing units in the US dropped by 5.5 percent in August, which was the largest drop recorded in more than two years. The last time housing permit activity dropped by a larger amount was during June of 2016 when permits fell by 12.3 […]

An Armed Pregnant Women Defended Herself, Now She Faces 24 Years in Jail

By: Tho Bishop Last December, Krissy Noble (then going by her maiden name Tran) shot and killed a man who broke into her apartment and attacked her. She was 11 weeks pregnant at the time. As ABC News described the incident: [When her attacker was] inside, the man tackled her […]

Median Household Wealth in America Is Going Nowhere

Today’s headline at The Wall Street Journal looks wonderful: “U.S. Household Net Worth Neared $107 Trillion in Second Quarter.” The journal is reporting on a new report form the federal reserve. Unfortunately, the fact that the aggregate national net worth is up doesn’t tell us much about how Americans are […]

Does Justice Qualify as An Economic Good?: A Böhm-Bawerkian Perspective

Volume 2, No. 1 (Spring 1999)   One of the most dependable ways of demonstrating the inconsistency of a general principle, theory, or proposition is to deduce some necessarily contradictory consequences from its major premises. In 1849, Gustave de Molinari confronted his fellows at the Journal Des Economistes—a bastion of […]

Ready for Some Good News?

We are constantly bombarded with bad news. There are disasters, dangers, challenges, and woes. On the political scene, we find perpetual discord peppered with lurid denunciations and shrill condemnations. Media reports are alternately dismaying, disappointing, distressing, disgusting, or depressing. But despair not, friends: All is not lost! Here let me […]

Frank Fetter and the Austrians

Although students of Austrian economics are familiar with Mises, Hayek, and the other major figures of the school, there are many economists who worked in and around the Austrian tradition—and made crucial contributions to it—whose writings are today neglected. One of the most significant of these is the American Frank […]

In Socialist Venezuela the Poor Starve to Death While the Politically Powerful Feast

The socialist policies of the Venezuela government continue to impose a living hell on its people. Hyperinflation has turned its currency to literal garbage. Mortality rates have skyrocketed for groups such as infants, pregnant mothers and the elderly as clinics have shut down and medicine grown scarce. Food has grown scarce as […]

30 Years Later: Margaret Thatcher’s Vision for Europe Revisited

Europe is today in the midst of a debate on the future of the European Union. It is not the first one: back before the Maastricht Treaty was passed in 1992, political leaders were discussing as well about where the EU, or as it was called back then, the European […]

Jeff Deist on the Kavanaugh Nomination, Civility, and “the Dregs of Society”

By: Jeff Deist Jeff Deist joined Peter Lavelle on CrossTalk to discuss Brett Kavanaugh’s Supreme Court nomination and the state of modern political discourse. Powered by WPeMatico

Socialism and ‘Social’ Justice

Volume 11, Number 2 (1995) I may, as a result of long endeavors to trace the destructive effect which the invocation of ‘social justice’ has had on our moral sensitivity, and of again and again finding even eminent thinkers thoughtlessly using the phrase, have become unduly allergic to it, but […]

Jeff Deist on Brett Kavanaugh. and “the Dregs of Society”

By: Jeff Deist Jeff Deist joined Peter Lavelle on CrossTalk to discuss Brett Kavanaugh’s Supreme Court nomination and the state of modern political discourse.  CrossTalk on Kavanaugh nomination: Dregs of society Video of CrossTalk on Kavanaugh nomination: Dregs of society Powered by WPeMatico

Central Planning Failed in the USSR, but Central Banks Have Revived It

The Federal Reserve’s changing of the guard — the end of Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union. Back then, our local grocery store had two types of sugar: The […]