Cuba: The Dictatorship and the “Blockade” Lie

Cuba is a dictatorship that uses terror and propaganda to repress its people. It locks citizens up, strips them of the most basic human rights, silences them, and confronts families using extortion and threats. The regime’s constant practices of illegal detention, the personal ruin of political dissidents, and limitation of fundamental rights have nothing to do […]

Government Debt Is Starting to Look Almost as Sketchy as Payday Loans

As government seek ever larger amounts of debt to finance more spending, they’re embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we’re left with nothing but a flimsy promise to pay.  Original Article: “Government Debt Is Starting to Look Almost as […]

Mark Spitznagel: At What Price Safety?

By: Mark Spitznagel {Editor’s note: Mark Spitznagel is President and Chief Investment Officer for Universa Investments. He has written about risk mitigation and “tail hedging” in his books The Dao of Capital and Safe Haven. He is a well-read student of Austrian economics, and has applied the insights of Mises and others to his professional work. […]

My Case against Minimum-Wage Laws

We often hear these minimum wage laws are well intentioned. I cannot agree. Minimum-wage laws are evil in their methods (coercion) and evil in their goals (to make people believe they’re dependent on government).  Original Article: “My Case against Minimum-Wage Laws” This Audio Mises Wire is generously sponsored by Christopher […]

Why Capital Goods Are the Key to Economic Progress

[This article is excerpted from chapter 18 of Human Action] If one were to measure the length of the period of production spent in the fabrication of the various goods available now, one would have to trace back their history to the point at which the first expenditure of original […]

Why Friedman Was Wrong About Booms and Busts

In his attempt at explaining what business cycles are all about, Milton Friedman held that the economy’s output is bumping along the ceiling of maximum feasible output except that every now and then it is plucked down by a cyclical contraction. He attributed this contraction to various shocks. He was […]

Was It Always This Way?

By: Robert Aro How well can anyone remember past Federal Reserve Chairs? There was Volcker, who allegedly solved the inflation crisis by raising rates and bringing about a recession. After Volker there was Greenspan who is still referred to as “the Maestro.” Followed by “Helicopter” Ben Bernanke… a name he […]

Matt McCaffrey: Austrian Business Strategy (Part 2): Principles

Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said about Austrian economics in relation to business: It just works (see Mises.org/E4B_126). In episode #127 (Mises.org/E4B_127), Matt McCaffrey outlined the Austrian […]

Why Progressives Will Never Accept Market-Based Medical Care

A recent article on this page highlighted a stunning situation in which a surgery clinic in Oklahoma City was able to offer outpatient procedures at less than one-tenth of what local hospitals were charging to third-party payment systems such as insurance companies and Medicare. This was a significant article in many […]

Secession and the Production of Defense

[Chapter 11 of The Myth of National Defense: Essays on the Theory and History of Security Production, edited by Hans-Hermann Hoppe (Auburn, Ala.: Mises Institute, 2003), pp. 369–413.] Few people object to the private production of shoes or rock concerts. But almost everybody believes that certain goods cannot be produced […]

Canada’s Left Is Pushing Some Albertans To See the Benefits of Secession

Talks of separatism are not just limited to the United States. When Canada is brought up in political discourse, it’s usually done to juxtapose its relative stability to the US. Often portrayed as the tamer, more socially stable version of the US, Canada has become a darling of American progressives. […]

Jan Tinbergen, Pioneer of Central Planning

Once in a blue moon, the Austrian school attracts the attention of serious scholars outside of its tradition. In the months after Janek Wasserman at University of Alabama published The Marginal Revolutionaries in 2019, lots of Austrians revisited the old masters and the fin-de-siécle Vienna from which they stemmed: they […]

Steven Phelan: Startup Stories

Recorded live at Mises University on 24 July 2021. Find Startup Stories: Lessons for Everyday Entrepreneurs at: Mises.org/Startup Powered by WPeMatico

We’re in the Middle of a Long War with the State

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2021. Powered by WPeMatico

The Case for Economic Populism

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2021. Powered by WPeMatico

Low Interest Rates, Weak Growth

Central banks should know by now that you cannot have negative interest rates with low bond yields and strong growth. One or the other. Central banks have chosen low bond yields at any cost, despite all the evidence of stagnation ahead. This creates enormous problems and perverse incentives. It is not a surprise […]

Salazar: The Dictator Who Refused to Die

I was a small child when I first heard Salazar, the Portuguese dictator, spoken of. This was in the early 1960s, when I began to accompany my father on road trips he took with our family once or twice a year to Lisbon to visit and monitor the operation of […]

Faculty Panel: Policy and History

Featuring Per Bylund, Tom DiLorenzo, Sandy Klein, Patrick Newman, Tim Terrell, and Mark Thornton. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021. Powered by WPeMatico

Faculty Panel: Theory and Method

Featuring Lucas Engelhardt, David Gordon, Jeffrey Herbener, Peter Klein, Jonathan Newman, Ritenour, and Joseph Salerno. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021. Powered by WPeMatico

Democracy’s Road to Tyranny

Plato, in his Republic, tells us that tyranny arises, as a rule, from democracy. Historically, this process has occurred in three quite different ways. Before describing these several patterns of social change, let us state precisely what we mean by “democracy.” Pondering the question of “Who should rule,” the democrat […]