Should Racists Get Healthcare?

By: Ron Paul Political correctness recently took a dangerous turn in the United Kingdom when the North Bristol National Health Service Trust announced that hospital patients who use offensive, racist, or sexist language will cease receiving medical care as soon as it is safe to end their treatment. The condition […]

Government, Business, and American Economic History, Part 2

Recorded at Stanford University on July 8, 1990. Powered by WPeMatico

2019 Was a Bad Year For the “Only Cops Should Have Guns” Narrative

On December 29, an armed gunman entered the West Freeway Church of Christ in Texas and shot two members of the congregation. Within six seconds, a third member of the congregation drew a weapon and shot the gunman dead. The events were captured on live-streamed video, with the dramatic events […]

Is Greater Productivity a Danger?

It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something […]

Three Ways to Increase Workers’ Wages

Free marketeers have rightly written many refutations of the minimum wage. However, it’s difficult to beat something with nothing, and so this article will outline major ways in which wages actually rise: through capital accumulation and the honing of skills that others value. What Determines Wages? Before looking at how […]

Thoughts on Tyler Cowen’s “State Capacity Libertarianism”

By: Jeff Deist George Mason University economist Tyler Cowen has penned a brief manifesto for what he calls “State Capacity Libertarianism” on the Marginal Revolution blog. In it he makes the case for libertarians to embrace “state capacity” in certain limited cases. You can read his essay here. My initial responses, in no particular […]

Government, Business, and American Economic History, Part 1

Recorded at Stanford University on July 8, 1990. Powered by WPeMatico

Economic Stats Won’t Tell Us What Really Causes Recessions

Most economists are of the view that by means of economic indicators it is possible to identify early signs of an upcoming recession or prosperity. What is the rationale behind this opinion? The National Bureau of Economic Research (NBER) introduced the economic indicators approach in the 1930s. A research team […]

New Addition to the Mises Institute, Daniella Bassi

By: Mises Institute The Mises Institute is happy to welcome Daniella Bassi to our staff! Ms. Bassi will act as assistant editor for, our journals, and our full slate of new books for 2020. Ms. Bassi joins us from the College of William and Mary in Virginia, where she […]

Eight Actions You Can Take Now to “Austrianize” Your Business

Entrepreneurship is action. It’s a process in which the actions of the entrepreneur are decisive. In the final podcast episode of 2019, Hunter Hastings suggests eight action steps you can take for the betterment of your business in 2020 and beyond. 1. Conduct an Empathic Diagnosis The entrepreneur’s first job […]

This President Was Impeached for Being Insufficiently Pro-War

By: Ryan McMaken According to the House Judiciary Committee’s impeachment report, the president was impeached for two reasons: 1. He allegedly obstructed Congress’s investigation. 2. He committed “treason” by allegedly withholding foreign aid dollars from the Ukrainian government. The first claim is largely asserted through legalese about how Trump was […]

Ludwig von Mises and His Economics

Recorded at Stanford University on July 7, 1990. Powered by WPeMatico

The Foundation of Austrian Economics

What lies at the base of all Austrian theorizing—from Menger to Mises. Rothbard presents the introductory lecture at Mises University 1990. Recorded at Stanford University on July 7, 1990. Powered by WPeMatico

Is China a Better Trading Partner for Latin America Than the US?

Part of the economic debate in Latin America, particularly in Argentina after the elections, focuses on what type of financial and trade relationship is most convenient for the region, and several discussions consider the merit of strengthening relations with China instead of the United States The first thing we should […]

Butler Shaffer, R.I.P.

By: David Gordon Yesterday afternoon, Butler Shaffer, one of the great pioneers of the libertarian movement, passed away, two weeks before his 85th birthday. In a column written in December 2014, he tells us, “My interest in what is now called “libertarian” thinking was kindled in college in the late […]

In Healthcare, a Little Bit of Market Freedom Goes a Long Way

In the US, a hysterectomy or a gall bladder surgery can set you back tens of thousands of dollars. For families that do not possess medical insurance or have inadequate coverage, it can be financially stressful to visit a hospital or schedule an appointment with a doctor. Most people residing […]

How to Write and Understand History

[Adapted from Chapter 2 of Human Action.] The study of all the data of experience concerning human action is the scope of history. The historian collects and critically sifts all available documents. On the ground of this evidence he approaches his genuine task. It has been asserted that the task […]

To Be Useful, Data Needs Theory

For most so-called practical economists, information regarding the state of an economy is derived from data. Thus, if an economic statistic such as real gross domestic product or industrial production shows a visible increase, it is considered indicative of a strengthening of the economy. Conversely, a decline in the growth […]

What an Independent Britain Could Learn from Singapore

Imperial nostalgia leads Europeans to adopt the prejudice that the prosperity of a civilization depends on its ability to transform itself into a vast empire. Hence the anxious atmosphere that reigns over the United Kingdom, which has been trying for too many months to implement the exit from the European […]

Lysander Spooner: Libertarian Pietist

[This article is excerpted from Murray Rothbard’s introduction to “Vices Are Not Crimes: A Vindication of Moral Liberty,” by Lysander Spooner. It is also available in PDF along with the full Spooner essay.] We are all indebted to Carl Watner for uncovering an unknown work by the great Lysander Spooner, […]