The Water “Shortage”

As everyone knows, the West, and especially northern California, has been suffering from a year-long drought, leading numerous statists and busybodies to leap in to control, ration, and ordain. The water “shortage” may not be exactly blamed on the private sector, but it is there, supposedly, and surely government must […]

Slippery Slope Arguments and Tyranny

In my article last week, I talked about Michael Huemer’s notion of “false fallacies.” These are often listed in logic books as bad arguments, but some of them, Huemer suggests, are actually good arguments, at least if suitably modified. This week, I’d like to talk about another false fallacy, one […]

Against Biden’s Mandates

We oppose President Biden’s lawless and authoritarian new mandates announced yesterday. We also denounce his divisive rhetoric toward unvaccinated Americans, his reckless antipathy for federalism, and his threats to usurp state governors. Contra Mr. Biden, this is entirely about freedom and personal choice. His proposed executive orders represent nothing less than centralized tyranny, whereby […]

Lockdowns and Vaccine Mandates: China’s Most Successful Exports?

It is neither Red Scare hyperbole nor misplaced attribution to say that the covid regime established in the Western world is primarily a product of the Chinese regime. I refer not strictly to the claim that covid-19 originated in a Wuhan lab but also to the fact that the propaganda […]

Biden’s Vaccine Fiat Forges a Fascist Pharma Corporate State

By: Connor Mortell About six months ago, I wrote an article here explaining that state preemptions of local government are a bad thing — even when Ron DeSantis does it. I vehemently stand by these principles. However, it is now time for Ron DeSantis to take that principle of decentralized control and run […]

It Is all the Wokesters’ and Government’s Fault

By: Walter Block All major problems can be fairly laid at the door of the government, particularly on the woke philosophy that energizes all too much of its behavior. They take half the GDP away from us. Most of these funds are spent in wasteful ways: paying people not to […]

The Illusion of American Exceptionalism

  After the Apocalypse: America’s Role in a World TransformedBy Andrew BacevichMetropolitan Books, 2021Xiv + 206 pages Andrew Bacevich, a history professor at Boston University for twenty-three years, has written an excellent book on American foreign policy, but it is embedded within a larger and more questionable book. Fortunately, the […]

How to Cheat with Cost-Benefit Analysis: Double Count the Benefits

Because my economics courses focus on public policy, I often deal with benefit-cost analyses (BCA) in them. While little discussed, the central idea is simply to identify and include all the relevant benefits and costs of a decision, do our best to estimate their values, then choose the option that […]

Paul Krugman’s Austrian Obsession

Paul Krugman seems to have a very unhealthy obsession with Austrian economics and especially the school’s theory of the business cycle. More than two decades ago, he attacked it (wrongly calling it a “Hangover Theory” and trying to make a morality play out of it), claiming it had the credibility […]

WaPo Editors: “Liberty” Requires Us to Implement Vaccine Passports

Governments are seeking to mandate vaccine usage in a variety of ways, even while vaccine producers are shielded from full legal accountability should their treatments cause harm. That should raise some red flags. Original Article: “WaPo Editors: “Liberty” Requires Us to Implement Vaccine Passports” This Audio Mises Wire is generously […]

Toronto Star Promotes Hate of Unvaccinated People

By: Lee Friday On August 26, this headline was splashed across the front page of the Toronto Star newspaper: If an unvaccinated person catches it from someone who is vaccinated, boohoo, too bad. I have no empathy left for the willfully unvaccinated. Let them die. I honestly don’t care if they die from […]

“Defund the Police” and “Thin Blue Line” Activists Are Both Wrong

By: Nick Stiles The deep political and moral divisions between Americans were plainly exposed during the controversy over the police sparked by the death of George Floyd. The Left further radicalized, while conservatives dug their heels deeper into the status quo, staunchly defending what appeared to them a hallmark institution […]

The Absolute State of Money in 2021

Jeff Deist: You recently completed a series of articles for the Mises Institute, which we will publish in book form, on how money works today. Why is it important for average people to understand the mechanics of the plumbing of central and commercial banks? Bob Murphy: There’s two main reasons. […]

Why the Fed Is So Desperate to Hide Price Inflation

Speaking at the Jackson Hole meeting on August 27, 2021, Federal Reserve (Fed) chairman Jerome J. Powell indicated that he supported “tapering” toward the end of this year and hastened to add that interest rate hikes are still a long way off. The term “tapering” means that the central bank reduces […]

China’s Military Strength Has Been Greatly Exaggerated

China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony. Original Article: “China’s Military Strength Has Been Greatly Exaggerated” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Powered by WPeMatico

Rebutting Paul Krugman on the “Austrian” Pandemic

In a recent column for the New York Times, the world’s most famous Keynesian Paul Krugman attacked Austrian business cycle theory (ABCT). In addition to repeating his decades-old claim that ABCT suffers from an internal contradiction, as well as his charge that the Austrians had misdiagnosed the 2008 financial crisis, […]

What Texas’s Unilateral Immigration Policy Tells Us about Washington

Could Texas usher in a uniquely decentralized approach to immigration? Texas Governor Greg Abbott recently embarked on a unique policy drive to have the state government lead the charge on immigration policy. It’s no secret that talks of immigration evoke powerful emotions on both sides — another indication of the […]

The Terrible Economic Ignorance Behind Covid Tradeoffs: My Speech to the Ron Paul Institute

This article is excerpted from a talk delivered at the Ron Paul Institute conference on 4 September 2021. Introduction Some of you may know the name Alex Berenson, the former New York Times journalist who comes from a left-liberal background. He has been absolutely fearless and tireless on Twitter over the past 18 […]

Per Bylund: The Unrealized

Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a regulated, risk-mitigated world. We must ask what could be possible in a different world, and act on that basis. Sound economics supports such action. Per Bylund takes us […]

What’s a Few Trillion Towards Afghanistan?

By: Robert Aro What does a few trillion dollars get you these days in war efforts and reconstruction projects? Unfortunately not much, according to the Office of the Special Inspector General for Afghanistan Reconstruction (SIGAR). In the recently published report, What We Need to Learn: Lessons from Twenty Years of […]