Politics
There are only three possible economic systems: capitalism, socialism, and interventionism. Mises spent his career proving the third is the least understood and the...
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Politics
Even the federal government’s official data shows that price growth is well above the Federal Reserve’s two-percent target. In fact, price inflation is now...
Politics
Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.
Politics
Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit...
Politics
Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who...
Editor's Pick
Walter Olson President Donald Trump’s attempt to engineer a $1.8 billion taxpayer-funded slush fund for those in legal trouble for promoting his interests, as...
Editor's Pick
David J. Bier The Department of Homeland Security (DHS) announced Friday that it will cease granting green card applications except in extraordinary circumstances. In...
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Thomas A. Berry and Alexander Xenos The government must be neutral when it sets rules for what private citizens may say, but the government...
Politics
Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.
Editor's Pick
Jai Kedia and Norbert J. Michel Kevin Warsh was sworn in as the new Federal Reserve chair today. He has described his goal as...
Politics
Zohran Mamdani’s proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is...
Editor's Pick
Nicholas Anthony Following my testimony before the House Committee on Financial Services, I want to share what I said during my opening remarks. For my...
Editor's Pick
Jeffrey A. Singer Recently, Health and Human Services Secretary Robert F. Kennedy Jr. expressed concern about psychiatric overprescribing, especially among children and adolescents. Critics quickly accused him of...
Politics
A labor economist at the University of Chicago devoted his career to Veblen’s institutionalism. When he finally saw through the foundations, he told a...
Politics
Should banks contract credit during a bust? Mises said yes. Rothbard disagreed. Patrick Newman traces a subtle but consequential rift between master and student.
Politics
The engineer and the gambler both face uncertainty, but only one can control the forces involved. Jonathan Newman explores the gap between plan and...