The Statist “Solution” Really Is a Non Sequitur
A non sequitur is a rudimentary yet common logical fallacy that occurs when a supposed conclusion does not necessarily follow from the previous argumentation. In Latin, the phrase non sequitur literally means “it does not follow.” Simply, a non sequitur
Will Biden Sanction Half the World to Isolate Russia?
It is becoming increasingly apparent that US efforts to isolate Russia and totally cut it off from the global economy is not going to be easy. As I discussed last week, from Mexico to Brazil to China to India, and much
Wilson, Waldo, Woke CEOs, and Ways Forward
Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Murray N. Rothbard Memorial Lecture, sponsored by Steven and Cassandra Torello. Includes audience question and answer period. The Austrian Economics Research Conference
Hazlitt, Hayek, and How the Fed Made Itself into the World’s Biggest Savings and Loan
Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Henry Hazlitt Memorial Lecture, sponsored by Yousif Almoayyed. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School,
Ludwig von Mises (1881–1973)
One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual
Patents, Legal Monopolies, and the High Prices for Drugs
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals. Original Article: "Patents, Legal Monopolies, and the High Prices for Drugs" This Audio Mises Wire is generously sponsored by
Markets and Private Property, Not Government, Protect the Environment
Each century presents its unique set of problems for lovers of freedom, peace, and prosperity. While the great vanguards of liberty in the twentieth century dealt with the looming shadow of centralization and were engaged in a battle against socialists and statists
Joe Matarese: Medical Tyranny and Its Entrepreneurial Solutions (Part 1, The Problem)
Medical care in the US exemplifies how the perverse effects of accumulated, self-reinforcing economic errors can render a system dysfunctional for consumers. As CEO of Medicus Healthcare Solutions, Joe Matarese has seen the current system from the inside — working
Why Sanctions Don’t Work, and Why They Mostly Hurt Ordinary People
Sanctions remain popular because they placate the voters who insist "we" must "do something," and government officials are more than happy to accept this invitation to grow state power. Original Article: "Why Sanctions Don't Work, and Why They Mostly Hurt Ordinary
The New Deal and Recovery, Part 17: The Keynesian Myth, Concluded
(Previous installments of "The Keynesian Myth" are here and here.) Balancing Act As Richard Adelstein (1991, p. 177) observes, far from taking Keynes's advice that he ratchet-up the federal government's deficit spending, "Roosevelt held fast to the ideal of a balanced budget