After Secession, What Happens to the National Debt?
National divorce does happen, and debts are not necessarily repudiated as a result. We can look to examples from Latin America, Eastern Europe, and the Czech-Slovak split. Original Article: "After Secession, What Happens to the National Debt?" This Audio Mises Wire is generously sponsored
If Mauritius is a Tax H(e)aven, Other African Countries Must be Tax Hells
It is common for commentator to point to corruption, incompetence, malicious Western meddling, and other factors as the source of Africa’s continued economic woes. One seldom hears so-called experts point to taxes as a major impediment to economic development. Even “development
Is Economic Growth Synonymous with Ecological Destruction? The NYT Gets It Wrong (Again)
According to the New York Times (NYT) article July 17, 2022, “The pioneering economist says our obsession with growth must end,” a major threat to our living standard is the obsession with economic growth. Herman Daly—an economist that has been exploring for
Spotlight on Keynesian Economics
Its Significance Fifty years ago, an exuberant American people knew little and cared less about economics. They understood, however, the virtues of economic freedom, and this understanding was shared by the economists, who supplemented common sense with sharper tools of analysis. At
Why Federal Agencies Go Rogue
The IRS plans to hire 87,000 new armed agents, while an FBI raid on Trump–the administration's open political rival–draws allegations of corruption. Economists and political scientists, from Mises to Robert Higgs to James Burnham to public choice scholars, explain why
The Agenda behind Climate Change Catastrophism
On top of Congress passing the "Climate Relief Bill," environmentalists also demand that President Joe Biden declare a "climate emergency" in order to seize new powers ostensibly to combat dreaded climate change. However, climate alarmism is not based on reality. Original Article:
Who Is Most Responsible for the Ongoing War in Ukraine?
John Mearsheimer recently gave an important lecture on the Ukrainian war. He warns that “the United States is now effectively at war with Russia.” Mearsheimer argues, “The United States is principally responsible.” Alexander Stubb contends in a reply to Mearsheimer,
Patents and Progress
Murray Rothbard rejected patents, and other writers, following and extending his views, have developed a wide array of arguments against patents in particular and intellectual property (IP) in general. Stephan Kinsella’s Against Intellectual Property is the most detailed and carefully
Economies Cannot Produce Wealth without Patience and Long-Term Horizons
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking. Original Article: "Economies Cannot Produce Wealth without Patience and Long-Term Horizons" This Audio Mises Wire is generously sponsored by Christopher Condon.
Yes, Precolonial Africa Had Technology and Economic Life before Colonialism
Despite the blooming of literature on preindustrial African technology, the centrality of invention in precolonial Africa remains an obscure topic. Updated research has shown that precolonial Africa was a wellspring of creativity rather than a den of stagnation. Africans employed unique methods