Santayana on the State
People usually don’t study the philosopher George Santayana very much today, and he was not a libertarian, but rather a “skeptical conservative.” Ludwig von Mises took him seriously, though, and often quotes him, though sometimes to disagree; and in this
Fossil Future with Alex Epstein
When it comes to energy and the environment, Americans not only get the wrong facts, arguments, and narratives–they get the wrong philosophy. Alex Epstein, who recently published perhaps the most important book of our time, joins Jeff and Bob to
From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes. Original Article: "From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes" This Audio
A Tale of Two Legal Systems: Common Law and Statutory Law
It was the best of the laws, it was the worst of the laws, it was built on freedom, it was built on power, it was the spontaneous order of organic social institutions, it was the deliberate order of ideology
Independence Day: America’s Subversive Holiday
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss a recent Mises Wire article about how the state uses holidays as a culture war weapon. Independence Day offers the rare opportunity for opponents of the regime to
A Perfect Storm Is Brewing in Banking and Finance
Forget Jerome Powell's fanciful "soft landing" or the notion that the Fed can pull another rabbit from its hat. The banking system is headed for a crash and monetary authorities likely will make things worse. Original Article: "A Perfect Storm Is
The Great Crash of 2022
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash. Original Article: "The Great Crash of 2022" This Audio Mises Wire is generously sponsored by Christopher Condon.
Powell Is the New Arthur Burns, Not the New Paul Volcker
Last year, just as it was becoming increasingly clear that price inflation was mounting, Jerome Powell repeatedly denied there was any reason for concern. He called inflation "transitory." A few months later, he admitted it was not transitory, but denied it
War Spending Gives MMTers and the Left a Strong Talking Point
Time and time again, prowar spending concedes one of the Left’s most convincing points. As Assal Rad tweeted recently, we will have sent $54,000,000,000 to Ukraine in less than 4 months. “How will we pay for it” never seems to apply to
The Many Evils of Inflation
Many people know how to earn money, but few are aware of what the Federal Reserve System, acting on behalf of the U.S. Government, is doing to their money. It is inflating and depreciating the dollar at various rates—at double-digit