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As someone who teaches public finance (better termed the economics of government), I can’t count how many times I have heard politicians promise “comprehensive” reforms to some major problem. But what such efforts actually produce is always different from what

We continue our look at leading figures from the Old Right with guest Tom Woods, who helped publish the late Murray Rothbard's The Betrayal of the American Right. Rothbard admired the courageous and revisionist voices promoting the Old Republic, and

If you did any Fed watching this week, you probably heard all about how Jay Powell has turned (or perhaps returned) to hawkishness, and how the Federal Open Market Committee is all about fighting price inflation now. A particularly cartoonish version of

In this week’s column, I’d like to discuss an important criticism of the modern state that the historian Martin van Creveld raises in his classic book The Rise and Decline of the State (Cambridge University Press, 1999). By “state,”  Van Creveld means

There are many reasons why activists and intellectuals oppose inequality. Envy is one of them. Original Article: "Equality and Envy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

It may be that wary beasts of the forest come around to accepting the hunter's trap as a necessary concomitant of foraging for food. At any rate, the presumably rational human animal has become so inured to political interventions that

Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn't appear to be enthusiastic about embracing free trade. Original Article: "Biden Has Embraced Trump's Protectionism" This Audio Mises Wire

Philip Cortney (1895–1971) was a Franco-American entrepreneur, economist and business leader. Known nowadays mostly for his short chapter in Henry Hazlitt’s edited volume The Critics of Keynesian Economics (1960) and for having translated and introduced French economist Charles Rist’s book

Throughout much of the past century, the idea of a gold standard for national currencies has been routinely linked with laissez-faire economics and "classical liberalism"—also known as "libertarianism." It's not difficult to see why. During the second half of the

1. Purposeful Action and Animal Reaction Human action is purposeful behavior. Or we may say: Action is will put into operation and transformed into an agency, is aiming at ends and goals, is the ego's meaningful response to stimuli and to