Is the Constitution Broken beyond Repair?
The Broken Constitution: Lincoln, Slavery, and the Refounding of AmericaNoah FeldmanFarrar, Straus and Giroux, 2021, 368 pp. Noah Feldman, who teaches at Harvard Law School, has in this excellent though flawed book given us an account of Abraham Lincoln which lends
Is Price Stability Really a Good Thing?
One of the mandates of the Federal Reserve System is to attain price stability. It is held that price stability is the key as far as economic stability is concerned. What is it all about? The idea of price stability originates
Industrial Policy—a.k.a. Central Planning—Won’t Make America Great
China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. Original Article: "Industrial Policy—a.k.a. Central Planning—Won't Make America Great" This Audio Mises Wire is generously sponsored
Kyle Rittenhouse and the Evil of Generalized Justice
In a decent society, real justice is specific and not general. In criminal matters especially, justice should be temporal and rooted in the facts of the instant case. Greater societal concerns, along with the identity of defendant and victims (sex, race, religion, notoriety, social
Deconstruction: Using Literature to Promote Marxism
What Is Deconstruction? Unlike the more structured curriculums of high school mathematics or science, the course load and topic choice for upper-level English classes is left largely undefined. For Advanced Placement classes, the College Board only focuses on necessary skills, leaving
Leaving behind the Labor Theory of Value
The labor theory of value has long undermined people’s understanding of the miracles created by markets and rationalized various incarnations of socialism which mangle those miracles. Leonard Read understood why undoing that misunderstanding by all who hold to it, as
Joe Matarese on Expectations and Building a Culture of Continuous Innovation
Every company starts as an innovation. Thereafter, the unceasing challenge is to keep innovating because the market continues to change, technology continues to advance and, crucially, customer expectations continue to rise. Economics For Business speaks with Joe Matarese, Executive Chairman
Cronyism, Not Welfare, Is China’s Big Problem
In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn't necessarily a move against the private sector. Original Article: "Cronyism, Not Welfare, Is China's Big Problem" This Audio Mises Wire
Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition
After a dead period for much of the twenty-first century, a particular tool at the hands of the state has been dominating recent news cycles: antitrust law. This legal ability to fine, prevent, and “break up” different profit-maximizing tactics of
Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever
After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. Original Article: "Thanks to Bailouts, Wall Street Banks Are More