A Libertarian Theory of War
The libertarian movement has been chided by William F. Buckley, Jr., for failing to use its "strategic intelligence" in facing the major problems of our time. We have, indeed, been too often prone to "pursue our busy little seminars on
Three Things the Fed Must Do to Normalize Bond Markets
Policy normalization—defined as closing down the nonconventional toolbox and restoring a well-functioning price-signaling mechanism to the bond market—is difficult but possible. Original Article: "Three Things the Fed Must Do to Normalize Bond Markets" This Audio Mises Wire is generously sponsored by Christopher
Who Will Build the Roads? Anyone Who Stands to Benefit from Them.
The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong. Original Article: "Who Will Build the Roads?
Marxism versus Libertarianism: Two Types of Internationalism
There are two main philosophical and ideological schools of thought that include the problem of internationalism in their principles. The first is liberal internationalism, which developed within the framework of classical liberalism. The second is orthodox Marxism and its various
Contract Rights Are Not the Same as Natural Rights
Purchasing Submission: Conditions, Power, and Freedomby Philip HamburgerHarvard University Press, 2021, 320 pp. Philip Hamburger has made a revolutionary contribution to American constitutional law. He shows that what is often regarded as a narrow topic, “unconstitutional conditions,” of interest only to
Daniel McAdams on the Ron Paul Doctrine
Daniel McAdams of the Ron Paul Institute joins the show to discuss what might be termed the Ron Paul Doctrine: a combination of laissez-faire at home, decentralized domestic political power (up to and including secession), robust free trade, and strict
GDP Tells Us Little about the Health of an Economy
If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term. Original Article: "GDP Tells Us Little about the Health of an Economy" This Audio Mises
What Spooner Can Teach Us in Our Age of Neofascism
Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern. Original Article: "What Spooner Can Teach Us in Our Age of Neofascism" This Audio
The Tragedy of the Government’s Ban on Human Organ Sales
In late September surgeons successfully attached a kidney from a genetically modified pig to a human body, establishing a “proof of concept.” This is a large step in alleviating a massive shortage of cadaver or donated human body parts for those often
Why Mises Rejected Common Notions of “Progress”
Ludwig von Mises has some characteristically acute and important comments on the idea of progress in history, and in what follows, I’d like to address some of these. In the way he develops his views, one of the key themes