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After completing a controversial withdrawal from Afghanistan in late August, the United States is facing valid questions about the legitimacy of its foreign escapades launched in the last twenty years under the banner of fighting terrorism. It would be wishful thinking

[Column written by Murray Rothbard for the New Libertarian 4, no. 7 (April-June 1980): 13–15.] The Iran/Afghanistan crises have been a god-send to Jimmy Carter. From being lowest in the polls of any President in American history, Carter has vaulted to

For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded

The Stupidity of War: American Foreign Policy and the Case for Complacencyby John MuellerCambridge University Press, 2021, 332 pp. The subtitle of John Mueller’s excellent new book suggests that something unusual is in store for the reader. If someone is called

[Economic Freedom and Interventionism (1980)]  Animals are driven by instinctive urges. They yield to the impulse that prevails at the moment and peremptorily asks for satisfaction. They are the puppets of their appetites. Man's eminence is to be seen in the fact

As in many previous years, this year’s National Defense Authorization Act (NDAA) is chock-full of terrible legislation slyly inserted into the NDAA for the purposes of concealing matters from the public. Both parties have been long guilty of this, with

Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies

Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael

Uncovering the cause of disparities in long-term economic performance across societies is of paramount importance to economists. Differences in institutional quality and geographical advantages are usually invoked as reasons for the divergence in economic performance. Although both factors possess explanatory

The Biden administration's rhetoric on the debt ceiling has become nothing short of apocalyptic. The Treasury Department has announced that a failure to increase the debt ceiling "would have catastrophic economic consequences" and would, as NBC news claims, constitute a