We Don’t Need a Central Bank to Deal with Changes in the “Demand for Money”
Historically, many different goods have been used as money. On this, Ludwig von Mises observed that, over time, . . . there would be an inevitable tendency for the less marketable of the series of goods used as media of exchange
How America Abandoned Decentralization and Embraced the State
Chaining Down Leviathan: The American Dream of Self-Government 1776—1865. By Luigi Marco Bassani. Abbeville Institute Press, 2021. Vii + 356 pages. Marco Bassani is a historian of European political thought and it is from the perspective of his discipline that he
The Rise of Economic Fascism in America
When people hear the word “fascism” they naturally think of its ugly racism and anti-Semitism as practiced by the totalitarian regimes of Mussolini and Hitler. But there was also an economic policy component of fascism, known in Europe during the
When a Fallacy Isn’t Really a Fallacy
Students often ask me to recommend a good introduction to philosophy, and now the question can be answered more easily than in years past. Michael Huemer’s Knowledge, Value, and Reality, published last April, contains a profusion of arguments on important
This Is a Sign that Price Inflation Will Soon Get Worse
Recently here on Mises Wire, Sammy Cartagena wrote a brilliant article demonstrating that Two Percent Inflation Is a Lot Worse Than You Think. In it, he demonstrates that the manageable 2 percent inflation year over year we all have gotten
Some Conservatives Still Pine for the Good Ol’ Days of Cannabis Prohibition
The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will suit their purposes. Original Article: "Some Conservatives Still Pine for the
Kingsley Amis’s Lucky Jim
Having branched to our first novel with All Quiet on the Western Front, the Human Action Podcast begs your indulgence for one of the works of 20th century British satire. Lucky Jim is the late Kingsley Amis's seminal send-up of campus life, and it's
The Market — Not Government Planning — Brings Relief from Natural Disasters
No one must profit from the misfortune of others. I have heard and read such assertions many times, virtually any time there is an emergency or disaster anywhere, or whenever some good involved is considered by someone as essential or something
Study Guide to the Jordan Peterson – Robert Murphy Podcast
This week, Jordan Peterson released an interview titled, “Is Property Theft?”, with Austrian economist Robert Murphy. The conversation was fast and exciting, with a lot of references to books, articles, and other ideas from Austrian economics thrown in. Since this is likely
Many Tribal Hunting and Foraging Grounds Were Private Property
In the Rothbardian-Hoppean school of libertarianism, all legal disputes come down to property rights and contractual obligations. Therefore, there is much discussion about originary property rights (stemming from homesteading unowned land) and about who has rights to places that people