Missouri Tells the Feds: We Won’t Enforce Your Gun Laws
On June 12, Missouri governor Mike Parson signed HB 85, the “Second Amendment Preservation Act” recently approved by the state’s legislature. The new law is designed to prevent state and local law enforcement from enforcing federal laws regulating private ownership of
Transitory Inflation or Stagflation?
Bloomberg uses the price of a certain bike, the Santa Cruz Hightower C R, to make the case that price inflation is upon us. This bike will set you back $4,749, a 10 percent leap from the first of the
Central Banks See No Way out of the Low Interest Rate Trap
Since the 1980s, slower economic growth in the industrial countries has been accompanied by declining interest rates. They have even turned negative in more recent years. At the same time, investment, productivity, and real GDP growth all have slowed. Recession
The Ratification Debate: A Standing Army vs. the Militias
[This passage is excerpted from Murray N. Rothbard's Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] One of the most important aspects of the proposed Constitution was its authorization for a permanent national standing army, a striking contrast to the simple reserve
Why Joe Biden Is Keeping the Cap on SALT Deductions
When the Trump administration pushed capping the federal tax deduction for state and local taxes (SALT), the plan was billed as a way to punish Democrats in high-tax states. But the move also increased federal revenues by as much as
Why the Regime’s Regulatory Power Is a Standing Threat to America
Whenever some foreign regime that is independent of the U.S. Empire goes after dissenters, U.S. officials trot out the First Amendment to show how different the United States is. Here, people are free to criticize government officials without fear of
Critical Race Theory and Our Weaponized Schools
Government schools have always been tools of the regime for teaching state-approved ideology and culture. The rise of critical race theory is just the latest phase for America's public schools system. Be sure to follow Radio Rothbard at Mises.org/RadioRothbard.
Wages, Prices, and the Demand for Money: Keynes Got It All Wrong
Markets clear. Or so was the accumulated wisdom in the half century before John Maynard Keynes. The British economist proposed a novel theory of economics in 1936 based on the opposite premise: markets don’t clear. While Keynesian theory is quite
The Fed Plans to Raise Interest Rates—Years from Now
On Wednesday, the Federal Reserve’s Federal Open Market Committee voted to continue with a target federal funds rate of 0.25 percent, and to continue with large-scale asset purchases. According to the committee’s press release: The Committee decided to keep the target
Capitalism Isn’t a Modern Invention. It’s Medieval.
During the eighteenth century, capitalism in Europe “took off” in a way it had not done before, and as a result the West surpassed all other areas of the world in economic growth. What led to this transformation? Max Weber