The Bogus January 6 Commission Poses a Real Threat to Freedom
“Truth will out” is the most popular fairy tale in Washington. Members of Congress are clashing over whether politicians will appoint an “independent” commission to reveal the facts behind the January 6 Capitol ruckus. Proponents are portraying the issue as
Peter Klein on Cronyism, Capitalism, and the Entrepreneurial Pathway
Cronyism is not Capitalism We often hear that capitalism is under fire: in contemporary politics, in journalism, in popular discourse, and even in some business schools and among some management scholars and their students. But the criticism, upon examination, is not
China’s New Pandemic: A Bond Default Crisis
China was one of the first major countries to recover from the coronavirus-induced economic collapse—but at what cost? The country has taken on enormous levels of public and private debt, eased monetary policy, and issued billions of dollars in new bonds.
The Six Stages of the Creation of the State
[Excerpted from chapter 1 of The State: Its History and Development Viewed Sociologically] In the genesis of the state, from the subjection of a peasant folk by a tribe of herdsmen or by sea nomads, six stages may be distinguished. In the
The Real Estate Boom in Vegas Is More Frenzied Than Ever
In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions. Original Article: "The Real Estate Boom in Vegas Is More Frenzied Than Ever" This Audio Mises Wire is generously
Public Debt Got a Lot Worse from The Great Recession to The Great Lockdown
The 2020 recession, which many countries are still going through, now has an “official” name: the Great Lockdown. In economic terms, the public sector’s response in practically all countries has been very swift and bold (which is not necessarily a good thing).1 This
What Igbo Culture Teaches Us about Capitalism
The Igbos are one of many ethnic groups within Africa. They consist of about 43 million people, 40 million of whom live within Nigeria. They are widely successful in Nigeria and are considered by many to be the "Jews of West Africa," partly
Mises on Nationalism, Colonialism, and the Right of Self-Determination
For Mises, liberalism first emerged and expressed itself in the nineteenth century as a political movement in the form of “peaceful nationalism.” Its two fundamental principles were freedom or, more concretely, “the right of self-determination of peoples” and national unity
Biden’s Jobs Plan: How Some Jobs Destroy Wealth
It seems that every time something adverse happens in the labor market, it restarts the partisan battle between those currently in and out of power as to who is a better steward of the economy. That was illustrated by the Bureau
Monetary and Fiscal “Stimulus” Is Undermining the Global Recovery
Expansionary monetary and fiscal policies have gone into overdrive all over the world since the beginning of the pandemic. This raises the obvious question of how long they can last before another crash follows. In its latest World Economic Outlook, from