Rothbard on the Betrayal of the American Right
America's "Old Right"—rooted in 19th century liberalism but birthed in the 1930s to oppose the New Deal—was strongly laissez-faire and non-interventionist. Murray Rothbard wrote the comprehensive story of that movement, it's influences and influence, and its destruction at the hands
How Markets Have Delivered More Economic Equality
People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever. Original Article: "How Markets Have Delivered More
An American Classical Liberalism
Every four years, as the November presidential election draws near, I have the same daydream: that I don't know or care who the president of the United States is. More importantly, I don't need to know or care. I don't
Social Media’s Algorithms Aren’t Really Controlling You
Senator Josh Hawley’s just-published The Tyranny of Big Tech (Regnery, 2021) raises important issues. Hawley asks, for example, Do Facebook, Twitter, and YouTube censor views that that their managers do not like? It seems clear that the answer is yes.
It’s Time to End the Embargo against Cuba
Now that Cuban president Raul Castro has resigned the presidency of Cuba, will the US government lift its six-decade economic embargo against Cuba? Don't bet on it. Original Article: "It's Time to End the Embargo against Cuba" This Audio Mises Wire is
Due Process on Campus Keeps Justice on the Streets
Politics moves from campus to Main Street. The next political attack is likely to be on due process—the foundation of Western justice itself. Much depends on which side of the current debate on campus sexual misconduct hearings wins. Does a
The State of Modern Economics
Peter G Klein is Carl Menger Research Fellow of the Mises Institute and W.W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also senior research fellow at Baylor’s Baugh Center for Entrepreneurship and
Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past
The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren't lending to regular people. The economy increasingly relies on little more than newly printed money. Original Article: "Thanks
The Fed Embraces Its Inner Zimbabwean
May is on its way, and the old investment saw, “Sell in May and go away,” will be tested once again. Jared Blikre, writing for Yahoo Finance, provides the history behind what may or may not be good advice. “The full axiom was
The US Recovery Is Weak, Especially Given the Size of the “Stimulus”
It seems that governments want to convince us that they have saved the world when the reality is that the misguided lockdowns were the cause of the economic debacle and lifting them is the main cause of the recovery. Original Article: