18+ hour, 4+ min ago  (165+ words) As economic uncertainty grows, the authorities turn to their only "solution: increase sovereign debt and ratchet up inflation. A modern myth is that the more government taxes and spends, the more "equality it brings. Brazil is proving that is not…...

18+ hour, 4+ min ago  (419+ words) Mark Thornton replays his Rothbard University lecture on government spending and taxation, using Rothbard's framework of binary intervention to overturn the standard civics-story that taxes are "the cost" of government and spending is "the benefit." Mark argues both are economically…...

19+ hour, 4+ min ago  (711+ words) Previously, I have argued that sovereign credit systems are structurally biased toward expansion: crises justify new interventions, those interventions are never fully reversed, and each cycle leaves behind a higher institutional baseline than before. The Cantillon effect ensures that the…...

1+ day, 7+ hour ago  (133+ words) This key decision of the Continental Congress matters because the way a war is fought affects the outcomes; the choice to fight like a state means either losing or winning like a state. Original article: https: //mises. org/mises-wire/charles-lee-alternative-george-washington-youve-probably-never-heard…...

1+ day, 13+ hour ago  (395+ words) Rothbard extends the point to other views that are inconsistent with their own advocacy. In brief, if you want to defend a position, you must make room for your own defense of it: I must say that I'm not sure…...

2+ day, 7+ hour ago  (357+ words) Unfortunately, widespread misconceptions about libertarianism and capitalism (the free-market economy) exist throughout the world....

2+ day, 8+ hour ago  (253+ words) Preamble and First Objection As for the alleged universalism inherent to libertarianism, far from leveling cultures, many libertarians see abolishing the state as the surest safeguard of distinct peoples. Throughout history, it is the growth of the state that enforces…...

2+ day, 8+ hour ago  (137+ words) According to the University of Michigan's latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition. Original article: https:…...

2+ day, 8+ hour ago  (30+ words) The fangs of the U. S. Empire are now being bared against not only the Cuban people but also against the American people. The Empire has issued subpoenas to two...

2+ day, 8+ hour ago  (107+ words) A reminder that GW Bush and the "war on terror" made a mockery of the Bill of Rights." Thanks to the Fed's creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly…...