According to the post-Keynesian School of Economics economist Hyman Minsky, the capitalist economy has an inherent tendency to develop instability that culminates in a severe economic crisis. The key mechanism that pushes the economy toward a crisis is the accumulation of debt. According to Minsky, during “good” times businesses in profitable sectors of the economy are rewarded for increasing their debt levels. The more one borrows, the more profit one seems to make....
Read More »Year-End Foreign Policy Predictions
Ryan and Zachary make some guesses about where things are headed in 2024 for both Ukraine and the Israel-Hamas war. How long will the US try to keep the Ukraine war going, and what is Israel's plan for Gaza? Be sure to follow War, Economy, and State at Mises.org/WES. [embedded content] Tags: Featured,newsletter
Read More »The Path to True Freedom is Systematic Privatization
Anarchocapitalism does not fall into the same category as socialism, whose establishment and maintenance require violence. Anarchocapitalism arises spontaneously from the removal of barriers that stand against the natural order of things. Original Article: The Path to True Freedom is Systematic Privatization [embedded content]...
Read More »The Dishonesty of the New York Times Revealed
Last May, the chairman and publisher of the New York Times, A.G. Sulzberger, wrote a twelve-thousand-word feature in the Columbia Journalism Review appealing to the importance of independent journalism and framing the Times as a news organization committed to this ideal. Sulzberger defines his model of independent journalism, writing that it “elevates values grounded in humility—fairness, impartiality, and (to use perhaps the most fraught and argued-over word in...
Read More »Tucker Carlson is Not Entirely Wrong About “Libertarian Economics”
Tucker Carlson, who recently announced his own new media network, has been making the podcast rounds, talking to hosts of a variety of different ideological backgrounds. An interview a few weeks ago with Dave Smith had a moment that went viral when both men proclaimed Bill Buckley as a great villain of the 20th Century. (Murray Rothbard would agree.) Recently a new clip with Glenn Greenwald made the social media rounds with Carlson claiming that “libertarian...
Read More »Biden Is Providing an Opportunity for a New “Outreach to the Deplorables”
As the Biden administration doubles down in its determination to create a more progressive nation, it inadvertently is creating more opportunities to promote libertarian alternatives. Original Article: Biden Is Providing an Opportunity for a New "Outreach to the Deplorables" [embedded content] Tags: Featured,newsletter
Read More »X Marks the Spot: Social Media’s Last Stand
Ever since Elon Musk acquired Twitter, now X, the censorship regime has been hell-bent on harassing the company and Musk himself—with bad publicity, accusations of antisemitism, and advertiser boycotts. Musk struck back by threatening to sue the Anti-Defamation League, suing Media Matters for defamation, and famously telling fleeing advertisers “Go f*ck yourself.” Musk’s X has the potential to weaken the Big Digital woke cartel, which censors content, censures and...
Read More »America’s Corn Crop Comes from “Corny” Subsidies
Corn is grown in the United States as a staple crop for human food, as cattle feed, and as input for conversion to corn ethanol. The federal laws and rules for the corn ethanol industry were initiated in the 1970s and have continued today with ethanol subsidies. The federal corn ethanol sales pitch is for the United States to gain energy independence by lowering vehicle tailpipe emissions through the required blending of ethanol into the nation’s gasoline supply,...
Read More »Understanding Anti-Capitalist Fallacies
The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on. Original Article: Understanding Anti-Capitalist Fallacies [embedded content] Tags: Featured,newsletter
Read More »Markets versus State Healthcare Systems: Some Points of Contention
In discussions concerning improving access to medical services, the question of increasing public expenditure—along with introducing new technologies or further regulations—is often raised. These and other proposals are oriented toward public solutions as if a market-based alternative was completely groundless. However, market-based solutions may not only be a “complement” to public systems, but they may also have the potential to be used on an even-larger scale—to...
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