From 1949 to 1962, two libertarian giants exchanged several letters until a sharp conflict caused the correspondence to cease abruptly. An American entrepreneur and a staunch libertarian-anarchist, Raymond Cyrus (R.C.) Hoiles (1878–1970) established an impressive newspaper syndicate that would eventually become known as Freedom Newspapers, Inc.—the largest libertarian communications network to date. The other, iconic Austrian economist Ludwig von Mises is so...
Read More »Why State Enforcement of “Fairness” is Wrong
There is a popular perception that the role of the state is to uphold and enforce “fairness” much like a playground monitor ensures that children are not bullying each other, and that everyone is getting a fair chance to be included in the game. The fear is that if teachers do not monitor the schoolyard it might descend into the Lord of the Flies. Likewise, the state is said to have a moral duty to ensure fairness and goodwill among all citizens in their interactions...
Read More »Past Tense
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »The Classical Economists’ Theory of Value Was More Sophisticated than You Think
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »Personnel is Policy for Kamala Harris
As the saying goes, “Personnel is Policy.” President Trump learned this the hard way, depending heavily on the very Washington, D.C. swamp creatures whose swamp he sought to drain. George W. Bush, having scant foreign policy experience himself, leaned heavily on a stable of neoconservative advisors, who had long pressed for another war with Iraq. What might a Kamala Harris victory in November portend for US foreign policy? Harris’s statements and advisors tell the...
Read More »Thousands of Years Later, Price Controls Are Still a Bad Idea
In 301 AD, Roman emperor Diocletian implemented price ceilings on over 1,200 goods. The silver coinage had been debased over the past 250 years, and the citizens were understandably unhappy about high prices. In 50 AD, each denarius had about 3.9 grams of silver, but then the empire debased the coins, sometimes in dramatic steps and sometimes more slowly. By 125 AD, the coins had less than 3 grams of silver. By 200 AD, it was less than 2 grams. There was another...
Read More »Democrats to Escalate Their War on the American Economy
Democrats didn’t even bother to wait for their 2024 National Convention in Chicago to appoint their replacement presidential candidate, Kamala Harris, and to tout the new economic planks to be added to the party’s platform. In her August 16th speech on the economy, she pledged her loyalty to the party’s current interventionist agenda, professing that the Biden regime’s policies have supposedly been good for the middle class and that she will continue to support...
Read More »Is There a Praxeological Ethics?
Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethicsby J.W. Rich; (Independently published, 2024, 153)I met J.W. Rich when he was a student last month at Mises University, and he mentioned to me that he was working on a book about praxeological ethics. He has now sent me the book, and it is very impressive indeed. It is remarkable in its scope, and in what follows I’ll indicate some points of the many insightful points in the book as well as a...
Read More »When Genocide, Snuff Films, Extra-Judicial Assassinations and Rape Are De Facto Legal
The totem words and adjectives we use to describe Israel, a perverse and pornographically murderous society, fail. One day flows into the next, each indistinguishable in the level of sadistic torture and carnage dreamed up by the IDF Einsatzgruppen.As televised vignettes at July’s end showed, the Israelis, a “bizarre specimen of moral laxity,” in the 1728 words of Southern gentleman William Byrd, had been openly rationalizing the need to codify in law the rape of...
Read More »Fewer Americans Are Willing to Fight and Die for Other Countries
A July poll shows that a majority of the American public does not support sending U.S. troops to defend Taiwan or Ukraine, sentiment that lines up with findings from other recent surveys on these heated subjects, which suggests that Americans appear to be warming to restraint and non-interventionism in international affairs.Indeed, another poll, conducted by the Chicago Council on Global Affairs in February found that a majority of Americans (56%) do not believe that...
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