Tag Archives: 6b) Mises.org

We hear plenty about threats to American democracy: Donald Trump’s a threat, the Republican party is a threat, and any number of other people or political parties are threats. Now it’s ExxonMobil’s purchase of Pioneer Natural Resources. Jeff D. Colgan, a professor of political science and the director of the Climate Solutions Lab at Brown University, wrote in an easily missed piece entitled “Exxon Mobil’s Pioneer Acquisition Is a Direct Threat to Democracy” for the...

As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects. Original Article: Mises on the History of Warfare [embedded content] Tags: Featured,newsletter

The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. Austrian business cycle theory provides a profound understanding of how artificially inflated booms sow the seeds of their own destruction. Delving into the depth of this...

This article was originally published in Libertarian Outlook (vol. 1, no 1, August 1985). This was the only issue of the magazine that was ever published. Permission was granted by Eric Garris, one of the original coeditors, to reprint this article on mises.org. Libertarians have devoted so much time and energy to the important cause of repealing laws against victimless “crimes” that we have tended to neglect an equally important social problem: crimes with victims,...

Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid. Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State [embedded content] Tags: Featured,newsletter

Quit College—or Better Yet, Don’t Even Start When I was in university a decade ago, this was some wacky, contrarian advice. It wasn’t unheard of for intellectual, middle-class youngsters to opt out of college, and it was still the early days of efforts like Praxis, but realistically there didn’t seem to be any alternatives. So, I went to university because that’s where you learn things and become a grown-up . . . or something. These days, half of American parents say...

Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars. Original Article: Federal Flood Insurance Drains Taxpayers [embedded content] Tags: Featured,newsletter

​Why are we using state money instead of market money? Put another way, why can’t we select the money we want to use? Cryptocurrencies are a market alternative, but they haven’t put state money out of business yet. If they ever threaten to do so, the state can prohibit them. Market money is sound because of two essential features. First, it represents the market’s choice of a universally accepted medium of exchange, and second, it shackles government to a great...

The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error. Original Article: Reason versus Emotion in Economics: A Praxeological Response [embedded content] Tags: Featured,newsletter

The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender. Original Article: No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors [embedded content] Tags:...