Tag Archives: Featured

“First of all, don’t target civilians.”~Murray Rothbard’s first principle of just war in his essay, “Just War”Like Hans Hoppe I have been a friend of Walter Block’s for decades. I co-authored a book and an article with him, sponsored a guest lecture by him at my university; lectured twice at his invitation at Loyola University New Orleans; wrote dozens of online articles in his defense when he was libeled by the administrators of Loyola University Maryland for giving...

The Link between Economic Calculation and Human PersonalityEconomists and historians have clearly shown that the destruction of the value and function of money by hyperinflation makes economic calculation impossible and leads to economic and social disintegration and widespread poverty. What is not so clearly understood, even by many economists, is that during periods of rapid inflation, the inability to economically calculate undermines the very nature of property...

The Failure of American Conservatism and the Road Not TakenBy Claes G. RynRepublic Book Publishers, 2023; 468 pp.Claes Ryn, a leading conservative intellectual who taught politics for many years at the Catholic University of America, is by no means a libertarian, but readers of The Misesian can learn much from this book. I’d like to discuss two topics: first, the criticism of Harry Jaffa and his mentor, Leo Strauss; and second, the full-scale assault on the Wilsonian...

The Biden administration’s recent decision to pause an arms sale to Israel elicited predictable reactions from advocates for both sides of the Gaza War represented in the United States, and while that decision did not stop other arms shipments to Israel, it underscores the political significance of arms sales as an instrument of US foreign policy and intervention in foreign conflicts. Joe Biden’s Department of State recommended the pause in arms sales over concerns...

I realize that this is not usually the forum for television critiques, and I am certainly no television critic. Nonetheless, while I very much enjoyed the show, there were some issues raised in the new Prime drama Fallout that made my Austrian senses tingle. I often find that when I discuss politics or philosophy with people, I am constantly asked or expected to defend positions that I have never occupied and would never occupy.This seems due to imprecise...

Overview: Stocks and bonds are lower today, and the dollar is slightly firmer having extended yesterday's recovery. Most of the G10 currencies are lower, though the Japanese yen has recovered from after falling to its lowest level since May 1. Slightly softer than expected German states' CPI did the euro no favors. It was sold to a three-day low near $1.0830 before stabilizing. Sterling steadied after dipping briefly below $1.2750. Most emerging market currencies...

Earlier this month, The Atlantic ran an article by Rogé Karma arguing that after nearly half a century of commitment to unmitigated free trade, politicians and thought leaders in both parties are making a historic turn toward protectionism. This characterization has been gaining popularity in recent years, appearing in articles and reports by both opponents and proponents of America’s supposed protectionist turn.From The Atlantic article:Since the 1980s, American...

USD/CHF took a dip in Tuesday’s session and fell to 0.9110. Despite the Consumer Confidence index in the US and Housing prices exceeding expectations, the USD remains weak. The Federal Reserve maintains a cautious stance, asking the market for patience, which keeps the odds for rate cuts in June or July low. The USD/CHF pair is trading lower, despite optimistic signals from the US economy, specifically in the Housing market, and Consumer...

Rick Rozoff recently sent me a message that helps us understand a basic feature of socialized medicine. It is closely associated with death. Socialists complain that the free market makes medical care “too expensive” for the poor and middle class. Because of this, they propose to provide “free” medical care for everybody. Of course, it isn’t free. It’s either paid for by taxes or inflation, which is itself a cruel tax.But once the “free” care is...

Those unfamiliar with American electoral politics may be puzzled by America’s presidential elections. Recently, it seems as though most elections result in two largely unpopular candidates winning their party’s nomination, but no viable third option emerges. While the United States does allow candidates to run as independents or under third-party banners, these candidates rarely make an impact at the national level.The reasons for this are largely found in the...