Through the sheer power of his intellectual output, Ludwig von Mises established himself as one of the most important intellectuals of the twentieth century. His work Human Action remains a foundational text of the Austrian school. His critique outlining the impracticality of socialism was vindicated with the fall of the Soviet Union and remains without a serious […]
Humane: How the United States Abandoned Peace and Reinvented Warby Samuel MoynFarrar, Straus and Giroux, 400 pp. Samuel Moyn is a distinguished intellectual historian who teaches both history and law at Yale. His earlier books were written for an academic audience, but in Humane he has an urgent message that he wishes to convey to the […]
In the age of covid, governments have decided to embrace a new kind of policy: they’ll hold the population hostage until the public complies with what the state wants. Original Article: “Covid Lockdowns Signal the Rise of Public Policy by Ransom“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
For most commentators lending is associated with money. However, is this the case? When a saver lends money, what he/she in fact lends to a borrower is final consumer goods that he/she did not consume. Therefore, what a lender lends to a borrower is savings and not money as such. Take farmer Joe, who produced two kilograms of […]
As Angela Merkel prepares her exit from the chancellery in Berlin, a false alarm is ringing in Europe about an imminent danger of “stagflation.” This phenomenon, like dragons, belongs to mythology rather than real historical or present circumstances. The noise will prevent any faint alarm being heard about the true danger of post-Merkel monetary deluge […]
1930, Columbia professor Karl Llewellyn published The Bramble Bush, his famous tract on how to think about and study law. Llewellyn urged readers to consider both law and custom when seeking to understand a society, to recognize the difference between the black letter legal codes and the day to day practices of state officials and citizens. […]
It will come as yesterday’s news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters. Original Article: “In Defense of the Speculator“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Entrepreneurs are developing a new world of innovative business models far from regulated markets, crony capitalism, and corporate control. It’s a new world of cyber security, free software, value-for-value exchange, integrated with bitcoin. Max Hillebrand operates in this new world, and he shares both his vision and his expertise on the Economics For Business podcast. Key […]
Since 2020, public health technocrats and their allies among elected officials have clung to the position that absolutely every person who can possibly get a covid vaccine should get one. Both the Mayo Clinic website and the Centers for Disease Control and Prevention website, for example, insist that “research has not yet shown” that people who have […]
The very size and scope of the United States federal government is likely something that Ludwig von Mises could not have imagined, despite writing the book which foretold the results of such a behemoth, Bureaucracy. Early on Mises wrote, “Congress has in many instances surrendered the function of legislation to government agencies and commissions, and […]