The Prussian Aristocrat Who Spoke Out for Liberty
When Oswald Spengler, in one of his minor books, scornfully characterized German classical liberalism as “a bit of the spirit of England on German soil,” he was merely displaying the …
Mises Wire
America’s Economy Is Heading Down the Same Road as Italy’s
In 2015, I came to the United States from Italy to study at Indiana University as part of an exchange program. I remember one day I was particularly surprised to …
The Case Against the New “Secular Stagnation Hypothesis”
Abstract: The new “secular stagnation hypothesis” developed by Lawrence H. Summers attempts to justify why the demand stimulus applied in the aftermath of the global financial crisis failed to revive …
We Don’t Need a Central Bank to Deal with Changes in the “Demand for Money”
Historically, many different goods have been used as money. On this, Ludwig von Mises observed that, over time, . . . there would be an inevitable tendency for the less …
The Rise of Economic Fascism in America
When people hear the word “fascism” they naturally think of its ugly racism and anti-Semitism as practiced by the totalitarian regimes of Mussolini and Hitler. But there was also an …
Some Conservatives Still Pine for the Good Ol’ Days of Cannabis Prohibition
The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will …
Afghanistan: A Tragically Stupid War Comes to a Tragic End
Sunday’s news reports that the Biden Administration mistakenly killed nine members of one Afghan family, including six children, in “retaliation” for last week’s suicide attack which killed 13 US servicemembers, …
British Columbia’s Supreme Court Gets an F in Healthcare Economics
Canadian hospitals operate under fixed budgets dictated by the government. When this tax revenue is depleted before the end of the year, as often happens, new patients are put on …
Review: Chaining Down Leviathan: The American Dream of Self-Government, 1776–1865
How is it that America became a “strong but limited” government, and the world’s richest and most free country? That is the central question both considered and answered by Luigi …
Even the Fed Thinks Current Debt Levels Are Unsustainable
A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective? In March …