We’re in the Middle of a Long War with the State
The term “the state” is a term that gets thrown around a lot with various meanings. Even excluding the confusing American terminology in which the United States is composed of …
Mises Wire
Finnis on a Problem for Property Rights
John Finnis, for many years a professor at Oxford, is one the world’s greatest legal philosophers. Along with the late Germain Grisez, he is the foremost defender of a version …
1789: The Electoral College Meets for the First Time
With all but two relatively obscure states—Rhode Island and North Carolina—having ratified the Constitution, the Confederation Congress was now ready to put the new federal government in place. As soon …
Mises University 2022
Mises WireThe Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von …
Private Investment Is the Answer to Declining Postindustrial Towns
My town, Tallassee, Alabama, is an old mill town. It straddles the Tallapoosa River, which is dammed at that point by the Thurlow Dam to generate electricity. On both sides …
Government Debt Is Starting to Look Almost as Sketchy as Payday Loans
As government seek ever larger amounts of debt to finance more spending, they’re embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, …
This Is a Weak Jobs Recovery
The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. Original Article: “This …
Why Capital Goods Are the Key to Economic Progress
[This article is excerpted from chapter 18 of Human Action] If one were to measure the length of the period of production spent in the fabrication of the various goods …
Matt McCaffrey: Austrian Business Strategy (Part 2): Principles
Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said about …
Secession and the Production of Defense
[Chapter 11 of The Myth of National Defense: Essays on the Theory and History of Security Production, edited by Hans-Hermann Hoppe (Auburn, Ala.: Mises Institute, 2003), pp. 369–413.] Few people …