What Igbo Culture Teaches Us about Capitalism
The Igbos are one of many ethnic groups within Africa. They consist of about 43 million people, 40 million of whom live within Nigeria. They are widely successful in Nigeria and are considered …
Mises Wire
Mises on Nationalism, Colonialism, and the Right of Self-Determination
For Mises, liberalism first emerged and expressed itself in the nineteenth century as a political movement in the form of “peaceful nationalism.” Its two fundamental principles were freedom or, more …
Monetary and Fiscal “Stimulus” Is Undermining the Global Recovery
Expansionary monetary and fiscal policies have gone into overdrive all over the world since the beginning of the pandemic. This raises the obvious question of how long they can last …
Walter Block on The Ethics of Liberty
Murray Rothbard’s The Ethics of Liberty is a sweeping treatise which creates nothing short of a normative political philosophy of liberty. Contra Hume, Rothbard attempts to derive an “ought” from …
These European Countries Beat Poverty and Increased Wealth with Low Taxes and Low Regulation
Social democrats love to denounce low-tax, probusiness regimes as “neoliberal” and as places with more poverty. But the reality is that parts of Europe that embraced markets most reduced poverty …
Why the Misuse of the Word “Efficiency” Is Such a Problem
An important impediment to understanding valuable insights economists have to offer is that they have trained people to ignore their pronouncements on efficiency. Economists’ common use of a standard of …
The Media Wants You to Trust Washington Again Now That Trump Is Gone
Perhaps reporter Michelle Kosinski is unaware that the Trump-era secrecy she denounced flourished mightily thanks to the beloved Obama administration. Kosinski’s mindset also helps explain why Americans’ trust in the …
Family Economics: Specialization versus the Division of Labor
The family provides enormous economic advantages to daily life and civilization as a whole. But the extended and even nuclear family have been eroding thanks to changes in government policy, …
A Review Essay of Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement by Brian Doherty
The outstanding merit of Brian Doherty’s book is that it contains a treasure trove of valuable information regarding the events, personalities, periodicals and organizations whose complex interplay influenced the intellectual …
Four Myths about Money That Ought to Die Forever
With the possible exception of international trade, no topic in economics contains more myths than monetary theory. In the present article I address four popular opinions concerning money that suffer …