The Future of Trump’s Populism
The GOP is at its worst when it’s run by the old Bush-Romney-Cheney faction that was in power before Trump. Will “Trumpism” endure, or will the party go back to …
Mises Wire
Biden’s Covid “Supply Commander” Is Bad Medicine
Included in his plans to fight the coronavirus, presumptive president-elect Joe Biden has pledged to appoint “a fully empowered supply commander in charge of filling in the gaps” in the production …
Why Commies Hate Your Thanksgiving Dinner
In 1923 Lenin released a propaganda pamphlet titled Down with the Private Kitchen. It explained how private dinners with one’s family are reactionary, bourgeois, and generally something requiring total destruction. …
Socialist Robert Heilbroner’s Confession in 1990: “Mises Was Right.”
I have discussed the origin of Mises’s 1920 article “Economic Calculation in the Socialist Commonwealth” here. That article provided the theoretical framework to understand why socialist economic planning is inherently irrational. Today, …
China’s New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes
The trouble with China’s new five-year plan is that it attempts to solve problems while leaving their underlying structural causes unaddressed. In this it is not unlike the final Soviet …
In October, Money Supply Growth Remained Near All-Time Highs
In October, money supply growth fell slightly from September’s all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago. October’s easing in money-supply growth comes …
Let Slip the Dogs of Secession
Break It Up: Secession, Division, and the Secret History of America’s Imperfect Unionby Richard KreitnerLittle, Brown, 2020viii + 486 pages The extreme polarization in American politics today has led many …
The Right to Own a Gun Isn’t Just for Americans
Private firearms ownership decentralizes coercive power, transferring some of it from the state to the private individual. Naturally, political regimes oppose this. But even many non-Americans embrace private arms. Original …
Why Marx Never Figured Out How to Distribute Goods in a Socialist Society
Contra Marx, Mises understood that human desires and needs are not determined merely by biology. Karl Marx held that human interests are “uniquely and entirely determined by the biological nature of …
Covid Is Just the Latest Excuse for Canada’s Politicians to Violate the Constitution
In terms of their widespread application and rapid implementation, covid-19 policies have been the most egregious violations of Canada’s constitution, ever. But my opinion doesn’t matter, because judges are the …