Mises Wire In December 2019, the US trade account balance stood at a deficit of $48.9 billion, against a deficit of $43.7 billion in November and $60.8 billion in December 2018. Most …
In attempting to promote the libertarian viewpoint, particularly in its anarchic variety, one is faced with a variety of problems. Some problems are theoretical and are well treated in the comprehensive …
[Conceived in Liberty: The New Republic, 1784–1791. By Murray N. Rothbard. Edited by Patrick Newman. Mises Institute, 2019. 332 pages.] We owe Patrick Newman a great debt for his enterprise …
The Senate’s vote to acquit Donald Trump on both articles of impeachment this month brought a much-needed end to the tiring impeachment saga America has been subject to in the last …
Summarizing insights from Mises, Hume, and La Boetie, Bob Murphy argues that even the worst tyrants ultimately stay in power because people obey them. If the people withdraw their support …
From the very beginnings of the socialist movement and the endeavors to revive the interventionist policies of the precapitalistic ages, both socialism and interventionism were utterly discredited in the eyes …
Every time there is a budget debate, politicians from both parties will discuss the deficit and spending as if the first one did not matter and the latter could only …
In his State of the Union Address—February 4, 2020—President Trump outlined his reasons for punishing nations that manipulate their economies in order to achieve some internal policy goal, such as China. …
In the wake of the Brexit vote, Scottish nationalists have renewed their calls for a new referendum on Scottish independence. But many remain unconvinced, and many claim Scotland is “too small” to …
In his salient book Capitalism, Socialism and Democracy, Joseph A. Schumpeter explained that introducing new methods of production and new commodities to the market is inconceivable under perfect competition. But the …