What an Independent Britain Could Learn from Singapore
Imperial nostalgia leads Europeans to adopt the prejudice that the prosperity of a civilization depends on its ability to transform itself into a vast empire. Hence the anxious atmosphere that …
Mises Wire
Lysander Spooner: Libertarian Pietist
[This article is excerpted from Murray Rothbard’s introduction to “Vices Are Not Crimes: A Vindication of Moral Liberty,” by Lysander Spooner. It is also available in PDF along with the …
Why Marx Was Against Individual Rights
People are unequal in abilities and circumstances, and because of this, attempts to make them equal by force will inevitably violate their rights to live in freedom. If people have …
Why the Drug War Makes Drugs More Potent
Ever since the beginning of the American state’s so-called war on drugs, there has been a significant increase in drug potency, which resembles the trend that occurred during alcohol prohibition …
Why the Drug War Makes Drugs More Potent
Ever since the beginning of the American state’s so-called war on drugs, there has been a significant increase in drug potency, which resembles the trend that occurred during alcohol prohibition …
What Is Capital?
[Editor’s note: In this selection, Bastiat explains the role of capital in building wealth, and why it is moral and proper that owners of capital ought to collect interest on …
The Problem with Democracy? Letting Everyone Do It
[Review of Against Democracy, by Jason Brennan. Princeton, NJ: Princeton University Press, 2016. 304 pages.] Growing up in the United States, one gets the impression that democracy is next to …
Healthcare and “Market Failure”
In the face of illness and suffering, private markets for healthcare services allegedly fail. Since the 1960s, neoclassical economists have legitimized the regulation and collectivization of this sector under the …
The Place of Human Action in the Development of Modern Economic Thought
Volume 2, No. 1 (Spring 1999) The core of any system of economic theory is the explanation of how prices are determined. As Mises (1998, p. 235) himself put it, …
George Bailey, Capitalist Hero
Every December, my family and I watch Frank Capra’s cinematic masterpiece It’s a Wonderful Life. It has only recently become a Christmas tradition in my family, largely because my silly …