Protectionism Is Immoral, Unjust, and Corrupt
If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is …
Mises Wire
In a Free Economy, Prices Would be Going down, Not Up
Whenever politicians and media outlets discuss inflation, they invariably use the Consumer Price Index (CPI) as their measure. The CPI is only one of several price indices on top of the …
A Strategy for the Austrian School
The weekend revolves around a discussion of strategy. Nearly 25 years ago, Professor Hans-Hermann Hoppe delivered his famous “What Must Be Done” speech on the pressing topic of how—and whether—to …
The Left Still Pines for Socialist War Planning
Left-leaning economists often look back with nostalgia to the 1950s. Paul Krugman and Thomas Piketty, for example, long for the 1950s, when the income and wealth gap between the rich …
Industrial Policy—a.k.a. Central Planning—Won’t Make America Great
Across the political aisle pundits are suggesting industrial policy as a tool to contain the ascent of China. Commentators worry that failure to do so might result in China eclipsing …
There’s Nothing Hawkish About the Fed’s New Tapering Plan
The Federal Reserve concluded its November Meeting of the Federal Open Market Committee on Wednesday. According to the FOMC’s statement, the Fed now plans to taper beginning in mid-November by …
The Madness of Taxing Unrealized Capital Gains
President Biden’s proposal to require roughly 700 U.S. billionaires to pay taxes annually on unrealized capital gains has garnered wide support by Democrats as another step to make the rich …
Election 2021 Autopsy: Dem Disaster in VA
“Let’s Go Brandon!” scored an early win in Virginia, and hurt Democrats in New Jersey. Suburban voters seem to hate Critical Race Theory in schools more than they disliked Donald …
The Sovietization of America
Yuri Nicholas Maltsev is an Austrian school economist and economic historian from Tatarstan. He earned his BA and MA degrees from Moscow State University and PhD in labor economics at …
What “Inflation” Really Means
Most commentators label increases in the prices of goods and services over a period of time as inflation. Ludwig von Mises however, held that the popular definition of inflation is …