Nationality: You Belong to the State
There are two types of nationality. The first, as defined by Ludwig von Mises, involves people united by common languages and customs. The second is defined by the state.
Mises Wire
The Destabilizing Stabilizers: Why Increasing Government Spending Prolongs a Recession
Keynesian theory says that the way to end a recession in which the economy is in a “liquidity trap” is for government to ramp up spending. Murray Rothbard demonstrated that this policy actually blocks an economic recovery.
Three Reasons why the French Revolution Was So Different from the American Revolution
In America, French-style violence was simply unnecessary for the revolutionaries to win, and we will never know if the Americans might have resorted to greater violence in different circumstances.
Ludwig Lachmann and the Role of Uncertainty in Economic Affairs
While not as effective an economist as Ludwig von Mises or Murray N. Rothbard, Ludwig Lachmann played an important role in the revitalization of Austrian economics after 1974.
Profiting from Government Didn’t Begin with Trump
Trump has made his family billions by courting foreign and corporate money and accepting extravagant gifts while in office. But he didn’t bring self-enrichment to Washington, he simply made it much harder to ignore.
The Wealth Tax Revival Is Repeating a Failed Experiment
California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.
The Importance of Teleology in Understanding Economic Inequality
As long as the explanation for human behavior seems logical and fits their worldview, people can carry on mistakenly believing that they can identify causal relations from studying group disparities.
Macroeconomic Data Is Really a Tool for Government Intervention
Murray Rothbard wrote that statistics are the lifeblood for government intervention. Based on certain presuppositions, statistics allow interventionists to identify “problems” to solve.
Central Banking: The Scourge of Civilization
Despite claims that the Federal Reserve System is a “stabilizing” force in the US economy, the truth is that the Fed is and has been the main engine of inflation for more than a century.
Rothbard vs. the Conservatives on the American and French Revolutions
Contained within Rothbard's multi-volume history of the American Revolution, Conceived in Liberty, is an extended argument against the dominant conservative narrative on the American Revolution and the French Revolution.
