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Tag Archives: Featured

Ludwig von Mises: Remembering a Fountainhead of Modern Libertarianism

Reprinted from Mises.org September 29 marks the birth of Ludwig von Mises, who Guido Hulsmann’s biography, Mises: The Last Knight of Liberalism, argued was the 20th century’s foremost economist. Mario Rizzo credits him with “probably the most important single economic idea of the last century: rational economic calculation is impossible under socialism, and attempts to put such a system in place will only impoverish the citizenry.” Brian Doherty called him “the fountainhead of modern...

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Luxuries into Necessities

This article originally appeared in the the New York University Graduate School of Business Administration Newsletter, volume 1, number 4, spring 1956. It was later republished as chapter 5 of Economic Freedom and Interventionism (1980). Reprinted from Mises.org About 60 years ago Gabriel Tarde (1843–1904) the great French sociologist, dealt with the problem of the popularization of luxuries. An industrial innovation, he pointed out, enters the market as the extravagance of an elite before it...

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What to Do Until Privatization Comes?

Excerpted from Making Economic Sense.  Reprinted from Mises.org Free-market advocates are clear about what should be done about government services and operations: they should be privatized. While there is considerable confusion about how the process should be accomplished, the goal is crystal-clear. But apart from trying to speed up privatization, and also forcing that process indirectly by slashing the budgets of government agencies, what is supposed to be done in the meantime? Here,...

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The Eight Marks of Fascist Policy

The most definitive study on fascism written in these years was As We Go Marching by John T. Flynn. Flynn was a journalist and scholar of a liberal spirit who had written a number of best-selling books in the 1920s. It was the New Deal that changed him. His colleagues all followed FDR into fascism, while Flynn himself kept the old faith. That meant that he fought FDR every step of the way, and not only his domestic plans. Flynn was a leader of the America First movement that saw FDR’s drive...

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Lack of Police Accountability Shows the “Social Contract” Isn’t Working

Reprinted from Mises.org In the wake of the Florida school shooting earlier this month, Broward County police deputies are being accused of hiding outside the school while students were being murdered inside. Moreover, both the Sheriff’s department and the FBI are being accused of failing to follow up on clear and repeated threats made by the school shooter against others. The FBI already admits it failed to follow its own protocol when it failed to pass on key information to the Miami...

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Debt and War

Last week marked the tenth anniversary of the collapse of the Lehman Brothers investment bank and the subsequent onset of the global financial crisis. What caused the crisis, how was it addressed and how has it continued to affect us up to the present day? The 2008 crisis was caused by reckless lending. Low interest rates made mortgage payments more affordable and enabled people to borrow more money to buy homes. This increased borrowing in turn pushed up home prices. People on the sidelines...

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The Living Reality of Military-Economic Fascism

Reprinted from Mises.org “The business of buying weapons that takes place in the Pentagon is a corrupt business — ethically and morally corrupt from top to bottom. The process is dominated by advocacy, with few, if any, checks and balances. Most people in power like this system of doing business and do not want it changed.” – Colonel James G. Burton (1993, 232) In countries such as the United States, whose economies are commonly, though inaccurately, described as...

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Why Do People Assign Value to Paper Money?

Reprinted from Mises.org Demand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is however not so, with regard to the pieces of paper we call money — why do we accept them? Following the view of Plato and Aristotle, economists regard the acceptance of money as an historical fact introduced by the government decree.1 It is government decree, so it is argued, that makes a particular thing accepted as the...

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IS THE SHARING ECONOMY EXPLOITATIVE?

Reprinted from Mises.org There’s a whole lot of buzz about the sharing economy. Many seem to think it is something new, with some calling for a ‘new economics’ to explain it while others deride the ‘gig economy’ as a higher level of exploitation, inequality, and poverty. Neither is a good analysis. First things first: the sharing economy was facilitated by advances in technology alongside consumer preferences changing from goods to services and thus from...

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Facebook icon LinkedIn icon Twitter icon On The Duty Of Natural Outlaws To Shut Up

[This article originally appeared in the publication New Libertarian in April 1985.] Reprinted from Mises.org Since anarchists and other libertarians are, to say the least, an em­battled minority, we have tended to be indulgent toward anyone and everyone in our ranks, even those who have been busily pecking away at the vitals of the libertarian position; Or, to change our meta­phor, who have been picking off stragglers as we try to continue our march against the State. Without going all the...

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