News
The Myth that Won't Die: "War is Good for the Economy"
20+ hour, 35+ min ago (140+ words) One of the legacies of Keynesian thought is the belief that war is "good for the economy." While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war "creates" are economically undesirable.Original article:…...
When Corporations Resist the State: Ethics, AI, and the Limits of Government Power
1+ day, 9+ hour ago (280+ words) Such measures reveal a model in which economic power is tolerated only insofar as it serves state objectives. Private enterprise exists, but autonomy remains conditional. Businesses can grow rapidly, accumulate capital, and innovate technologically, yet ultimate authority rests with the…...
Gold Whiplash and the Petrodollar
1+ day, 3+ hour ago (216+ words) On the latest episode of Minor Issues, Mark Thornton shares his interview with Charlotte McLeod of Investing News Network, unpacking the sharp swings in gold and silver since late 2025. Mark connects the selloffs to a tightening business cycle and a…...
Why Naive, Pro-Democracy Classical Liberalism Doesn't Work
1+ day, 18+ hour ago (194+ words) In this lecture from the 2026 Libertarian Scholars Conference, Ryan McMaken looks at how the old classical liberal program of democracy and constitutions has failed, and why we need a more realist view of the state and its many crimes. Be…...
Why the Post Office and Non-Profits Share a Socialist Calculation Problem
2+ day, 55+ min ago (435+ words) That insight helps explain why state-owned firms often live in a gray zone. They are not in the same position as a fully socialist economy, because they can "borrow" many prices from surrounding markets. Mises himself noted that publicly-owned enterprises…...
The Golden Rule
2+ day, 3+ hour ago (361+ words) [Money, Sound and Unsound by Joseph T. Salerno (Ludwig von Mises Institute, 2010; xxvi+ 616 pp.)] In his introduction, a full-length essay, Salerno explains the currency school's key doctrine and locates some flaws in it: Displaying his ability to use the history of…...
Barter, Media of Exchange, and Colonial America
2+ day, 43+ min ago (121+ words) Despite the claims of the chartalists and modern monetary theory advocates, early American monetary history tells a much different story. In fact, much of the historical evidence illustrates Menger's theory.Original article: https://mises.org/mises-wire/barter-media-exchange-and-colonial-america Barter, Media of Exchange, and Colonial America…...
The Ideological Impregnation of Thought
1+ day, 23+ hour ago (141+ words) However one may turn the matter, one cannot discover any reason why an ideological distortion of truth should be more useful to the bourgeoisie than a correct theory.Original article: https://mises.org/mises-daily/ideological-impregnation-thought The Ideological Impregnation of Thought However one may turn…...
Roger Garrison: Pioneer of Digital Pedagogy at the Dawn of the Internet Age
2+ day, 7+ hour ago (395+ words) [This tribute to the late Roger W. Garrison (19442026) was delivered at the opening reception of the Austrian Economics Research Conference (AERC) in Auburn, Alabama on March 19, 2026.] First, we transferred his large gradebook from paper (in those days it was a wide…...
Corruption in the System
2+ day, 17+ hour ago (108+ words) Government corruption isn't an anomaly. It is part of the system itself. We should expect government to be corrupt. Free markets are the antidote to this corruption.Original article: https://mises.org/mises-wire/corruption-system Corruption in the System Government corruption isn't an anomaly. It…...