1+ day, 11+ hour ago   (444+ words) Mark Thornton opens with an interview from the Rothbard Graduate Seminar on what makes Austrian economics distinct, why the Mises Institute matters, and how Böhm-Bawerk, Mises, and Austrian business cycle theory help students understand prices, capital, interest rates, socialism, skyscrapers,…...

1+ day, 12+ hour ago   (134+ words) We are told ad nauseum that the capitalist system runs on greed. In reality, a successful economy depends mostly upon trust. In this week’s Friday Philosophy, Dr. David Gordon takes on Daron Acemoglu’s What Happened to Liberal Democracy? Remaking a…...

1+ day, 12+ hour ago   (170+ words) Politicians sell business regulation as benefiting consumers. In reality, as we saw from airline regulation, the system creates cartels that shut out consumers and benefit regulated businesses. We are told ad nauseum that the capitalist system runs on greed. In…...

2+ day, 13+ hour ago   (115+ words) A common misconception about the French Revolution is that it was some sort of classical liberal or libertarian revolution.Original article: https://mises.org/mises-wire/why-french-revolution-was-not-libertarian-revolution Why the French Revolution Was Not a Libertarian Revolution A common misconception about the French Revolution is that…...

2+ day, 15+ hour ago   (250+ words) “Trust is the foundation of society. Where there is no truth, there can be no trust, and where there is no trust, there can be no society. Where there is society, there is trust, and where there is trust, there…...

2+ day, 5+ hour ago   (254+ words) This week, Bob talks with Dr. Patrick Newman about his new book, Cronyism: Rise of the Corporatist State, 1849–1929, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of…...

2+ day, 6+ hour ago   (315+ words) There is nothing new about the perils for peace and liberty which stem from the combination of monetary inflation and technological revolution. Indeed, we can find a prime illustration at the dawn of the modern age during the Northern Renaissance…...

2+ day, 6+ hour ago   (358+ words) [What Happened to Liberal Democracy? Remaking a Politics of Shared Prosperity by Daron Acemoglu. Dutton, 2026; x + 403 pp.)] He recognizes that people need liberty and property, but these are not absolutes, and, contrary to libertarians, they are not enough. Libertarianism, which…...

2+ day, 10+ hour ago   (140+ words) A brief episode of competition in the early telephone industry demonstrates that, even when hampered, competitive pressure challenged the state-created telephone monopoly. Exploring this territory allows us to imagine the possibilities of what could have been in true a free…...

2+ day, 12+ hour ago   (749+ words) There is a common myth that “public utilities,” including the telephone, were so-called “natural monopolies,” that is,...when production technology, such as relatively high fixed costs, causes long-run average total costs to decline as output expands. In such industries, the…...