Listen to the Audio Mises Wire version of this article. [Editor’s Note: following reports that the Biden administration is planning to ban menthol cigarettes and flavored cigarettes , the following is an article by Murray Rothbard written in August 1994.] Quick: Which is America’s Most Persecuted Minority? No, you’re wrong. (And it’s not Big
Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them. Myth #1 Deficits are the cause of inflation; deficits have nothing to do with
[Excerpted from Murray Rothbard, The Progressive Era , Patrick Newman, ed. (Auburn, Al.: Mises Institute, 2016), chap. 11.] The Rockefellers and their intellectual and technocratic entourage were, indeed, central to the New Deal. In a deep sense, in fact, the New Deal itself constituted a radical displacement of the Morgans, who had dominated the
In the course of his interesting discussion of “The Politics of Political Economists,” Professor Stigler challenges the alleged view of Professor Mises that “economic statistics, or more generally quantitative economics — generates a radical political viewpoint.” Stigler asserts that the empirical student acquires a “real feeling” for the
[This article first ran in the June 1992 issue of Chronicle s (pp. 49–52)] In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic cuts in taxes and government spending, as well as a balanced budget, they were being
The Murray Rothbard wall poster depicts a graying professor pecking at a typewriter. His words rise magically from the machine and blend into a black flag of anarchy rippling above his head. Beneath the drawing is the caption: “Murray N. Rothbard—the greatest living enemy of the state.” The poster, like almost everything else relating to politics,
Ours is truly an Age of Statistics. In a country and an era that worships statistical data as super “scientific,” as offering us the keys to all knowledge, a vast supply of data of all shapes and sizes pours forth upon us. Mostly, it pours forth from government. While private agencies and trade associations do gather and issue some statistics,
Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts,
In the course of his interesting discussion of “The Politics of Political Economists,” Professor Stigler challenges the alleged view of Professor Mises that “economic statistics, or more generally quantitative economics — generates a radical political viewpoint.” Stigler asserts that the empirical student acquires a “real feeling” for the
An audio version of this Mises Wire is available here . The key issue in the entire discussion is simply this: shall the parent or the State be the overseer of the child? An essential feature of human life is that, for many years, the child is relatively helpless, that his powers of providing for himself mature late. Until these powers are fully
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.