Does America simply lack the political will to face economic reality? In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other words, to resist bailing out any industry through state intervention. This was a
“Today the tenets of this nineteenth-century philosophy of liberalism are almost forgotten. In the United States “liberal” means today a set of ideas and political postulates that in every regard are the opposite of all that liberalism meant to the preceding generations.” —Ludwig von Mises, 1962 (emphasis added) F.A. Hayek is back in the public
David French, maybe National Review ’s most reliably wrong scribe, issued this gem in response to the FBI raid on Donald Trump’s residence in Florida: Imagine thinking federal police agents and lawyers will be “held accountable,” or that presidents are not above the law! Is this an afterschool special? “Let’s wait and see, folks, before we judge
Matt McManus, a lecturer at the University of Michigan, has published in Jacobin an article under the less-than-engaging title “Ludwig von Mises Was a Free-Market Ideologue, Not a Hardheaded Thinker.” In the article, McManus raises some points of philosophical interest, but unfortunately his evident animus against Mises interferes with his
In last week’s column, I mentioned that regulation of drugs was among the important subjects Andrew Koppelman discusses in his thoughtful book Burning Down the House , and this week I’d like to look at what he has to say on this topic. To understand his arguments, though, what he says needs to be put in a wider philosophical framework. As he sees
Last week the Edmund Burke Foundation played host to the third annual National Conservative Conference in Miami, Florida, bringing together several of the preeminent political and intellectual leaders in the contemporary Right. Organized by Yoram Hazony, this year’s NatcCon brought together diverse segments of a conservative movement that has been
Melinda Cooper is professor of sociology at the Australian National University, and in her article “ The Alt-Right: Neoliberalism, Libertarianism and the Fascist Temptation ” published in the journal Theory, Culture and Society in 2021, she has some remarkable things to say about Murray Rothbard, remarkable, I fear, in that they are grievously in
Senator Ferdinand Marcos Jr. has been making headlines lately as the presidential race in the Philippines runs ever closer toward the 2022 elections in May. On the local level, at the time of this writing, he maintains a commanding lead in polls and opinion surveys despite opting out of public debates against other candidates. With overwhelming
So-called liberal democracies have characterized the West for the past century and are viewed as the pinnacle of political development. So much so that Western elites are firmly convinced that this system of governance should be spread far and wide—be it indirectly (color revolutions) or directly (economic sanctions, kinetic military actions, or
Egypt is considered a former socialist state and a country where the tentacles of Marxism can still be found, buried deep within almost every institution, something I have observed having lived there many decades. As I watch and listen to so-called leftists and socialist activists from Europe and North America preach about the need for wealth
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.