After the War to Prevent Southern Independence and the assassination of Lincoln the federal government was said to possess a “treasury of virtue.” The Republican Party, which was the federal government, with a decades-long monopoly of power rivaled only by the Bolsheviks in Russia, made sure that the government-run schools would preach this
Thomas DiLorenzo’s letter in defense of Microsoft appears in the Wall Street Journal, Wednesday, July 29, 1998: Robert Bork is decades behind the times in antitrust scholarship if he believes there is no efficiency rationale for product bundling (”it produces no significant efficiencies”) or exclusive dealing contracts (”their sole function is to
The Clinton administration and its friends are using global financial problems to push an antiquated agenda. These unreconstructed Keynesians are calling for a “Global New Deal,” ostensibly to put an end, once and for all, to the business cycle. President Clinton championed this view in a speech before a joint meeting of the World Bank and IMF. He
For decades the Congressional Budget Office and the Office of Management and Budget have consistently understated the benefits of tax cuts with “static analysis” that ignores how such policy changes provide added incentives to work, save, and invest. The result has been bigger and more powerful government at the expense of a smaller private
People who advocate tax-funded school vouchers for private schools frequently hail the G.I. Bill of Rights education vouchers for World War II veterans as a model. In truth, the G.I. Bill was a budget-busting middle-class entitlement scheme that had destructive effects on higher education, and set the stage for virtually all our current
Any settlement between “Big Tobacco” and various state governments would cement in place two destructive precedents: that government has the “right” to control virtually all that we consume and that individuals need not be held responsible for their own foolish behavior (like smoking) as long as a corporation with deep pockets can be blamed
If there were justice in the world, Joan Claybrook, the head of the National Highway Transportation Safety Administration during the Carter administration, would be handcuffed to the steering column of a Volkswagen Beetle while an air bag was repeatedly blown up in her face. While in the government Claybrook forced on us the mandatory air bag
The journalist, television commentator, and former presidential candidate Patrick J. Buchanan has been sharply criticized by his fellow Republicans for allegedly betraying Republican party “free-market” principles in his book, The Great Betrayal . In the book Buchanan argues for protectionism and claims to have presented the strongest case ever
Two winters ago back-to-back Nor’easters slammed the mid-Atlantic coast in Maryland and Delaware, causing significant beach erosion and damage to vacation homes, boardwalks, and businesses. Being the owner of a condo in Ocean View, Delaware, I went down to check on any damage. Although it was the middle of February, the ocean resort towns were
The nauseating and psychophantic blather in the media about “America’s Royal Family” and its “tradition of public service” seemed to go on forever after JFK, Jr., “America’s Prince,” killed himself, his wife, and his sister-in-law in a plane crash off Martha’s Vineyard. The media circus ended its “coverage” with its anointment of Kathleen
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.