Mises Wire

While not as effective an economist as Ludwig von Mises or Murray N. Rothbard, Ludwig Lachmann played an important role in the revitalization of Austrian economics after 1974.

Trump has made his family billions by courting foreign and corporate money and accepting extravagant gifts while in office. But he didn’t bring self-enrichment to Washington, he simply made it much harder to ignore.

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.

As long as the explanation for human behavior seems logical and fits their worldview, people can carry on mistakenly believing that they can identify causal relations from studying group disparities.

Murray Rothbard wrote that statistics are the lifeblood for government intervention. Based on certain presuppositions, statistics allow interventionists to identify “problems” to solve.

Despite claims that the Federal Reserve System is a “stabilizing” force in the US economy, the truth is that the Fed is and has been the main engine of inflation for more than a century.

Contained within Rothbard's multi-volume history of the American Revolution, Conceived in Liberty, is an extended argument against the dominant conservative narrative on the American Revolution and the French Revolution. 

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.

The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.

We are told ad nauseum that the capitalist system runs on greed. In reality, a successful economy depends mostly upon trust.