News
America’s Gerontocracy Goes Deeper than Aging Politicians
1+ hour, 25+ min ago (863+ words) Senator Lindsey Graham died seemingly out of the blue over the weekend after a tear in his aorta. He was 71 years old. The news was shocking, in part because Graham was a very active senator—he was just returning from…...
An Austrian Perspective on Lolcows
1+ day, 2+ hour ago (116+ words) Lolcows, part of the world of internet personalities, would seem well beyond the world of economic analysis. Yet, much of what happens can be explained by the paradigm of Austrian economics.Original article: https://mises.org/mises-wire/austrian-perspective-lolcows An Austrian Perspective on Lolcows Lolcows,…...
Why Do So Many Intellectuals Hate Free Markets?
17+ hour, 57+ min ago (216+ words) Why do so many intellectuals despise the market that sustains them? Ralph Raico weighs Hayek's theory of "scientism" against Schumpeter's portrait of a resentful, over-produced intelligentsia—and finds both wanting, pointing instead to the harder puzzle: why capitalism's most successful…...
The UK’s Monstrous Equality Act
20+ hour, 6+ min ago (140+ words) Great Britain’s “Equality Act” is not simply a civil rights bill gone too far. It is, as Murray Rothbard would have put it, a “monstrous” piece of legislation that looks to create a social and economic equality that could never…...
Poland: For Now It’s Still a Paper Tiger
22+ hour, 13+ min ago (131+ words) Since abandoning socialism 30 years ago, Poland’s economy has grown, as one would expect with a market economy. However, there could be more economic freedom there that easily would translate into a booming economy.Original article: https://mises.org/mises-wire/poland-now-its-still-paper-tiger Poland: For Now It’s…...
Why Is the Healthcare System Broken?
21+ hour, 10+ min ago (167+ words) Charles Sauer profiles four healthcare entrepreneurs who built functioning free-market alternatives to the broken hospital system before turning to Washington to explain why Capitol Hill is not the solution, walking through the government-created distortions that sustain the status quo.Recorded…...
The Rise of State-Controlled Medical Care
2+ day, 23+ min ago (225+ words) Timothy Terrell traces the historical origins of the American healthcare cartel, beginning with Ronald Hamowy's 1979 article documenting how the AMA used state licensing laws not to protect patients but to restrict physician supply and raise incomes.Recorded in Windham, New…...
Private Property, Public Purpose
2+ day, 1+ hour ago (162+ words) Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty. No matter whether it is their intention or not, almost anything that the rich can…...
As Javier Milei’s Aura Fades, Argentina Braces for a Peronist Resurgence
2+ day, 2+ hour ago (193+ words) Writing for Americans about the cultural background of Ludwig von Mises, an eminent former compatriot of mine, poses some difficulties: how to present you with a world radically different from yours, a world far away, which in many ways no…...
Carl Menger, Crown Prince Rudolf, and the Marginal Revolution That Never Was
1+ day, 17+ hour ago (164+ words) Carl Menger, founder of the Austrian School of economics, served as the tutor for Austrian-Hungary’s Crown Prince Rudolf, the only son of Emperor Franz Joseph. But Rudolph’s untimely death in 1889 would end up changing the ruling dynamics of pre-World War…...