What gives some people the right to rule others? At least since John Locke's time, the most common and seemingly compelling answer has been "the consent of the governed." When the North American revolutionaries set out to justify their secession

Recently in the pages of the Mises Wire, Jason Morgan argued that private security isn’t enough in terms of ensuring personal security and that America needs militias. While I agree with much of the spirit of Dr. Morgan’s essay, there

Three city blocks were systematically burned to the ground as hundreds of the local police stood by and viewed the violence. They were obeying orders not to harm the arsonists. The National Guard was called, adding more armed watchers. A

Policymakers know they hold immense power to regulate and punish firms that don’t play ball. Industry leaders know this too. So it’s likely both sides will indeed end up “playing ball."  The Democrats in Congress want comprehensive regulation of social media

According to a relatively new field of economics called behavioral economics (BE), emotions play an important role in an individual’s decision-making process. On this the Nobel laureate Vernon Smith writes,  People like to believe that good decision making is a consequence

That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual

President Trump’s protectionist trade measures against China and other external partners have not caused a reduction of the total US trade deficit. The latter actually grew further as China’s exports found indirect ways into the US and massive domestic spending schemes