Plato, in his Republic, tells us that tyranny arises, as a rule, from democracy. Historically, this process has occurred in three quite different ways. Before describing these several patterns of social change, let us state precisely what we mean by

Download the slides from this lecture at Mises.org/MU21_PPT_34. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.

Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.

Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.

Eric Mack is one of the foremost contemporary philosophers who support the free market. He has for many years been concerned with the “anarchist-minarchist” dispute. In a “state of nature” in which people’s rights to self-ownership and private property are

Download the slides from this lecture at Mises.org/MU21_PPT_35. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.

Download the slides from this lecture at Mises.org/MU21_PPT_37. Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2021.

Inflation in America continues to rise, and with it skepticism in Federal Reserve chairman Jay Powell’s insistence that increased prices are “transitory.” This double whammy of consumer pain and declining institutional confidence increases the odds of another challenge to the

Download the slides from this lecture at Mises.org/MU21_PPT_33. Recorded at the Mises Institute in Auburn, Alabama, on 22 July 2021.

Recorded at the Mises Institute in Auburn, Alabama, on 22 July 2021.