For some members of the American foreign policy establishment, the world is permanently stuck in 1938 Munich. Ever since the Munich agreement and the strategy of “appeasement” failed to deter the start of the Second World War, some scholars have

A specter is haunting the world: the increasing prospect of a new totalitarianism under the extended covid response. Unlike the specter of communism, or the specter of “dissent” to communist dictatorship that Václav Havel ironically identified in his groundbreaking essay

With June 2021 CPI growth being at a thirteen-year high, inflation has been on a lot of people’s minds lately. You can’t blame them, seeing as over 23 percent of all dollars in existence were created in 2020 alone. Although future

After the Taliban captured Kabul far faster than anyone in Washington forecast, secretary of state Tony Blinken went on Sunday morning talk shows and announced that the US mission in Afghanistan had been “successful.” Unfortunately, there will be plenty of robotic

The scientific method has served us well to date. The entrepreneurial method, informed by the principles of Austrian economics, can take society much further. Dr. Saras Sarasvathy joins the Economics For Business podcast to distill the essence of the value

From the Introduction of Cronyism: Liberty versus Power in Early America, 1607–1849. Available October 2021 at the Mises Bookstore and online retailers. Pre-order your copy today. The present book is an economic and political history of early  America, describing government policies and their

This is the fiftieth anniversary of the demise of the gold standard and the beginning of the current fiat paper standard. Many will say “good riddance” to gold and “thank goodness” for the “good ole greenback”! Reflection, however, produces an

In early July, Ron Paul penned a column titled “It’s Saigon In Afghanistan,” invoking the imagery of the fall of Saigon in 1975, when US military helicopters scrambled to evacuate personnel from the roof of the US embassy. But Paul

In Egypt, the recent announcement that bread prices, long subsidized for much of the population, would likely have to rise was met with cries of despair. Indeed, over two-thirds of the population of Egypt depend on inexpensive bread for daily