My purpose today is to make just two main points: (1) To show why Nazi Germany was a socialist state, not a capitalist one. And (2) to show why socialism, understood as an economic system based on government ownership of

The best people in the world support the Mises Institute. Will you join them? Your gift will be matched today. Who are our donors? People just like you. Average people who happen to care deeply about human liberty and human flourishing. People

A correspondent sent me an argument I hadn’t heard before that concludes that it’s not morally permissible for libertarians to work for public universities, and in this week’s column, I’d like to examine that argument. To telegraph where I’m going,

Was Adam Smith the founder of modern economics? Not so, says Murray Rothbard in his staggering two-volume An Austrian Perspective on the History of Economic Thought. Dr. Patrick Newman joins the show for a look at Rothbard's treatment of economics

Remember the movie Groundhog Day? The protagonist, played by Bill Murray, is stuck in a cycle where he relives the same day, February 2, every time he awakens in the small town of Punxsutawney, Pennsylvania. The same events happen throughout

[Editor's note: Two interviews from August 1992 given by Murray Rothbard to the Swedish student publication Svensk Linje (continuously published since 1942) were recently discovered in the Rothbard Archives and translated by Sven Thommesen for the first time. In this interview, Rothbard offers

Double your gift today. Today, the ideas of Ludwig von Mises are as important as ever. During his career, he discredited the ideas of socialism, identified the role central banks play in creating financial booms and busts, and established himself as

The US is in the midst of yet another “debate” over the debt ceiling. In the twenty-first century, this is a ritual that Washington politicos and journalists go through every few years when the prospect of default and government shutdown