The West’s Russia Sanctions Could Lead to Many Unpredictable and Unpleasant Outcomes
Imposing sanctions will advance the reach of surveillance capitalism while strengthening the power of states to control the financial system overall. The end result will be a lower standard of living and a less free economy. Original Article: "The West's Russia
The West’s Russia Sanctions Show Why States Want to Weaponize the Financial System
In the past month, Western nations have allied to wage an economic and technological war against the Russian government and key Russian institutions. These measures included economic sanctions on well-connected Russian oligarchs, Russian banks, and even a US ban of Russian energy imports. Despite Western skepticism of Russian
In the Age of Covid, We’re Reminded an Unjust Law Is No Law at All
It is one thing to follow the law for prudential reasons and another thing entirely to assume the law brings with it some sort of moral imperative. Laws rarely do. Original Article: "In the Age of Covid, We're Reminded an Unjust
End the Fed and Get More Doritos
The US government’s Consumer Price Index indicates prices have increased 7.9 percent in the last year. While this statistic shows the highest rate of increase in forty years, it still understates the amount prices have increased, in part because the
Canceling American Athletes to Punish Russia: The 1980 Moscow Olympics Boycott
Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes. Original Article: "Canceling American Athletes to Punish Russia: The
The Statist “Solution” Really Is a Non Sequitur
A non sequitur is a rudimentary yet common logical fallacy that occurs when a supposed conclusion does not necessarily follow from the previous argumentation. In Latin, the phrase non sequitur literally means “it does not follow.” Simply, a non sequitur
Will Biden Sanction Half the World to Isolate Russia?
It is becoming increasingly apparent that US efforts to isolate Russia and totally cut it off from the global economy is not going to be easy. As I discussed last week, from Mexico to Brazil to China to India, and much
Wilson, Waldo, Woke CEOs, and Ways Forward
Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Murray N. Rothbard Memorial Lecture, sponsored by Steven and Cassandra Torello. Includes audience question and answer period. The Austrian Economics Research Conference
Hazlitt, Hayek, and How the Fed Made Itself into the World’s Biggest Savings and Loan
Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Henry Hazlitt Memorial Lecture, sponsored by Yousif Almoayyed. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School,
Ludwig von Mises (1881–1973)
One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual