On Centralization, Decentralization, and Self-Defense
[See this lecture as a video.] States, regardless of their constitution, are not economic enterprises. In contrast to the latter, states do not finance themselves by selling products and services to customers who voluntarily pay, but by compulsory levies: taxes collected through
Is a Welfare State Consistent with Libertarianism?
Governing Least: A New England Libertarianismby Dan MollerOxford University Press, 2021; xii + 326 pp. Dan Moller’s thoughtful book is packed with arguments, and in what follows I’ll be able to discuss only a few points of interest. The central thread
The American Front of the Hamas-Israeli War
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the consequences of the Hamas-Israeli War may have on Americans. Looking at lessons from the War on Terror and other military conflicts, Ryan and Tho consider the
Understanding Bidding Behavior in Multi-unit Experimental Auctions with Latent Class Models
Tanga Mohr and John Whitehead [1]Department of Economics Appalachian State University Introduction The Regional Greenhouse Gas Initiative (RGGI) is a cap-and-trade program that covers the electric power sector in more than 10 northeastern states. The cap-and-trade program creates markets for a limited number
Cotton Pickin’ Sanctions
On yet another crusade, US authorities have sanctioned Chinese cotton imports. The sanctions won't change Chinese policies but they will create hardships for many. Original Article: Cotton Pickin' Sanctions
How Can Electricity Providers Promise 100 Percent Green Energy? Probably Not
We expect the lights to come on when we flip a switch, unconcerned with how the electricity is produced or how it reaches our homes. We are aware of telephone poles, wires overhead, and transmission towers, solar panels, and windmills
All Hail the Uniparty’s Demise and the Rise of RFK
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Includes an introduction by Dr. Sandra Klein. Sponsored by William Haynes.
Living Libertarian: Brief Biographies
Why do people become libertarians? What attracts them to Austrian economics? Original Article: Living Libertarian: Brief Biographies
Correlations and the Definition of the Money Supply
According to popular thinking, the definition of money is flexible. Sometimes the money supply could be M1 (currency and demand deposits); at other times it could be M2 (all of M1, plus savings deposits, time deposits, and money market funds)
How the End of US Dollar Hegemony Affects the Business Landscape
Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Michael and Lisa Keller. Download the slides from this lecture at Mises.org/SS23_PPT_7