With each published interview, Ron Paul only seems to become more articulate, more persuasive and compelling, more to the pedagogical point in explaining the meaning and priority of liberty as the central political principle. Those of us who understand can only cheer. Those who hold contradictory opinions — favoring liberty in some areas and
[This article originally appeared in The American Conservative (2011).] Eisenhower’s farewell speech was a long and nearly hysterical argument for the Cold War. He presented it as more than a military policy against Russia, but rather as a grand metaphysical struggle that should take over our minds and souls, as bizarre as that must sound to the
“As in 1989, the one demand is that the dictator go.” Those of the young generation, people too young to remember the collapse of Soviet bloc and other socialist states in 1989 and 1990, are fortunate to be living through another thrilling example of a seemingly impenetrable state edifice reduced to impotence when faced with crowds demanding
When the Egyptian protests first broke out, most Americans celebrated. Though Mubarak’s military must still be circumvented or overthrown, the revolt has spread, like a cleansing fire, to Bahrain, Libya, Iraq, Iran, Yemen, Jordan, and beyond. What is all this all about? Thanks to Western rule since WWI, this is a region of dictators and
Austrian School economists have often explained the business cycle using the metaphor of liquor or drugs. The expansion of paper money and credit gives a sense of exuberance, an economic high that leads to excessive risk taking and balloons of production. But it can’t be sustained. There is a morning after. Then what? There is a choice: more drugs
The worst effect of the state is intellectual. It puts our brains in a prison, simply by defining the terms in which we are permitted to think and speak. The one nonnegotiable point becomes the state itself. You are permitted to argue about what the state’s priorities ought to be (bombs or butter), but not to question the fundamental model of a
Here’s the problem. If you give government a job to do, even one that seems justified in the abstract, it will use its power to make a terrible mess in practice. This is true in a host of areas from welfare to warfare, but it is even true in the complicated area of immigration. Just imagine this. The owners of Chuy’s Mesquite Broiler in Phoenix
[Foreword to the second edition of The Case for Gold (2011)] This country had the chance to avoid the disastrous meltdown of 2008 and following, the one that has led to the nationalization of industries, the creation of oceans of paper money, and the destruction of so many American dreams. The answer that might have been is the one you hold in
Lefties have protested against Chiquita Banana for so long that most activists probably forget why they are supposed to hate the company. The company does have a spotty history, especially when it was United Fruit. For decades after the turn of the 20th century, US military interventions in Latin America were inspired by the goal of protecting
The violence perpetuated by Anders Behring Breivik in Norway unleashed the usual torrent of blaming anyone who might have influenced the murderer’s thought. He was first described as a right-wing Christian — a description designed to put a certain community on notice. As more evidence rolled in, he has been more accurately described as an
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.