Did Tucker’s Last Major Guest Lead to His Firing?

2023-04-28

Join Mises Club Opelika for their second meeting at Botanic in Opelika. The Meetup will take place Saturday, June 24. 
There is no registration fee, but attendance will be limited due to space. 
Please contact Ed Kerns to reserve your spot or if you have any questions, [email protected].

2023-04-25

Keynesian economists say that during an economic slump, the government must run large budget deficits in order to keep the economy going. In contrast, Austrian economists maintain that increased budget deficits are usually monetized, leading to general price increases. Therefore, from this perspective, the government should avoid increasing budget deficits and instead balance the budget.
Government Spending Takes Resources from Wealth Generators
Governments do not generate wealth, as government spending uses resources that must be taken from people who generate wealth. This, in turn, undermines the wealth-generating process of the economy. This means that the effective level of tax is the size of the government.
For instance, if the government plans to spend $3 trillion and collects $2

2023-04-24

Murray N. Rothbard wrote in the February 1971 issue of the Libertarian Forum that “libertarians, if they have any personal philosophy beyond freedom from coercion, are supposed to be at the very least individualists.” Indeed, libertarianism holds high the rights and responsibilities of the sovereign individual: the right to self and to justly acquired property and thus the right not to be coerced or arbitrarily restricted and the responsibility for one’s own actions and the moral duty to respect and honor other individuals’ rights.
Yet libertarianism, or at least a relatively large subset of proponents of libertarianism, has taken a strange collectivist turn in recent years. This is evident in a number of issues, such as free trade, where libertarians used to be in agreement in principle,

2023-04-21

The RESTRICT Act (Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act) has recently been making the rounds in the media, and rightfully so. The act is truly terrifying, but more than the open tyranny that it would further, the act illustrates a very clear problem from the perspective of the state.
In previous eras, either formally or informally, the state exercised a great deal of control over the information available to the wider population. This is no longer the case in the present day. With the advent of the internet and the resulting decentralization of media and other channels of information, the state has had increasingly fewer options at its disposal to control information. It is very obviously afraid of losing its position as the

2023-04-20

Over the past year, three US states have enacted new legislation legalizing recreational marijuana within their borders. In May 2022, recreational cannabis became legal in Rhode Island, and the same occurred in Missouri in December of last year. In the wake of the 2022 election, in which Maryland voters approved Maryland Question 4, recreational use became legal in that state as well. With the addition of Rhode Island, New Hampshire—where cannabis is "only" decriminalized and legal for medical purposes—is now the only state in New England where recreational marijuana is not legal. Missouri joins Alaska and Montana as one of the handful of "red states" that have legalized recreational use as well. 
Now, with these three states approving recreational use, more than 156 million Americans now

2023-04-17

The collapse of California-based Silicon Valley Bank (and Signature Bank in New York) on March 10, 2023, sent shock waves through the international financial system. It not only made bank stocks and bank bonds fall sharply but also finally brought ailing banking giant Credit Suisse to its knees. The Swiss bank had to be rescued and was bought by UBS on March 19, 2023. In another wave of market fear, Deutsche Bank, another global systemically important bank, came under pressure: its share price fell sharply, and credit default swap spreads on its liabilities skyrocketed.
In the meantime, however, market stress seems to have subsided. It is fair to say that the Federal Reserve (Fed) and the US Treasury have pulled it off. The Fed opened its funding spigots for banks, providing them with the