A satirical essay from a 1978 classroom, speculating about what it would cost to become Santa.

Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the world is now turning to gold.

Neither Congress nor President Trump speak anymore about a balanced budget. Instead, the Republicans and Democrats compete with each other to see who can spend the most.

One of the justification that the White House gives for its onerous tariffs is that they will stop the “offshoring” of American jobs and lead to greater job growth here. That scenario has not and will not ever come to fruition.

So-called democratic socialists claim they just want to empower ordinary people through democracy. Socialism, however, invariably must turn into a top-down system of central planning in which the state is all-controlling.

The recent assassination of Charlie Kirk has focused attention on political violence. Ludwig von Mises, not surprisingly, understood that tying morality to politicized state helps create the climate where political violence is prevalent.

The recent assassination of Charlie Kirk has focused attention on political violence. Ludwig von Mises, not surprisingly, understood that tying morality to politicized state helps create the climate where political violence is prevalent.

As tariffs force up business costs, analysts are claiming that businesses will have to “absorb costs” to stay in business. That is not a sustainable strategy, as businesses cannot survive under these high-cost circumstances.

Part of Hitler’s plan for Germany was to clear lands to the East with ethnic cleansing so Germans could have their infamous lebensraum. Yet, Ludwig von Mises in his Omnipotent Government also understood that Hitler’s plan for autarky also played a major policy role.

Like the Happy Days program that could not be saved by Fonzie’s waterskiing heroics, Intel will be made even weaker in the aftermath of its equity deal with the Trump administration.

The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.

The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.

Critics of free markets such as Oren Cass claim that Austrians and other supporters of the free economy are engaged in “market fundamentalism.” However, support for free markets is not an act of blind faith but is based upon understanding of how markets actually work.

Critics of free markets such as Oren Cass claim that Austrians and other supporters of the free economy are engaged in “market fundamentalism.” However, support for free markets is not an act of blind faith but is based upon understanding of how markets actually work.

Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.

Even though a significant number of libertarians supported Trump for president, he clearly has shown no respect for libertarian thinking, especially with his anti-growth trade policies and support for bloated federal spending.

President Trump’s so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.

President Trump’s so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.

Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, Americans have the upper hand in trade because they can run large trade deficits due to the status of the US dollar as the world‘s reserve currency.

In his February 3 Executive Order, President Trump directed his minions to begin planning for establishment of a “Sovereign Wealth Fund” that he originally touted in a speech to the Economic Club of New York last September. The fund would be on the order of $2 trillion, investing in things like manufacturing hubs, defense, and medical research. The order states:It is the policy of the United States to maximize the stewardship of our national wealth for the sole benefit of American citizens. To this end, it is in the interest of the American people that the Federal Government establish a sovereign wealth fund to promote fiscal sustainability, lessen the burden of taxes on American families and small businesses, establish economic security for future generations, and promote United States

President-elect Donald Trump’s announced cabinet and White House staff appointments for his next administration have attracted praise from supporters, outrage from opponents, and even criticism from libertarian podcasters like Ron Paul and Radio Rothbard hosts Ryan McMaken and Tho Bishop regarding Trump’s hawkish national security picks. Everyone agrees that “personnel is policy” though, meaning that the outspoken policy preferences of many of Trump’s appointees marks a sharp departure from the status quo in Washington DC.Much like the former Cold War sport of “Kremlinology”—where pundits and academics claimed to discern shifts in Soviet policy by observing which personalities were standing closest to the Great Leader during Red Square military parades or by reading between the lines of

After astounding achievements like performing seemingly-crazy and impossible feats of rocket engineering, making satellite internet service practical, rescuing social media from covert government censorship, and even managing to build battery-powered vehicles that are rather more useful and cool than golf carts, Musk slipped up and committed a colossal blunder recently. He took on an insurmountable challenge that even his extraordinary genius and indomitable will won’t be able to handle.This prediction is not based on any fake news involving hitherto-unknown intelligent lifeforms on Mars mounting an armed resistance to Musk’s ambition to colonize the red planet (figure 1). Rather, this prediction involves apodictic truths of economic theory that render the goal of Musk’s latest project a

After astounding achievements like performing seemingly-crazy and impossible feats of rocket engineering, making satellite internet service practical, rescuing social media from covert government censorship, and even managing to build battery-powered vehicles that are rather more useful and cool than golf carts, Musk slipped up and committed a colossal blunder recently. He took on an insurmountable challenge that even his extraordinary genius and indomitable will won’t be able to handle.This prediction is not based on any fake news involving hitherto-unknown intelligent lifeforms on Mars mounting an armed resistance to Musk’s ambition to colonize the red planet (figure 1). Rather, this prediction involves apodictic truths of economic theory that render the goal of Musk’s latest project a

On October 25, ABC News published the results of a survey of 2,392 registered voters where 44 percent of the respondents said that Donald Trump is a fascist, while 23 percent said that Kamala Harris is a fascist.

Presidential candidate, Kamala Harris, responding to accusations that she is a Marxist and has been concealing much of her economic agenda from the public, gave a speech at the Economic Club of Pittsburgh on September 25 attempting to reassure voters that her earlier proposals for price controls, debt cancellations, and consumer subsidies, as well as her new proposals are not a Bolshevik assault on capitalism, but are intended to create an “opportunity economy” for the benefit of the American middle class. She affirmed “Look, I’m a capitalist, I believe in a free and fair market” and went on to specify three “pillars” of how she intends to confer the blessings of “opportunity” on market actors. Harris spelled out a basic principle underlying her proposals as:I believe an active partnership

With Democrat presidential candidate Kamala Harris proposing costly new interventionist schemes and co-opting Republican talking points in order to neutralize the unpopularity of rising prices among swing voters, her Republican opponent, Donald Trump, has responded by stealing a page from the Democrat state-building playbook. He has raised the bidding for votes with a preposterous new interventionist proposal of his own—a plan to boost fertility rates by turning in vitro fertilization (IVF) treatments into a free service, to be paid for by a combination of government subsidies and mandates on health insurers.Traditionally, advocacy of IVF subsidies has been a staple of the same groups on the “progressive” side of the culture wars that have championed government-subsidized abortions on

Dr. Robert Malone’s recent Mises University talk, PsyWar: Enforcing the New World Order, raises important and timely questions about advanced mass psychological manipulation capabilities being weaponized by globalized corporatists through what he calls the “surveillance capitalism,” practiced by firms like Amazon, Google and Facebook.

Democrats didn’t even bother to wait for their 2024 National Convention in Chicago to appoint their replacement presidential candidate, Kamala Harris, and to tout the new economic planks to be added to the party’s platform. In her August 16th speech on the economy, she pledged her loyalty to the party’s current interventionist agenda, professing that the Biden regime’s policies have supposedly been good for the middle class and that she will continue to support Democrat principles of state-guaranteed economic security for them ( “…your salary should be enough to provide you and your family with a good quality of life”; “No child should have to grow up in poverty”; and “After years of hard work, you should be able to retire with dignity.”). However, Harris acknowledged that the cost of

The 2024 Republican National Convention will be remembered for the raw emotions evoked by an attempted assassination the preceding weekend of its presidential nominee Donald Trump and for the now mostly Trumpified Republicans posing as the populist champions of American workers against the elitist Democrats.This convention, however, should be remembered for another reason too. It marks the entrenchment of an organized “national conservative” movement within the party that espouses an anti-free-market ideology, overtly scorning individual liberty in favor of a powerful nation-state. This shift in Republican thinking is most clearly evident in Trump’s choice of J.D. Vance as the party’s nominee for vice president (who recently explained his “NatCon” principles in a Foundation for American