President Trump’s current war with Iran not only is creating economic havoc around the world, but it is also bleeding US taxpayers. There are no good outcomes here.
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Category Archive: 6b.) Mises.org
Why I Side with Ludwig von Mises
People readily line up on one side or another of great economic debates. How do they choose which side to take?
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State Wars Bleed a Nation to Death
President Trump’s current war with Iran not only is creating economic havoc around the world, but it is also bleeding US taxpayers. There are no good outcomes here.
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Will Higher Interest Rates Counter Inflation?
When inflation heats up because central banks hold interest rates to artificially low levels, the standard approach is for central banks to increase interest rates. The better policy is not to artificially manipulate interest rates at all.
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Hungary’s Viktor Orbán loses huge after Trump campaigned for him
"Trump told a Hungarian crowd that Orbán had done “a fantastic job.” The president repeatedly urged Hungarians to back Orbán in his social posts."
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From coffee to houses, costs are rising everywhere
"Americans continue to reel from prices that soared during the pandemic, never came back to earth, and keep ticking higher."
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Automatic military draft registration for American men takes effect in December.
The automatic registration will apply to male US citizens and “every other male person” in the country between the ages of 18 and 26.
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Germany Restricts Emigration to Prevent Young Men From Escaping the Military Draft
Late last year, German lawmakers passed new legislation paving the way for military conscription.
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Rothbardian Property Rights in a Dangerous Digital World
Murray Rothbard based much of his work on property rights, and in this piece, Ludovico Lumicisi applies Rothbardian thinking to the technology of our digital age.
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A Rothbardian Reconstruction of Libertarian Political Theory
Murray Rothbard’s For a New Liberty is a classic at bringing together the foundations of Austrian Economics and libertarian thinking.
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Why War Is Pushing Gold Down and Oil Up
War should be good for gold, so why is it falling while oil climbs? Mark Thornton explains.
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Bob Responds to Randall Wray on Sectoral Balances
After his recent Zero Hedge debate with MMT co-founder Randall Wray, Bob takes a deep dive into the sectoral balance approach. He explains why the MMT argument is technically a tautology, how it's deeply misleading, and why the private sector doesn't need government deficits to save, invest, and accumulate real wealth.
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A Note on “Currency” in Colonial America
In studying history, it is key to avoid definitional anachronism—failing to note how a word has changed over time and assuming the present meaning was the same in the past. This is often the case with the word currency as used in colonial America.
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A Note on “Currency” in Colonial America
In studying history, it is key to avoid definitional anachronism—failing to note how a word has changed over time and assuming the present meaning was the same in the past. This is often the case with the word currency as used in colonial America.
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Ex Nihilo No More
Mises described the problem, Hayek proposed the direction, Kirzner explains why the market will not stop. And the market, as so many times before, has already found the first step.
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Japan’s 10-year yield just hit the highest level in 27 years
Inflation pressure, plus uncertainty means Japan, like the US, faces upward pressure in bond yields. This will bring down a lot of overleveraged households and businesses.
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On the Skids
Modern moral philosophers often come up with immoral ways to undermine free markets. In this week’s Friday Philosophy, Dr. David Gordon examines the book How Much Is Enough? by Robert and Edward Skidelsky and questions the authors’ conclusions.
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Melania Trump claims (unconvincingly) that she had no relationship with Epstein and Maxwell
But why did she bring it up? It could be the Iran war is going so badly that the White House would rather we talk about Epstein instead.
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A Libertarian Theory of Parental Obligations
Parental obligations can't be reduced to a contractual or property-based relationship. Jake Desyllas joins Ryan McMaken to talk about why parents are responsible for the well-being of their children.
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On Swiss National Bank
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SNB Sight Deposits: decreased by 3.1 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
Main SNB Background Info
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