Democratic socialist candidates are becoming a serious political challenge in Democratic Party primaries. Have Americans suddenly become convinced by the arguments in favor of command economies, or is there something deeper going on?
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Category Archive: 6b) Austrian Economics
The Senate Isn’t His Oyster, After All. Graham Platner’s Socialist Vessel Turned Out to Be Leaky
The media tells us that the rape allegations that brought down Graham Platner’s Senate campaign just came to light. Actually, the media had those allegations for months, but sat on them to protect Platner’s campaign.
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The War System
"The main aim of American foreign policy is to impose the will of our ruling elite on the rest of the world."
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Justice Thomas’s Rothbardian Phase and the Hamiltonian Vance
On this episode of Power and Market, Ryan, Connor, and Tho discuss the recent SCOTUS decisions as well as JD Vance's recent praise for the economic views of Alexander Hamilton.
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The Senate Isn’t His Oyster, After All. Graham Platner’s Socialist Vessel Turned Out to Be Leaky
The media tells us that the rape allegations that brought down Graham Platner’s Senate campaign just came to light. Actually, the media had those allegations for months, but sat on them to protect Platner’s campaign.
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Why Your Bigger Paycheck Feels Like Less Money
You earn more than your parents did, maybe significantly more. Yet, somehow, the life they built—the house, the retirement account, the sense of getting ahead—feels further away than ever.
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Cronyism and Regulatory Capture
As AI becomes a more important and visible part of our lives, the movement to regulate it also grows. The standard regulation narratives—that government regulates things in the name of the public interest—clearly do not fit the facts.
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Appendix 2: On the Term “Liberalism”
Mises defends his use of the word: true liberalism is defined by private ownership of the means of production, and he explains why he keeps the name despite its distorted modern usage.
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Appendix 1: On the Literature of Liberalism
Mises's guided reading list of the essential works of liberal thought, from Hume, Smith, and Bentham onward, for readers who want to study the tradition in depth.
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Chapter 5: The Future of Liberalism
Mises argues that modern civilization rests on liberalism and capitalism, and can be destroyed only from within—by the spread of antiliberal ideas, not by any outside enemy.
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Chapter 4: Liberalism and the Political Parties
Why liberalism differs from interest-based parties, the crisis of parliamentary government, and the misleading charge that liberalism is merely the “party of capital.”
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Chapter 3: Liberal Foreign Policy
Liberalism applied to world affairs: national self-determination, free trade and freedom of movement as the foundations of peace, and critiques of nationalism, imperialism, and colonialism.
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Chapter 2: Liberal Economic Policy
The economic case for private property and the free market, including the impracticability of socialism, the failures of interventionism, and the problems of cartels, monopoly, and bureaucracy.
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Chapter 1: The Foundations of Liberal Policy
The first principles of liberal politics—private property, freedom, peace, and equality before the law—with a critique of the doctrine of force, fascism, and the proper limits of government.
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Introduction
Mises defines liberalism as a program for material welfare grounded in reason, ties it to capitalism, and examines the psychological roots of antiliberal resentment.
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Preface to the English-Language Edition
Ludwig von Mises’s preface to the English edition: what classical liberalism is, why its program rests on private property, and how “liberal” came to mean nearly its opposite in America.
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Foreword to Liberalism
Tom Woods frames Ludwig von Mises's book around a single question—when the state may legitimately initiate force—and the classical liberal’s insistence on a very high threshold for it.
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The War System
"The main aim of American foreign policy is to impose the will of our ruling elite on the rest of the world."
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The Economics and Ethics of Interest Rates
Aristotle called interest unnatural. Aquinas called it unjust. For centuries, the Church banned it. Guido Hülsmann argues they were wrong about the free market—but accidentally right about the fiat system.
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Is This Country Having Its Socialist Moment?
Democratic socialist candidates are becoming a serious political challenge in Democratic Party primaries. Have Americans suddenly become convinced by the arguments in favor of command economies, or is there something deeper going on?
Read More »
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On Swiss National Bank
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SNB Sight Deposits: increased by 4.4 billion francs compared to the previous week
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Household wealth in 2025
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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Swiss franc appreciation has led to tighter monetary conditions – SNB minutes
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
Main SNB Background Info
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