Crony Capitalism: Legacy of the New Deal

05/13/2013 Mises Wire Mark Thornton

Here is chapter 9 of David Stockman’s book Deformation: The New Deal’s True Legacy: Crony Capitalism and Fiscal Demise Stockman Seminar

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Price Inflation Accelerated in October Following the Fed’s Rate Cut

11/15/2024 Power & Market Ryan McMaken

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in October accelerated and month-to month increases in CPI inflation hit multi-month highs. The seasonally...

“NAFTA Fever” and the Myth of Government-Created Free Markets

11/15/2024 Mises Wire David Brady, Jr.

Left or right, the enemy is the free market. Every problem is the fault of the free market. On the left, the supposed radical deregulation of the 1980s paved the way for the financial crisis and the...

Stanley’s Orwellian Anti-Fascism

11/15/2024 Friday Philosophy David Gordon

Erasing History: How Fascists Rewrite the Past to Control the Future . By Jason Stanley. Atria One Step Publishing, 2024; 256 pp. Jason Stanley is a well-regarded philosopher of language, but you...

It’s Greek to Us: Angry Generation Z Women Reenact “Lysistrata” Post-Election

11/15/2024 Power & Market Jane L. Johnson

In the aftermath of Donald Trump’s decisive victory over Kamala Harris on November 5, millions of American women—especially those of Generation Z, born between 1997 and 2012, currently aged from 12 to...

Caplan’s Errors on the UAE and Open Borders

11/15/2024 Mises Wire Artis Shepherd

Arguments advanced to support a political position often fail to withstand the slightest scrutiny. Rather, they are meant to make an impression on the impressionable—those who lack the context...

Meet the Writer

Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the...

Voting on Drugs

11/13/2024 Mark Thornton

The iron law of prohibition states that the more you attempt to enforce prohibition, the more dangerous and the more potent the drugs actually become.

Keynes Was Not Much Better at Investing than He Was at Understanding Economics

11/11/2024 Mark Thornton

John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.

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