Profit Is Not Plunder
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.
Despite statements from Biden and other progressives, profits in a market economy are not a form of plunder. Instead, they represent entrepreneurial gains that mostly benefit consumers.
For most Americans, the debate is about what size the welfare state should be. But why is there a welfare state at all?
Unfortunately, these assaults on the First Amendment continue to find support even among people who pretend to be in support of freedom and opposed to federal power.
The decades of American and European intervention in Africa are coming to an end, and things are even worse for American interests there. Perhaps overthrowing governments and trying to dictate political outcomes wasn’t a good idea.
"We can build a society that's based on peace and cooperation."
It is impossible to eliminate the entrepreneur from the picture of a market economy.
“Read the great book of Mises. It’s the foundation that all of us have tried to develop and defend.”
Human Action is the antidote to the real and immediate threat to human liberty and society by progressivism.
"These days, Stoicism is very fashionable... Mises drew from a different tradition of Greek ethics, Epicureanism."
"The empire can and should be dismantled."
Mises Fellow, Mateusz "Matt" Machaj joins Bob to discuss his new booklet from Routledge, which explains how mainstream economists have responded to the recent bout of price inflation.
On this episode of Radio Rothbard, Ryan and Tho discuss a recent op-ed from a trio of octogenarian former Republican senators lamenting the state of the GOP.
Progressive historians, journalists, and politicians claim that the Industrial Revolution and the growth of industry brought poverty and exploitation to American workers. The truth is much different, even if it is rarely heard.
Despite the accusations that Javier Milei is a fascist in libertarian clothes, many of his reforms have been successful in reversing some of the damage done to Argentina's economy by real fascists.
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.
While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.
Congress claims to have targeted TikTok because China's government allegedly uses it to spy on Americans. Besides dealing with a nonexistent threat, the bill gives the federal government vast new powers to misuse.
Somalia is a country invented by European intervention. The region known as Somaliland ought to be free to secede from this imperialist creation.