Mises Search

Most Americans do not understand debt default. When it is explained, debt default comes off as immorally reneging on the financial obligations of the government. In contrast, libertarians have demonstrated that it is, in fact, moral and beneficial . However, when default is brought up, it is hardly ever discussed in terms of local governments. So,

The Failure of the ‘New Economics’ thoroughly demolished the Keynesian system. Unfortunately, this “economic demolition” as Rothbard called it (Hazlitt 2007 [1959], xvi), went ignored by the mainstream despite it carrying implications that would have prevented the decline in theoretical vigor of mainstream economics that was Keynesianism.

In its usual form, the case for privatizing public parking invokes the basic economic principles of supply and demand. This case is usually restricted to private parking lots and garages. For example, Walter Block  discusses how market incentives can drive parking rates to rise to eliminate shortages here. A more radical proposal is the

In the aftermath of Students for Fair Admissions v. Harvard and its companion case , race-based affirmative action is, for the most part, dead. While there are legitimate criticisms of this decision from the Right, the Left has taken the near opposite approach. Rather than simply lamenting, the Left is using this as an opportunity for taking

Out of Pennsylvania’s twenty-five hundred municipalities, about half (1,279) have no police department as of 2013. Since 2013, twenty more municipalities have disbanded their police departments, opting for police coverage by the Pennsylvania State Police (PSP). On top of that, 420 municipalities only provide part-time coverage (no 24/7 coverage),

Jonathan Casey, in his opening remarks during a debate with Ryan McMaken on national divorce, criticized national divorce on the grounds that it throws away the open borders compact between the states. This, per his evaluation, would hamper the freedom of travel. He expressed the same sentiment during the National Divorce debate the Soho Forum

  Wonka (2023) is a prequel film to the beloved story Charlie and the Chocolate Factory by Roald Dahl. Wonka tells the story of a young Willy Wonka, an up-and-coming chocolate salesman and magician, who challenges a chocolate cartel’s dominance. As one could imagine, the film is full of scenes that cast private enterprise in a negative light. The

People celebrating Labor Day often do so by attending a regional Labor Day celebration, usually organized by labor unions. One undoubtedly hears the phrase “support all labor” being thrown around at these gatherings. A Google search will reveal the most recent example of this phrase being used. In light of the Screen Actors Guild (SAG) strike , a

Amidst hostage scenarios, like the Hamas situation, it is important to remember why governments should not pay to have their nationals released. Paying for hostages to be released creates a perverse incentive in which more people are taken hostage to receive more payments. This is undoubtedly a subpar outcome. Furthermore, any effort by

While traveling recently, I was stuck in a terrible bout of traffic. Unbeknownst to me, West Virginia University’s fall graduation just ended, and I was caught in the middle of the seemingly endless stream of parents, relatives, and friends who were leaving the ceremony. To deal with this problem, the City of Morgantown closed down lanes and