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Hanne Nabintu Herland’s  The Billionaire World: How Marxism serves the Elite  (2023) is a vital book that will help you understand what is going on in the world today. It will also help you to defend capitalism against objections that are all-too-common today.  Herland distinguishes two kinds of capitalism: real and fake.  The real kind is a

I often think of the great Henry Hazlitt, a hero and supporter of the Mises Institute. He was a tireless voice of reason. He once said at a Mises birthday celebration, “We have a duty to speak even more clearly and courageously, to work hard, and to keep fighting this battle while the strength is still in us. Even those of us who have reached and

November 22 was the sixtieth anniversary of President Kennedy’s assassination. It was obvious in 1963 that the “official” story that a ‘lone nut,“ Lee Harvey Oswald, had gunned down the president was a lie. Here is what the great Murray Rothbard wrote about the assassination in 1992, in a review of Oliver Stone’s movie  JFK : “The most fascinating

Most of us have heard of “critical race theory” (CRT) and know that it’s a bad thing, but few know exactly what it is. It’s imperative that we understand this grave danger, and what I would like to do in this week’s column is to make readers thoroughly acquainted with it and to set forward some objections to it. The basic tenet of CRT is that

Getting Libertarianism Right . By Hans-Hermann Hoppe. Mises Institute, 2018. 126 pages. Introduction by Sean Gabb. The title of Hans Hoppe’s wonderful new book has a double meaning. We need to get libertarianism right — to understand libertarianism correctly. How can we do this? By realizing that if we want a libertarian society, we need to

Murray Rothbard was a genius. One aspect of this was his writing as an American historian. He was every bit as significant a scholar here as he was as an economist and philosopher. For example, there is his stunning four-volume history of early America from Jamestown to the end of the American Revolutionary War. His brilliance and originality are

Everybody knows that college admissions aren’t made only on academic merit and haven’t been for a long time. If you want your son or daughter to be admitted to college and you have enough money, all you have to do is donate a lot of money to the university and your child will have no trouble getting in. Here are a few examples: In 2015, Stewart

The Free Market 13, no. 12 (December 1995)   If it had the will, Congress could kill the redistributionist monster, the Welfare State, that’s consumed at least $5 trillion in wealth since the Great Society. How? Cut anywhere and everywhere, abolish whole agencies, and return the $350 billion saved from next year’s spending to the taxpayers in the

The Free Market 14, no. 1 (January 1996)   Stuff those corks back in the champagne bottles. The Republican leadership in Congress can’t celebrate the New Year until it breaks silence on the Mexican bailout. This is a debacle that makes subsidies for midnight basketball seem sensible. With the Mexican precedent, who knows what 1996 will bring? Is

The Free Market 14, no. 2 (February 1996)   People made fun of Gerald Ford’s buttons that said “WIN,” meaning “Whip Inflation Now.” The buttons and the accompanying propaganda campaign implied that consumers’ bad vibes were the cause of inflation. Ha, Ha. Now, the White House, members of both parties, and their court economists have done Gerry one