Many people oppose the free market because it leads to inequality of wealth and income. It is unfair, they say, that some people have vastly more money than others. Some defenders of the free market respond that these inequalities, while undesirable in themselves, make the poor better off than they would be otherwise, and so should be accepted.
Socialists and other leftwingers support taxation of the income and wealth of the well off. They say that they want to promote “equality” and “social justice,” but in fact they are motivated by envy. They want what others have. They can’t stand the thought of other people’s having more money than they do. Here is what Rob Larson, an economics
The term “revisionism” came into use after World War I, when historians like Harry Elmer Barnes, Sidney Bradshaw Fay, and Charles Austin Beard challenged Article 231 of the Treaty of Versailles, which assigned exclusive guilt to Germany and its Kaiser for the outbreak of the world war, with all its appalling destruction and massacres. It was on
Those are the immortal words of Ralph Raico to Murray Rothbard, uttered sometime in the 1970s after observing some insane antics by libertarians. The line, paraphrased from The Godfather , implies a weariness with the nonsense but underscores the need for a fighting spirit to stay in the game, even in light of the wackiness all around. Back then,
“Woke” people claim that they want to wake up racial and sexual minorities to the way they are being discriminated against. Because of past and present exploitation, blacks and other “protected” groups are not getting what rightfully belongs to them. The solution to this is that the better off, especially if they are white, should have their
Once again, the presidential selection process has given us a contest between two people who agree on the pressing need to expand the entire welfare-warfare state. They can argue about priorities, but they agree on the overall goal. With the campaign lacking serious issues, something tells me that the great American obsession over race is going to
[ Editor’s note: This article originally ran on LewRockwell.com on July 28, 2000 . Even before the Bush-Gore election wrapped up, Rockwell put his finger on what the Republicans had in store for America. For those who paid attention to Rockwell in this period, they were not shocked when the Bush administration came out in favor of the TSA, the
Some people argue like this: Although the Fed as it now exists is very bad, a nation needs a central bank to regulate its money supply, and the Fed is better than nothing. That being so, we should try to urge the Fed to adopt a non-expansionary monetary policy. In this view, calls to “End the Fed” are mistaken. I’m sure most of my readers already
In recent years, a disturbing development has taken place in America’s universities. People who apply for faculty positions, and those who are on the faculty and want to be promoted are required to make “diversity statements,” in which they declare their commitment to DEI—diversity, equality, inclusion—and detail their activities on behalf of this
In a free society, people have the right to decide what to do with their own bodies. If you want to take something that “orthodox” medicine says you shouldn’t, this decision should be up to you. If the government can ban “dangerous drugs,” why not dangerous ideas too? As the great Ludwig von Mises points out, “Opium and morphine are certainly
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
