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Pressure on the unvaccinated grows. While the vaccinated in some countries are getting back some of their freedoms taken away by the covid interventions, the unvaccinated are not so well off. They are being targeted for discrimination. Access to public spaces and traveling is being made more difficult for them. In some countries there is even

A new translation of Bohm-Bawerk’s “Interest Theory of 1876” is now available in the Quarterly Journal of Austrian Economics . From the Introduction: To our knowledge, this is the first English translation of Eugen von Böhm-Bawerk’s seminar paper of 1876. Our English translation draws from three sources in German: (1) the original handwritten

Listen to  the  Audio Mises Wire  version  of this article. In an open letter to the EU Commission with the title Joint Letter: Reshaping the European Fiscal Framework , on February 17, 2021, a coalition of left-wing and green politicians, think tanks, and trade unions unsurprisingly led by George Soros made an appeal for a permanent common EU

Recently, there has been a debate in Germany on the constitutionality of additional government borrowing of €60 billion. The borrowing is debated because Germany has a constitutional debt brake. The debt brake limits the possibility of the government to indebt itself and pushes it toward a balanced budget in normal times. In times of emergency,

Llast Thursday, 25 Jan. 2024, Jesús Huerta de Soto last commented during class on Javier Milei´s speech in Davos. De Soto pointed out that politics is a difficult and dangerous arena which he does not recommend to enter. However, he embraces Milei´s success wholeheartedly: “A disciple [Javier Milei], who has been the reason of one of my greatest

The Austro-libertarian movement has the better ideas. They continue to be discussed, elaborated, and intellectually defended. But how can the right ideas be implemented? What good is it to be right if the reality is left-wing? In fact, most of the population, or at least public opinion, seems to be drifting further and further to the left, with

Senior Fellow Jesús Huerta de Soto and Fellow Philipp Bagus write:  In our own name and in the name of the rest of the Spanish libertarians and anarcho-capitalists we want to send Javier Milei our most enthusiastic congratulations. Today is a historic day for liberty only comparable to the fall of the Berlin Wall and communism. For the first time

According to many economists we need the state to provide public goods. The assertion seems to be so crystal-clear that it is not even worth discussion in the mainstream. Volume 20, Number 4 (2006) Bagus, Philipp. “Wresting Land from the Sea: An Argument Against Public Goods Theory.” Journal of Libertarian Studies 20, No. 4 (2006):

Editor’s Note: Greece is looking at defaulting on its debts yet again, the EMU remains in crisis mode. In this article from 2001, Philipp Bagus, author of The Tragedy of the Euro , suggests that such crises are inevitable:  Although the external effects of a monopolistic money producer and a fractional-reserve banking system regulated by a central

  Quarterly Journal of Austrian Economics 19, no. 4 (Winter 2016) ABSTRACT : When individuals save more and invest directly in projects there results capital accumulation and growth. When individuals save more in order to add to their cash holdings, consumer goods are liberated that can be used for capital accumulation causing also economic