Bono and his wife, Ali Hewson, have been traveling the globe endorsing their new clothing line, Edun. This clothing line promises to create Fair Trade–like principles which respect the workers who make the clothes and pass on the workers’ story. As Ali Hewson says with an interjection from Bono, “It’s making people aware of the story of clothes
“A government strong enough to give you everything is strong enough to take everything.” This common phrase among libertarians is often applied to redistribution. However, the political environmentalist movement should adhere to these words perhaps closer than anyone. Private property and markets are accused of being unable to protect
Mötley Crüe rocked the 1980s. They played hard and partied harder. Their lifestyle was a toxic mixture of drugs, alcohol, fast cars, and fast women. Their reputation for drug abuse remains legendary — rivaling Ozzy Osbourne, the Grateful Dead, and even the Rolling Stones. Anyone supporting drug legalization must reconcile their position with the
In Canada, government-owned and run casinos made a mess of the true entertainment value created by casinos in a competitive free market. The government-owned casinos of Ontario claim to be the “peoples’” factors of production. But anyone with experience in real casinos can only see this as a pathetic joke. I realized this on a recent visit to
Psychics, fortune tellers, faith healers, and politicians all have something in common. Let us see what it is. Many fools, eager to part with their money, have wasted their time on psychics. Any extremely useful talent or skill will be immediately identified by the market. If psychics really existed, we would not need to search far and wide for
An ex-girlfriend once told me, “You treat me like a piece of property.” As an economics major, my first reaction was: How great that the center of my affection truly understands the way I feel! Butterflies in my stomach, rainbows, unicorns, big red hearts shot through my enamored mind. When someone truly understands you, what can you feel but joy?
Libertarian writers fight uphill battling regulation after regulation. Any small tariff, restriction, and tax create adverse effects. Often, laws are so mangled together that one cannot make a difference with the removal of only one element. Sometimes, however, the change of one regulation can make a world of difference. I offer a change with a
Most people listening to libertarian ideas are thrown off by the thought that private charity, in absence of government programs, will handle problems involving truly helpless people. Charitable organizations are active but no one knows for sure how much donations would increase in a tax-free society. When a person becomes old without savings,
Nothing gets me more upset than when someone brings up an argument supporting minimum wage legislation. It’s not that I can’t counter the argument; it’s just that it takes some time to do. So, once and for all, I’m going to target the main motivation for minimum wage advocates in academia: politics. Minimum wage is one of the only subjects nearly
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.