"Nothing is more unpopular today than the free market economy, i.e., capitalism. Everything that is considered unsatisfactory in present-day conditions is charged to capitalism. The atheists make capitalism responsible for the survival of Christianity. But the papal...
Mises
TGIF: Socialist Confusion
Recent polls indicate that many people under 30 view socialism and communism favorably. (For Marx, those words were synonyms.) It seems that socialism and communism are "in." What's going on? A self-described "democratic socialist," Zohran Mamdani, won the Democratic...
Can You Privatize the Military-Industrial Complex?
Though it’s rare to hear someone praise the military-industrial-congressional complex, it is only the latter component that masks a praiseworthy feat. Markets—also known as “people” voluntarily exchanging—have devised the most efficient methods for producing weapons...
TGIF: On Value and Freedom
To live is to act. To act is to choose. To choose is to prefer. To prefer is to pursue values—that is, to value. That's logic-guided observation. Ego sum, ergo aestimo: I am, therefore I value. (HT: Aristotle, Ayn Rand, and Ludwig von Mises.) Next: to think is to act....
TGIF: “Liberalism and Capitalism”
Ludwig von Mises's 1927 path-breaking work in political theory speaks to the current generations. In section 5 of his introduction to Liberalism: The Classical Tradition, Mises sounds impeccably relevant in describing how the opponents of liberalism and the market...
TGIF: Supply Precedes Demand
"Consumption is the sole end and purpose of all production." —Adam Smith, The Wealth of Nations, 1776 "In the market economy the consumers are supreme. Their buying and their abstention from buying ultimately determine what the entrepreneurs produce and in what...
Taking It for Granted
"Capitalism, says Marx, unthinkingly repeating the fables of the eulogists of the Middle Ages, has an inevitable tendency to impoverish the workers more and more. The truth is that capitalism has poured a horn of plenty upon the masses of wage earners who frequently...
The Miracle of Mass Production
"The fact that my fellow man wants to acquire shoes as I do, does not make it harder for me to get shoes, but easier." —Ludwig von Mises, Human Action
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Classical Liberalism: Rise, Fall, and Future of an Idea
"Professor Solis-Mullen has in this brief book offered a short history of the rise of classical liberalism, its transformation into progressive liberalism, and its total collapse into socialism. He shows the fatal flaw in the older liberalism; trying to limit the...
Empire of Lies: Fragments from the Memory Hole
Had Enough of the Deep State’s Warlords and War Lies? George W. Bush spent a year and a half gaslighting the American people, using the shock of 9/11 as the pretext for an unrelated war he sought long before that tragic event. Isolated incident? Not at all. Now a...
