The first task of classical liberalism is to understand social order; normative conclusions must follow and flow from that understanding.
Today would have been Ludwig von Mises’ 135th birthday. Here we reflect on the profound contribution he made to economics.
A common theme among liberty-minded thinkers is a high degree of skepticism toward state administered education. They’ve often come to the conclusion that public schools act more to create a population of subservient factory workers with little skills in the way of critical thinking. To learn more about how the public school system harms students […]
This quote was taken from Ludwig von Mises’s work Planning for Freedom: Let the Market System Work, which is a collection of essays and addresses on inflation and government intervention in the economy. In this work, as in others, von Mises maintains that government interventions in monetary and commercial affairs are destructive to the economy, regardless […]
Did you know that one time in a meeting of economists in 1947 Mises shouted at Milton Friedman, among others, that they were socialists? Check it out in the clip below. What do you think? Tell us in the comments. Be sure to check out “Commanding Heights”, the documentary this clip is excerpted from.
The health care debate has been long on hysterics and short on useful analysis. Incendiary and counterproductive rhetoric about socialism, Nazis, and death panels from some corners notwithstanding, critics of socialized medicine raise an important question with uncomfortable answers: in the absence of profits, losses, and prices, how will decisions about the production and allocation […]