How is it that America became a “strong but limited” government, and the world’s richest and most free country? That is the central question both considered and answered by Luigi Marco Bassani in his new work, Chaining Down Leviathan: The American Dream of Self-Government, 1776–1865.

A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective? In March 2021, the Department of the Treasury published the 2020 Financial Report of the United States Government. In

Austrian economics has a lot to say about how to organize firms for maximum value generation. Austrian principles point to the delegation of entrepreneurial judgement to the front-line employees who interact directly with those who actually create value: users. The military organization models of the twentieth

Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life. Original Article: "Where Prices Come From: Menger Explains" This

There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it. Original Article: "Don't Be Fooled by the Fed's Taper Talk" This Audio Mises Wire

Many Lithuanian politicians are embracing outright segregation of unvaccinated Lithuanians. Fortunately, many Lithuanians are resisting. This fight is not about opposing vaccines, but about protecting basic freedom of choice. Original Article: "Lithuania's Crackdown on the Unvaccinated" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated

Eleven states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit. Original Article: "Happy Hour May Be Getting a Little Happier" This Audio Mises Wire is generously sponsored

The “transitory” inflation swamping the country has stubbornly persisted into July.  Producer prices posted a second straight 1 percent month-over-month increase, which brought the full-year number to a record 7.8 percent. Twelve-month US export prices rose 17.2 percent, and nearly 22 percent if the rate of the

“You gather the idea that Mauritius was made first, and then heaven; and that heaven was copied after Mauritius.”– Mark Twain Since its rebirth as an independent state in 1968, this paradisaic island has been touted as a paragon of democratic political institutions promoting rapid economic

Aron Ravine, a self-described “nudnik,” who writes for National Review thinks so and I suspect others do as well. This thinking, however, is that of an ever-shrinking minority and it is hard to imagine the pro-legalization trend being reversed. Nevertheless, let’s look at the arguments and