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President Trump is levying high tariffs without consent of Congress, despite the fact that the US Constitution gives only Congress the power to set...
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Politics
Dr. Fegley is a Fellow of the Mises Institute and chair of business and economics at Montreat College. In 2023, he joined the Mises...
Politics
The success of the American Revolution struck a heavy blow against the mercantilist system. But unfortunately, the wound was not mortal.
Politics
Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of...
Politics
The great free-market classical liberal William Leggett believed that Americans do not need politicians telling us on which days Americans ought to be thankful.
Politics
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a...
Politics
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained...
Politics
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes,...
Politics
In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.” But at...
Politics
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.
Politics
As with any other government-controlled institution, a high level of public skepticism about elections is healthy.
Politics
One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange...
Politics
So-called economic moderates claim to support free-market capitalism, but then say that markets still need “some” government oversight. Free markets, however, don’t need government-based...
Politics
Trump is apparently oblivious to the societal train wrecks that protectionist tariffs have caused throughout American history.
