institute newspaper logo sized
The Iraq War Is (And Will Always Be) Undefendable

The Iraq War Is (And Will Always Be) Undefendable

by | May 4, 2023 | ,

This spring marks the twentieth anniversary of the U.S. invasion of Iraq in 2003. After an initial frenzy of war fever in the early years of the war, support for the war has since largely evaporated. Nearly two thirds of veterans now say the war was "not worth fighting." Two thirds of American adults say the same thing. Even among Republican veterans, only a minority say the war was worth it. These numbers are not surprising. The U.S. obviously failed to achieve its stated objectives in Iraq, and the reasons given to justify the initial invasion were either exaggerations or outright lies....

read more
If America Loses Its Reserve Currency Status, You’ll Still Be Okay

If America Loses Its Reserve Currency Status, You’ll Still Be Okay

by | Apr 27, 2023 | ,

Earlier this month, Larry Kudlow insisted that it is "it's incumbent on the U.S. government, no matter who's in power, to maintain the reserve currency status of the dollar." Kudlow laments that a toppling of the dollar from that perch "seems to be the direction we're going in." Kudlow's remarks came a day after Donald Trump declared that China is trying to displace the U.S. Dollar [sic] as the NUMBER ONE CURRENCY" and that if this occurs, it would be the biggest defeat for our Country [sic] in its history." Neither Trump nor Kudlow actually explain why maintaining reserve currency status is...

read more
To Fight the State, Build Alternatives to the State

To Fight the State, Build Alternatives to the State

by | Mar 29, 2023 |

Throughout its history, liberalism—the ideology today called “classical liberalism” or “libertarianism”—has suffered from the impression that it is primarily against things. This is not entirely wrong. Historically, liberalism coalesced as a recognizable and coherent ideology in opposition largely to mercantilism and absolutism throughout Western Europe. Over time, this opposition extended to socialism, protectionism, imperialism, aggressive warfare, and slavery as well. In this regard, liberals have for centuries fought against a wide array of moral and economic evils that spread poverty,...

read more
Real Estate Markets Are Addicted to Easy Money

Real Estate Markets Are Addicted to Easy Money

by | Mar 8, 2023 | ,

On Friday, residential real estate brokerage firm Redfin released new data on home prices, showing that prices fell 0.6 percent in February, year over year. According to Redfin's numbers, this was the first time that home prices actually fell since 2012. The year-over-year drop was pulled down by especially large declines in five markets: Austin (-11%), San Jose, California (-10.9%), Oakland (-10.4%), Sacramento (-7.7%), and Phoenix (-7.3%). According to Redfin, the typical monthly mortgage payment is now at a record high of $2,520. The Redfin numbers come a few days new numbers from...

read more
Copyright Laws Are Enabling Woke ‘Re-Writes’ of Classics

Copyright Laws Are Enabling Woke ‘Re-Writes’ of Classics

by | Feb 28, 2023 |

The estate of Roald Dahl this month announced that it would be rewriting many of the long-dead author’s books to better suit a “modern” audience. Translation: The books will be rewritten so the text is more in line with the editors’ notions of politically correct language. As a parent of four children, I’ve read my share of Roald Dahl books over the years, although I wouldn’t consider myself an especially big fan. Yet it’s hard to imagine what is so “offensive” in a Roald Dahl book that it needs to be rewritten. The Dahl books are not comparable to the original editions of, say, the Nancy...

read more
Part-Time Employment is Growing Faster than Full-Time Employment

Part-Time Employment is Growing Faster than Full-Time Employment

by | Feb 8, 2023 | ,

The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 517,000 jobs, which was well above expectations. The words used by the media to describe the report included “stunner” and “wow.” President Joe Biden claimed the number proves his administration has delivered economic prosperity. The administration has also noted that in the official numbers, the unemployment rate is at a multidecade low. This, Biden and his supporters insist, proves the economy is remarkably strong. There are at least a few things going...

read more
Your Social Security Money Is GONE, Understand?

Your Social Security Money Is GONE, Understand?

by | Feb 2, 2023 | ,

After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime. That may be true, but let it not be said that Americans don't feel very, very strongly about their own national pension program. I say this because in response to my article last week on raising the Social Security age, I received more furious responses than I have for any other article in many years. Here's one example from a man whose initials are MF: What are you, just nuts??? Having paid in to SS for...

read more
Does the Death of the Petrodollar Signal the End of the U.S. Empire?

Does the Death of the Petrodollar Signal the End of the U.S. Empire?

by | Feb 1, 2023 | , ,

On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the U.S. dollar, whether it is the euro, whether it is the Saudi riyal,” Al-Jadaan told Bloomberg TV. If the Saudi regime does indeed embrace substantial trade in currencies other than the dollar as part of its oil-export business, this would signal a shift away from the dollar as the dominant currency in global oil payments. Or measured another...

read more

Ryan McMaken

Ryan McMaken is the editor of Mises Wire and The Austrian. Ryan has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.



Podcasts

scotthortonshow logosq

coi banner sq2@0.5x

liberty weekly thumbnail

Don't Tread on Anyone Logo

313x0w (1)

313x0w (1)

Shop Our Books

Last Rights: The Death of American Liberty

Last Rights: The Death of American Liberty

by

Americans today have “freedom” to be fleeced, groped, injected, harassed, surveilled, vilified, disarmed, beaten, detained, and maybe shot by federal agents. From hapless homeowners hit by SWAT raids to pandemic lockdowns pointlessly paralyzing lives, government...

read more