Joe Salerno on Hans Sennholz

In a 2011 interview, The Daily Bell asked Joe Salerno about Hans Sennholz. Here was his answer: Daily Bell: Why do you think so highly of Hans Sennholz? Why was he under-appreciated? Dr. Joseph Salerno: I greatly admire the work of the late Hans Sennholz because he embodied so well the virtues and skills of […]

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Worker's Owning their Own Capital

Per Bylund makes a great observation in a recent post on the alleged exploitative nature of the “gig economy.” The interventionist (usually on the left) storyline is that the gig economy makes people accept lower wages; that is, they complain that companies such as Uber and Lyft ought consider the drivers to be employees rather […]

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George Reisman on Child Labor

We are always lectured about how government involvement in labor markets was the cause of the end of child labor. From George Reisman’s new ebook on Socialism/Marxism, he rebuts this: Capitalism abolishes child labor by virtue of the fact that as the real wages of parents rise, families become less and less dependent on any […]

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Glenn Greenwald on the "protocol for public figure deaths"

In the same vein as my post last night on John McCain’s death, and the nature of our reflection, I was just made aware of Glenn Greenwald’s excellent observations regarding the “protocol for public figure deaths.” While in the context of Reagan’s death, he makes a similar point, though is perhaps even more clear: But […]

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The Economic Phenomenon of Wages

George Reisman's brilliant argument against the claim that profits are exploitation

Because the gap between my knowledge and David Gordon’s knowledge on the history of economic thought is wider than the United States’ liability deficit, I will trust him when he implies that George Reisman’s argument against the Marxist theory of the exploitive nature of profit is pretty much unique to Reisman. I have written on […]

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On Tax Evasion

The “Crime” of Keeping What is Yours

On August 21st, 2018, a jury found Paul Manafort guilty of eight counts of tax and bank fraud. To summarize the convictions, Manafort managed to pay less in taxes by declining to disclose the existence of various bank accounts that he holds to the federal government. Manafort could die in a jail cell for tax […]

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Reisman: "Social democrats should stop calling themselves socialists."

George Reisman is out with a new ebook, a long essay– which most of his ebooks are essentially– on Marxism/socialism. While Reisman isn’t a Misesian purist, especially in the Rothbardian tradition of Mises interpretation, I nevertheless think he is an immensely important contributor in the greater Austrian economic framework. He echoes something I have been communicating […]

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Why Americans Clamor for Socialism

If every time the government intervenes (known as economic interventionism) into the broader economy there is an eventual wave of resulting economic pain, and if the political and academic classes continue to describe our system as free market or capitalistic, then the entirely predictable result is a mass embrace of socialism as the solution to […]

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Marxism, Reformism, and Interventionism

One of the points that I made in my previous article on socialism is that the Orthodox Marxists define socialism as the situation in which there is public (community) ownership of the means of production. Since historically labelled socialist regimes (Stalin, Venezuela) do not match this definition and because the means of production were controlled […]

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Raimondo skewers Charles Koch

The wonderful Justin Raimondo, a defender of the Old Guard libertarians, has a nice, sizable column on Charles Koch and his “low tax liberalism” flavor of libertarianism in the Spectator USA. Definitely worth the read.

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"True Socialism" and the State: A Follow-Up

Quick note: I’ve decided to shift the blog section of the site from a separate subdomain to the main site, in its own category. So all future articles will show up at As a followup to my article yesterday on the meaning of socialism, I want to make a quick comment on the idea of […]

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How Politicians Pander

Bob Wenzel notes: House Speaker Paul Ryan has announced that he will not seek re-election in November. Ryan listed Rand’s, Atlas Shrugged, as one of the three books he most frequently rereads but the principles of Rand never seemed to sink in. As House Speaker, he acted more like a weak LBJ than Rand. Here’s […]

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H.L. Mencken on the Government's Money and Services

HL Mencken from his article More of the Same, original published in the American Mercury in 1925: When a private citizen is robbed a worthy man is deprived of the fruits of his industry and thrift; when the government is robbed the worst that happens is that certain rogues and loafers have less money to […]

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Gerard Casey and Murray Rothbard on the Nature of the State

Casey doesn’t mess around: States are criminal organizations. All states, not just the obviously totalitarian or repressive ones. […] I intend this statement to be understood literally and not as some form of rhetorical exaggeration. The argument is simple. Theft, robbery, kidnapping and murder are all crimes. Those who engage in such activities, whether on […]

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Paul Gottfried Dissents from the Thought Controllers

“Media elites decide what “we as a people” should or shouldn’t be. Who asked you?” —Gottfried.

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I, Customer: Blind Sheep Edition

I commented on a Wall Street Journal article which was about the fact that Apple Music subscribers were set to surpass Spotify subscribers in the US. Seeing the number of anti-Apple leftists commenting, and having a couple minutes to spare, I laid the bait: I love Apple in every way. Can’t get enough of their products. […]

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Excerpt from Mises' Biography

I like this first part of the preface of Mises: The Last Knight of Liberalism, brilliantly researched and written by Jorg Guido Hulsmann. It really captures Hulsmann’s appreciation for Mises, and touches on Mises’ contributions to the freedom philosophy. IN THE SUMMER OF 1940, with Hitler’s troops moving through France to encircle Switzerland, Ludwig von […]

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Rights Have Supremacy Over the "Will of the People"

Left wing populists, such as the increasingly followed Robert Reich, have recognized that the US economic and political system is basically controlled by the well-connected elite. These corrupt persons operate on the framework of leveraging the Federal government for their own economic and political empowerment. However, by not having a proper understanding of rights and […]

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Announcing: Austro Libertarian Podcast

Here’s everything you need to know. I’m pleased to announce that Austro Libertarian now has a podcast. The format is simple: myself and a cohost, Ben Lewis, will conduct interviews and conversations relating to Austro Libertarian ideas and themes, sometimes perhaps current event commentary. We welcome suggestions and feedback. In fact, I’m considering adding a […]

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Cathy Newman and the Unconstrained Vision

Been thinking about one particular moment in the the Peterson-Newman standoff, in which Newman is questioning Peterson about why there are more male CEOs in the FTSE 100. Part of the reason for this, Peterson explains, is that men tend to have a personality better suited for adapting to the fierce nature of big business competition. […]

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Not a Good Summary of Libertarianism

Here is a sentiment, often seen in Facebook comments, that does not accurately reflect libertarianism, though it is portrayed to: “As a libertarian, I don’t care what he does.” To clarify, this is not exactly what the libertarian qua libertarianism should say. Here is what it should say: “As a libertarian, I don’t believe he […]

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Revealed Preferences in Government Shutdowns

The US federal government, thanks to central banking, has an unlimited power to spend, so it almost never has to sacrifice anything to get what it wants. But there are a few brief moments where some procedural rules force Congress to act as if it had a finite budget. These “government shutdowns” give us a […]

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Tom Woods and Margit von Mises Remember Betinna

The liberty movement lost a hero this week in the death of Bettina Bien Greaves. She was key –vital– to the legacy of Ludwig von Mises. Here is Margit von Mises, reflecting on Bettina in Mrs. Mises’ biography: Then there was Bettina Bien, now Bettina Bien-Greaves. She first came to the seminar in 1951 and […]

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Should Rand's Attacker Face Federal Charges?

Rand Paul’s neighbor, who physically attacked Paul last year, damaging lungs and ribs, is now facing federal charges. This is because Paul is a Senator. This could mean up to 10 years in prison and $250k fine. Although it looks like prosecutors are seeking a 21-month sentence. Sympathetic as some libertarians might be for Paul, […]

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The Runaway Watchman

An upcoming miniseries by Paramount about the 1993 Waco massacre has kicked up some fresh discussion of the events. If you are unfamiliar with the story, a recent episode of the Scott Horton Show will fill you in. Sadly, Waco is not a totally isolated incident. It is only one of the better-documented cases of […]

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