LMR – August 2017

In the concluding chapter of his book, Socialism, Mises paints a picture of a world being turned upside down right before his eyes. Like it or not—and Mises himself was a skeptic—the old justifications for law and morality were crumbling with the influx of Enlightenment rationalism.

Read More »

LMR – July 2017

“In all times, but more especially of late years, attempts have been made to extend wealth by the extension of credit.” —Frédéric Bastiat (1801-1850)

Read More »

LMR – June 2017

Interventionism is a word we often write and talk about without realizing that many of our readers may still not quite understand why we speak of it as being one of the main contributors of our flawed monetary policy. Like the word inflation, interventionism deserves a Misesian interpretation in order to grasp it fully.

Read More »

LMR – May 2017

There is probably no other of Mises’ theoretical writings more understandable to the layperson than Economic Policy Thoughts for Today and Tomorrow. There is a reason for this. This small book was compiled from a series of lectures given by Mises in Argentina in 1958 to a Spanish speaking audience of students.

Read More »

LMR – April 2017

When Böhm-Bawerk died in 1914 Mises was thirty-three years old and well versed in his predecessor’s work. Böhm-Bawerk’s foundational work on Capital and Interest would continue to flourish in Mises’ masterful treatise Human Action, and in the writings of future Austrian thinkers.

Read More »

LMR – March 2017

There is always an endless list of prophets, soothsayers, and gurus broadcasting to the multitudes the absolute final “Word” on what we must all do to be saved. Be it a social, economic, or political message the objective is to gain mass acceptance and mass approval to which Albert J Nock would say, “nothing substantial can be expected from the masses, but only from the Remnant.”

Read More »

LMR – February 2017

“It is no exaggeration to say that, once the more active part of the intellectuals has been converted to a set of beliefs, the process by which these become generally accepted is almost automatic and irresistible… the sieve through which all new conceptions must pass before they can reach the masses.” —F.A. Hayek

Read More »

LMR – January 2017

Entrepreneurs and business owners at some point in their climb to the top income levels realize that the more money they make the more taxes they have to pay. It is so demoralizing that they will spend endless hours trying to circumvent this stranglehold and pay tax experts enormous sums to help them beat this trap.

Read More »

LMR – December 2016

Probably at no other time of the year except during Thanksgiving and Christmas are we made more aware of the consumer market and its enormous purchasing power. This is because these holidays have within them the impetus for the manufacturing, the buying and the selling of lots of goods. Yet, it is the average person’s decision to buy, or not to buy, that ultimately determines what should be produced and in what quantity and quality.

Read More »

LMR – November 2016

At the recent Freedom Advisor event in St. Louis, Carlos and I shared our thoughts on the U.S. economy in light of Donald Trump’s shocking election. After our discussion, one of the attendees said to me, “Bob, that was the most optimistic I’ve ever heard you!” It was true.

Read More »