President Trump’s first major speech on economic policy in 2017 was delivered in Lexington, Kentucky near the home of Henry Clay, the early nineteenth century leader of the Whig party and the epitome of a political tool of the moneyed plutocracy of the day. Clay championed Alexander Hamilton’s “American System” …

In private business “[t]here is no need to limit the discretion of subordinates by any rules or regulations other than that underlying all business activities, namely, to render their operations profitable.”—Ludwig von Mises, Bureaucracy, p. 46 In this quote from his classic 1944 book Bureaucracy, Mises explains why private, for-profit businesses need not, and …

Protectionist tariffs are associated with a long history of economic and social calamities in America. An important reason for this is that protectionist tariffs are a political tool of plunder and theft, and people don’t generally take kindly to being plundered and robbed. The only real difference between a lobbyist …

This article is a version of a speech delivered at the 2024 Mises Institute Supporters Summit. “Most economists are political apologists masquerading as economists,” wrote Doug Casey in one of his columns. “They prescribe the way they would like the world to work and tailor theories to help politicians demonstrate …

The answer to the question posed in the title is: Yes and No. Yes, some elections have made a significant difference but in general, no, they have not. There are many reasons why elections generally no longer make much of a difference in terms of the economy. One is that for the past …

A definition of “projection” is when one baselessly accuses others of doing something unsavory, immoral, or illegal that he is actually doing. For example, a thief who, without proof, accuses others of being thieves. This is what socialists do when they call their intellectual and political opponents “fascists” or compare …

The Siena College Research Institute, the American Political Science Association, and C-SPAN all publish rankings of American presidents by “mainstream” historians, political scientists, and other “presidential experts.” Abraham Lincoln and Franklin D. Roosevelt usually alternate in first and second place, but occasionally George Washington will come in second. In the …

On October 23, 2024, Tom DiLorenzo appeared NOW with Stacy Washington, to explain how the Chinese Communist Party is imitating what the Federal Reserve did in the early 2000s. The original episode is available on SalemNewsChannel.com. Buy All-American! Bring health and vitality back to your body with these non-transdermal patches Get your Vitamin …

At the recent Mises Institute Supporters Summit in Hilton Head, South Carolina Tom Woods made some flattering comments about Yours Truly regarding my 2000 book coauthored with James T. Bennett entitled From Pathology to Politics: Public Health in America (Transaction Publishers).  That’s the year 2000, not 2020.  Tom’s comment was the …

Presented in Hilton Head Island, South Carolina on Saturday, October 12, 2024. Article posted with permission from Thomas DiLorenzo