From HansHoppe.com:
Die Ökonomie und Ethik des Privateigentums: Studium der politischen Ökonomie und Philosophie, Zweite Ausgabe (2026), a translation of Hans-Hermann Hoppe, The Economics and Ethics of Private Property, Second Edition (Auburn, AL: Ludwig von Mises Institute, 2006) has been prepared. Text below and pdf here. Translated by Andreas Tank. The paper version will be available for purchase presently.
Originally published at The Rude Awakening.
The Rude Awakening (May 22, 2026)
In the summer of 2021, Lordstown Motors held a ceremony.
Cameras. Executives in hard hats. A gleaming electric pickup truck rolling off the line in rural Ohio. Politicians gave speeches about the future of American manufacturing. CNBC ran the footage on a loop.
Eighteen months later, Lordstown Motors filed for bankruptcy. [continue reading…]
Originally published: Douglas E. French, “Sorkin’s Soapy Crash Story,” DouglasinVegas.com (Mar 25, 2026)
The current stock market volatility is testing investor meddle once again. The second Trump administration’s “Liberation Day” tariff announcement and the Iran invasion have produced selloffs that have punctuated what has been a constant bull market in stocks. The Great Financial Crisis seems like a long time ago. The crash of 1929 is largely forgotten, let alone previous panics.
Andrew Ross Sorkin has brought the great crash back to life with another bestseller, 1929: Inside the Greatest Crash in History—And How It Shattered a Nation. Sorkin’s telling of the financial debacle focuses on a few individual stories As he writes, A Night to Remember about the sinking of the Titanic was his “narrative touchstone.”
Ralph Raico (1936-2016) presented this informal session at Mises University in Auburn, Alabama, on August 11, 2005.
Professor Raico (Mises.org/Raico) was Professor Emeritus in European history at Buffalo State College and a senior fellow of the Mises Institute. He was a specialist on the history of liberty, the liberal tradition in Europe, and the relationship between war and the rise of the state. [Mises media]
I was reminded of this in a recent tweet by David Beito:
I never played Risk with Rothbard but I did play Trivial Pursuit with Raico and Ron Hamowy (who matched Raico’s wry wit).
In one game, Raico kept missing questions in the history category which were all about soap operas and old TV shows. Finally, Hamowy looked at him and… https://t.co/p5kZ4OV3fq
— David T. Beito (@davidtbeito) May 21, 2026
Originally published at The Rude Awakening.
The Rude Awakening (May 21, 2026)
We’ve named time preference and interventionism so far. Here’s the next important step on our map: capital consumption.
This is what Donald Trump is trying to prevent in the United States, in his own way… with mixed results so far.
Why?
Because he knows it’s the one thing most responsible for America’s manufacturing decline. It’s one thing for a better team to beat you. It’s another thing entirely for your team to give the game away to foreigners. [continue reading…]
From the archives: Doug French: The Injustice System, Darrow’s Resist Not Evil, interviewed for Liberty.me by Kyle Platt (May 14, 2014). Doug’s Introduction to the Mises Institute’s 2011 reprint of Darrow’s Resist Not Evil is appended below.
Kyle Platt speaks with Doug French, Executive Editor or Agora Financial and former President of the Ludwig von Mises Institute, about Clarence Darrow‘s almost forgotten book, Resist Not Evil, and the the implications of this scathing critique of the American justice system.
Kentucky Congressman Thomas Massie is the closest thing to a libertarian in the U.S. Congress. He opposes the American-Israeli genocide in Gaza and the unprovoked invasion of Iran. He voted against Trump’s explosive spending bill that he said will only spawn inflation and economic decline. He authored legislation to make the Epstein Files public. Perhaps his biggest “crime,” in the eyes of the Washington establishment, was to go on the Tucker Carlson podcast and reveal to the world that every member of the U.S. Congress except himself had an AIPAC (American Israel Public Affairs Committee) “handler” whose job was to assure that all members of Congress always vote in Israel’s interest even if it is against the interests of the average American. The genocide in Gaza and the invasion of Iran would be two examples. And oh yes, he offered a bill that would eliminate the Israeli exemption from U.S. foreign influence lobbying law. In addition to being the closest thing to a libertarian in Congress, he is also the closest thing in Washington to an America First politician.
Well. For that the Israeli First lobby got three left-wing Jewish billionaires (who are not from Kentucky) to “donate” tens of millions to defeat Massie in his primary election. They picked an “Israel-First Neoconservative” nobody named “Ed Gallrein” who used to be a Democrat and who refused to debate Massie as his opponent. Trump himself hurled his usual juvenile insults at Massie and his thousands of Kentucky voters. Naturally, he lost.
Originally published at The Rude Awakening.
The Rude Awakening (May 20, 2026)
Welcome to the second article in this series of developing your economic map. Today, we’ll talk about the government’s interference in the markets. To start, I give you this priceless quote from none other than Ringo Starr:
Everything government touches turns to crap.
With that in mind, let us begin.
There’s a tool in every mechanic’s box called a ratchet.
It only turns one way. [continue reading…]
What inflation actually costs the American family.
The Consumer Price Index gets the cheap stuff right and the expensive stuff wrong. The Reality Index measures the gap between what the government reports and what families actually pay.
The Reality Index argues that official CPI inflation understates the real cost increases for American families by a lot — especially on big expenses like housing and healthcare, while overstating rises in cheap stuff like food. [continue reading…]
Originally published at The Rude Awakening.
The Rude Awakening (May 19, 2026)
I’m perfectly fine with receiving feedback from subscribers who disagree with my view. After all, reasonable people disagree all the time. And since I live in a different part of the world and hold a different perspective, inevitably, readers will sometimes wonder what I’m getting at.
After writing Uncle Sam’s Invisible Hand for the Daily Reckoning last week, I received what I’ll politely call the most misguided criticism I’ve ever received. It was positively inane and missed my point by what Elaine from Airplane! would call “a tad.” I won’t print it for those reasons. [continue reading…]
“How Corporate America Went Full Left,” Stateless Standard (May 19, 2026):
Corporate America didn’t “go woke” because its executives suddenly discovered compassion or equality. They danced with the left because that’s where the power and protection rackets live.
How Corporate America Went Full Left – And Why It Was Never About Woke
This isn’t idealism, it’s the oldest scam in the book: the powerful using government to rig the game against the stateless rest of us. Let’s rip the mask off with some real history.
The Socialist Razor Baron
Back in 1924, King Camp Gillette — the guy who made his fortune with disposable razor blades — teamed up with Upton Sinclair, the muckraker who wrote The Jungle. Together they pushed a book promoting Gillette’s longtime obsession: a single, gigantic, vertically integrated socialist corporation that would run everything from mines to your dinner table, enforcing equality through central planning. [continue reading…]
From HansHoppe.com:
La Grande Fiction: L’État, cet imposteur (Éditions Le Drapeau blanc, 13 Oct. 2016), a French translation of The Great Fiction, with a preface by Guido Hülsmann. Translation of the Prefance by Stephane Geyres below.
Saifedean Ammous, “Javier Milei’s Austrian Scam By the Numbers,” Property and Freedom Journal (May 18, 2026)
As a libertarian anarchist and Austrian school economist, I was interested in following the election of the first president in the world who professed to share my ideas. He said a lot of the right things on TV, and his radical policies seemed similar to what I would want implemented. After 30 months of close observation, I can confidently say Javier Milei’s policies bear no resemblance to what an Austrian economist would do, and he has used Austrian economics as a cover to run one of the most inflationary presidencies in Argentina’s highly inflationary history. Predictably, and in light of the most recent inflation and growth data, it is now safe to call Milei’s presidency a failure on all the important questions. Ignoring inconsequential rhetoric, Milei has been just another Latin American inflationist demagogue, selling his citizens pipe-dreams financed through inflation and debt that will burden and impoverish them for generations. In the 30th month of his presidency, when the seed of economic recovery planted early in the term should be bearing fruit, prices continue to rise, economic activity is declining, and the unsustainable government debt ponzi is larger than ever, suggesting much more pain to come.
Podcast: Play in new window | Download (Duration: 24:30 — 8.4MB)
Property and Freedom Podcast, Episode 326.
AI-assisted audio narration of the main chapters of Rothbard at 100: A Tribute and Assessment (Papinian Press and The Saif House, 2026) is available at this PFS Youtube Playlist; the mp3 files may also be downloaded in this zip file.
The first two chapters—my “Preface” and Hans’s “Introduction”—were published the week of Rothbard’s birthday here on the Property and Freedom Podcast (PFP315 and PFP314). The other main chapters will be released sequentially weekly on Mondays. The next in the queue:
11. Juan F. Carpio, “Murray Rothbard, Statelessness, and the Kritarchy: Five Millennia of Evidence for Competitive Lawmaking”
Tyler Kubik, “Murray N. Rothbard Bibliography: 1940–2019,” Property and Freedom Journal (May 16, 2026)
Editor’s note: We are pleased to present a comprehensive bibliography of the works of Murray N. Rothbard by Tyler Kubik. Kubik sent it to me after he noticed some various information about Rothbard posted on the PFS page for Rothbard at 100: A Tribute and Assessment (2026)2 including David Gordon’s bibliography, “Murray N. Rothbard: Chronological Bibliography (1949–1995),”3 a 54-page bibliography compiling work published between 1949 and 2005; and an Italian Bibliography, from Rothbard.it, which purports to cover Rothbard publications from 1947 to 1996. Kubik’s contains far more entries than these and covers a larger time period, from the early 1940s to 2019. [continue reading…]
As noted here, the 2026 Twentieth Annual Meeting of the Property and Freedom Society will be held from Thursday, September 17, 2026 to Tuesday, September 22, 2026.
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“Property does not exist because there are laws, but laws exist because there is property.” — Frédéric Bastiat
“Because the concept of property, for instance, is so basic that everyone seems to have some immediate understanding of it, most people never think about it carefully and can, as a consequence, produce at best a very vague definition. But starting from imprecisely stated or assumed definitions and building a complex network of thought upon them can lead only to intellectual disaster. For the original imprecisions and loopholes will then pervade and distort everything derived from them. To avoid this, the concept of property must first be clarified.” —Hans-Hermann Hoppe, TSC, ch. 2
The Property and Freedom Society (PFS; Facebook) stands for an uncompromising intellectual radicalism: for justly acquired private property, freedom of contract, freedom of association—which logically implies the right to not associate with, or to discriminate against—anyone in one's personal and business relations—and unconditional free trade. It condemns imperialism and militarism and their fomenters, and champions peace. It rejects positivism, relativism, and egalitarianism in any form, whether of "outcome" or "opportunity," and it has an outspoken distaste for politics and politicians. As such it seeks to avoid any association with the policies and proponents of interventionism, which Ludwig von Mises identified in 1946 as the fatal flaw in the plan of the many earlier and contemporary attempts by intellectuals alarmed by the rising tide of socialism and totalitarianism to found an anti-socialist ideological movement. Mises wrote: "What these frightened intellectuals did not comprehend was that all those measures of government interference with business which they advocated are abortive. ... There is no middle way. Either the consumers are supreme or the government."
(A more complete statement of our Principles can be found here.)
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