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Jeffrey Miron This article appeared on Substack on September 29, 2023. The United Nations has released a report that calls for ending criminal penalties for drug use. Decriminalization is in line with libertarian principles, and penalties against users generate substantial harms, even when jail terms are absent (lower employment prospects,

Today marks the birthday of Ludwig von Mises, and day 5 of our annual Fall Campaign. The intellectual achievements of Ludwig von Mises make him one of the greatest minds in human history. His contributions to Austrian economics inspired new generations of scholars, from Murray Rothbard

But once a commodity is established as a money on the market, no more money at all is needed. —Murray Rothbard, Taking Money Back The Fed’s distinguishing characteristic is its grant of privilege to buy assets with money it doesn’t have. No other person or institution can