The French credit default swap has soared to a post-2020 record of 39 points. Many commentators blame the rise of the National Front for market turmoil. However, none of this would have happened if France’s debt was low, finances were strong, and the euro area

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For all of the media ballyhoo about the CHIPS Act, it really is a page out of the old five-year plans from the Soviet Union. The CHIPS Act will have the same success as befell the Soviets.

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We have a unique opening to strike at the root of the most pressing issue facing Americans: the forces making us poorer and stealing away our future.

While F.A. Hayek saw human ignorance as the basis for what he called spontaneous order, Ludwig von Mises saw human reason as the basis for praxeology.

If you hail deficit spending, you are embracing impoverishment. If you defend this kind of deficit spending, you are actively supporting stagnation.

In this issue of the Misesian we celebrate seventy-five years of Human Action. As you will see in the next pages, many of our top scholars examine the legacy of Human Action and find it continues to inspire new generations of economists, scholars, and students.