Miguel Hernández In 1922, Ludwig von Mises published Socialism and intellectually demolished all socialists. He refuted the ideology by demonstrating that socialism is an economic impossibility. The central argument is the economic calculation problem. In a market economy, prices arise from the voluntary exchange of production goods between private owners. These prices are not arbitrary numbers; they are the only tool that allows for the rational comparison of alternative us

Miguel Hernández Public spending is not investment. Genuine investment arises from voluntary savings, is guided by economic calculation, and is subjected to the test of profits and losses. The entrepreneur who invests poorly goes bankrupt. The official who invests poorly asks for a bigger budget. When the State takes resources from the productive sector through taxes or debt, it is not channeling capital toward socially valuable uses. It is destroying the only mechanism that

Today, March 2, 2026 , the world of ideas commemorates the 100th anniversary of the birth of Murray N. Rothbard (1926–1995). Libertarian lawyer Stephan Kinsella has announced the official publication of the book Rothbard at 100: A Tribute and Assessment , edited by Stephan Kinsella and Hans-Hermann Hoppe, and published by Papinian Press and The Saif House. As a gift to all defenders of liberty, the digital version of the work has been released completely free of charge