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Tag Archives: 6b) Mises.org

The Death of Easy Money Has Been Greatly Exaggerated

Reports on the death of the present cycle of politically motivated monetary easing, in the words of Mark Twain, grossly exaggerated. Contemporary market analyses are full of how the Fed and ECB are dialing back on previous hints of Spring 2024 rate cuts. In tune with this, commentators are lauding the central banks, especially the Fed, for a show of political independence as elections approach. The bigger picture though suggests otherwise. In the economic aftermath...

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Living Free in an Unfree World

The State knows no limits when it comes to intervening in the economy and our lives. From the value of our hard-earned income to the flow of water in our showerheads, nothing is out of reach for meddling bureaucrats. Ludwig von Mises explained, "The ultimate basis of an all around bureaucratic system is violence." Yet we advocate and hope for a world of peaceful cooperation and flourishing markets.  It's doubtful that politics holds all the answers. We cannot just...

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The Outrageous Persecution of Julian Assange

Today marks the second and final day in what could very well be Julian Assange’s last extradition trial in front of the British High Court. For almost five years now, the United States government has been working to get the Wikileaks founder extradited to the US to face charges that he violated the Espionage Act. Inspired by Daniel Ellsberg’s release of the Pentagon Papers back in 1971, Julian Assange founded Wikileaks in 2006. Assange’s vision was to develop an...

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How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction [embedded content]...

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Why Americans Do Not See a Strong Economy

The euphoria with the fourth quarter Gross Domestic Product (GDP) figure makes no sense. The headline champions say that real GDP increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the Bureau of Economic Statistics (BES). An increase in real GDP of $1.5 trillion with an increase in public debt of more than $2 trillion is not a strong economy. It is a bloated economy. Furthermore, there is nothing positive in consumption when personal...

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No, “Science” Has Not Proven Mises Wrong on Socialism

In response to the many shortcomings of the Soviet Union, Mao Zedong’s China, and Venezuela, the refrain, “It wasn’t real socialism,” has emerged as a rallying cry among apologists of socialism. Some readily admit the failures of these regimes and attribute the failures to capitalism rather than socialism. Some refuse to recognize the failure whatsoever; they see these experiments as genuine instances of “real socialism” and perceive them to be unequivocal...

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The Awesome Verbal Punching Power of Thomas Paine

Most public-school graduates have heard that Thomas Paine wrote something that convinced the colonies to declare their independence—though if they’re older than twenty-one their memory probably needs jogging. A few can even name what he wrote: Common Sense. And some can even incorrectly attribute a famous line to that pamphlet: “These are the times that try men’s souls.” With rare exceptions, most people don’t give a whit about Paine or what he wrote. But then, most...

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