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The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.
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When accusations of rape and assault were made against Duke University’s lacrosse team in 2006, both the Durham City Police and District Attorney Michael Nifong engaged in law breaking to indict three young men that clearly were innocent.
Original article: https://mises.org/mises-wire/durham-police-and-prosecutors-committed-numerous-crimes-duke-lacrosse-case-and-escaped-meaningful-punishment
The federal government heavily subsidizes certain politically-connected food growers in the name of “protecting our food supply.” Actually, the government protects the livelihood of those that promote unhealthy foods.
Original article: https://mises.org/mises-wire/cheap-calories-expensive-consequences-how-federal-policy-contributes-chronic-disease
Mainstream finance regularly confuses finance, insurance, and betting. The Austrian School provides the tools to understand their differences.
Original article: https://mises.org/mises-wire/mistaken-identity-prediction-markets
Murray Rothbard’s system was built upon the natural rights of individuals, and tying liberty to property and ownership, not collectivism.
Original article: https://mises.org/mises-wire/individualism-rothbards-natural-rights-libertarianism
Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.
Original article: https://mises.org/mises-wire/iran-war-brings-more-inflation-and-new-strength-yuan
America has a long history of vibrant small business. But small business went into decline in the twentieth century, and it wasn’t just due to large scale industrialization. Government has played a big role.
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Hayek and Mises warned that centrally planned economies fail, and that intervention breeds inflation, instability, and boom-bust cycles. Yet socialism is trendy again, and politicians still think they can “manage” the economy. Ryan McMaken joins John Stossel to explain why Hayek and Mises matter now more than ever.
The original Stossel TV interview is available at https://youtu.be/WxW7JRc414Y
In this 1960 essay, Murray Rothbard warns critics of scientism not to concede the very term "science" to positivist methodology. He reclaims scientia as “correct knowledge,” and defends the idea that economics and the social sciences can be rigorously scientific through sound reasoning about purposeful human action, without pretending to be physics.
On this episode of Minor Issues, Mark Thornton replays two short interviews: one recorded with Daniela Cambone weeks before the outbreak of war in the Middle East, and another with Dunagun Kaiser recorded days ago as the conflict escalates. Mark breaks down why precious metals are unusually volatile, how war and interventionism collide with inflationary fiat regimes, and why rising interest rates and commodity prices point to a more dangerous long-run trend. He also connects the dots between the Fed’s “liquidity” talk, a deeper leverage problem in finance, and the way wars can be used to divert attention from economic failures at home.
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Combining binary and triangular interventions, the state coercively taxes citizens to pay for its services, monopolizes certain services, and then is incentivized to engage in paid non-delivery.
Original article: https://mises.org/mises-wire/its-not-anarcho-tyranny-its-interventionist-non-intervention
Neo-Malthusian Paul Ehrlich recently passed away, but not before his false doomsday claims made his a very wealthy man.
Original article: https://mises.org/mises-wire/remembering-paul-ehrlich-even-if-we-would-rather-not
Leftists sarcastically asking where the money for this war will come from are right about the GOP’s hypocrisy, but wrong to imply that it actually means there's plenty to spend on all these government programs. We can’t afford any of this.
Read the article here: https://mises.org/mises-wire/no-we-cannot-afford-war-iran-either
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Generations of scholars come and go; a few, including Roger Garrison, make their mark on the field and inspire future generations to do the same.
Original article: https://mises.org/power-market/roger-garrison-and-sustainable-growth-austrian-school
As we continue to celebrate the centennial of the birth of Murray Rothbard, Wanjiru Njoya reminds us that he never compromised his principles and stood for liberty throughout his all-too-brief life.
Original article: https://mises.org/mises-wire/rothbard-never-abandoned-his-principles
Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do not explain it. Only the Austrian theory of time preference correctly explains interest.
Original article: https://mises.org/mises-wire/popular-interest-rate-theory-describes-fails-explain
Modern academic historians have been captured by the cultural Marxists, no matter how much they deny the obvious truth.
Original article: https://mises.org/mises-wire/cultural-marxism-masquerading-true-history
As war drums beat again, this time against Iran, we ask ourselves if recklessness from Donald Trump and European and Israeli leaders is pushing us to catastrophe.
Original article: https://mises.org/mises-wire/another-stone-age-making
On this episode of Power & Market, Ryan, Connor, and Tho look at the economic fallout from the war in Iran. How has Iran been able to control the Strait of Hormuz? How might central bankers react? And draft talk out of Washington? Tune in to hear about this and more, as well as a preview of next week’s Libertarian Scholars Conference and Austrian Economics Research Conference.
The radical classical liberals of the past were not so naive as to think that words on paper would prevent the abuses of the central state. Allowing the central state to have a monopoly on coercive power is always a mistake.
Original article: https://mises.org/mises-wire/only-power-can-check-power
The Duke Lacrosse Case would never have been a legal item had not the police and prosecutors of the case lied and broken the law on numerous occasions. Here is a small sampling of the lies they told.
Original article: https://mises.org/mises-wire/duke-lacrosse-case-20-years-later-how-durham-law-enforcement-promoted-criminal-conspiracy
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this is one of the dumbest arguments I've ever heard in my life. you don't pay people for some sort of jumbling together of words that just happens to be interesting. you pay an offer for his work, for his time and labor. it takes me 10 years to write a book do all the research for the book and then you come along and publish it and don't give me any money and then say it's just a bunch of words in a certain order you don't own that you're not being honest. you're stealing my time in labor.
insightful
love mises what a treasure
Josiah Schmidt clearly doesn't realise that "M." is short for "Monsieur".
too long winded
Keep up the good work, Mises Institute.