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Daily Articles from The Mises Institute on Austrian Economics and Libertarianism
Updated: 38 min 32 sec ago

Dead Texts Take Flight

Wed, 08/18/2010 - 11:25

The Mises Institute has made available many previously obscure or out-of-print books. Now students take for granted the living existence of these texts, and that is the highest compliment we could receive.

Marxism vs. the Majority

Wed, 08/18/2010 - 07:34

Marx and Engels, two men of unquestionable bourgeois background, hatched the class ideology of the proletarian class. They believed their adversaries could only be either bourgeois idiots or proletarian traitors.

Affording the Unemployed

Wed, 08/18/2010 - 06:17

Keynesians fear that a weak fiscal and monetary response will cause the presently cyclically unemployed to become so permanently. But is long-term, involuntary structural unemployment even possible?

Argumentation and Self-Ownership

Tue, 08/17/2010 - 11:25

In order to argue and seek agreement with another person, you must accept that each of you owns yourself. Rejecting private property, then, is tantamount to rejecting the possibility of rational argument.

Sound Banking in Lebanon

Tue, 08/17/2010 - 07:34

Lebanon's financial regulations do not actually regulate the market itself but only the behaviors that the central banks have enabled. It's like feeding a lion with one hand while fighting it with the other.

Kingdom Come: The Politics of the Millenium

Tue, 08/17/2010 - 06:16

Premillennial Christians, who believe that they must establish the Kingdom of God on Earth before Christ will return, have increasingly come to believe that to build the Kingdom they must eliminate sin through violence and coercion.

Socialist Calculation

Mon, 08/16/2010 - 07:34

If we are to judge aright, we must realize that the system under which we live, choked up with attempts at partial planning, is almost as far from capitalism as it is from any consistent system of planning.

What Is Classical Liberalism?

Mon, 08/16/2010 - 07:34

The political goal of classical liberals must be to counteract the current now leading the world toward what Macaulay called "the all-devouring state" — the nightmare that haunted Burke no less than Tocqueville and Herbert Spencer.

Is Our Money Based on Debt?

Mon, 08/16/2010 - 06:17

The Fed creates new dollars out of thin air and then lends them to the US Treasury. This loan out of nothing is then itself the source of the private banks' ability to create money out of debt.

Social Insecurity

Fri, 08/13/2010 - 08:51

You may think that Social Security is a bad deal for me, and it is, but it is going to be much worse for those who are younger than I. At least I still get a positive rate of return.

Explore the Theory of the Completely Free Society

Fri, 08/13/2010 - 07:34

After taking this class, you will realize that the Founders who called government a "necessary evil" were only half right. Join us as the Mises Academy leads the way forward in educational technology.

Wage Rates as Affected by the Vicissitudes of the Market

Fri, 08/13/2010 - 06:17

It is good luck for the laborer if market conditions are such that a kind of work he is able to perform is lavishly remunerated; it is chance, not personal merit, if his innate talents are highly appreciated by his fellow men.

The English Civil War and the First Libertarian Movement

Thu, 08/12/2010 - 08:51

What counts in history is results, not intentions. Regardless of the motivations of its combatants and propagandists, the English Civil War pushed everyone to take a second look at their assumptions about politics.

Unintended Consequences of Trade Sanctions

Thu, 08/12/2010 - 07:34

The greatest hope for Iranian democracy is being squashed, not by the repressive military of the local overbearing authoritarian government, but by the bootheels of the self-styled beacon of liberty.

Fleury, Fénélon, and the Burgundy Circle

Thu, 08/12/2010 - 07:34

Men of influential and privileged status are rarely inclined to toss all their privileges aside to engage in the lonely and dangerous task of working outside the inherited political system.

Wilhelm von Humboldt

Wed, 08/11/2010 - 13:59

Humboldt's primary contribution to libertarian thought was the value he placed on the free, self-sustaining activity of the individual and on the unhindered collaboration of the members of society.

Is Deflation Really Bad for the Economy?

Wed, 08/11/2010 - 07:34

Deflation arrests the process of impoverishment that monetary inflation inflicts on the economy. It shatters the illusion of prosperity created by the central bank's printing of money.

The Ideological Impregnation of Thought

Wed, 08/11/2010 - 06:16

To conceal the fact that Marx invented his concept of ideology expressly to discredit the economists, he elevated it to the dignity of a general epistemological law, valid for all ages and for all branches of knowledge.

Murray Rothbard and the Deflation Bogey

Tue, 08/10/2010 - 08:51

The Paul Reveres of the economics profession are riding their horses, warning Americans, "Deflation is coming! Deflation is coming!" These "experts" misunderstand the role of money in the economy.

In Defense of Deflation

Tue, 08/10/2010 - 08:51

What Austrians know for sure is this: Deflation can benefit all the people in an economy. But inflation can only benefit those who are massively indebted and inefficient — like governments.