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Daily Articles from The Mises Institute on Austrian Economics and Libertarianism
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Economic Nationalism: From Mercantilism to World War II

Tue, 07/13/2010 - 07:28

The modern concept of the national state was born and consolidated from the 16th to the 18th century. The state's regulation of external trade for the goals of national power in that period is known as "mercantilism."

The Libertarian Position on Capital Punishment

Tue, 07/13/2010 - 07:28

Libertarians should advocate capital punishment for all cases of murder, except in those cases where the victim has left a will instructing his heirs not to levy the death penalty on any possible murderer.

Prosperity Strangled by Gold?

Mon, 07/12/2010 - 10:04

The propositions of the supporters of bimetallism cannot bear examination. The inference that we must restore the free coinage of silver to escape this strangulation of prosperity falls to the ground.

The Economics of Libertarianism, Confused

Mon, 07/12/2010 - 07:32

In order to "prove" that heavy-handed government intervention works — in contrast to a world of libertarian laissez-faire — Glaeser points out that our present system allows massive oil spills and corrupt judges.

Was Thomas Jefferson a Great President?

Mon, 07/12/2010 - 06:15

Was Thomas Jefferson a great president? He certainly could be ranked as one of the most disappointing: there was so much that he could have done, was expected to do, but did not do.

Repeal the Drinking Age

Fri, 07/09/2010 - 07:32

Somehow, and no one seems to even imagine how, this country managed to survive and thrive before 1984 without a national minimum drinking age.

Parallel Lives: Liberty or Power?

Fri, 07/09/2010 - 07:32

All the money and power we can gain will be useless to us after we die. Even large fortunes can dissipate after a generation or two. The legacy we leave on this earth comes down to the principles by which we lived.

Catallactic Unemployment

Fri, 07/09/2010 - 06:16

In a free market, an unemployed man has always chosen unemployment over working in a place, at a time, in a way, or for a wage that he dislikes.

Emma Goldman and the End of the First Libertarian Movement

Thu, 07/08/2010 - 08:48

When World War I broke out, just as nearly 90 years later when the 9/11 attacks took place, many libertarians came down with war fever. But Emma Goldman remained stalwart.

Pandemic: The Contagious Crisis

Thu, 07/08/2010 - 08:48

If you think the free market should be blamed for our current economic woes, you are on the wrong track. The cause of the crisis is ill-conceived government intervention.

Jean-Baptiste Colbert and Louis XIV

Thu, 07/08/2010 - 07:32

What manner of man was this, then, this grand bureaucrat who scorned the interests of mere individuals and merchants as petty and narrow, who presumed always to speak and act for the "national" and even "public" interest?

Ten Economic Blunders from History

Wed, 07/07/2010 - 08:48

Take cover when you hear a political leader talking about economic affairs. You can bet a bad decision is incoming. Every so often, however, great leaders manage to land a real whopper that takes them down along with their whole country.

The Fresh Air following Revolution

Wed, 07/07/2010 - 08:48

Murray Rothbard has embarked on the ambitious task of writing a multivolume survey of American history. Rothbard's narrative approach, clear style, and fresh libertarian commentary will interest many readers.

Defending the Gypsy Cab Driver

Wed, 07/07/2010 - 06:15

A proper solution to the taxicab crisis is not to co-opt the movement of gypsy cab drivers by the offer to take them into the system, but rather to destroy the system of restrictive cab licenses.

The Case for a 100 Percent Gold Dollar

Tue, 07/06/2010 - 08:48

Murray Rothbard has given us another provocative, informative, and elegantly reasoned economic tract. He defends his position brilliantly — not only with prodigious historical scholarship but also with unrelenting logic.

Gathering Data while Washington Burns

Tue, 07/06/2010 - 07:30

It should come as a monumental embarrassment to future social scientists to observe that their mainstream predecessors were worse than useless for predicting and remedying the disaster.

The Tyranny of the Bench

Tue, 07/06/2010 - 06:14

One of the fatal flaws in the concept of "limited" government is the judiciary. It is up to government judges to rule on whether government judges are immune from the law.

Socialism versus European Democracy

Mon, 07/05/2010 - 08:48

Why did democracy fail on the European continent? Who were the gravediggers of European parliamentarism? Public opinion views recent European history mostly in the light of Marxian legends that badly distort the facts.

Work for Free

Mon, 07/05/2010 - 07:32

The job applications pour in by the buckets, all padded with degrees and made to look as impressive as possible. It's all just paper. But experience and reputation are gold.

The Myth of the Social Security "Trust Fund"

Mon, 07/05/2010 - 06:15

The present value of Social Security's expected revenue stream is less than the present value of its expected expenses. That is the very definition of bankruptcy.