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Daily Articles from The Mises Institute on Austrian Economics and Libertarianism
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The Anti-Educational Effects of Public Schools

Fri, 07/02/2010 - 08:45

With so many state governments' budgets now under severe strain, there are serious discussions about how to cut state funding to public education. Hopefully, the schools themselves will become only a memory of a less-enlightened past.

Seizing BP Assets: Compounding One Disaster with Another

Fri, 07/02/2010 - 07:32

The campaign to seize BP's assets in the name of the "public interest" is about building socialism, not providing financial compensation to families and businesses affected by the spill.

The Fallacies of Nonmonetary Explanations of the Trade Cycle

Fri, 07/02/2010 - 06:15

A satisfactory explanation of business fluctuations must not be built upon the fact that individual firms make bad investments. Trade-cycle theory must explain the general upswing of business activities and the following general depression.

How Bad Is Alabama's Tax Structure?

Thu, 07/01/2010 - 09:52

The present tax system is evil and stupid. This article is merely a defense of a tax regime that I consider less bad than many of its alternatives. Even so, any tax cut at any time is to be preferred to the status quo.

Under the Rule of the Cardinals, 1624–1661

Thu, 07/01/2010 - 07:30

Armand Jean du Plessis, Cardinal de Richelieu (1585–1642), considered the mass of Frenchmen simply as animals to be prodded or coerced in ways that were optimal for the French state.

Vince Miller and the International Libertarian Movement

Thu, 07/01/2010 - 06:15

Vince Miller worked over the past 60-odd years to maintain and extend the institutional infrastructure of libertarianism. Those who knew him will remember him both long and fondly.

The Economics of Depression Scrip

Wed, 06/30/2010 - 07:30

During times of panic, how did the free market deal with the problems of bank suspensions and hoarding? Did the market just collapse and wait for the government to rescue the economy? Or did it deal effectively with these problems?

Defending the Slumlord

Wed, 06/30/2010 - 07:30

The owner of ghetto housing differs little from any other purveyor of low-cost merchandise. In fact, he is no different from any purveyor of any kind of merchandise. They all charge as much as they can.

Blockbuster vs. the FTC (Keeping Future Competition Safe?)

Wed, 06/30/2010 - 06:15

Is strong antitrust regulation needed to protect competition in such vital markets as video rentals? Believe it or not, that's what the FTC said about the Blockbuster-Hollywood Video merger.

National Economy and Rotary

Tue, 06/29/2010 - 12:36

The Social Function of Credit-Default Swaps

Tue, 06/29/2010 - 08:45

In the current sovereign-debt crisis, governments want to shift attention and blame to speculators. But who is responsible for government debts if not governments themselves?

C + I + G = Baloney

Tue, 06/29/2010 - 08:45

The key fallacy embedded in Keynesian economics is the idea that government spending adds to an economy's health. In reality, the opposite is true. So let's bury that equation baloney and get back to work.

The Myth of Monolithic Communism

Tue, 06/29/2010 - 07:30

The necessity for grasping distinctions is vital for libertarians; our ultimate aim is to bring freedom to the entire world. It makes an enormous difference to us in which direction various countries are moving, whether toward liberty or toward slavery.

Can Gold Cause the Boom-Bust Cycle?

Mon, 06/28/2010 - 08:45

During the inaugural class of the Mises Academy, students repeatedly raised one question: could the boom-bust cycle still occur in an ideal Rothbardian world, with a completely free market that used gold as money and kept its banks at 100 percent reserves?

Aristotelian Self-Sufficiency through the Middle Ages

Mon, 06/28/2010 - 08:42

One of the Greek influences on the Hellenistic monarchies lay in envisaging national economic self-sufficiency as the basis of political strength. In fact, the evolution was from "self-sufficiency" to state-controlled trade, and finally to commercial hegemony.

Japan's Gift to FDR

Mon, 06/28/2010 - 06:13

Although Franklin Delano Roosevelt had long been committed to joining World War II, most Americans were reluctant to throw themselves into that distant conflict. It was the attack on Pearl Harbor that allowed Roosevelt to send American boys to their graves with a clear conscience.

The Role Played by Unemployed Factors of Production in the First Stages of the Boom

Fri, 06/25/2010 - 08:45

The beginning of a new credit expansion runs across remainders of preceding malinvestment and malemployment, not yet obliterated in the course of the readjustment process, and seemingly remedies the faults involved. In fact, however, this is merely an interruption.

Toward a New Monetary Order

Fri, 06/25/2010 - 07:30

The global monetary fiasco is a reminder that it is high time to seek monetary reform along the lines of that which is recommended by the Austrian School of economics. It is the only way to protect and maintain peoples' freedom and economic well-being.

Hayek's Road to Serfdom: Despotism Then and Now

Fri, 06/25/2010 - 06:15

Hayek's motivation for writing The Road to Serfdom was the shocking speed at which so many Europeans had simply forgotten all that they had learned over the centuries about the virtues of a free society, the need for limitations on government power, and the workings of capitalism.

The Brilliant but Confused Radicalism of George Orwell

Thu, 06/24/2010 - 10:00

He was a permanently confused but authentically and radically antiauthoritarian democratic socialist. He was the kind of modern leftist few modern-day libertarians would have any trouble getting along with, making common cause with, collaborating with.