Mises Institute Senior Fellow Per Bylund will lead a new workshop on “Exploring & Developing New Theoretical Approaches to Market-Based Management & Entrepreneurship.” Now accepting applications.
Milton Friedman and the Monetarists believed that fluctuations in the money supply caused the boom-and-bust business cycles. Their solution—keeping money growth slow and steady—would still lead to business cycles.
During the Middle Ages, taxation was considered to be appropriate only as an extreme measure in times of emergency, and as a last resort. Kings were expected to subsist on revenues from their own private property.
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The Liberal Conundrum: When the Wrong Party Takes Power
Leftists seek to create a new society that supposedly is peaceable. However, they also celebrate violence done against political opponents, something that Murray Rothbard understood as undermining every supposed peaceful goal they claim to be pursuing.
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The Economics of AI: Dispelling Fears and Embracing...
Artificial Intelligence, for all of the fear-mongering taking place, simply is a tool that if applied in a free market setting will make our economy stronger, not weaker.
Advocates for US military intervention have invoked the war against the Barbary pirates as justification. Yet, an examination of that conflict shows that President Jefferson’s actions were limited and followed the direction of Congress.
According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic growth was accompanied by deflation.
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Interview: Alex Pollock on the Fed and Gold, Part I
Through its coercive monopoly over money creation, government constantly engages in silent theft through inflation, all done in the name of “stimulating” the economy.
Advocates for US military intervention have invoked the war against the Barbary pirates as justification. Yet, an examination of that conflict shows that President Jefferson’s actions were limited and followed the direction of Congress.
In this week's Friday Philosophy, Dr. David Gordon examines John Tomasi's thesis of Free Market Fairness that the collectivism espoused by John Rawls is compatible with classical liberalism. Not surprisingly, Dr. Gordon has another viewpoint.
A long-enduring myth about money is that we need a flexible or "elastic" currency for the economy to grow. Economist Jonathan Newman joins us to talk about why this has never been true.
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James Comey Is Not an Innocent Victim of the Lawfare...
Although the political establishment claims the Comey indictment represents an unprecedented moment in our history, the truth is much different. Federal prosecutors have a long history of bringing unjustified, politically-motivated prosecutions.
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James Comey Is Not an Innocent Victim of the Lawfare...
Although the political establishment claims the Comey indictment represents an unprecedented moment in our history, the truth is much different. Federal prosecutors have a long history of bringing unjustified, politically-motivated prosecutions.
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Absolutism and the “Reason of State”: Rothbard on the...
The Renaissance period is seen as mostly positive by historians, but the sinister development of absolutism and the imperial state complicates the legacy of that time.
Was Jackson’s victory over the Second Bank of the United States a triumph for liberty, or did it merely expand federal authority under the guise of constraining it? His legacy is complicated, but there is much we can learn from it.