A 64-year-old woman with deep family roots in Alabama recently said to me that she was taught in Alabama public school that Abraham Lincoln was “the best president ever.” That would be a good example of the consequences of what the New England Yankee conquerors labeled “reconstruction.” The truth is that Lincoln was by far the worst president in American history. He was certainly the most “reviled” (by the people of the North during his lifetime),...
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Category Archive: 6b.) Mises.org
Why They Really Hate Elon Musk
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Might Does Not Make Right: A Libertarian Perspective
The common phrase “Might does not make right” resonates as a universal principle as it neatly relates the idea that being powerful does not inherently make one’s actions just. Most people intuitively agree with this concept. Indeed, suggesting otherwise would likely provoke suspicion and, if acted upon, condemnation. A person who justifies their actions solely on their power or strength would be seen as a bad actor and avoided by others.Yet this...
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The Effect of Westward Expansion on US Citizenship
Yesterday in Mises Wire I looked at how citizenship in the United States was originally determined by the member states themselves. There was no definition of citizenship in either the original US constitution (i.e., the Articles of Confederation) on in the later 1787 constitution. Thus, the way to “US citizenship,” to the degree that it existed at all, was to become a citizen of one of the US’s member states.A problem with this situation quickly...
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Help Us Publish These Two Books!
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Is There a Trump Doctrine in Foreign Policy?
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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German “Democracy”: The Regime Bans Political Parties It Doesn’t Like
In democracies, parties are supposed to rise and fall at the ballot box. However, in Germany a provision of the postwar constitution allows for political parties to be banned if they are deemed a “threat to democracy.” This unique constitutional mechanism has been used only twice, first against the Socialist Reich Party (SRP) in 1952 and later against the Communist Party of Germany (KPD) in 1956. Today, this legal tool is once again at the center...
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Don’t Save the Kennedy Center. Cut Off All Federal Funds.
President Donald Trump has the opportunity to do de-fund one of the most useless and most propagandistic institutions that is kept alive by the sweat of taxpayers: The Kennedy Center for the Performing Arts. The Kennedy center is nothing but a playground for the wealthy and their friends in various entertainment industries.Unfortunately, Trump has apparently decided that while he tries to slash budgets from other areas, he’s going to keep throwing...
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The Empire Strikes Back
The editors of the New York Times still are in shock. Less than eight months ago, the newspaper’s editorial board triumphantly published an editorial entitled, “Donald Trump, Felon.” Despite the fact that New York City’s district attorney Alvin Bragg was relying on untested legal theories, and despite the fact that the trial itself resembled a tag team effort between the prosecutor and Judge Juan Merchan—a partisan Democrat—the NYT solemnly assured...
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Should Central Banks Accommodate Increases in Demand for Money?
Could an increase in the demand for money counteract the effect of an increase in the money supply? For example, if there were an increase in the supply of apples by ten and, simultaneously, an increase in the demand for ten apples, this would be completely absorbed. In other words, after individuals have satisfied their demand for ten apples, zero apples would be left.Following this logic, it would appear that the increase in the supply of money...
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Is the Fed Loosening or Tightening and What Will It Do Next?
Since September, Jerome Powell’s Federal Reserve System has been cutting rates as if a financial crisis were looming. Just as in 2006, Powell raised the federal funds rate to 5.25 percent in the summer of 2023 and left it there until September of the following year. This past September, he cut rates by 50 percent in September and by 25 more basis points at the following Fed meeting just as Fed Chairman Ben Bernanke did starting in September 2007....
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Is the Fed Loosening or Tightening? It’s Complicated.
Since September, Jerome Powell’s Federal Reserve System has been cutting rates as if a financial crisis were looming. Just as in 2006, Powell raised the federal funds rate to 5.25 percent in the summer of 2023 and left it there until September of the following year. This past September, he cut rates by 50 percent in September and by 25 more basis points at the following Fed meeting just as Fed Chairman Ben Bernanke did starting in September 2007....
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A Message from Tom DiLorenzo
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The French Revolution
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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The Poor Man of Nippur and Austrian Economic Principles
Principles of market economics, particularly those emphasized in Austrian economic thought, are not confined to modern systems but persist across epochs. Ancient narratives, such as Mesopotamian epics, reflect profound insights into human decision-making, resource allocation, and the dynamics of power and exchange. I have become fascinated by deciphering the economic principles embedded within and underlying these ancient texts. One such story, The...
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Marxism and the Cultural Revolution
It will not have escaped many people’s attention that one of the main strategies in America’s “reckoning on race and Southern identity” involves depicting the Confederate battle flag as a symbol of racial oppression. Against this, Patrick J. Buchanan argued that:What the flag symbolizes for the millions who revere, cherish, or love it, however, is the heroism of those who fought and died under it….Vilification of that battle flag and the...
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The US Mint Mutilated Coin Program
US coins in circulation get damaged and are eligible to be redeemed through the US Mint Mutilated Coin Redemption Program, begun in 1911. Individuals and businesses can exchange bent, damaged, or partial coins (also known as mutilated coins) for reimbursement when no longer acceptable as legal tender. The program’s purpose is to promote confidence in US coinage.The Mint suspended the program in 2015 to assess its security and develop additional...
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Ralph Raico: A Great Historian
[The World at War by Ralph Raico. Transcribed and annotated by Edward W, Fuller. Ludwig von Mises Institute, 2024, 198pp.]We owe Edward W. Fuller—who is himself an outstanding historian—a debt of gratitude for his immense labor in giving us The World at War: a transcription of a three-hour speech delivered by Ralph Raico—the greatest twentieth-century historian of classical liberalism—at the Cato Institute Summer Seminar, June 1, 1983, which...
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Dr. Keith Smith: What Critics Miss About For-Profit Healthcare
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
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Rothbard’s Theory of International Relations and the State
Murray Rothbard is well known as an opponent of warfare perpetrated by states. This includes acts of war by states against other states, as well as acts of war by states against non-state organizations and individuals. Consequently, Rothbard historical scholarship and his political commentary is characterized by consistent opposition to aggressive warfare and imperialism as practiced by states in general, and by the United States government in...
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On Swiss National Bank
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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Swiss franc appreciation has led to tighter monetary conditions – SNB minutes
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SNB Sight Deposits: decreased by 3.1 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
Main SNB Background Info
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Newsquawk Week In Focus: US/Iran Talks, US Earnings Season, US PPI, and Chinese GDP
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I’ll Turn Bullish When This Happens -
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Heads up for NZD and CHF traders, RBNZ Gov Breman and SNB Chair Schlegel to speak
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MISES Podcast: Rothbards „Doppelschlag-Strategie“. Mises-Preis für Javier Milei