Category Archive: 6b) Mises.org

Professor Matthew McCaffrey on the Austrian Definition of Capital and its Application for the Health of Your Business

An understanding of the Austrian definition of capital is tremendously useful to all business owners and managers.

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The Jacksonians’ Bank War: Liberty versus Power

The Jacksonians saw central banking for what it was: a way of making the rich even richer, while ripping off ordinary people. We remember the Jacksonians not just because they were right about the central bank, but because they were also very successful in their fight against the Bank and its allies.

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Why There’s So Much Confusion over What “Inflation” Means

Understood properly,  inflation is not a general increase in prices but is an increase in the money supply "out of thin air" which brings about the impoverishment of wealth generators. When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary.

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Thorsten Polleit: Die große Kapitalismus-Verwirrung (Mises Karma Episode 54)

Mises Karma – Der freiheitliche Podcast – erscheint ab Episode 51 auf Youtube auf dem Kanal von eigentümlich frei. Besuchen Sie auch die Website von Mises Karma unter: https://miseskarma.de/ Episode 54: Die große Verwirrung: Kapitalismus-Kritik, die Sozialismus-Kritik ist (Thorsten Polleit) Das Kapitel „Die große Verwirrung: Kapitalismus-Kritik, die Sozialismus-Kritik ist“ aus dem Buch „Der Antikapitalist: Ein Weltverbesserer der keiner ist“...

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Pandemic Follies: Tyranny Won’t Keep Us Safe

Politicians have destroyed more than 13 million jobs this year in a deluge of edicts aimed to fight the covid-19 pandemic. More than two hundred thousand Americans still died from the coronavirus, but the anticovid government crackdowns probably did far more damage than the virus. The covid crisis has also shown how easy it is for politicians to fan fears to seize nearly absolute power.

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Covid and the Escalation of Medical Tyranny

Covid has exposed how easy it is for government to weaponize healthcare. How long will the doctor-patient relationship remain sacred?

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The Second Act Will Be Worse Than the First: Lockdowns Are Not the Answer

Given the overt hostility that progressives have toward private enterprise in the first place, politicians will take shutdown-caused shortages and empty shelves as “proof” that private enterprise has failed.

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The NRA Would Be Wise to Leave New York ASAP

The NRA would be wise to vote with its feet. Millions of Americans have already escaped the high taxes and freedom-destroying blue state regimes by doing the same. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: "The NRA Would Be Wise to Leave New York ASAP".

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A Critique of the Labor Theory of Value

Before proceeding, we should be clear on what an economic theory of value is supposed to do: its task is simply to explain the exchange value of particular goods and services. That is, an economic theory of value must explain why someone selling good X can receive x berries in exchange for it, whereas someone selling good Y will only find someone willing to give up y berries in exchange for his good (where y< x).

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Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.

The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy because the long shopping list of the Bank of Japan (government bonds, corporate bonds, ETFs and real estate investment trusts) has inflated stock and real estate prices (Shirai 2020; Financial Times 2020).

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Our Politicians Would Probably Be Better If We Picked Them by Lot

Rather than choose among a group of narcissists desperate to become popular by redistributing the income of others, why not choose officeholders by lot for a single term?

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David Gordon on Young Catholics Being More Conservative

David Gordon on Young Catholics Being More Conservative

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Murray N. Rothbard DEBUNKS Natural Monopolies

In this clip taken from one of his many lectures, the late economist, sociologist, and historian Dr. Murray N. Rothbard discusses the fallacious claim that monopolies form naturally in a free market economy.

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The Second Act Will Be Worse Than the First: Lockdowns Are Not the Answer

In the first presidential “debate” (I use that word creatively), Joe Biden hinted that he would order a national lockdown in order to “defeat” the covid-19 virus, and there certainly seems to be a consensus in the media and among political elites that if there is another “outbreak” of covid, then the “shelter in place” order will be the law of the land.

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What “Experts” Miss about Economic Inequality

That’s a question USA Today posed to three “policy experts on the left and the right” in this recent article. The responses, while unsurprising, were nevertheless disappointing. For libertarians, economic inequality itself is not problematic, as long as it is in the context of an unfettered market economy free of government privileges and interference.

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Most Everything Governments Do Should Be Regarded as “Corrupt”

Governments that redistribute wealth and regulate our daily lives are inherently corrupt. We cheapen the word "corruption" when we reserve it for just a few politicians who break the arbitrary rules.

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Problems with Theories on the Black-White Wealth Gap

The wealth gap between white and black Americans is frequently discussed. Today it’s becoming popular to attribute disparities to black culture. Clearly all cultures are not equal, but can the subculture of some black American communities explain variations within the wealth gap?

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If the US Adopts Eurozone Policies, the Jobs Recovery Will Suffer

The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "If the US Adopts Eurozone Policies, the Jobs Recovery Will Suffer​".

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If We Want to Increase Demand in the Market, We Must First Increase Production

Following the ideas of John Maynard Keynes and Milton Friedman, many commentators associate economic growth with increases in the demand for goods and services. Both Keynes and Friedman held that the Great Depression of the 1930s was due to an insufficiency of aggregate demand and that thus the way to fix the problem was to boost aggregate demand.

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Robert P. Murphy: Human Action

Human Action

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