Category Archive: 6b.) Mises.org

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100 Years Ago Today: The End of German Hyperinflation

2023-11-15

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2023-11-15

On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark (in German: Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of the Papermark was completely ruined. To understand how and why this could happen,...

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Kendi’s Critical Race Theory Is a Failed Marxist Doctrine

2023-11-15

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2023-11-15

While Ibrahim Kendi's infamous antiracism center at Boston University implodes, the doctrines espoused by the center continue to present false social narratives. Original Article: Kendi's Critical Race Theory Is a Failed Marxist Doctrine

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The Problem with Joe Manchin’s Centrism

2023-11-15

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2023-11-15

Last week, Senator Joe Manchin (D-WV) announced he would not seek reelection in 2024. In a Wall Street Journal op-ed, Manchin explained his reasons for leaving. He starts with a relatively noncontroversial assessment of the problems facing America—rising costs, dangerous drugs crossing the border, a large national debt, unsafe communities, and foreign wars that threaten to pull the United States in. After some platitudes about these not being...

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You’re Paying for the Israel War. You’ll Also Pay for the Refugees.

2023-11-15

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2023-11-15

The United States regime has picked sides in the Israel-Hamas war and has committed to funding Israel's ongoing bombing of non-combatant men, women, and children in the Gaza strip. Northern Gaza's infrastructure is now all but destroyed, with millions of Gazans displaced and homeless. Nearly ten times more Gazans than Israelis have now died in the conflict. Many Gazans have fled to the southern portion of Gaza, but homelessness and abject poverty...

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The TSA Is Still Crazy after All These Years

2023-11-14

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2023-11-14

The TSA has been promising to end its boneheaded ways for more than 20 years. Flying out of Dallas International Airport last week, I ruefully recognized that all TSA reform promises are malarkey. As I neared the end of a TSA checkpoint line, I saw two women loitering behind a roped off section for CLEAR, a new biometric surveillance program that works with 35 airports and coordinates with TSA. CLEAR involves travelers standing in photo kiosks that...

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Pushing the False Narrative of U.S. Isolationism

2023-11-14

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2023-11-14

Americans have been fed the myth that US foreign policy from 1919 to 1941 was isolationist. In reality, US policies destabilized already volatile international relations. Original Article: Pushing the False Narrative of U.S. Isolationism

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How Austrian Economics Impacted My Life

2023-11-14

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2023-11-14

Professor Joseph T. Salerno tells his personal story of how he discovered Austrian economics and how he has become one of the its leading proponents. The lecture is part of the Future of Freedom Foundation’s Fall 2023 online conference “How Austrian Economics Impacted My Life,” and includes an introduction and remarks by Jacob Hornberger, and a question-and-answer period. To learn more about the Future of Freedom Foundation, visit fff.org....

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Is ExxonMobil’s Acquisition of Pioneer Natural Resources a “Threat to Democracy”?

2023-11-14

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2023-11-14

We hear plenty about threats to American democracy: Donald Trump’s a threat, the Republican party is a threat, and any number of other people or political parties are threats. Now it’s ExxonMobil’s purchase of Pioneer Natural Resources. Jeff D. Colgan, a professor of political science and the director of the Climate Solutions Lab at Brown University, wrote in an easily missed piece entitled “Exxon Mobil’s Pioneer Acquisition Is a Direct Threat to...

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Mises on the History of Warfare

2023-11-14

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2023-11-14

As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects. Original Article: Mises on the History of Warfare

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The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

2023-11-14

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2023-11-14

The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. Austrian business cycle theory provides a profound understanding of how artificially inflated booms sow the seeds of their own destruction. Delving into...

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Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State

2023-11-13

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2023-11-13

Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid. Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State

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Is This America? Cops, Criminals and the Bombing of Philadelphia

2023-11-13

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2023-11-13

This article was originally published in Libertarian Outlook (vol. 1, no 1, August 1985). This was the only issue of the magazine that was ever published. Permission was granted by Eric Garris, one of the original coeditors, to reprint this article on mises.org. Libertarians have devoted so much time and energy to the important cause of repealing laws against victimless “crimes” that we have tended to neglect an equally important social problem:...

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Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently

2023-11-13

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2023-11-13

Quit College—or Better Yet, Don’t Even Start When I was in university a decade ago, this was some wacky, contrarian advice. It wasn’t unheard of for intellectual, middle-class youngsters to opt out of college, and it was still the early days of efforts like Praxis, but realistically there didn’t seem to be any alternatives. So, I went to university because that’s where you learn things and become a grown-up . . . or something. These days, half of...

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Federal Flood Insurance Drains Taxpayers

2023-11-13

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2023-11-13

Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars. Original Article: Federal Flood Insurance Drains Taxpayers

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From the Invisible Hand to the Invisible Sleight-of-Hand

2023-11-13

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2023-11-13

​Why are we using state money instead of market money? Put another way, why can’t we select the money we want to use? Cryptocurrencies are a market alternative, but they haven’t put state money out of business yet. If they ever threaten to do so, the state can prohibit them. Market money is sound because of two essential features. First, it represents the market’s choice of a universally accepted medium of exchange, and second, it shackles...

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Reason versus Emotion in Economics: A Praxeological Response

2023-11-12

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2023-11-12

The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error. Original Article: Reason versus Emotion in Economics: A Praxeological Response

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No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors

2023-11-11

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2023-11-11

The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender. Original Article: No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors

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Cut through the Media Noise, and Remember the Economic Priorities

2023-11-11

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2023-11-11

Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money. Original Article: Cut through the Media Noise, and Remember the Economic Priorities

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Seed Corn and Dry Powder

2023-11-11

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2023-11-11

On this week's episode, Mark looks at the financial condition of the government and of American citizens on the cusp of the next recession. The financial condition of the United States Treasury, the Federal Reserve, and the American citizenry is weak; debt is high and rising, and this is very worrisome in an economic environment of rising interest rates and a weakening global economy. Please share this episode with a curmudgeon. The U.S. Debt...

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Bad, Worse, Worst: The Misguided Perfectionism of Gavin Newsom

2023-11-11

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2023-11-11

My grandfather used to sing to me, “Good, better, best / never let them rest / till the good is better / and the better is best.” I appreciated that lesson and have been applying it to try to make sense of a recent bill signed by California governor Gavin Newsom. While the bill may be the result of Newsom’s grandfather singing to him about “bad, worse, and worst,” I have determined it is more likely a case of bad/worse/worst economic thinking. It...

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