The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring about socialism. Neither is true.
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Category Archive: 6b.) Mises.org
The Anti-Capitalist Mentality of the Estado Novo
Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s demise, but anti-capitalist thinking still dominates among Portugal’s ruling elites.
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The Great Depression: An Austrian Reply to WIRED
Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the role of the Fed and the gold standard, and the notion that World War II ended the slump.
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The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability
While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.
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Hofstadter on Lincoln
Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward him.
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Thanksgiving: A Celebration of Domestic Life
For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.
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The Economics of Santa Claus
A satirical essay from a 1978 classroom, speculating about what it would cost to become Santa.
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Warren Harding: A Sinner in the Hands of Angry Progressives
Warren Harding provides a case for how lies and myths—in the name of the truth—can be centralized and become the dominant narrative for generations, shaping views on policy.
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Thanksgiving Is a Celebration of Free Enterprise
The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.
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Thanksgiving: A Celebration of Domestic Life
For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.
Read More »
Read More »
Thanksgiving Is a Celebration of Free Enterprise
The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.
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The Perils of Our Bubblicious World
The worst bubble in human history is the government spending bubble, up from about 8 percent of GDP in 1900 to about 40 percent of GDP today. Column by Christopher Chantrill.
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A Real Ukraine Peace Plan
It is unimaginably cruel to demand that Ukraine keep fighting our proxy war down to the last Ukrainian.
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What Have the Inflation-Mongers Wrought?
At 3 percent inflation over an 80-year lifetime, prices will multiply by a factor of more than 10. A dollar will become nine cents, but we would be told that “inflation is stable.”
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Delistings Jump 28% as Sellers Pull Homes Off Market Rather Than Settle For Low Prices
Realtors seem to think that rage-quitting the market will somehow make prices go up. Things won't go the way they hope.
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No, You’re Not Hurting the Economy by Saving Money
As the economy worsens, expect to see more articles from legacy media about how saving money is actually bad for the economy. It's an old Keynesian myth.
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Government Chains Are Shackling Europe
Europe’s eye-watering tax levels are a leading cause of stagnation of European economies, as well as the symptom par excellence of statist gluttony.
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How 50-Year Mortgages Turn Home Owners into Renters
50-year mortgages are likely to increase the likelihood of more "owners" becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price.
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On Swiss National Bank
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SNB Sight Deposits: increased by 1.7 billion francs compared to the previous week
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
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Tag 138