Category Archive: 6b.) Mises.org

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Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not

2023-05-23

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2023-05-23

While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies. Original Article: "Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not"

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The Duke Lacrosse Case: How a Lie Became Official Campus Policy

2023-05-23

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2023-05-23

Every day, more and more Americans are awakening to the reality that the institutions in control of this nation are failing them. From violence in the streets, inflation in our stores, increasing tyranny and censorship, and absolute buffoonery on public display in halls of political power. The ruling class is getting richer while most of us suffer, and new generations are becoming increasingly warped by the dangerous ideologies of the left....

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Three Lies They’re Telling You about the Debt Ceiling

2023-05-23

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2023-05-23

Negotiations over increasing the federal debt ceiling continue in Washington. As has occurred several times over the past twenty years, Republicans and Democrats are presently using increases in the debt ceiling as a bargaining chip in negotiating how federal tax dollars will be spent. Most of this is theater. We know how these negotiations always end: the debt ceiling is always increased, massive amounts of new federal debt are incurred, and...

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How Markets Self-Corrected during the 1819 and 1919–21 Recessions

2023-05-23

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2023-05-23

As the first signs of an economic tempest move through the United States—an alarming increase in bank failures, a surge in unemployment claims, and a troubling decline in retail sales—we find ourselves perched on the edge of a deep recession. Staring into this uncertain abyss, the self-designated guardians of our financial destiny, the Federal Reserve and the US government, are confronted with a monumental task. When the recession bells toll, how...

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Argentina Sleepwalks into Hyperinflation (Yet Again)

2023-05-23

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2023-05-23

A century ago, Argentina was one of the world's wealthiest nations and the Argentine peso rivaled the dollar. Today, Argentina is famous for periodic hyperinflation. Original Article: "Argentina Sleepwalks into Hyperinflation (Yet Again)"

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Taking Notes out of Rothbard’s Taiwan Playbook

2023-05-23

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2023-05-23

Writing pseudonymously in a series of articles for Faith and Freedom in the 1950s, Murray Rothbard took on the question of whether or not the United States should defend Formosa (Taiwan) from attack by mainland China. While his conclusions will surprise no one familiar with his work (that war is the health of the state, that individuals concerned with the fate of Taiwan should do as they will privately, but that their lives and property are not for...

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Washington Has No Moral Authority to Ban Guns

2023-05-22

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2023-05-22

Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example. Original Article: "Washington Has No Moral Authority to Ban Guns"

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Committing Domestic Violence against Men . . . Just for a Giggle

2023-05-22

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2023-05-22

Decades ago, Hollywood brought the neglected problem of domestic violence (DV) against women into the spotlight and helped to create cultural change. Today, Hollywood encourages people to dismiss or laugh at the neglected problem of DV against men. After all, the man must have had it coming; either that or he is too weak to stand up for himself and so deserves no sympathy. A general acceptance of women beating up men continues. A recent episode...

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Shedding Light on the Law of Unintended Consequences

2023-05-22

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2023-05-22

It is the right of the consumer, not the regime, to determine what lighting sources work best for them. Original Article: "Shedding Light on the Law of Unintended Consequences"

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The Drug War: An Irrational Crusade

2023-05-22

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2023-05-22

It’s been over five decades since the war on drugs began in the United States, and billions of dollars coerced from taxpayers have been spent on this frivolous operation. The General Accounting Office’s report found that the Drug Abuse Resistance Education (DARE) program did not deter youth from drug abuse. How exactly has this war benefited taxpayers when drug use has increased, and more potent drugs are being consumed? Even the diabolical Charles...

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Is Social Justice Just? A Review

2023-05-21

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2023-05-21

Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end? Original Article: "Is Social Justice Just? A Review"

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The Dominion Lawsuit against Fox News Is Part of the War against Free Speech

2023-05-20

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2023-05-20

Taxpayer-funded company Dominion is suing private parties for saying things the company doesn't like. These lawsuits illustrate how defamation laws can be used to destroy free speech. Original Article: "The Dominion Lawsuit against Fox News Is Part of the War against Free Speech"

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Will a New BRICS Currency Change Anything? Maybe

2023-05-20

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2023-05-20

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge. Original Article: "Will a New BRICS Currency Change Anything? Maybe"

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Dividing the Housing Market

2023-05-20

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2023-05-20

In this week's episode, Mark explains why the market for existing homes has been diverging from the market for new houses. The Fed ZIRP, QE and Covid bailouts have locked Americans into their mortgages and low payments, reducing the supply of existing homes. This keeps them off the market and home prices high in an economy that is headed for a recession or crisis. Buyers have been diverted to newly constructed homes where builders have more...

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Rothbard: Essentials of Money and Inflation

2023-05-20

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2023-05-20

Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts, exchange their goods for the goods of others. At each step of the way, every participant in exchange...

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Crowding Out: The Fed May Be Killing the Private Sector to Save the Government

2023-05-20

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2023-05-20

The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed three trillion US dollars by 2024. The normalization of monetary policy was built on the idea of a soft landing for the economy. However, the Fed may be killing the private sector to save the government. Curbing inflation requires a significant reduction in the money supply and aggregate demand. However, if...

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The Five Stages of Bank Failure Grief

2023-05-20

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2023-05-20

The talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic, JP Morgan’s Jamie Dimon said, “This part of the crisis is over.” After he said that, however, the shares of regional banks such as PacWest, Zions, and Western Alliance were cut in half. The market doesn’t believe Mr. Dimon. Elisabeth Kübler-Ross described five stages of grief: denial, anger, bargaining, depression,...

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Thanks to Sanctions, The US Is Losing Its Grip on the Middle East

2023-05-20

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2023-05-20

On Friday, members of the Arab League welcomed the Syrian regime back to the organization. Representatives from several Arab member states shook Syrian leader Assad's hand and gave him, a "warm" reception according to several news outlets. Syria was suspended from the league in 2011, but on May 7 in Cairo the league agreed to reinstate the Assad regime.  This represents a reversal from years of isolation placed on the regime, and a break...

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You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists

2023-05-19

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2023-05-19

Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force. Original Article: "You Don’t Like It? Leave! The Telling Sophistry of Tax Apologists"

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Government Redistribution Is the REAL Trickle-Down Economics

2023-05-19

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2023-05-19

On April 6, 2023, President Joe Biden’s Twitter account sent the following message: “Trickle-down economics doesn’t work.” Trickle-down economics is a phrase that is often thrown around negatively to ridicule those who believe that the free-market system is the best way to regulate the economy. “Trickle-down theory” was never coined by economists, and the term has two possible origins, both of which were meant to discredit those who wanted less...

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