Why did the South lose the Civil War? Mark Thornton argues Vicksburg—not Gettysburg—was key, revealing how Confederate economic failures sealed their fate.
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Category Archive: 6b) Austrian Economics
Engines of Destruction in the Great War: Artillery, Society, War Finance, and the Emergence of the Total State
Hunt Tooley reveals how artillery, arms dealers, and bankers turned war into profitable, prolonged carnage.
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MMT, Chartalism, and the Colonial Experience
The MMT crowd now claims that the monetary history of the US is an example of chartalism. US history is actually an example of the opposite.
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The Package Deal of “Circumstantial Exploitation”
Adlai Stevenson said that, “A hungry man is not a free man.” Many assume free exchange is invalid unless a basic level of wealth is achieved by the parties, but this is an error.
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“Trump ist ein plumper Betrüger” – Wie die Welt hinter den Kulissen wirklich funktioniert.
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From Leninism to Social Democracy: A Guide to Socialist Models
While Democratic Socialism is the darling of the political left, all forms of socialism have come from the brutal model first imposed upon Russia in 1917.
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To Make Flying Safe, Make Air Traffic Control a Profit-Seeking Business
With the recent collapse of air traffic control systems at Newark International Airport, air safety again is in the news. The problem is that the US ATC system is run on socialist principles. To fix this problem, turn to private enterprise.
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PERIODISTA INTENTA ARRINCONAR A TRUMP Y SALE HUMILLADO
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Congress Should Abolish the Fed for Failing to Achieve Its Mandates
Following World War II, Congress imposed mandates on the Federal Reserve in the areas of employment, inflation, and interest rates. Not surprisingly, the Fed has failed in all three areas. It is time to recognize failure and abolish the Fed altogether.
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Homeschooling Is Our Best Defense Against the State
Homeschooled children are educated more effectively than public school students and at a fraction of the cost of public education. Naturally, the government wants to destroy it, with Illinois currently leading the anti-homeschooling mob.
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Trump Budget Plan Makes No Spending Cuts Until 2028
All potentially unpopular cuts will hit only after 2026 or 2028. This is proof Trump was never serious about any real spending cuts. These cuts will never actually happen.
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How War Propaganda Has Fueled American Foreign Policy for a Century
Isn’t it funny how, with the possible exception of Vietnam, all of America’s wars have been justified and have been right and good? What are the odds?
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A History of Political Theory in the West
Political Scientist Joseph Solis-Mullen joins Ryan McMaken to review Ralph Raico's newly published lectures on politics in the West. We recommend this book for all who want a pro-freedom history of political thought.
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Courageous Followership and the Fight Against Tyranny: A Reflection on Mises, Hayek, and the Moral Responsibility of Followers
The powerful critiques of Mises and Hayek against centralized authority and their staunch defense of individual liberty offer essential lessons for followers navigating the ethical dilemmas of modern institutions and governments.
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How Trump Can Lower Drug Prices Without Price Controls
While Trump has not yet turned to price controls to address America‘s absurdly high drug prices, Monday‘s executive order suggests that he soon may. Price controls would only worsen the problem with the drug market. Here are three things he can do instead.
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BESSENT REVELA EL PLAN PARA DEVOLVER EE UU AL SECTOR PRIVADO
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USAID’s Legacy of Failure
Progressive supporters of USAID claim that the agency does vital work overseas to provide medical care and other necessities for the poorest of the poor. Yet, a careful look at its record reveals that USAID often is a hindrance to the very people it claims to help.
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Tariffs Won’t Ever Be “Optimal”
Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, Americans have the upper hand in trade because they can run large trade deficits due to the status of the US dollar as the world‘s reserve currency.
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On Swiss National Bank
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SNB Sight Deposits: decreased by 15 billion francs compared to the previous four weeks
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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
Featured and recent
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A Better Way to Understand Inflation -
12-4-25 Why Markets Are Nervous About a New Fed Chair -
12-5-25 Roth Conversions, Money Rules & Financial Wellness: What Actually Works? -
Why hasn’t Keir Starmer made bigger reforms? -
The Unjustified Conflict: Grant’s Memoirs on the Mexican-American War
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Schlafstörungen -
Tag 131 -
The Lane Train (And the Rest of College Football Madness) Has Been Fueled by Easy Money
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16 Jahre Gewinnwachstum: Warum diese Aktie trotzdem 75% verlor! -
The USD is lower vs the JPY by 0.40%. Versus the EUR and GBP, the USDs decline is modest