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The Problem with Guilds: They're Monopolistic and Wasteful


The historical guilds of Europe have long been criticized for cartelizing trade and seizing monopolistic powers. And new research suggests the situation was very similar in Africa as well.


Stop Pretending Price Inflation Is a Result of "Too Much" Profit


If a business raises the price of its goods and consumers (and consumers pay it) we will have here a specific price increase but not a general increase in prices. That's not inflation.

Isaiah Berlin on Negative Freedom

01/15/2022Mises Daily Articles

Berlin's fundamental flaw was his failure to define negative liberty as the absence of physical interference with an individual's person and property.

The State of Austrian Economics

01/14/2022Mises Media

Jeff Deist surveys the role economics (and economists) should play in society.

Solving the "Problem" of Free Riding

01/14/2022Mises Daily Articles

One of the most blatant examples of this non sequitur occurs in discussions of the "free rider problem" and the alleged solution of government provision of so-called public goods.

Rothbard on Immoral Choices

01/14/2022Friday Philosophy

Some oppose the free market because it allows them to make immoral choices. How can promarket people respond to this critique without relying on their value system?

The Uniparty Can’t Solve Inflation. Here’s How Populists Can.

01/14/2022Power & Market

As the nation continues to lose trust in institutions, and as a new generation of populist Republicans grow their numbers in the party, there is an opportunity to deliver a major blow against the financial class that has taken over the global economy.

Colonialism Isn't the Source of Latin America's High Inequality


Latin America's antiglobalization epoch, from 1913 to 1970, was marked by high regulations and antitrade efforts that have fueled Latin America's economic problems.

The Money Supply Grew in November, but the Bigger Trend Is Way Down


Even with November's small rise, money supply growth is far below the unprecedented highs experienced during the past two years. This points to a weakening economy.



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