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The Conquest of the US by Spain

02/15/2020Mises Daily Articles
The year 1898 was a landmark in American history. It was the year America went to war with Spain — our first engagement with a foreign enemy in the dawning age of modern warfare. Aside from a few scant periods of retrenchment, we have been embroiled in foreign politics ever since.

Coerced Confessions: How the Plea Bargain Replaced Physical Torture


When American governments created public police forces one hundred years ago, they often relied on torture to extract confessions. But now they have new methods: threatening to pile on new charges until the defendant takes a plea agreement.

Socialism: A Brief Taxonomy


From orthodox Marxism to anarcho-syndicalism, here's a brief guide to the many flavors of socialism.

Three Reasons Why More Secession Means More Freedom


Smaller countries are more dependent on trade and on attracting capital through lower tax rates. This goes against the notion that "nationalists" can use political separation to increase trade barriers and isolate a national economy.

How the Fed Rules and Inflates

02/14/2020Mises Daily Articles

The role of commercial banks in money creation is made more clear by the fact the Fed  is primarily interested in creating demand deposits, rather than cash. This creates a larger coundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."

What Margit von Mises Loved Most About Ludwig


Margit von Mises wanted her husband to be remembered for his humanity as much as his wisdom.

Wicksteed on Surplus Value


Many people are familiar with Eugen von Bőhm-Bawerk's damning critique of Marx, but Philip Wicksteed also took the time to show where Marx had gone wrong and struck his surplus theory of value a fatal blow.

Government "Fixes" for the Trade Balance Are Worse Than Any Trade Deficit


The national trade account balance is of little economic significance and is a sterile concept. But the government’s attempts to "fix" it can have many harmful effects.

Reflections on Legal Polycentrism

02/13/2020The Journal of Libertarian Studies
Much of the resistance to libertarian anarchic proposals stems from a genuine inability on the part of one’s audience to entertain such proposals as serious alternatives to the status quo.



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