Mises Daily Articles

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The Market for Literary Products

The EntrepreneurFree MarketsMedia and Culture

11 hours agoMises Daily Articles
Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. Literature is just one example.

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Gold versus Fractional Reserves

Booms and BustsThe FedGold StandardMonetary Theory

11/22/2017Mises Daily Articles
A dual currency system could eventually permit a smooth transition back to a sound gold currency.

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I, Pencil

The EntrepreneurFree MarketsInterventionismPraxeology

11/18/2017Mises Daily Articles
This classic article by Leonard Read illustrates how completely dependent the world is on the division of labor.

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Libertarian Thought in Colonial America

U.S. HistoryPolitical TheoryPraxeology

11/17/2017Mises Daily Articles
The growth of libertarian thought in eighteenth-century America was heavily influenced by a preceding growth in England.

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Taxation Is Robbery

Legal SystemTaxes and SpendingInterventionism

11/08/2017Mises Daily Articles
It took centuries to end the idea that taxes kept the privileged class in comfort and financed their wars. But now we're told taxes = civilization.

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Bureaucratization

Big GovernmentFree MarketsInterventionism

11/07/2017Mises Daily Articles
The progressing bureaucratization of big business is by no means the result of a tendency inherent in the development of the capitalist economy.

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Aristotle on Private Property and Money

BiographiesWorld HistoryCapital and Interest TheoryPrivate Property

11/04/2017Mises Daily Articles
Although Aristotle scorned moneymaking and was scarcely a partisan of laissez-faire, he set forth a trenchant argument in favor of private property.

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The Peculiar and Unique Position of Economics

History of the Austrian School of EconomicsPraxeology

11/03/2017Mises Daily Articles
Great men cannot adjust social conditions to their plans if they do not convince public opinion.

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Jean-Baptiste Colbert and Louis XIV

BiographiesWorld HistoryInterventionismMonetary Theory

11/02/2017Mises Daily Articles
Colbert: "The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing."

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The Truth About the "Robber Barons"

Free MarketsEntrepreneurshipInterventionism

11/01/2017Mises Daily Articles
Most of the businessmen we now call Robber Barons got rich by using the power of the state, and not by serving their customers in a free market.

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