| Mises Institute

A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the supply is almost irresistible. A drastic reduction of government spending and deficits is not very likely either, given the incentives for politicians in democracies. So what is to come?

Why Are Obamacare Exchange Policies So Bad?

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The only way to provide good medical services at a reasonable cost is to bring back market pricing. We need the market not only to get supply and demand back into balance, but also to decide what exactly will be supplied. When was the last time that anyone saw a normal market price in medicine?

Pope Francis, Income Inequality, Poverty, and Capitalism

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The criticisms of free markets in Pope Francis’s Apostolic Exhortation Evangelii Gaudium (”The Joy of the Gospel”) have generated strong reactions around the world. One example is a recent post by Gregory Mankiw on his blog with brief but interesting reflections.

VIDEO: Ron Paul Interviews Lew Rockwell

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Ron Paul and Lew Rockwell discuss Ludwig von Mises, the Mises Institute, Leonard Read, Murray Rothbard, the Austrian School and the state of the freedom movement:

Mises.org #1, Circle Bastiat #12

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Mises.org scores #1 website in Austrian Economics and our Circle Bastiat blog came in at #12 on the list of the top 40 at Commodity HQ. Keep up the good work!

When the FDA Declared War on a Texas AIDS Patient

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The focus of Dallas Buyers Club is on the crony-capitalist relationship that exists among the American health care system, the pharmaceutical companies, and the FDA. The monopoly power that results from this union is used to stifle a person’s right to consume what he wants and treat himself as he sees fit.

Currency War Means Currency Suicide

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What the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.”

LECTURE EXCERPT: What is Economic Law?

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Excerpted from Lecture 3 of Robert Murphy’s “Basics of Economics: Action and Exchange”, which is available as an independent study course. Sign up for Dr. Murphy’s “Basics of Economics: An Introduction to the Free Market”, which starts in January 2014.

Nelson Mandela’s Battles Against Socialism, Unionism, and Interventionism

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That’s the title of my latest LewRockwell.com article about the form of socialistic interventionism known as “apartheid” and Nelson Mandela’s role in opposing it.

Mandela and the Economics of Apartheid

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Nelson Mandela, public face of the anti-Apartheid movement and South Africa’s first post-Apartheid president, has died. Much will be written about Mandela in the coming days, but little of it will deal directly with the Apartheid system, particularly its economic aspects.

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What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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