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While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself.

When Mises wrote that the fascists had "saved European civilization," he could have been describing Francisco Franco of Spain, who kept Spain from becoming a communist dictatorship.

After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect.

Tax imposition rendered political exploitation less painful, but at the same time, it inaugurated an expansion of dominion over individuals and society unparalleled in history.

David Hume, Adam Smith, and Étienne de Condillac observed that money is neither a consumers' good nor a producers' good and that, therefore, its quantity is irrelevant for the wealth of a nation.

China's authoritarian gerontocracy has built a Doom Loop with Chinese characteristics, with over half the economy now crashing.

Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.

Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety.

Javier Milei's unequivocal message of shuttering the Argentinian Central Bank resonated with a population beleaguered by an inflation rate of over 100%.  

The Argentine primary elections were held on August 13 and only one presidential candidate had presented a government plan in detail.