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Since each person votes for different reasons, we can't morally say that the outcome of an election binds people to any specific law or policy.
Financial MarketsBusiness CyclesMoney and Banking
What causes financial crises, domestic and global, is the underlying, continuing credit expansion.
There's a long history of deliberately producing terrible scholarship with the intent of showing how arbitrary, political, and incompetent editors and publishers are.
World HistoryOther Schools of ThoughtPhilosophy and Methodology
The Nobel committee this year showed that it has embraced clever economic modeling as a replacement for scientific progress.
Austrian Economics OverviewHistory of the Austrian School of Economics
The Austrian school has always been a very international movement, and the Mises Institute works to uphold that tradition.
Money and BanksU.S. HistoryMoney and Banking
With printing of the Continental notes in 1775, Webster feared people would think you could finance the Revolutionary War by printing paper money. We should have listened!
Trump has certainly changed his tune on low interest rates since he was elected.
The challenge from now on for OPEC and for oil producers is not to seek artificial price inflation, but to improve efficiency.