Mises Wire

Mises University 36

The Left is on the march. Everything is at stake.

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The Austrian Theory of Money

History of the Austrian School of EconomicsMoney and Banking

07/02/2019Mises Daily Articles
Mises's fundamental accomplishment was to take the theory of marginal utility and apply it to the demand for and the value, or the price, of money.
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Justin Raimondo, RIP

Like his mentor Murray Rothbard, Justin Raimondo was an enemy of the state; and like Rothbard, he was magnificent in his scornful laugh directed at the Leviathan state.

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Benjamin Constant: French Liberal Extraordinaire

BiographiesThe EntrepreneurWorld HistoryPhilosophy and MethodologyPolitical Theory

06/29/2019Mises Daily Articles
"He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a contemporary. His lifelong concern, both as a writer and politician, was the growth of human freedom.
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Beginning the Welfare State: Civil War Veterans’ Pensions

U.S. History

06/19/2019Quarterly Journal of Austrian Economics
What would Murray Rothbard have said in the planned chapter 10 of his nine-chapter manuscript on the Progressive Era? Patrick Newman reveals Rothbard's target: the fourth party system (1896–1932).
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Why Most People Embrace the State — And Why Some Will Always Reject It

World History

Blog06/15/2019

Not all the public is deluded or sunk into habitual submission. In contrast to "the brutish mass," there is always an elite who will understand the reality of the situation.

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Outlawing Jobs: The Minimum Wage

Free MarketsInterventionism

06/03/2019Mises Daily Articles
In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period.
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The Lure of a Stable Price Level

U.S. HistoryBusiness CyclesPrices

05/27/2019Mises Daily Articles
The siren song of a stable price level had lured leading politicians and economists since as early as 1911.
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