Mises Wire

America's Legitimacy Crisis Heats Up

U.S. History

Blog01/08/2022

The Washington class could miscalculate and use force against the "deplorables." And if it reaches that point, the veneer of democratic legitimacy will be erased.

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America's Wars Are Far More Costly than the Pentagon Admits

Blog12/29/2021

The true cost of America's wars—in lost productivity, resources, and opportunity cost—is far higher than even the official numbers of trillions spent on the Pentagon's many failures.

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A Strategy to Promote Sound Money: Decentralize the State

Money and Banks

Blog12/25/2021

The current system of freely fluctuating paper currencies with the US dollar as reserve currency would not have been possible without political centralization of monetary systems. 

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A Slave-Based Economy Is Nothing Like a Dynamic Capitalist One

World History

Blog12/23/2021

The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.

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A Forgotten Misesian: Remembering Philip Cortney

Blog12/17/2021

The career of Philip Cortney, a friend of Mises and Hazlitt, provides some interesting insight into the first generation of the American Austrian school.

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A History of Cronyism in America

Book ReviewsU.S. History

Blog12/07/2021

Cronyism: when the government passes policies to benefit special-interest politicians, bureaucrats, businesses, and other groups at the expense of the general public.

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Africa's Long History of Trade and Markets

World History

Blog12/02/2021

Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living.

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A Chance to Double Your Gift

Blog12/01/2021

The Mises Institute is the life-support system for the worldwide liberty movement. Your gift is vital for us to do more!

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