Mises Wire

Why Powell Fears a Gold Standard

Money and BanksMoney and Banking

Blog38 min ago

The fact that politicians, central bankers, and “too big to fail” bankers all oppose a gold standard is a tacit admission that hard money would serve as an effective constraint on their activities.

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Old Wisdom Applied to Current Spending Proposals

Blog53 min ago

“A billion here, a billion there, pretty soon you’re talking about real money.”

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Planning for Freedom

BiographiesHistory of the Austrian School of EconomicsPraxeology

07/19/2019Mises Daily Articles
There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.
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A Bookmaker With the Mind of Mencken

Book Reviews

Blog07/19/2019

After quoting H.L. Mencken’s famous quip, “Nobody ever went broke underestimating the intelligence of the American people,” Andrews wonders, “I don’t know if old H.L. was a bookmaker, but he would have been a great one if he had been.”

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You May Be Biased — But That Doesn't Make You Wrong

Philosophy and Methodology

Blog07/19/2019
Yes, many researchers are biased. But as Mises noted: "Reference to a thinker's bias is no substitute for a refutation of his doctrines by tenable arguments."
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Liberation from the Parasite State

Free MarketsWorld HistoryEntrepreneurshipOther Schools of Thought

07/18/2019Mises Daily Articles
Liberalism has many meanings, but I wish to maintain that the most authentic form of liberalism has been concerned above all with two things: the expansion of a free functioning civil society and the restriction of the activity of the state.
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