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Why Most People Embrace the State — And Why Some Will Always Reject It

Blog06/15/2019Murray N. Rothbard

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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Inflation: The Soviet Tool for Destroying Money

Money and BanksWorld History

Blog06/15/2019Chris Calton

The Bolsheviks were shocked to discover the destruction of money failed to bring about the rational economic order that the Communists believed to be inevitable.

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Why the Next British Prime Minister Should Privatize the BBC

Corporate WelfareMedia and CultureSocialism

Blog06/15/2019Philip Booth

Quite simply, there should be no public policy box marked “broadcasting.”

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Iran: America's Latest Drive for War

War and Foreign Policy

Blog06/14/2019Ryan McMaken

The US government wants us all to pay and sacrifice for yet another war. And it's using all the usual old tricks to try and have its way.

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Alienated America

Free MarketsPolitical Theory

06/14/2019The AustrianDavid Gordon

Readers of Tim Carney's 'Alienated America' will gain much from the author's account of civil society. After all, isolated individuals do not make for a successful marketplace. Free markets succeed best in the context a stable civil society.

Formats

The Austrian May June 2019.pdf

PDF (23.11 MB)

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Homelessness and the Failure of Urban Renewal

Labor and WagesPoverty

Blog06/14/2019Ryan McMaken

We continue to live with the wreckage of failed urban renewal, and Progressive city planning. And the evidence can be seen in the tent cities and makeshift latrines we now see in public spaces.

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There Is No Neutral Tax: Lessons from the the Amazon HQ2 "Subsidy"

Taxes and Spending

Blog06/14/2019Joseph T. Salerno

The tax-incentive deal Amazon had with New York was not a "subsidy" — in fact, Amazon pays enormous amounts of net taxes.

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NCAA: Making a Federal Case Out of Private Rules Violations

Legal System

Blog06/13/2019William L. Anderson

Federal prosecutors are now charging suspects with breaking non-existent federal statutes in cases involving violations of internal NCAA rules. But if there is fraud anywhere in this sorry affair, it is committed by federal prosecutors, defense attorneys, federal judges, and journalists.

Money-Supply Growth Remained Sluggish in May

Ryan McMaken

Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low.

Central Banks Aren't Really In Control of Interest Rates

Frank Shostak

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

The Supreme Court's Dubious "Wall of Separation" between Church and State

Gary Galles

How old should a monument be to avoid Establishment Clause challenges? Not that old, given the Supreme Court invented the "wall of separation" argument in only 1947.

The ECB's Renewed Attack on Free Markets

Thorsten Polleit

The ECB isn't stopping with government bonds. It will end the current monetary experiment with widespread intervention in corporate debt and all aspects of the market, further destroying what freedom still exists in debt markets.