Mises Wire

Beginning the Welfare State: Civil War Veterans’ Pensions

U.S. History

8 hours agoQuarterly 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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New Deal and Cold War: The Link of State Domination

Free MarketsU.S. HistoryOther Schools of Thought

05/20/2019Mises Daily Articles
One of the most brilliant and forceful attacks on Cold War foreign policy in the postwar era came from the pen of the veteran free-market publicist Garet Garrett, In his pamphlet "The Rise of Empire."
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The Regulatory-Industrial Complex

Free MarketsInterventionismOther Schools of Thought

05/17/2019Mises Daily Articles
In every administration, the tools of inflation, borrowing, taxation, and regulation are used to transfer wealth from the people to the government.
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What Is the Proper Way to Study Man?

BiographiesHistory of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

05/08/2019Mises Daily Articles
It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.
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