Mises Wire

FDR and the Collectivist Wave

World HistoryOther Schools of Thought

11/08/2019Mises Daily Articles
In the 20th century, the US regime started refusing to recognize other regimes that failed to pass a morality test. But what was "moral" was never clear since FDR enthusiastically supported the blood-soaked Soviet regime under Stalin.
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What Is the Free Market?

11/04/2019Mises Daily Articles
Murray Rothbard defines the phrase free market: "a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents."
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Trotsky: The Ignorance and the Evil

BiographiesWorld HistoryOther Schools of ThoughtPhilosophy and Methodology

11/02/2019Mises Daily Articles
"It may well be, that is, that the Bolsheviks had never had the slightest idea of what their aims would mean concretely for the economic life of Russia, how those aims would of necessity have to be implemented, or what the consequences would be."
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How Central Banks Fund Our Age of Endless War

War and Foreign PolicyMoney and Banking

10/31/2019Mises Daily Articles
It is no coincidence that the century of total war coincided with the century of central banking.
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Mercantilism, Merchants, and "Class Conflict"

Free MarketsU.S. HistoryEntrepreneurshipInterventionism

10/28/2019Mises Daily Articles
The economic policy dominant in the Europe of the 17th and 18th centuries assumed that intervention in economic affairs was a proper function of government.
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Why Austrian-School Economists Tend To Be Libertarians

History of the Austrian School of Economics

Blog10/26/2019

Austrian-school economics is value-free and is not necessarily in favor of laissez-faire. But the Austrian view of markets and market power tends to push one in the laissez-faire direction.

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Argentina: A Country Caught in an Endless Loop of Financial Crises

Blog10/23/2019

Although Argentinians mean well, they cannot seem to break free of an endless loop of crises causes by expansions of the welfare state and deficit spending.

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The Myth of "Planned Obsolescence"

Monopoly and CompetitionValue and Exchange

10/22/2019The Free Market
In times of massive and frequent technological improvement, it would be sheer waste for manufacturers to dump resources into making products last past their usefulness.
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