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Mises in 1944: "The German and the Russian systems of socialism have in common the fact that the government has full control of the means of production."
Homicides were flat through 2019. Then spring 2020 arrived, and with it a wave of homicides in many American cities. Could the social and economic effects of lockdowns be the cause?
In a very real sense Dr. Paul is the only Misesian ever to serve in Congress.
Free MarketsPrice Controls
Rent control in Ontario has restricted the supply of housing while lowering the quality of available units.
Riots (unlike peaceful protests) are economically disastrous for inner cities. They also tend to create blowback against the people the riots claim to be defending.
Calculation and KnowledgePhilosophy and Methodology
The distinction between risk and uncertainty is a key tenet of the Austrian school. Mainstream neoclassicists reject it.
U.S. HistoryWar and Foreign PolicyWorld History
The fact that Yalta can now clearly be seen to have been a betrayal is another reason to be wary when pundits and talk show hosts jump on the bandwagon for the next killing spree abroad
Legal SystemPhilosophy and Methodology
Economists who have written on punishment find Rothbard's “double restitution” idea puzzling, because they think about it only in terms of economic efficiency. But Rothbard's theory is based on a moral principle.