What Austrians can Learn from The Socialist Manifesto

Big GovernmentSocialismU.S. Economy

Blog08/25/2019

CJay Engel Reviews The Socialist Manifesto, from the Editor of Jacobin.

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The Myth of Good Government

Free MarketsGlobal EconomyOther Schools of Thought

08/24/2019Mises Daily Articles
One of the great and most persistent errors of classical liberals is to believe in "good government," a government that does "what it is supposed to do." But no state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will...
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The Hidden Costs Behind Every Government Program

Blog08/24/2019

Governments love to point to stuff they built with your tax dollars. But they never point to all the destroyed wealth and lost opportunities that result from those same programs and policies. 

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The Coming Whiskey Bubble?

Booms and Busts

Blog08/24/2019

Whiskey production depends on investment in highly specific capital, and it requires a long time horizon. It's a textbook case of the sort of industry that's likely to suffer most in case of an economic bust.

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Economic Nationalism Is a Philosophy of War

Free MarketsWar and Foreign PolicyInterventionism

08/23/2019Mises Daily Articles
What is needed to make peace durable is a change in ideologies. What generates war is the economic philosophy almost universally espoused today by governments and political parties.
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Bernie Sanders's Upside-Down Concept of "Morality"

Blog08/23/2019

Sanders’s and other progressives’ blustering about “morality” is really a smokescreen designed to distract from their vision of a society organized around the threat of government aggression against innocents who simply want to mind their own business.

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Bring Back the Constitution's Prohibiton of Double Jeopardy

Legal System

Blog08/23/2019

The Fifth Amendment in the Bill of Rights prohibits trying a person twice for the same crime. But the federal government now routinely ignores this.

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The Freedom to Reject the "Best"

EducationFree MarketsInterventionism

08/22/2019Mises Daily Articles
A central benefit of the marketplace is the ability to choose the products and services that the "experts" tell us are not "the best."
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The Disaster of Negative Interest Policy

Blog08/22/2019

Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.

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