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Mises Daily
Displaying 1 - 10 of 6745
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Ralph Raico
Few ideas are as closely associated with Marxism, writes Ralph Raico, as the concepts of class and class conflict. But the concept itself, with a more realistic understanding, originates in liberal theory.
•
Thomas J. DiLorenzo
Grover Cleveland, who was pro-gold, anti-tariff, and anti-imperialist, was the last American president in the Jefferson/Andrew Jackson/John Tyler tradition.
Tags:
Gold Standard,
Monetary Theory
•
Joseph T. Salerno
Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.
Tags:
Praxeology
•
Llewellyn H. Rockwell Jr.
Indeed, if we look at the failure of the welfare state, the persistence of the business cycle, runaway inflation, and out-of-control debt, we'll see that each is addressed and predicted in 'Human Action.'
Tags:
History of the Austrian School of Economics,
Monetary Theory,
Praxeology,
Biographies
•
Ludwig von Mises
If one looks at the catastrophic consequences of the great paper-money inflations, one must admit that the cost of making and holding gold is the minor evil. It would be futile to retort that these catastrophes were brought about because the regime merely used fiat money improperly.
Tags:
Book Reviews,
Free Markets,
War and Foreign Policy,
World History
•
John V. Denson
Never forget the Christmas truce of World War I, when troops refused to be pawns of empire for one blessed day.
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Tags:
History of the Austrian School of Economics,
Interventionism,
Free Markets
•
Ludwig von Mises
Socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would, after centuries of gains in prosperity, rediscover the meaning of hunger on a massive scale.
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Tags:
Other Schools of Thought,
Free Markets
•
Ludwig von Mises
The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.
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Tags:
Booms and Busts,
World History
•
Thorsten Polleit
One lesson learned should be that fiat paper money won’t work.
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Tags:
Business Cycles,
Booms and Busts,
U.S. Economy,
U.S. History
•
Murray N. Rothbard
Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without "pre-judgment" is futile.
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